Voice commerce market will witness tremendous growth by 2031 –

DataM Intelligence has published a new research report on “Voice Commerce Market Size 2024”. The report examines comprehensive and insightful information on various key factors such as regional growth, segmentation, CAGR, business revenue status of key players and drivers. The purpose of this report is to offer a telescopic overview of the current market size by value and volume, opportunities, and development status.

Get a free sample PDF for your research – https://datamintelligence.com/download-sample/voice-commerce-market

The Voice Commerce Market report mainly focuses on market trends, historical growth rates, technologies, and the changing investment structure. Furthermore, the report showcases the latest market insights, increasing growth opportunities, business strategies, and growth plans of the key players. Furthermore, it includes an analysis of current market dynamics, future developments, and Porter’s Five Forces analysis.

Voice commerce is the use of speech recognition technology to search for products, shop, and conduct transactions through voice-enabled devices such as smart speakers and virtual assistants like Amazon’s Alexa, Google Assistant, and Apple’s Siri. This technology enables users to perform shopping activities hands-free by issuing voice commands, providing a convenient and seamless shopping experience. Voice commerce uses natural language processing (NLP) to understand and execute user commands, making it easier for consumers to browse products, compare prices, and complete purchases. As voice technology advances, voice commerce is becoming an increasingly significant trend in retail, providing both consumers and businesses with a more efficient and intuitive way to conduct e-commerce.
Projected growth:

The global Voice Commerce Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

List of major players in Voice Commerce Market:

Amazon.com, Inc., Google, Apple Inc., Microsoft, Adobe, Algolia, edrone LLC, yippy LLC, Samsung and NVIDIA Corporation.

Segment covered in Voice Commerce Market:

By type: smart speaker, voice assistant, virtual digital assistant.

By application: personal care, electronics, household appliances, food, arts and crafts.

By end user: Travel, Hospitality, Entertainment, Other.

Regional analysis:

The global voice commerce market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, Middle East and Africa.

Customize the report to suit your needs: https://datamintelligence.com/customize/voice-commerce-market

Regional analysis:

The global Voice Commerce Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, Middle East and Africa. The report offers detailed insights into new product launches, new technological developments, innovative services, and ongoing R&D. The report discusses qualitative and quantitative market analysis including PEST analysis, SWOT analysis, and Porter’s Five Forces analysis. The Voice Commerce Market report also offers basic details such as raw material sources, distribution networks, methods, production capacities, industry supply chain, and product specifications.

Chapter overview:

Chapter 1: Introduces the scope of the report, provides a summary of the various market segments (by region, product type, application, etc.), including the market size of each market segment, future development potential, etc. It provides a comprehensive overview of the current state of the market and its likely development in the short, medium and long term.

Chapter 2: Key findings, important new trends, etc.

Chapter 3: Manufacturers Competitive Analysis, detailed analysis of Voice Commerce manufacturers’ competitive environment, revenue market share, current development plan, merger and acquisition information, etc.

Chapter 4: Provides profiles of the key players and introduces in detail the basic situation of the major companies in the market, including product revenue, gross margin, product launch, recent development, etc.

Chapters 5 and 6: Voice Commerce Revenue at regional and country level. It provides quantitative analysis of market size and development potential of each region and its major countries, and introduces market development, future development prospects, market space and market size of each country in the world.

Chapter 7: Provides an analysis of various market segments by type, covering market size and development potential of each market segment to help readers locate the Blue Ocean market in different market segments.

Chapter 8: Provides an analysis of various market segments by application, covering market size and development potential of each market segment to help readers locate the Blue Ocean market in various downstream markets.

Chapter 9: Analysis of the industry chain, including upstream and downstream areas of the industry.

Chapter 10: Key points and conclusions of the report.

Get a free PDF sample copy of the report @ https://datamintelligence.com/download-sample/voice-commerce-market

FAQ

How big is the voice commerce market?

The voice commerce market was valued at $108.33 billion in 2023. It is expected to reach $586.3 billion by 2031.

How fast is the voice commerce market growing?

The voice commerce market is expected to grow at a compound annual growth rate (CAGR) of 27.28% during the forecast period 2024-2031.

Read latest blog: https://www.datamintelligence.com/blogs/top-10-process-automation-companies-worldwide

Company name: DataM Intelligence
Contact: Sai Kiran
Email: [email protected]
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com

DataM Intelligence is a market research and consulting company that provides end-to-end business solutions to companies from research to consulting. We at DataM Intelligence leverage our key brand trends, insights and developments to provide quick and smart solutions to clients like you. We offer a variety of syndicated reports and customized reports with a robust methodology.
Our research database contains countless statistics and in-depth analysis on a wide range of more than 6,300 reports in more than 40 domains, creating business solutions for more than 200 companies in more than 50 countries and addressing the key business research needs that influence the growth curve of our vast clientele.

This press release was published on openPR.