Voice assistants have gained immense popularity, especially with the rise of the Internet of Things (IoT). Amazon.com Inc. dominates the voice assistant market with its Echo, closely followed by Google Home in the voice-enabled speaker sector. The surge in IoT adoption has led to a significant increase in connected devices and IoT data generation. In the realm of connected home services, voice assistants are emerging as the primary interface for users, delivering personalized services through voice commands. This shift is transforming the way customers interact with devices, providing a seamless user experience that maximizes the value of connected devices and enhances customer service.
Integrating artificial intelligence (AI) with IoT-connected devices is seen as a pivotal development, creating new opportunities for market players. The evolution of voice assistants in connected devices marks a technological advancement. While initially confined to smartphones for voice recognition, voice assistants now extend across various devices. Looking ahead, devices like thermostats, cars, refrigerators, televisions, and security systems are anticipated to be controlled through voice assistants.Â
The global adoption of IoT has reached every corner of the world, with over 50% of homes in certain continents having at least one IoT device. However, the popularity of device types and manufacturers varies by location. North American homes, for instance, exhibit a prevalence of internet-connected TVs and streaming devices, whereas South Asian homes have a mere 3%, primarily using surveillance cameras. IoT advancements have seamlessly integrated voice assistants into virtually all connected devices, allowing them to move from room to room without requiring a voice-capable device in each location. Siri and other assistants are commonly employed for tasks such as controlling music, checking the weather, and speech-based searches, with a majority of users engaging with these features.
Covered Aspects:Report Attribute/Metric | Details |
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Market Opportunities | Emerging demand for smart homes and the development of smart cities Growing demand for AI-based digital voice assistant applications across various industry verticals |
Market Dynamics | Increased advancements in voice-based AI technologies Surging adoption of voice-enabled devices Enhanced focus on customer engagement |
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