Global Voice Assistant Application Market is Expected to Reach US$ 12166.82 Mn by 2027 Growing at A CAGR of 31.3% Over the Forecast Period, Says Absolute Markets Insights
Baidu, Inc. - American Depositary Shares, each representing 8 ordinary share (BIDU)
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Source: PR Newswire
PUNE, India, Sept. 10, 2019 /PRNewswire/ -- The voice assistant application market is expected to gain significant lift with the evolution in natural language processing (NLP) and automated speech recognition (ASR) technologies. These technologies are empowering the services of voice assistants by interpreting the sound of words by transcribing speech into text as well as defining and extracting the meaning of words for efficient user experiences. With the introduction of omni-channel platform for automated customer engagement in retailing, marketing providers are integrating voice assistant technology to their lineup with an aim to expand their brand's ability for creating real-time consumer interactions by leveraging data from multiple sources. Emergence of omni-channel environment integrated with artificial intelligence is further driving customer retail services towards voice shopping. For instance, Lamps Plus, Inc., a home goods retailer linked chatbots to voice-assistant technol
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