High,Penetration,Internet,Expe business, insurance High Penetration of Internet is Expected to Boost the Voice
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The non-identical approach of Meridian Market Consultants stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.Voice User Interface Market DynamicsVoice user interface is a technology where the user interaction with the devices is very low all the tasks are carried out through voice command.Rapid technological advancements in electronic devices, high penetration of the internet in developing countries, and manufacturers approach towards the introduction of the innovative solutions are some factors driving the growth of the global voice user interface market. Consumers are becoming more technology-oriented and their approach towards system interaction is changing. Speech command over manual interaction with the system is gaining traction.Moreover, increasing adoption of smartphones in developed and developing countries, with the availability of 3G and 4G internet services and the introduction of innovative virtual assistants in mobile phones such as Siri, and Google Assistant from mobile manufacturers are among other factors expected to boost the target market growth. According to India Brand Equity Foundation, Internet penetration in India grew from just 4% in 2007 to 34.42% in 2017. In the first quarter of 2018 overall internet penetration in India was 38.02%. Smartphone shipments in India increased by 14% year-on-year to reach 124 Mn units in 2017, thereby making it the fastest-growing market of the top 20 smartphone markets in the world. In January-March 2018, shipments increased 11% year-on-year to 30 Mn units.With the advent of artificial intelligence across various industry verticals, coupled with inclination towards lowering direct user interaction with the device by shifting to the hand-free user interface are some factors expected to impact the market growth positivelyThe global voice user interface market in 2018 is accounted for more than US$ xx Bn and expected to reach a value of US$ XX Bn by 2027 with a significant CAGR of around XX % over the forecast period of 2019-2027.To know the latest insights, qualitative data, trends, quantitative data, and more related to Global Voice User Interface Market, visit: https://www.meridianmarketconsultants.com/global-voice-user-interface-marketThe steady rise in the population adopting smart technology such as phones, tablets, and other virtual assistance devices, along with the availability of required infrastructure to support the adoption of these devices is another factor supporting the growing traction for the voice user interface market. Furthermore, growing demand for the smart navigation systems in cars, smart voice interface system in schools/playgroups, smart voice assistance systems in hospitals to easy user interaction are among other important factors expected to favor the market growth to a certain extent.The global voice user interface market is segmented based on technology, industry vertical, and region. Based on the technology, the voice user interface market is segmented as AI-Based and Non-AI Based. Based on industry vertical, the global market is segmented as automotive, BFSI, consumer, education, enterprise, government, healthcare, legal, military, retail, and others.On the basis of TechnologyAI-BasedNon-AI BasedOn the basis of Industry VerticalAutomotiveBFSIConsumerEducationEnterpriseGovernmentHealthcareLegalMilitaryRetailOthersVoice User Interface Market Regional SegmentationBased on region, the global voice user interface market is segmented into six regions namely North America, Latin America, Asia Pacific, Europe, Middle East, and Africa. North America's voice user interface market is expected to be the most dominating market throughout the forecast period due to increasing demand from various end-users such as Automotive, BFSI, Consumer, Education, etc. In addition, the presence of players operating in the country such as the US along with the introduction of innovative products is expected to further support regional growth.Read More News From Global Voice User Interface Market @ https://meridianmarketconsultants.com/pressrelese/global-voice-user-interface-marketThe presence of key players in Europe makes it the second-largest market for the voice user interface. Asia Pacific voice user interface market is expected to witness the highest growth rate due to the increasing number of local electronic manufacturers in China and India providing new products. In addition, the flourishing e-commerce sector, increasing consumer electronic sales in developing countries, and the availability of high-speed internet are some factors expected to support the regional market growth.Moreover, major players are inclining towards shifting the manufacturing units to developing countries owing to the easy availability of raw material and low labor cost which will aid in introducing new cost-effective products which in turn is expected to boost the market growth in the Asia Pacific.Voice User Interface MarketCompetitive LandscapeThe global market for the voice user interface is dominated byAgnitio S.L., Advanced Voice Recognition Systems, Inc., Apple, Inc., Baidu, Inc., Amazon, Inc., BioTrust ID B.V., CastleOS Software, LLC, Facebook, Inc., Google, Inc. and Microsoft Corporation.
High,Penetration,Internet,Expe