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With such a surge in this market, a large number of businesses are raring to make it a part of their operations.
adults were using smart speakers as of January 2020.Īs of the 3 rd quarter of 2019, Amazon was leading the smart speaker market with 10.4 million units over Alibaba (3.9 mil), Baidu (3.7 mil), Google (3.5 mil), and others.
The global voice assistant market is forecasted to show a growth of 30% from 2018 $1.2 billion to $5.4 billion in 2024.Īs per a recent consumer survey, it has been observed that 87.7 million U.S. These voice assistants are essentially based on voice recognition (of course), NLP, and synthesis of speech. CA lot of us must have heard of voice assistants like Alexa, Siri, Google Assistant, and Cortana (and probably heard from them too).
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