PUBLISHER: The Business Research Company | PRODUCT CODE: 1713511
PUBLISHER: The Business Research Company | PRODUCT CODE: 1713511
Artificial intelligence (AI) in voice assistants involves using advanced algorithms and machine learning techniques to enable devices to understand, interpret, and respond to spoken language. This technology allows voice assistants to carry out tasks, answer questions, and interact with users in a conversational manner. It works by processing voice commands, recognizing speech patterns, and continually learning from user interactions to enhance accuracy and functionality over time.
The primary deployment modes in the AI voice assistants market are cloud-based and on-premise. Cloud-based voice assistants operate over the internet, using remote servers to process and store data. Applications for AI voice assistants include virtual personal assistants and customer service support, with industry verticals encompassing consumer electronics, banking, financial services and insurance (BFSI), automotive, healthcare, retail and e-commerce, among others.
The AI in voice assistants market research report is one of a series of new reports from The Business Research Company that provides AI in voice assistants market statistics, including the AI in voice assistants industry global market size, regional shares, competitors with AI in voice assistants market share, detailed AI in voice assistants market segments, market trends, and opportunities, and any further data you may need to thrive in the AI in voice assistants industry. These AI in voice assistants market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The artificial intelligence (AI) in voice assistants market size has grown exponentially in recent years. It will grow from $3.54 billion in 2024 to $4.66 billion in 2025 at a compound annual growth rate (CAGR) of 31.5%. The growth in the historic period can be attributed to growth in investment in AI research, increase use of voice assistants for health monitoring, rise in sales of smart speakers, rise in use of digital assistants in enterprise, and growth in E-learning.
The artificial intelligence (AI) in voice assistants market size is expected to see exponential growth in the next few years. It will grow to $13.85 billion in 2029 at a compound annual growth rate (CAGR) of 31.3%. The growth in the forecast period can be attributed to rising focus on data security, increasing focus on accessibility, rising E-commerce, increasing remote work, and expansion of voice search. Major trends in the forecast period include advancements in natural language processing, integration with wearables, voice-activated IoT platforms, integration of voice assistants with AR and VR applications, and integration of voice assistants in smart city infrastructure.
The growing adoption of smart homes is expected to drive the expansion of the AI in voice assistants market. Smart homes involve the increasing acceptance and integration of connected and automated technologies within households. These technologies offer convenience and control over various home systems and devices. AI-powered voice assistants play a key role in smart homes, enabling users to manage their heating, ventilation, air conditioning (HVAC) systems, and other smart devices through voice commands. For example, reports from IoT For All, a US-based technology media platform, indicate that smart home penetration was around 14% in 2022 and could reach 25% by the end of 2026. Additionally, 48.4% of US households are expected to have automation by 2025. This rising adoption of smart homes is fueling the growth of the AI in voice assistants market.
Leading companies in the AI in voice assistants market are incorporating AI voice assistants into their operations to improve customer interactions, automate routine tasks, and enhance overall efficiency. These voice assistants utilize natural language processing to interpret and respond to spoken commands, which boosts customer service, productivity, and accessibility across various industries. For instance, Oracle, a US-based software company, launched its Clinical Digital Assistant in September 2023. This tool integrates generative AI with voice commands to streamline interactions with electronic health records, allowing healthcare providers to focus more on patient care. It also enables patients to manage their healthcare tasks and access information through voice commands and secure web chats.
In March 2022, Microsoft, a US-based software development firm, acquired Nuance Communications Inc. for $19.7 billion. This acquisition aims to integrate Nuance's advanced conversational AI and ambient intelligence with Microsoft's secure, industry-specific cloud services. The goal is to enhance personalized customer experiences and productivity across various sectors. Nuance Communications Inc. specializes in speech recognition and AI-driven conversational solutions, including AI voice assistants.
Major companies operating in the artificial intelligence (AI) in voice assistants market are Apple Inc., Google LLC, Samsung Electronics Co. Ltd., Microsoft Corporation, Alibaba Group Holding Limited, Huawei Technologies Co. Ltd., Tencent Holdings Ltd., Amazon Web Service, Sony Group Corporation, International Business Machines Corporation, Cisco Systems Inc., Orange S.A., Oracle Corporation, Baidu Inc., Yandex LLC, iFLYTEK Co. Ltd., Sonos Inc., Nuance Communications Inc., Verint Systems Inc., SoundHound Inc., Rasa Technologies Inc., Cognigy GmbH, Deepgram, Pypestream Inc., VoiceOwl Bot Private Limited, Vokaturi B.V
North America was the largest region in the AI in voice assistants market in 2023. The regions covered in the artificial intelligence (AI) in voice assistants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the artificial intelligence (AI) in voice assistants market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The AI in voice assistants market consists of revenues earned by entities by providing services such as natural language processing (NLP), speech recognition, virtual personal assistants (VPAs), and integration with smart devices. The market value includes the value of related goods sold by the service provider or included within the service offering. The AI in voice assistants market also includes sales of smart speakers, smart displays, and smart wearables. 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.
Artificial Intelligence (AI) In Voice Assistants 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 artificial intelligence (ai) in voice assistants 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 artificial intelligence (ai) in voice assistants ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The artificial intelligence (ai) in voice assistants 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.