2024-2033 Global Voice Commerce Market Outlook: Projected Size and Growth Rate
Save up to 30% on The Business Research Company’s comprehensive market research reports for a limited time only!
What is the Expected Growth Rate of the Voice Commerce Market from 2024 to 2033?
The voice commerce market has also seen remarkable growth, projected to increase from $90.54 billion in 2023 to $116.83 billion in 2024, achieving a CAGR of 29.0%. This expansion is attributed to the growing popularity of online shopping, changes in consumer search and shopping habits, the rise of online businesses, increased smartphone and social media usage, and heightened demand for contactless shopping.
The voice commerce market is expected to grow exponentially, reaching $326.69 billion by 2028 at a CAGR of 29.3%. This growth is fueled by the increasing adoption of voice assistants and voice-enabled devices, a focus on enhancing customer engagement, growth in the authentication market, a rise in voice-based searches, and applications in sectors like retail, banking, smart homes, healthcare, and automobiles. Key trends include the integration of e-commerce platforms with voice technologies, innovative tech like AI, advancements in natural language processing, demand for connected devices, and automation of shopping through voice assistants.
Claim Your Free Sample of the Global Voice Commerce Market Report Today!
https://www.thebusinessresearchcompany.com/sample.aspx?id=15959&type=smp
What Key Factors Are Fueling the Growth of the Voice Commerce Market?
The increasing demand for e-commerce is set to enhance the voice commerce market. E-commerce involves buying and selling goods online, driven by secure payment methods, home delivery options, and enhanced customer experiences. Voice commerce simplifies shopping by enabling hands-free browsing and purchasing, increasing customer satisfaction. The International Trade Administration reported that Canadian e-commerce sales are projected to rise from about $2.34 billion in March 2022 to $40.3 billion by 2025, illustrating how growing e-commerce demand supports the voice commerce market.
What Are the Major Segments of the Voice Commerce Market?
1) By Type: Smart Speaker, Voice Assistant, Virtual Digital Assistant
2) By Application: Personal Care, Electronics, Household Appliances, Groceries, Arts Crafts, Other Applications
3) By End-User: Travel Industry, Hospitality Industry, Entertainment Industry, Other End-Users
What New Trends Are Transforming the Voice Commerce Market?
Companies are creating AI-powered voice assistants to improve user shopping experiences. For example, Haptik launched Buzzo, a voice assistant that uses natural language understanding to provide personalized shopping recommendations.
Order Now for Fast Delivery of Your Voice Commerce Market Report!
https://www.thebusinessresearchcompany.com/report/voice-commerce-global-market-report
Which Regions Are Driving Growth in the Voice Commerce Market?
North America was the largest region in the voice commerce market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the voice commerce market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Voice Commerce Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the voice commerce market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Voice Commerce Market Include
1. Voice Commerce Market Executive Summary
2. Voice Commerce Market Segments
3. Voice Commerce Market Size And Template Market Growth Rate
4. Key Voice Commerce Market Trends
5. Major Voice Commerce Market Drivers
……
25. Key Mergers And Acquisitions In The Voice Commerce Market
26. Top Voice Commerce Companies
27. Voice Commerce Market Opportunities And Strategies
28. Voice Commerce Market, Conclusions And Recommendations
29. Appendix
Discover Related Reports by The Business Research Company:
Voice Prosthesis Devices And Equipment Global Market Report 2024
Voice Prosthesis Devices And Equipment Global Market Report 2024
Speech And Voice Recognition Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/speech-and-voice-recognition-global-market-report
Learn More About The Business Research Company
The Business Research Company has published over 15000+ reports in 27 industries, spanning 60+ geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on:
