Perhaps you’ve heard about AI and Machine Learning’s popularity, as well as how these two techniques are addressing different markets as the future develops. Going further, as a part of AI and Machine Learning, there is Voice Technology, which is rising in demand. If you’ve been considering whether voice technology is worth paying attention to or if it’s just a trend, you’ll find this article useful. Even the most ardent doubters must admit that voice-based solutions are gaining popularity faster than many other advancements, which is highly questionable.
To dispel any doubts, let’s discover the statistics. According to projections, the number of voice assistants could hit 8.4 billion by 2024, surpassing the global population. Besides, Statista estimates that the worldwide voice recognition industry is expected to expand from 10.7 US$ in 2020 to 27.16 billion US$ in 2026. That being said, we can notice the huge expansion of the market, and that could trigger the majority of apps to correspond to the level and undertake an upgrade.