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Voice User Interface Market Share

Report ID: GMI10270
Published Date: Jul 2024
Report Format: PDF

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Voice User Interface Market Share

Amazon (Alexa) and Google (Google Assistant) hold a significant share of over 45% in the voice user interface industry. Amazon Alexa held a major market share in the VUI industry owing to early entry, strong ecosystem mix with smart home devices and continuous innovations. Alexa's wide range of skills, seamless voice recognition capabilities, and compatibility with numerous third-party applications have propelled its adoption. Amazon's strategic partnerships, and global presence further solidify Alexa’s position as a leader in the VUI market, leading to an increased adoption by consumers and developers.

Google held a significant market share in the Voice User Interface (VUI) market owing to the integration of Google Assistant across multiple devices including smartphones, smart speakers, and smart home devices. Leveraging its advanced AI capabilities ahead and using a broad ecosystem, Google offers seamless voice communication, personalized recommendations, and integration with popular services. Google's leading position in the VUI industry is strongly founded by the widest adoption and user-oriented approaches.

Voice User Interface Market Companies

Major players operating in the voice user interface industry are:

Amazon
Google Corporation
Apple
Microsoft Corporation
Samsung Corporation
IBM Corporation
Baidu

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size of voice user interface reached USD 16.5 billion in 2023 and is set to witness over 20% CAGR between 2024 and 2032, led by increasing demand for hands-free operation and the rising popularity of voice assistants.

The solution segment in the voice user interface industry is expected to reach USD 57.5 billion by 2032, due to the spread of VUI technology across industries and the popularity of smart devices.

North America market accounted for 30% revenue share in 2023, owing to the popularity of smart devices, AI advancements, and supportive regulations.

Amazon, Google Corporation, Apple, Microsoft Corporation, Samsung Corporation. IBM Corporation, and Baidu.