Intelligent Assistant Embedded Consumer Devices Market Set for Rapid Growth and Trend by 2026

According to a new market report published by Transparency Market Research the global intelligent assistant-embedded consumer device market is expected to reach a value of 1,266.9 Million Units by 2026 on account of high adoption of intelligent assistant-embedded consumer devices across the world. The market is projected to expand at a CAGR of 5.2% during the forecast period from 2018 to 2026. North America is anticipated to have the largest market share due to presence of many software companies in this region. After North America, Europe and Asia Pacific are expected to contribute considerable market share due to large scale growth of IT companies in these regions.

Rise in Adoption of Connectivity Technologies Set to Drive the Market

Adoption of wireless technology-enabled solutions (products) has increased rapidly in the last few years due to the advanced features offered especially in terms of portability. Virtual digital assistance technology is expanding to integrate technology beyond smartphones to other consumer devices. Further, virtual digital assistants represent the combination of natural language processing (NLP), artificial intelligence (AI), and speech recognition and are likely to have a transformative impact on consumer devices.

This market is currently at its initial stage, and small changes in these early stages can have vast influences. Changes in consumer comfort pertaining to the distribution, collection, management, and analysis of private data; progress of natural language processing (NLP) and other voice technologies; and progress in the regulatory environment can all significantly modify the market.

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Major factors responsible for the growth of the intelligent assistance embedded consumer devices market are rise in adoption of personal assistants in smart homes, growing demand for enhanced productivity and extended life of systems, and Internet of Things (IoT).

Additionally, demand for accurate, fast, and efficient systems with artificial thinking abilities to reduce human involvement is the other vital factor propelling the growth of the market. Smart Home is one of the focus areas in which wireless connectivity technologies are being integrated. These wireless connectivity technologies present some very exciting opportunities as it consumes less energy as compared to Wi-Fi.