Canada Voice Based Payments Market Size & Outlook

The voice based payments market in Canada is expected to reach a projected revenue of US$ 977.7 million by 2030. A compound annual growth rate of 13.3% is expected of Canada voice based payments market from 2024 to 2030.
Revenue, 2023 (US$M)
$409.2
Forecast, 2030 (US$M)
$977.7
CAGR, 2024 - 2030
13.3%
Report Coverage
Canada

Canada voice based payments market highlights

  • The Canada voice based payments market generated a revenue of USD 409.2 million in 2023 and is expected to reach USD 977.7 million by 2030.
  • The Canada market is expected to grow at a CAGR of 13.3% from 2024 to 2030.
  • In terms of segment, software was the largest revenue generating component in 2023.
  • Software is the most lucrative component segment registering the fastest growth during the forecast period.

Voice based payments market data book summary

Market revenue in 2023USD 409.2 million
Market revenue in 2030USD 977.7 million
Growth rate13.3% (CAGR from 2023 to 2030)
Largest segmentSoftware
Fastest growing segmentSoftware
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationHardware, Software
Key market players worldwideAmazon.com Inc, PayPal Holdings Inc, Paysafe Ltd Ordinary Shares - Class A, Cerence Inc Ordinary Shares, Huawei Technologies, Alphabet Inc Class A, Alibaba Group Holding Ltd ADR, AT&T, PCI Pal, VibePay

Other key industry trends

  • In terms of revenue, Canada accounted for 5.9% of the global voice based payments market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In North America, U.S. voice based payments market is projected to lead the regional market in terms of revenue in 2030.
  • Canada is the fastest growing regional market in North America and is projected to reach USD 977.7 million by 2030.

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Voice Based Payments Market Companies

Name Profile # Employees HQ Website

Canada voice based payments market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to voice based payments market will help companies and investors design strategic landscapes.


Software was the largest segment with a revenue share of 67.28% in 2023. Horizon Databook has segmented the Canada voice based payments market based on hardware, software covering the revenue growth of each sub-segment from 2018 to 2030.


  • Canada Voice Based Payments Component Outlook (Revenue, USD Million, 2018-2030)
    • Merchant Plug in
    • Access Control Server
    • Hardware
    • Software
    • Others
  • Canada Voice Based Payments Enterprise Size Outlook (Revenue, USD Million, 2018-2030)
    • Large Enterprises
    • Small & Medium Enterprises
  • Canada Voice Based Payments End Use Outlook (Revenue, USD Million, 2018-2030)
    • BFSI
    • Automotive
    • Healthcare
    • Retail
    • Government
    • Others

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Target buyers of Canada voice based payments market databook

  • Our clientele includes a mix of voice based payments market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of country-level data and insights on the Canada voice based payments market , including forecasts for subscribers. This country databook contains high-level insights into Canada voice based payments market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Canada voice based payments market outlook size, by component, 2018-2030 (US$M)

Canada Voice Based Payments Market Outlook Share, 2023 & 2030 (US$M)

Canada voice based payments market outlook size, by component, 2018-2030 (US$M)

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