Dallas, TX -- (SBWIRE) -- 03/14/2019 -- "Hey Alexa, Buy me a Shampoo" Or "Google, Buy the grocery list"
Well, this is what Voice based shopping is all about. Talking to your devices and getting your work done. This revolutionary voice search technology can be your new go to shopping destination.
Your Basic guide to Voice Based Shopping
Voice based shopping is a new trend owners of digital assistants that work by recognizing voice, natural language processing and speech synthesis are following. Digital assistants and voice based devices help users buy products only by commanding tasks to the devices. Smart devices and speaker records consumer information like address, payment details, and contact details. However, with Alexa and Google these details are already updated during the registration process. This pre saved information makes it easier for the devices to take orders and process it.
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Voice Based Shopping is revolutionizing the way consumers are buying. Many across the globe prefer e-commerce mode of shopping. Some of the factors driving the e-commerce market are the ease of shopping anywhere and anywhere, attractive offers, wide range of products and quick delivery and return systems offered by e-commerce vendors.
Trends, Benefits and Challenges of Voice Based Shopping
Voice based shopping is extremely convenient for buyers as it allows reordering based on previously placed orders at the same time it gives various options and alternatives for the same ordered product. Smart devices save information regarding your product preference, brand, price bracket, quantity to reorder the same product in the future.
However, voice based shopping has many challenges to overcome, to have a brighter and longer future. Some of the challenges faced by the voice based shopping industry are:
Difficulty in voice recognition, as the concept is all about voice there might be times the system doesn't understand and comply with your language. This might be due to technical difficulties or change in voice tone due to several reasons.
The ordering process is simple in Alexa since the details are already fed in the system. Incidents of accidental purchases are reported owing to the ease of process. Especially in case of children where accidental order placement can also take place. Amazon not only orders for you, but also analyzes and saves your purchases.
Ordering the wrong product is also possible as buyers can't see the product here like in the case of app shopping. No provision of visual aid to analyze a product before purchasing can cause problems for the voice based shopping market. But then again, there is fair change of the convenience provided by these devices overpowering its limitation of visual aid.
These challenges are expected to be resolved in future, with the help of growing innovation in various phases of technology.
Future of Voice Based Shopping
Currently, only a small percentage of people owning smart speakers and devices use it for shopping purposes, not more than 305 but, this number is expected to shoot up to around 50% by 2020. However, the industry is just is still budding and the pace at which technology is developing, in no time it will get stronger. At the foremost, there is a need for better and enhanced security, to avoid accidental orders which seems to be a problem for market players. Reports of devices, not being able to understand the voice command are constantly heard, providers need to work around this and offer better user experience to buyers.
In the future, these devices will give more personalized experience to the buyer at the same time understand different voices in the same house. Another, feature to look out for in the voice based shopping market is the ability to talk to your cars, refrigerators, lamps, fans and other devices. The automotive industry would also witness new technologies and growth by car speech recognition. 2018, saw car speech recognition as becoming standard and would be growing in the coming years. Amazon has partnered with Marriott Group to launch Alexa exclusively for hospitality. This will help consumers undertake simple tasks like ordering towels, calling and controlling room lighting.
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Few points from Table of Contents:
Chapter 1. Executive Summary
Chapter 2. Research Methodology
2.1. Research approach
2.2. Scope, definition, and assumptions
2.3. Data sources
Chapter 3. Market Outlook
3.1. Introduction
3.2. Key trends
3.2.1. Market drivers
3.2.2. Market restraints
3.2.3. Market opportunities
3.3. Value chain analysis
3.4. Porter's Five Forces analysis
3.5. PESTEL analysis
3.6. Vendor landscape analysis, 2017
Chapter 4. Global Voice Based Shopping Market Overview, By Type
4.1. Global voice based shopping market share, by type, 2017 & 2025
4.2. Device Type
4.2.1. Market size and projections, 2015-2025
4.3. Platform Providers
4.3.1. Market size and projections, 2015-2025
4.4. Brands
4.4.1. Market size and projections, 2015-2025
4.5. Others
4.5.1. Market size and projections, 2015-2025
(Note: The segmentation given above is subject to change during the course of further research)
Continued...
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Get the access of more information through our blog, white paper and Case study:
1. White Paper on "Voice Based Shopping Market's Sharp And Clear Cut In The Future":
Voice based shopping is a new trend owners of digital assistants that work by recognizing voice, natural language processing and speech synthesis are following. Digital assistants and voice based devices help users buy products only by commanding tasks to the devices. Smart devices and speaker records consumer information like payment or contact details. However, with Alexa and Google these details are already updated during the registration process. This pre saved information makes it easier for the devices to take orders and process it. In the future, these devices will give more personalized experience to the buyer at the same time understand different voices in the same house.
Access the complete white paper on Voice Based Shopping Market report @ https://adroitmarketresearch.com/white-paper/voice-based-shopping-markets-sharp-and-clear-cut-in-the-future
2. Case Study on "Why Is Voice Based Shopping Creating A Tussle Between Retail Giants?":
Walmart has shaped a competent e-commerce business by spending billions to data scientists and hire engineers, developing automated distribution centers made for web orders and even started curbside pickup for online grocery orders at 2,000 plus stores. To compete with the continuously thriving company like Amazon, Walmart and Google announced that Google would begin offering Walmart products to users or customers who purchase on Google Express, the company's online shopping mall. In the whole history of online shopping, this is the first time the world's biggest retailer has come forward and made its products available online in the United States outside of its own website.
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3. Would you like to access the blog on "When And How Did Shopping Turn Voice-Based!" then access it here@ https://adroitmarketresearch.com/blogs/when-and-how-did-shopping-turn-voice-based
About Adroit Market Research
Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market's size, key trends, participants and future outlook of an industry. We intend to become our clients' knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.