Voice-Based Payments Market Size and Forecasts (2020 – 2030)

Voice-Based Payments Market Size and Forecasts (2020 – 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Component (Hardware and Software), Enterprise Size (Large Enterprises and Small and Medium-Sized Enterprises), and Industry (BFSI, Automotive, Healthcare, Retail, Government, and Others)

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Description

The voice-based payments market size was valued at US$ 6.47 billion in 2022 and is expected to reach US$ 14.37 billion by 2030; it is estimated to register a CAGR of 10.5% from 2022 to 2030.

The global voice-based payments market is experiencing significant growth driven by several key factors. One of the primary drivers is the increasing demand for contactless payments. Furthermore, the growing popularity of voice assistant-enabled devices, such as smart speakers and smartphones, is contributing to the growth of the voice-based payments market. Moreover, there has been a behavioral shift among consumers towards adopting voice-based technologies, including voice-based payments, propelling the demand for such services. Additionally, voice-based payments offer convenience and an improved user experience, which is a key factor driving the growth of the voice-based payments market. These factors collectively contribute to the development and adoption of voice-based payments in the market.

Voice-based payments use voice commands or voice recognition technology to initiate and authorize financial transactions. Instead of using traditional payment methods like cash, cards, or mobile wallets, users can make payments by simply speaking to a voice assistant-enabled device. Voice-based payments leverage artificial intelligence (AI) and natural language processing (NLP) technologies to understand and process user commands. These technologies enable devices like smart speakers, smartphones, and other voice assistant-enabled devices to interpret voice instructions and execute payment transactions securely.

Financial institutions and retailers increasingly adopt voice-based payments to enhance customer experience and gain insights into customer behavior. This trend is expected to drive voice-based payments market growth. Mobile payment platforms like Zelle, PayPal, and Venmo are incorporating voice-activated controls for users to perform financial and banking tasks. Traditional banks, such as Wells Fargo, also integrate conversational voice interfaces into their mobile banking apps to provide comprehensive banking services to customers. This strategic adoption of the voice-based payments market in the business landscape aims to streamline access to personal data and improve customer engagement. Such trends are anticipated to propel the voice-based payments market growth over the forecast period.

Government entities worldwide actively promote the development of digital payment solutions by urging companies to enhance their offerings. For example, the Government of India has called for proposals from fintech and startup companies to create innovative solutions that can extend digital payment services to underserved areas of the country. The government is specifically seeking proposals for voice-based solutions that enable digital payments through smartphones and other devices. Successful bids will be eligible for government funding, providing a significant opportunity for businesses in this sector to expand their operations and reach new markets, thereby offering new opportunities for the voice-based payment.

The Asia Pacific region is projected to experience the highest compound annual growth rate (CAGR) during the forecast period in the voice-based payments market. The growth of the voice-based payments market can be attributed to the increasing awareness among countries like China, India, and Japan about the advantages of voice-based payments. Furthermore, various regional organizations are actively promoting the adoption of voice-based payments, which is expected to drive market growth further. For example, the National Payments Corporation of India (NPCI) announced in July 2021 that it is conducting a trial for voice-based payment services specifically designed for feature phones in India. NPCI has already developed successful digital payment platforms such as the Unified Payments Interface (UPI) and Aadhaar Enabled Payment System (AePS). These initiatives and developments in the Asia Pacific region present significant opportunities for businesses operating in the voice-based payments market.

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TABLE OF CONTENTS

1. Introduction
1.1 Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Aesthetic Lasers Market – Key Industry Dynamics
4.1 Market Drivers
4.1.1 Growing Adoption of Noninvasive Aesthetic Procedures
4.1.2 Increasing Prevalence of Skin Disorders and Growing Awareness about Beauty Devices
4.2 Market Restraints
4.2.1 Complications and Risks Associated with Procedures and Stringent Safety Regulations
4.3 Market Opportunities
4.3.1 New Product Launches and Approvals
4.4 Future Trends
4.4.1 Technological Advancements in Aesthetic Laser Devices
4.5 Impact Analysis
5. Aesthetic Lasers Market – North America Market Analysis
5.1 North America Aesthetic Lasers Market Revenue (US$ Mn), 2022 – 2030
6. North America Aesthetic Lasers Market – Revenue and Forecast to 2030 – by Type
6.1 Overview
6.2 Aesthetic Lasers Market Revenue Share, by Type, 2022 & 2030 (%)
6.3 Ablative Lasers
6.3.1 Overview
6.3.2 Ablative Lasers: Aesthetic Lasers Market – Revenue and Forecast to 2030 (US$ Million)
6.4 Non-ablative Lasers
6.4.1 Overview
6.4.2 Non-ablative Lasers: Aesthetic Lasers Market – Revenue and Forecast to 2030 (US$ Million)
7. North America Aesthetic Lasers Market – Revenue and Forecast to 2030 – by Application
7.1 Overview
7.2 Aesthetic Lasers Market Revenue Share, by Application 2022 & 2030 (%)
7.3 Facial and Skin Tightening
7.3.1 Overview
7.3.2 Facial and Skin Tightening: Aesthetic Lasers Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Pigmentation Disorders
7.4.1 Overview
7.4.2 Pigmentation Disorders: Aesthetic Lasers Market – Revenue and Forecast to 2030 (US$ Million)
7.5 Tattoo Removal
7.5.1 Overview
7.5.2 Tattoo Removal: Aesthetic Lasers Market – Revenue and Forecast to 2030 (US$ Million)
7.6 Hair Removal
7.6.1 Overview
7.6.2 Hair Removal: Aesthetic Lasers Market – Revenue and Forecast to 2030 (US$ Million)
7.7 Scar Treatment
7.7.1 Overview
7.7.2 Scar Treatment: Aesthetic Lasers Market – Revenue and Forecast to 2030 (US$ Million)
7.8 Body Sculpting and Fat Reduction
7.8.1 Overview
7.8.2 Body Sculpting and Fat Reduction: Aesthetic Lasers Market – Revenue and Forecast to 2030 (US$ Million)
7.9 Acne Reduction
7.9.1 Overview
7.9.2 Acne Reduction: Aesthetic Lasers Market – Revenue and Forecast to 2030 (US$ Million)
7.10 Others
7.10.1 Overview
7.10.2 Others: Aesthetic Lasers Market – Revenue and Forecast to 2030 (US$ Million)
8. North America Aesthetic Lasers Market – Revenue and Forecast to 2030 – by End User
8.1 Overview
8.2 Aesthetic Lasers Market Revenue Share, by End User, 2022 & 2030 (%)
8.3 Dermatology Clinics
8.3.1 Overview
8.3.2 Dermatology Clinics: Aesthetic Lasers Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Beauty and Wellness Centers
8.4.1 Overview
8.4.2 Beauty and Wellness Centers: Aesthetic Lasers Market – Revenue and Forecast to 2030 (US$ Million)
8.5 Medical Spas
8.5.1 Overview
8.5.2 Medical Spas: Aesthetic Lasers Market – Revenue and Forecast to 2030 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Aesthetic Lasers Market – Revenue and Forecast to 2030 (US$ Million)
9. North America Aesthetic Lasers Market – Country Analysis
9.1 North America Aesthetic Lasers Market, Revenue and Forecast To 2030
9.1.1 Overview
9.1.2 North America Aesthetic Lasers Market, by Country
9.1.2.1 US
9.1.2.1.1 Overview
9.1.2.1.2 US Aesthetic Lasers Market Revenue and Forecast to 2030 (US$ Mn)
9.1.2.1.3 US: Aesthetic Lasers Market, by Type, 2020–2030 (US$ Million)
9.1.2.1.3.1 US: Aesthetic Lasers Market, for Ablative Lasers by Type, 2020–2030 (US$ Million)
9.1.2.1.3.2 US: Aesthetic Lasers Market, for Non-ablative Lasers by Type, 2020–2030 (US$ Million)
9.1.2.1.4 US: Aesthetic Lasers Market, by Application, 2020–2030 (US$ Million)
9.1.2.1.5 US: Aesthetic Lasers Market, by End User, 2020–2030 (US$ Million)
9.1.2.2 Canada
9.1.2.2.1 Overview
9.1.2.2.2 Canada Aesthetic Lasers Market Revenue and Forecast to 2030 (US$ Mn)
9.1.2.2.3 Canada: Aesthetic Lasers Market, by Type, 2020–2030 (US$ Million)
9.1.2.2.3.1 Canada: Aesthetic Lasers Market, for Ablative Lasers by Type, 2020–2030 (US$ Million)
9.1.2.2.3.2 Canada: Aesthetic Lasers Market, for Non-ablative Lasers by Type, 2020–2030 (US$ Million)
9.1.2.2.4 Canada: Aesthetic Lasers Market, by Application, 2020–2030 (US$ Million)
9.1.2.2.5 Canada: Aesthetic Lasers Market, by End User, 2020–2030 (US$ Million)
9.1.2.3 Mexico
9.1.2.3.1 Overview
9.1.2.3.2 Mexico Aesthetic Lasers Market Revenue and Forecast to 2030 (US$ Mn)
9.1.2.3.3 Mexico: Aesthetic Lasers Market, by Type, 2020–2030 (US$ Million)
9.1.2.3.3.1 Mexico: Aesthetic Lasers Market, for Ablative Lasers by Type, 2020–2030 (US$ Million)
9.1.2.3.3.2 Mexico: Aesthetic Lasers Market, for Non-ablative Lasers by Type, 2020–2030 (US$ Million)
9.1.2.3.4 Mexico: Aesthetic Lasers Market, by Application, 2020–2030 (US$ Million)
9.1.2.3.5 Mexico: Aesthetic Lasers Market, by End User, 2020–2030 (US$ Million)
10. Industry Landscape
10.1 Overview
10.2 Growth Strategies in The Aesthetic Lasers Market
10.3 Inorganic Growth Strategies
10.3.1 Overview
10.4 Organic Growth Strategies
10.4.1 Overview
11. Company Profiles
11.1 Aerolase Corp
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Lumenis Be Ltd
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Cutera Inc
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Bausch Health Companies Inc
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Sciton Inc
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 SharpLight Technologies Ltd
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 El En SpA
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Alma Lasers Ltd
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Cynosure LLC
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Candela Corp
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About Us
12.2 Glossary of Terms

In progress
In progress

The List of Companies – Voice-Based Payments Market
– NCR Corporation
– Amazon.com
– Google LLC.
– PayPal
– Vibepay
– NPCI Corporation
– PCI Pal
– Paysafe, Inc.

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