Voice Assistant Market Outlook 2026 By Technology, Size, Share, Trends, Opportunity and Forecast
According to TechSci Research, Global voice assistant market is projected to exhibit a CAGR of over 30% during the forecast period, growing from $ 1.4 billion in 2019 and further in next five years, on account of increasing proliferation of smartphones and advanced features such as ability to recognize different languages, respond via text or voice. Voice assistants are programs that can perform a variety of tasks ranging from placing an order online to scheduling an appointment. Voice assistant has application in various end user verticals, such as Large Enterprise, SME and Individual Users. Global voice assistant market can be segmented based on technology, application and end user. On the basis of technology, the market can be segmented into speech recognition, text to speech recognition, voice recognition and natural language processing. Text to speech recognition is the leading segment in global voice assistant market, as it makes easier for customers to interact with smartp...