Future Market Insights
The voice activated smart assistant gadgets not only gaining popularity but also setting a niche for itself in the market, thanks to growing automation and digitalization. One of the classic examples of voice activated gadgets is ‘Alexa’ which can recognize multiple voice commands from multiple users. Increasing dependence on artificial intelligence is expected to provide impetus to the growth in the global voice activated smart assistant gadgets market.
Amazon Echo 5 and Lenovo Smart Clock Enhances Growth
In the era smart phones, smart keys, and smart homes, why not deploy a smart assistant. Yes, voice activated smart assistant are our future assistants, they are already entering the market with a big bang.
Amazon has introduces Echo 5 a Lenovo has introduced smart clock that can be used at your bedside. Both the products are similar, but, using different voice assistants. Amazon uses Alexa to help with voice assistance. Lenovo uses Google assistance to help with voice activated assistance. Both are similar yet unique, Amazon is extensive in features and Lenovo is slightly minimalist by respecting your bedrooms space.
This seems to be a tough competition between the companies; however the choice is at consumer’s discretion. Nonetheless, this may aid in contributing growth to the global voice activated smart assistant gadgets.
Voice Assisted Wallet Promotes Market
The key to success these days being smarter than ever before. Wallets are often ignored and lost, but, ever thought of smart wallet. Recently, Ekster has developed a voice assisted wallet which can function on both Google and Alexa. Also, it can be traced without the help of Bluetooth in case of loss. The wallet can be traced if you have linked it with Google or Alexa. The smart phone can be used to give a voice command to locate the wallet. Such an smart innovation might help in the growth of the of global voice activated smart assistant. The competitors may add extra features and come up with new innovations in the product line.
To eliminate the use of switches, button, and to further facilitate ease to the user, voice-activated smart assistant gadgets/devices are being deployed. These devices are controlled by human voice and also assist human, in operating connected devices and appliance, while doing other tasks.
Voice-activated smart assistant gadgets/devices are intelligent enough to understand multiple voices, accents. The devices are also capable to respond many commands at a time. Voice-activated smart assistant gadgets/devices are helping humans to reduce their day to day work, just by listening voice command and articulating voice command into action.
Voice-Activated Smart Assistant Gadgets/Devices Market: Drivers and Restraints
Natural language processing integrated with artificial intelligence are assisting human in carrying out various activities such as switching on/off lights and other routine work, therefore, to facilitate easy management, the demand for voice-activated smart assistant gadgets/devices market is expected to spur in recent years.
Also, voice-activated smart assistant gadgets/devices are used in operating other gadgets such as the computer, laptops, washing machine, and mobile. So to enhance user interaction with the machine the demand for voice-activated smart assistant gadgets/devices is expected to rise in forth coming years.
Owing to the emergence of Internet of Things, the opportunity for the machine to machine and machine to human interaction has been increased, which is anticipated to open new growth opportunities for voice-activated smart assistant gadgets/devices market in the forthcoming period.
In addition, the increase in adoption of smart home concept globally is another major factor eliciting the demand for the voice-activated smart assistant gadgets/devices market during the forecast period.
Global Voice-Activated Smart Assistant Gadgets/Devices Market: Market Segmentation
Global Voice-Activated Smart Assistant Gadgets/Devices Market can be divided into three segments, on the base of Technology, End-use Application, and Region.
Segmentation on the basis of the technology for Voice-Activated Smart Assistant Gadgets/Devices Market as:-
The major segments of Voice-Activated Smart Assistant Gadgets/Devices Market on the basis of the technology include:
Voice Recognition Technology
Natural Language Processing
Segmentation on the basis of the end-use application for Voice-Activated Smart Assistant Gadgets/Devices Market as:-
The major segments of Voice-Activated Smart Assistant Gadgets/Devices Market on the basis of the End-use Application include:
Institutional Areas such as School, Colleges
Global Voice-Activated Smart Assistant Gadgets/Devices Market: Regional Trend
North America region is expected to dominate the Voice-Activated Smart Assistant Gadgets/Devices market due to the presence of major players associated with voice-activated smart assistant gadgets/devices providers, also, countries in respective region such as U.S are fast adopter of new and smart technology, which is further anticipated to drive the demand for voice-activated smart assistant gadgets/devices market.
Asia Pacific is expected to the spectator a significant growth in the voice-activated smart assistant gadgets/devices market, owing to the surge in demand for the interactive device and increase in IoT device connection in various application such as office and residence is the major factor responsible for the market growth in the respective region.
Global Voice-Activated Smart Assistant Gadgets/Devices Market: Competitive Landscape
The major player operating in Voice-Activated Smart Assistant Gadgets/Devices market includes Amazon.com, Inc., Artificial Solutions, Apple Inc., Honeywell Corporation, Samsung Electronics Co., Ltd., Google Corporation, Interactive Voice Inc., Athom B.V., IBM Corporation, and Nuance Communications, Inc.
In 2014, Amazon.com, Inc. launched Echo, voice activated device, which capable of giving information, play music, give information regarding day to day news, sports scores, and weather information.
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