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Voice User Interface Market Trends

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

Voice User Interface Market Trends

One of the major trends in voice user interface industry is integration with smart devices, as more consumers are rapidly adopting smart home technologies, from smart speakers to smart thermostats and lighting systems. This increases the demand for VUI systems, making it easier to interact with various smart devices and ensuring a smooth user experience. In the coming period, companies will focus on developing more compatible and integrated VUI solutions to enhance user satisfaction.
 

For example, in July 2022, Xiaomi launched Xiaomi Smart Speaker, which comes with an inbuilt infrared emitter and has an LED clock display. Since Xiaomi's smart speaker is enabled with Google Assistant, one can control all the smart devices in the house through it with the help of voice assistant functionality. All these settings have been incorporated in the Mi Home app.
 

The proliferation of voice-activated services in industries, such as healthcare, retail, automotive, and banking, is a notable trend. Businesses are applying VUI technology to improve customer engagement and smoothen operational activities with the help of hands-free services. This trend is expanding the VUI market as more businesses recognize the potential of voice technology to enhance user experience and operational efficiency.
 

Integrating voice biometrics and enhanced security features into VUI systems is a growing trend. As privacy and security concerns rise, companies are incorporating voice authentication technologies to ensure secure access and protection of user data. Sophisticated biometrics add an extra layer of security, making VUI systems more reliable & trustworthy for critical applications such as banking and healthcare.
 

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.

Voice User Interface Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 25
  • Tables & Figures: 305
  • Countries covered: 21
  • Pages: 210
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