PUBLISHER: The Business Research Company | PRODUCT CODE: 1662422
PUBLISHER: The Business Research Company | PRODUCT CODE: 1662422
A voice user interface (VUI) refers to a technology in speech recognition that allows users to control computers, smartphones, or other devices through voice instructions.
The primary products associated with the voice user interface are solutions and services. Solutions involve the integration of individuals, groups, systems, and technologies to support specific business or technical capabilities addressing various challenges. AI-based and non-AI-based technologies are applied in the development of voice user interfaces, including smart speakers, interactive voice response systems, on-premise solutions, cloud solutions, and voice-controlled devices like smartphones and tablets. These technologies find application across diverse industry verticals, such as BFSI, retail and e-commerce, consumer electronics, automotive and transportation, healthcare, life sciences, travel and hospitality, government and defense, as well as other sectors like media and entertainment, IT and telecom, and the commercial industry.
The voice user interface market research report is one of a series of new reports from The Business Research Company that provides voice user interface market statistics, including voice user interface industry global market size, regional shares, competitors with a voice user interface market share, detailed voice user interface market segments, market trends and opportunities, and any further data you may need to thrive in the voice user interface industry. This voice user interface market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The voice user interface market size has grown exponentially in recent years. It will grow from $25.25 billion in 2024 to $30.46 billion in 2025 at a compound annual growth rate (CAGR) of 20.6%. The growth in the historic period can be attributed to proliferation of smart devices, accessibility and inclusivity, consumer preference for hands-free interaction, improved speech recognition accuracy, enterprise adoption for productivity.
The voice user interface market size is expected to see exponential growth in the next few years. It will grow to $68.74 billion in 2029 at a compound annual growth rate (CAGR) of 22.6%. The growth in the forecast period can be attributed to continued growth in smart speaker market, globalization and language support, increasing in healthcare applications, customization and personalization, rise of voice-enabled gaming. Major trends in the forecast period include integration into consumer electronics and IoT devices, advancements in natural language processing (NLP), multimodal interfaces and voice-enabled screens, voice commerce and shopping, voice authentication and security, education and e-learning integration.
The increasing adoption of artificial intelligence is anticipated to drive growth in the voice user interface (VUI) market in the coming years. Artificial intelligence refers to the ability of machines to simulate human intelligence. VUI leverages AI technology to facilitate user interaction with various devices. The popularity of voice AI is on the rise, largely due to various third-party platforms that enhance customer experience. Consequently, more companies are integrating AI technology into their growth strategies, which, in turn, is propelling the voice user interface market forward. For example, according to the Global AI Adoption Index 2022 survey conducted by IBM, a US-based technology firm, 13% of organizations were more likely to have adopted AI globally in 2022, with 35% of companies reporting AI usage in their operations, marking a four-point increase from 2021. Thus, the rise in artificial intelligence utilization is a significant driver of growth in the voice user interface (VUI) market.
The increasing popularity of smart homes is expected to drive growth in the voice user interface market in the coming years. Smart homes are residences equipped with connected devices and systems that can be controlled remotely and automated to improve comfort, security, energy efficiency, and overall home management. Voice user interfaces enable residents to interact with and manage various connected devices and systems through voice commands and integration with virtual assistants, thereby enhancing safety and security. For example, in 2023, reports from Smarthomlady.com, a US-based provider of smart home technology information, estimated that 68.6% of active smart home device users in the US would be reported, reflecting a 56.6% increase from 2022. Additionally, it is projected that 53.9% of US households will be automated by the smart home sector by 2023. Therefore, the rising popularity of smart homes is a significant factor driving the growth of the voice user interface market.
Technological advancement is becoming increasingly prominent in the voice user interface market. Leading companies in the industry are concentrating on developing innovative products, such as the Logitech VoiceMouse M380 wireless mouse equipped with speech recognition technology. For example, in March 2024, Nvidia Healthcare, a US-based organization focused on healthcare and life sciences, launched microservices that include optimized NVIDIA NIM(TM) AI models and workflows, along with industry-standard application programming interfaces (APIs). These serve as foundational components for creating and deploying cloud-native applications, offering capabilities in advanced imaging, natural language and speech recognition, as well as digital biology generation, prediction, and simulation.
Major companies in the voice user interface market are creating innovative products, such as voice assistants, which provide a comprehensive solution for device manufacturers and service providers to design intelligent assistants that reflect their brand personality and meet customer needs. For example, in September 2024, SoundHound AI, Inc., a US-based voice recognition company, launched new customization tools aimed at transforming how automotive brands engage with their customers inside vehicles. These new features are currently being tested with select OEM partners of SoundHound. This best-in-class voice assistant combines generative AI capabilities with car controls and real-time data such as flight times, navigation, and weather. As a result, OEMs will be able to implement customizations that cater to their loyal customers while aligning closely with their identity as automakers.
In September 2024, Salesforce, a US-based cloud software company, acquired Tenyx for an undisclosed amount. This acquisition will enhance Salesforce's existing autonomous agent capabilities for Agentforce Service Agent by integrating Tenyx's innovative voice AI solutions, specifically designed for service applications. With Tenyx's expertise, Salesforce aims to enhance its AI-driven solutions, providing more intuitive and seamless customer interactions. Tenyx, a US-based software company, develops AI-powered voice agents that create natural and engaging conversational experiences, thereby transforming customer service.
Major companies operating in the voice user interface market are Apple Inc., Advanced Voice Recognition Systems Inc., Amazon.com Inc., Baidu Inc., Meta Platforms Inc., Google LLC, Microsoft Corporation, Nuance Communication, Samsung Electronics Co. Ltd., SoundHound Inc., CastleOS LLC, Speechly Oy, Zaion SAS, Renesas Electronics Corporation, Charles River Analytics Inc., Kasisto Inc., Kardome Ltd., Fluent.ai Inc., Voxable Inc., Sensory Inc., iFlytek Co. Ltd., HARMAN International, ClearOne, Crestron Electronics Inc., Shure Incorporated, Zoom Video Communications Inc.
North America was the largest region in the voice user interface market in 2024. Asia-Pacific is expected to be the fastest-growing region in the voice user interface market report during the forecast period. The regions covered in the voice user interface market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the voice user interface market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The voice user interface (VUI) market consists of revenues earned by entities through voice assistants and speech recognition devices. The market value includes the value of related goods sold by the service provider or included within the service offering. The voice user interface market also includes sales of hardware and sensors. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Voice User Interface Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on voice user interface market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for voice user interface ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The voice user interface market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.