Voice Payment Market trends, share, growth, Forecast 2028

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Voice Payment Market Size Worth USD 41.52 Billion
in 2028
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Increasing introduction of virtual assistants and
COVID-19 pandemic are changing how we bank and
pay bills and are some key factors driving global
voice payment market growth
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Market Analysis
Financial Analysis
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Brand Analysis
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Competitor Analysis
Product Analysis
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Demand Analysis
Risk Analysis
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Business Plan Parameters
End Use Analysis
Demand Availability Analytics
Market Entry Strategy
Restructuring Revival
New Product Strategy
Product Planning / Strategy
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Marketing / Distribution Channel Feasibility
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Customer Identification Survey
Competitive Landscape / MA Feasibility
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Market Summary
The global voice payment market size reached USD
19.87 Billion in 2020 and is expected to register
a revenue CAGR of 9.8, during the forecast
period, according to latest analysis by Emergen
Research. Some major factors driving global voice
payment market revenue growth include rapid
increase in usage and dependence on virtual
assistants and need to social-distance and make
contactless purchases and payments due to the
COVID-19 pandemic. Global voice payment market
revenue is also expected to expand significantly
going ahead owing to increasing e-Commerce
transactions as well as digital retail activities
as a result of rising preference for online
purchasing for domestic consumables among a
rapidly increasing number of consumers globally.
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Market Summary
Some Key Highlights From the Report Software
segment revenue is expected to expand at a
significant CAGR during the forecast period as
major leading companies are rapidly introducing
voice payment software.  Increasing integration
of Alexa, Google Assistant, and Siri voice
payments into conventional banking software is
also expected to augment revenue growth of this
segment. BFSI segment is expected to lead in
terms of revenue among the end-use segments over
the forecast period since voice payment solutions
are more widely used in financial institutions
and Fintech firms. Customers can use their voice
to check their accounts, transfer cash or make
payments, apply for loans, and pay bills, among
others. Asia Pacific is expected to account for
largest revenue share than other regional markets
over the forecast period owing to increasing
demand for voice-enabled consumer electronics
products including smartphones, laptops,
smartwatches, and laptops in countries in the
region. Some major companies in the market
include Microsoft Corporation, Google Inc., Apple
Inc., Amazon.com, Inc., NCR Corporation, Huawei
Technologies Co., Ltd., Iflytek Co., Ltd, Alibaba
Group, Cerence Inc., and Infopulse Ukraine
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Market Summary
Emergen Research has segmented the global voice
payment market on the basis of component,
 end-use, and region Component Outlook
(Revenue, USD Billion 20182028) Hardware Softwar
e End-Use Outlook (Revenue, USD Billion
20182028) Consumer Automotive Healthcare BFSI Gov
ernment Retail Others Read More_at_
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ice-payment-market
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Parameter Details
Market Size Estimation Period 2020-2028
Base Year Considered 2020
Historical Data 2017-2019
Forecast Period 2021-2028
Quantitative Units Revenue in USD million CAGR from 2020 to 2028
Segments Covered Types, Application, End-Users, Regions more.
Countries Included The U.S., Germany, U.K., Italy, China, India, Japan, Brazil
Report Coverage Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
Regions Scope North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Customization Scope 10 hours of free customization expert consultation
Pricing and Purchase Options Explore Different Purchase Options Request for Discount to Avail New Year Discount
MARKET SEGMENTATION
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Regional Share Dynamics
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