2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

What Are the Primary Drivers Supporting the Market Growth of theVoice Commerce Market?

The growth of the voice payment software market is expected to be driven by the increasing preference for mobile payments. Mobile payments are becoming popular due to their convenience, security, and faster checkout times. Voice payment software enhances this experience by allowing secure, hands-free transactions. For example, in September 2023, Octal IT Solutions predicted that mobile payments in the USA would increase from $502 billion in 2020 to $755 billion by 2024. The growing preference for mobile payments will drive the growth of the voice payment software market.

Get Your Free Sample Report Now – Explore Exclusive Market Insights:

https://www.thebusinessresearchcompany.com/sample.aspx?id=15959&type=smp

#What Long-Term Growth Rate is Expected for theVoice Commerce Market Between 2025 and 2034?

The voice commerce market has seen exponential growth in recent years. It will rise from $116.83 billion in 2024 to $151.39 billion in 2025, at a CAGR of 29.6%. This growth is driven by the increasing popularity of online shopping, changes in consumer search and shopping habits, higher penetration of online businesses, the proliferation of social media and smartphones, and the growing demand for contactless shopping.

The voice commerce market is expected to grow exponentially, reaching $421.7 billion by 2029 at a CAGR of 29.2%. Growth is driven by the increased adoption of voice assistants and voice-enabled devices, enhanced customer engagement, and applications in various sectors. Trends include the integration of e-commerce platforms with voice technologies and AI advancements.

You can Directly Purchase the Report Here:

https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=15959

What Are the Latest Innovations Influencing theVoice Commerce Market?

Major companies in the voice commerce market are focusing on developing innovative products, such as AI-powered voice assistants, to enhance user experience and streamline shopping. AI-powered voice assistants use AI technologies like natural language processing (NLP) and machine learning to understand and respond to voice commands. For example, Haptik, an India-based software company, launched Buzzo, an AI-powered voice assistant designed to improve digital shopping on e-commerce websites and apps. The assistant uses Haptik’s natural language understanding (NLU) and product metadata to offer personalized recommendations similar to an in-store sales agent.

Who Are the Major Industry Players Accelerating Growth in theVoice Commerce Market?

Major companies operating in the voice commerce market are Amazon.com Inc., Apple inc., Alphabet Inc., Google LLC, Samsung Electronics Co., Alibaba Group Holding Ltd., Sony Corp., Salesforce Inc., Baidu Inc., Adobe Inc., Twilio Inc., Vizio Inc., Sonos Inc., BigCommerce Pty. Ltd., Algolia Inc., Agora.io, iAdvize Inc., SoundHound Inc., Ferns N Petals Pvt. Ltd., Edrone Ltd., Humanize LLC, Yoshai Ltd., Voicify LLC, Jetson AI Inc.

Order Your Report Now For A Swift Delivery:

https://www.thebusinessresearchcompany.com/report/voice-commerce-global-market-report

Which Primary Segments of the Voice Commerce Market Are Driving Growth and Industry Transformations?

The voice commerce market covered in this report is segmented –

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

Subsegments:

1) By Smart Speaker: Amazon Echo, Google Home, Apple HomePod, Others

2) By Voice Assistant: Google Assistant, Amazon Alexa, Apple Siri, Microsoft Cortana

3) By Virtual Digital Assistant: AI-Based Assistants, Chatbots

Gain Exclusive Market Insights—Customize Your Research Report Today for Fast Delivery!

https://www.thebusinessresearchcompany.com/customise?id=15959&type=smp

Which Regions Are Key Players in the Growth of the #What Are the Primary Drivers Supporting the Market Growth of theVoice Commerce Market?# 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.

Browse Through More Reports Similar to the Global Voice Commerce Market 2025, By The Business Research Company:

Voice User Interface Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/voice-user-interface-global-market-report

Digital Voice Recorder Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/digital-voice-recorder-global-market-report

Voice Assistant Application Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/voice-assistant-application-global-market-report

About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at [email protected]

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: