Voice Control Smart Home Platforms Market - Global Industry Analysis 2014 - 2018 and Forecast 2019 - 2029


Voice Control Smart Home Platforms  Market
  • To Be Published : Sep-2020 |
  • Status : Work in progress |
  • Format : Voice Control Smart Home Platforms  Market Voice Control Smart Home Platforms  Market Voice Control Smart Home Platforms  Market Voice Control Smart Home Platforms  Market

Smart devices played an essential part in daily human life. Voice is the most direct and straightforward way for people to convey their requirement. Voice control smart home platforms is an act of using programming and devices through a network to control home function for a better quality of life. The voice control smart home platforms services provided include personalized calendar, weather forecast, alarms, and new report reminders. The technology which brought a revolution in the field of automation is IoT (internet of things). Voice control smart home platforms use electronic networking technology to integrate the various appliances and devices found in all building, offices, and homes.

Voice Control Smart Home Platforms Market: Drivers & Challenges

Drivers

The increasing proclivity towards automation and IoT is fueling the voice control smart home platforms market. The growing demand for smartphones is also fueling the voice control smart home platforms market. The technology platform is developing exceptionally quickly with the integrating assistants into headphone and cars and the introduction of new devices. Amazon was the first tech company to produce smart speakers a new accessible way to regulate your music with your voice.

Challenges

The technology is growing with the opportunities and new smart home devices in the market. One of the significant challenges for voice control smart home platforms is to concentrate on the services of a marketing issue, vendor preference, implementation, and business process services. Increased number of applications under the internet of things is a significant challenge for voice control smart home platforms market.   The amount of both smart home service sets and some advance smart home devices are frequently viewed as too high for mass adoption. The demand for voice control smart home platforms will attract multiple vendors to enter the market over the predicted time.

Voice Control Smart Home Platforms Market: Segmentation

The Voice Control Smart Home Platforms market has been segmented on the basis of component, type, technology type, and region.

The Voice Control Smart Home Platforms market is segmented on the basis of Technology type:

  • Speech Recognition
  • Text-To-Speech Recognition
  • Voice Recognition

The Voice Control Smart Home Platforms market is segmented on the basis of Component:

  • Software
  • Hardware

The Voice Control Smart Home Platforms market is segmented on the basis of End-Users:

  • Individual Users
  • SMEs
  • Large Enterprises

Voice Control Smart Home Platforms Market: Competition Landscape

Some of the prominent players manufacturing voice control smart home platforms are Cantab Research (UK), Nuance (US), Microsoft (US), iflytek (China), Alphabet (US), Amazon (US), IBM (US), Sensory (US), Raytheon BBN Technologies (US), and Baidu (China), Google, SK Telecom,

Voice Control Smart Home Platforms Market: Regional overview

Based on the region, many prominent players of voice control smart home platforms are present in North America and the Asia Pacific due to the increasing focus on latest technological advancements such as the internet of things (IoT), and the integration of artificial intelligence (AI). On the other hand, many global companies have also established their market in this region. For instance, In the U.S., the DIY smart home category is significantly larger than the service provider smart home category for voice control smart home platforms for their smart homes. The major driving factor in the Americas is the presence of significant vendors of speech and voice recognition technology such as Amazon (U.S.), Nuance Communication (U.S.), IBM (U.S.), Sensory (U.S.), and Microsoft (U.S.).

The Voice Control Smart Home Platforms market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The market report also maps the qualitative impact of various market factors on market segments and geographies.

The report covers exhaustive analysis on:                                     

  • Voice Control Smart Home Platforms Market Segments
  • Voice Control Smart Home Platforms Market Dynamics
  • Voice Control Smart Home Platforms Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies Involved in the Market
  • Technology
  • Value Chain of the Market
  • Market Drivers and Restraints

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Rest of LATAM)
  • Western Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Rest of Western Europe)
  • Eastern Europe (Russia, Poland, Rest of Eastern Europe)
  • Japan
  • Asia Pacific Excluding Japan (China, India, South Korea, ASEAN, Australia & New Zealand, Rest of APEJ)
  • Middle East and Africa (GCC Countries, Turkey, Northern Africa, South Africa, Rest of MEA) 

Report Highlights:

  • Detailed overview of parent Voice Control Smart Home Platforms market
  • Changing Voice Control Smart Home Platforms market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape of Voice Control Smart Home PlatformsMarket
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

The smart devices market dynamics have been changing over time with the advancements in technology. Voice has come in the mainstream of such developments being one of the most common uses and direct aspects of conveying requirements. Voice control of smart home platforms involves devices and programming in a coordinated and control network.

Multiplicity in Functionality Increases Demand

Such platforms are highly demanded in the market for different integrated functionalities such as personalized calendar, alarm, weather forecast, and report reminders. The electronic networking technology used in these platforms integrates numerous appliances and devices which are a part of different buildings, homes, and offices. The growing preference for technologies such as IoT and automation acts as a primary growth driver in the market. This technological platform is growing at a fast pace, buoyed by the integration of associated components such as headphones. The integration of this platform with cars has a positive influence on the progress of the landscape.

Market Segmentation

The global voice control smart home appliances market can be segmented based on technology into speech recognition, voice recognition, and text-to-speech recognition. Based on the components, the market can be segregated into software and hardware. Different end-users contributing revenue in the market include individual users, large enterprises, and SMEs.

Regional Market

The growing penetration of advanced technologies plays a vital role in determining the growth trajectory of the market. Technological proliferation along with the integration of smart technologies such as Artificial Intelligence is expected to generate growth prospects in the markets of North America and Asia pacific. Besides the above mentioned, the high concentration of many companies is also projected to play a significant role in the growth of these regional markets.

Market Challenges

The global voice control smart home platform is facing numerous challenges in terms of marketing issues, implementation, vendor preference, and business process services. The market size is continuously expanding with the emergence of new applications, introducing new challenges in the market. Though the market is augmenting at a fast pace, the mass adoption of these solutions is still a prominent challenge in the market. The competition is getting intense with new vendors entering the landscape. These challenges are cumulatively restraining the progress of the landscape.

Competition Landscape

Prominent market players are using advanced technologies such as AI to introduce innovations in their products. For instance, Amazon introduced smart speakers that use voice as the medium of connection. The established companies are investing in DIY smart homes segment to get their hands on lucrative opportunities. Different major vendors of voice control smart home platforms such as Amazon, IBM, and Microsoft are finding opportunities in the flourishing markets such as America to expand their presence. Market leaders are finding space in emerging platforms such as the Internet of Things to stay upfront in the market competition.

Established players profiled in the global voice control smart home platforms include Alphabet (US), Nuance (US), Nuance (US), Raytheon BBN Technologies (US), iFlytek (China), SK Telecom and Google.

Voice Control Smart Home Platforms Market

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