Voice Assistant Application Market Predicted to Grow $11.2 Billion by 2026
October 18, 2021 at 14:25 PM EDT
Northbrook, IL -- (SBWIRE) -- 10/18/2021 -- According to a new market research report "Voice Assistant Application Market with COVID-19 Impact by Component, Deployment Mode, Organization Size, Channel Integration (Websites, Mobile Applications), Application Area (Smart Banking, Connected Healthcare), and Region - Global Forecast to 2026" published by MarketsandMarkets™, the voice assistant application market size projected to grow from USD 2.8 billion in 2021 to USD 11.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 32.4% during the forecast period. Major factors driving the growth of the voice assistant application market include advancements in voice-based AI technologies, rising adoption of voice-enabled devices, increasing focus on customer engagement, and emergence of low-code platforms for voice assistant applications.