AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
LONDON, GREATER LONDON, UNITED KINGDOM, February 12, 2025 /EINPresswire.com/ -- Is the AI voice assistants Market Set to Witness Substantial Growth?
An analysis of the global AI in voice assistants market size reveals a surge from $3.54 billion in 2024 to an impressive $4.66 billion in 2025. This signals a compound annual growth rate CAGR of 31.5%. The monumental increase in this period is due to factors such as increased investment in AI research, the prevalent use of voice assistants for health monitoring, a spike in sales of smart speakers, the integrated use of digital assistants in enterprises, and a boom in E-learning.
Get Your Free Sample Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=20483&type=smp
The AI in voice assistants market is all set to witness a further surge. Projections for the market size by 2029 point towards a figure of $13.85 billion, with an expected CAGR of 31.3%. The drivers of this growth include an increased focus on data security and accessibility, rising E-commerce, increased remote work, and the expansion of voice search. Key trends in the forecast period encompass advancements in natural language processing, integration with wearables, voice-activated IoT platforms, integrations of voice assistants with AR and VR applications, and the incorporation of voice assistants in smart city infrastructure.
What Drives The AI voice assistants Market Growth?
The growth of the AI in voice assistants market is further propelled by the increasing adoption of smart homes. This is perceived in growing homeowners' acceptance and integration of smart home technologies and devices. Voice assistants provide a streamlined connection to smart thermostats and other devices, enabling homeowners to control their HVAC systems and other smart devices. This is evident from recent reports which suggest that the penetration of smart homes was around 14% in 2022 and is expected to reach 25% by 2026. Moreover, it is projected that 48.4% of US households will have automation by 2025.
Order Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/artificial-intelligence-ai-in-voice-assistants-global-market-report
Who Are The Key Players In The AI voice assistants Market?
The established market players in the AI voice assistants include 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.
These players leverage AI voice assistants to streamline customer interactions, automate routine tasks, improve customer service, productivity, and accessibility. An illustration of this includes the launch of Oracle's Clinical Digital Assistant in September 2023, integrating AI with voice commands to streamline electronic health record interactions.
The AI in voice assistants market is segmented by deployment mode, application, and industry vertical. Deployment modes include cloud-based and on-premise solutions. Applications span across virtual personal assistants and customer service and support. Industry verticals incorporate consumer electronics, banking, financial services, insurance BFSI, automotive, healthcare, retail and E-commerce, and other industry verticals.
A regional analysis reveals that North America was the frontrunner in the AI in voice assistants market in 2024. Simultaneously, the market report covers other regions like Asia-Pacific, Western Europe, Eastern Europe, South America, the Middle East, and Africa.
Browse for more similar reports-
Voice Biometrics Global Market Report 2025
https://www.thebusinessresearchcompany.com/report/voice-biometrics-global-market-report
Voice User Interface Global Market Report 2025
https://www.thebusinessresearchcompany.com/report/voice-user-interface-global-market-report
Speech and Voice Recognition Global Market Report 2025
https://www.thebusinessresearchcompany.com/report/speech-and-voice-recognition-global-market-report
About The Business Research Company
The Business Research Company is a reputable source with over 15000+ reports spanning 27 industries and 60+ geographies. With 1,500,000 datasets, in-depth secondary research, and unique insights from industry leaders, you get comprehensive, data-rich research and insights to stay ahead in the game.
Contact Us At:
https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email Us At [email protected]
Follow Us On:
LinkedInhttps://in.linkedin.com/company/the-business-research-company
YouTubehttps://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Modelhttps://www.thebusinessresearchcompany.com/global-market-model
Oliver Guirdham
The Business Research Company
+44 20 7193 0708
[email protected]
Visit us on social media:
Facebook
X
LinkedIn
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
