South Korea Voice Assistant Application Market (2024-2030) | Outlook, Industry, Size, Value, Trends, Growth, Revenue, Companies, Forecast, Share & Analysis

South Korea Voice Assistant Application Market Highlights

Report Name	South Korea Voice Assistant Application Market
Forecast period	2024-2030
CAGR	18.1%
Growing Sector	Retail

Topics Covered in the South Korea Voice Assistant Application Market Report

The South Korea Voice Assistant Application Market report thoroughly covers the market by Component, Deployment Mode, Organization Size, Channel Integration, and Application Area. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

South Korea Voice Assistant Application Market Synopsis

The South Korea Voice Assistant Application Market is expected to grow remarkably in the coming years. This can be attributed to factors such as the widespread use of smartphones and the adoption of smart homes, creating a large potential user base for these applications. Additionally, advancements in AI technology are driving innovation and further fueling market growth.

According to 6Wresearch, the South Korea Voice Assistant Application Market size is expected to grow at a significant CAGR of 18.1% from 2024 - 2030. One of the primary drivers behind this growth is convenience. Voice assistants offer a hands-free experience that allows users to perform tasks or access information with simple voice commands. This is especially useful for people with disabilities. Another major factor driving the demand for voice assistants is the growing trend towards connected homes and Internet of Things (IoT) devices. Voice assistants act as a central hub that can control various smart home devices, making it easier for users to manage and automate their homes.

However, there are also challenges facing the voice assistant market in South Korea. One of the main barriers is the language barrier. Most voice assistants are designed and developed in English, making it difficult for Korean speakers to fully utilize all features and functionalities. Additionally, concerns over privacy and security have also been raised regarding these voice assistant applications. As they become more integrated into daily life, there are worries about potential data breaches or misuse of personal information by these devices.

South Korea Voice Assistant Application Industry: Leading Players

Key Players in the voice assistant application market in South Korea include Samsung, Naver, Kakao and LG. These companies have developed their own voice assistant applications that cater to the Korean language and culture. Samsung's voice assistant application is called Bixby and is available on Samsung's flagship smartphones and has expanded to other devices such as smart TVs and refrigerators. Naver, a popular search engine in South Korea, launched its own voice assistant application called Clova. It is available on smartphones through the Naver app and offers services like music streaming, weather information and news updates. Kakao is a messaging app and platform that introduced its voice assistant application Kakao Mini. It is integrated into the KakaoTalk messaging app and can assist users. LG is a leading electronics company in South Korea that has also developed its own voice assistant application called LG ThinQ AI.

South Korea Voice Assistant Application Market: Government Regulations

One of the main initiatives taken by the South Korean government to boost the voice assistant application market is the implementation of a smart city infrastructure. This includes providing high-speed internet and advanced technology systems in public spaces, such as parks, libraries, and transportation hubs. Additionally, the government has been actively promoting partnerships between local startups and larger companies to develop innovative voice assistant applications. Another key initiative of the government is investing in research and development for artificial intelligence (AI) technology.  Moreover, the South Korean government has also introduced policies to support and incentivize businesses to incorporate voice assistant technology into their products and services.

Future Insights of the Market

The voice assistant application market in South Korea is expected to continue its growth trajectory in the coming years. With the increasing adoption of smart homes and connected devices, there will be a higher demand for voice assistant applications that can control these devices through voice commands. Additionally, the growing popularity of virtual assistants such as Amazon's Alexa and Google Assistant is also expected to drive the growth of this market. Moreover, advancements in natural language processing technology are expected to further enhance the capabilities and accuracy of voice assistant applications, making them more user-friendly and convenient.

Market Segmentation by Deployment Mode

According to Ravi Bhandari, Research Head, 6Wresearch, the cloud deployment mode is witnessing rapid growth due to its numerous benefits such as flexibility, scalability, and cost-effectiveness. Many organizations are shifting towards cloud-based voice assistant applications as it allow them to access the technology without significant costs.

Market Segmentation by Organization Size

Based on the Organization Size, Small and medium-sized enterprises (SMEs) are driving the growth in this segment as they have been quick to adopt voice assistant applications to streamline their operations and improve customer engagement.

Market Segmentation by Channel Integration

Mobile applications and contact centres are currently dominating the market for voice assistant application integration channels. With the widespread use of smartphones and mobile apps, businesses are upgrading these channels to reach a larger audience and provide a more personalized experience.

Market Segmentation by Application Area

Smart retail and e-commerce are the leading segments in terms of application area as retailers are increasingly using virtual assistants to offer personalized shopping experiences and improve customer engagement.

Key Attractiveness of the Report

• 10 Years of Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• South Korea Voice Assistant Application Market Outlook
• Market Size of South Korea Voice Assistant Application Market, 2023
• Forecast of South Korea Voice Assistant Application Market, 2030
• Historical Data and Forecast of South Korea Voice Assistant Application Revenues & Volume for the Period 2020 - 2030
• South Korea Voice Assistant Application Market Trend Evolution
• South Korea Voice Assistant Application Market Drivers and Challenges
• South Korea Voice Assistant Application Price Trends
• South Korea Voice Assistant Application Porter's Five Forces
• South Korea Voice Assistant Application Industry Life Cycle
• Historical Data and Forecast of South Korea Voice Assistant Application Market Revenues & Volume By Component for the Period 2020 - 2030
• Historical Data and Forecast of South Korea Voice Assistant Application Market Revenues & Volume By Solutions (Standalone, Integrated) for the Period 2020 - 2030
• Historical Data and Forecast of South Korea Voice Assistant Application Market Revenues & Volume By Services for the Period 2020 - 2030
• Historical Data and Forecast of South Korea Voice Assistant Application Market Revenues & Volume By Deployment Mode for the Period 2020 - 2030
• Historical Data and Forecast of South Korea Voice Assistant Application Market Revenues & Volume By On-premises for the Period 2020 - 2030
• Historical Data and Forecast of South Korea Voice Assistant Application Market Revenues & Volume By Cloud for the Period 2020 - 2030
• Historical Data and Forecast of South Korea Voice Assistant Application Market Revenues & Volume By Organization Size for the Period 2020 - 2030
• Historical Data and Forecast of South Korea Voice Assistant Application Market Revenues & Volume By Small and Medium-sized Enterprises (SMEs) for the Period 2020 - 2030
• Historical Data and Forecast of South Korea Voice Assistant Application Market Revenues & Volume By Large Enterprises for the Period 2020 - 2030
• Historical Data and Forecast of South Korea Voice Assistant Application Market Revenues & Volume By Channel Integration for the Period 2020 - 2030
• Historical Data and Forecast of South Korea Voice Assistant Application Market Revenues & Volume By Websites  for the Period 2020 - 2030
• Historical Data and Forecast of South Korea Voice Assistant Application Market Revenues & Volume By Mobile Applications for the Period 2020 - 2030
• Historical Data and Forecast of South Korea Voice Assistant Application Market Revenues & Volume By Contact Centers for the Period 2020 - 2030
• Historical Data and Forecast of South Korea Voice Assistant Application Market Revenues & Volume By Smart Speakers for the Period 2020 - 2030
• Historical Data and Forecast of South Korea Voice Assistant Application Market Revenues & Volume By Social Media for the Period 2020 - 2030
• Historical Data and Forecast of South Korea Voice Assistant Application Market Revenues & Volume By Application Area for the Period 2020 - 2030
• Historical Data and Forecast of South Korea Voice Assistant Application Market Revenues & Volume By Smart Retail and eCommerce for the Period 2020 - 2030
• Historical Data and Forecast of South Korea Voice Assistant Application Market Revenues & Volume By Smart Banking for the Period 2020 - 2030
• Historical Data and Forecast of South Korea Voice Assistant Application Market Revenues & Volume By Connected Healthcare for the Period 2020 - 2030
• Historical Data and Forecast of South Korea Voice Assistant Application Market Revenues & Volume By Smart Transportation for the Period 2020 - 2030
• Historical Data and Forecast of South Korea Voice Assistant Application Market Revenues & Volume By Smart Manufacturing for the Period 2020 - 2030
• Historical Data and Forecast of South Korea Voice Assistant Application Market Revenues & Volume By Smart Learning for the Period 2020 - 2030
• Historical Data and Forecast of South Korea Voice Assistant Application Market Revenues & Volume By Others (smart government, telecom, smart hospitality, media and entertainment, smart energy and utilities, and supply chain management) for the Period 2020 - 2030
• South Korea Voice Assistant Application Import Export Trade Statistics
• Market Opportunity Assessment By Component
• Market Opportunity Assessment By Deployment Mode
• Market Opportunity Assessment By Organization Size
• Market Opportunity Assessment By Channel Integration
• Market Opportunity Assessment By Application Area
• South Korea Voice Assistant Application Top Companies Market Share
• South Korea Voice Assistant Application Competitive Benchmarking By Technical and Operational Parameters
• South Korea Voice Assistant Application Company Profiles
• South Korea Voice Assistant Application Key Strategic Recommendations

Markets Covered

The report provides a detailed analysis of the following market segments:

By Component

• Solutions (Standalone, Integrated)
• Services

By Deployment Mode

• On-Premises
• Cloud

By Organization Size

• Small And Medium-Sized Enterprises (SMEs)
• Large Enterprises

By Channel Integration

• Websites 
• Mobile Applications
• Contact Centers
• Smart Speakers
• Social Media

By Application Area

• Smart Retail And E-commerce
• Smart Banking
• Connected Healthcare
• Smart Transportation
• Smart Manufacturing
• Smart Learning
• Others (Smart Government, Telecom, Smart Hospitality, Media And Entertainment, Smart Energy And Utilities, And Supply Chain Management)