The Voice Commerce Market is being driven by Enhanced purchasing convenience
The Voice Commerce Market is expected to grow at a CAGR of 22.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 80.21 billion. The voice commerce market is experiencing significant growth due to the increasing adoption of voice assistants in everyday life activities. According to a survey conducted by Adobe Analytics in 2025, 30% of smart speaker owners utilize their devices for shopping and ordering items. Furthermore, 47% of users engage in general product searches and research, 43% create shopping lists, and 32% perform price comparisons using voice commands. These statistics underscore the expanding influence of voice assistants on the shopping experience. Consummers find voice-enabled platforms and devices to be highly convenient for various activities, including online shopping, banking, bill payments, and other tasks.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
173 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 22.7% |
Market growth 2025-2029 |
USD 80.21 billion |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
19.2 |
Key countries |
US, Canada, China, Germany, UK, Japan, France, Brazil, Italy, and India |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Voice commerce, also known as voice shopping, is revolutionizing the way we buy goods and services through the use of voice assistance technology. Convenience and accessibility are key benefits, allowing users to make purchases hands-free and on-the-go. Time-saving benefits, technological applications, and innovation hubs such as e-commerce platforms, travel, hospitality, entertainment, personal care electronics, household supplies, and more, are embracing this new trend. Visual impairments and other disabilities are particularly benefiting from AI-powered voice assistants like virtual digital assistants, smart speakers, and personal care devices in the areas of electronics, household appliances, groceries, arts and crafts, and more.
Voice commerce represents a significant segment within the dynamic landscape of the global application software market. This market sub-segment caters to businesses developing specialized voice-enabled applications for e-commerce platforms. Voice commerce offers numerous advantages, including heightened convenience and accessibility for consumers, time-saving benefits, and advanced technological applications through voice assistance. As voice commerce continues to gain traction, it is poised to disrupt traditional e-commerce channels and reshape consumer behavior. According to market research firm Technavio, the global application software market encompasses companies providing various software solutions, including voice commerce applications. These companies generate revenue through the production and provision of specialized software, including cloud-based solutions, to cater to diverse business and consumer needs.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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