Number of Voice Assistant Devices in Use to Reach 8.4 Billion

A new report from Juniper Research has found that consumers will interact with voice assistants on over 8.4 billion devices by 2024; overtaking the world’s population and growing 113% compared to the 4.2 billion voice control devices expected to be in use by year end 2020. The value chain for voice assistants and interfaces is rapidly expanding to include more and more players, and device OEMs (from smartphones, speakers and wearables to cars and fridges), system integrators, apps developers and cloud providers are all escalating efforts to provide personalized voice solutions.

A new study from Juniper Research has found that there will be 8 billion digital voice assistants in use by 2023, up from an estimated 2.5 billion at the end of 2018. The new research on "Digital Voice Assistants: Platforms, Revenues & Opportunities 2019-2023," shows growth will be driven by smart home devices and that Smart TVs will have the biggest expansion, growing at over 100% every year for the next 5 years. Juniper also identifies strong growth in wearables and emerging opportunities for both B2B (Business to Business) and B2C (Business to Consumer) uses.

A new report by Juniper Research predicts that revenues from smart audio devices like the Amazon Echo and Sonos One will grow from an estimated $2.5 billion in 2017 to over $10 billion by 2022, as more audio brands integrate voice assistants into their devices. With competition heating up in the smart speaker space, the new research, "Smart Audio Devices: Strategies & Forecasts 2017-2022", looks at Amazon’s main challengers.