Future Market Insights
Global Smart Personal Assistance Devices Market: Overview
The increasing trend of automation in the service-based sector is driving the global smart personal assistance devices market significantly. The continuously rising penetration of smartphones, together with the integration of IoT with AI, is also boosting the growth of this market remarkably. Now, as the proliferation of AI and robotics has substantially increased in the medical and healthcare sector, the demand for smart personal assistance devices is likely to augment in this sector over the next few years.
Apple Home Kit, Google Home, Amazon Alexa are the main personal assistance devices available in this market.
With swift urbanization and an increase in per capita income in emerging regions, such as Asia Pacific, the demand for smart personal assistance devices will rapidly increase in the forthcoming years. Smart speakers, chatbots, and various other smart devices are expected to witness high demand over the next few years. The banking, retail, insurance, commercial, residential, and consumer goods sectors have surfaced as the main end users of smart personal assistance devices market. While chatbots are finding extensive application in the banking industry as tale-callers and voice process operators, smart speakers are mainly utilized in smart homes.
Smart personal assistance devices are used in order to connect with the different smart devices present in the home environment. These smart personal assistance devices include smart home kits, smart speakers, smart glasses etc. in order to help people get things done in the real world. Smart device makers offer home kits or smart personal assistance devices in order to provide a smarter experience by offering innovative solutions.
Amazon’s Echo is one of the leading products in smart personal assistance market as it provides smart hub. Echo is connected to the voice-controlled personal assistant service called Alexa. Google Home is another product in smart personal assistance market, which is a smart speaker that enables users to speak voice instructions to interact with services through the home's intelligent personal assistant called Google Assistant. It integrates with home automation features to control various smart home appliances.
Currently, these smart appliances are assistant-enabled, and there is a possibility of also embedding this digital assistant Artificial intelligence based technology in order to offer innovative smart home solutions. Presence of prominent players in personal assistance market is expected to drive growth of smart personal assistant devices market.
Smart Personal Assistance Devices Market: Market Dynamics
High network connectivity and rising need to increase consumer accessibility are expected to drive the smart personal assistance devices market.
The rise in compatibility issues and increased power consumption can hamper the growth of smart personal assistance devices market.
Growing usage of the fitness tracker, smart glasses, and other smart devices are creating opportunities for smart personal assistance devices Market.
Global Smart Personal Assistance Devices Market: Market Segmentation
Smart Personal Assistance Devices market segmented by devices and region.
Segmentation by devices in Smart Personal Assistance Devices market:
Apple Home Kit
Global Smart Personal Assistance Devices Market: Competition Landscape
Few prominent players in Smart Personal Assistance Devices market includeGoogle Inc., Apple Inc. Amazon.com, Inc, Microsoft Corporation and Samsung Electronics Co., Ltd etc.
Smart Personal Assistance Devices Market: Regional Outlook
The market in North America is anticipated to witness major growth owing to various technological developments in this region. The willingness of customers to implement newer technologies has encouraged manufacturers in this region to develop smart personal assistance devices. Europe and Asia Pacific are estimated to contribute in the near future owing to increasing consumption of connected consumer electronics. Latin America and MEA are expected to contribute significantly over the forecast period.
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