India Voice Based Payments Market Size & Outlook
The voice based payments market in India is expected to reach a projected revenue of US$ 772.7 million by 2030. A compound annual growth rate of 15% is expected of India voice based payments market from 2024 to 2030.
Revenue, 2023 (US$M)
$289.8
Forecast, 2030 (US$M)
$772.7
CAGR, 2024 - 2030
15%
Report Coverage
India
India voice based payments market, 2018-2030 (US$M)
Related Markets
India voice based payments market highlights
- The India voice based payments market generated a revenue of USD 289.8 million in 2023 and is expected to reach USD 772.7 million by 2030.
- The India market is expected to grow at a CAGR of 15% 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 2023 | USD 289.8 million |
| Market revenue in 2030 | USD 772.7 million |
| Growth rate | 15% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Software |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software |
| Key market players worldwide | Amazon.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, India accounted for 4.2% 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 Asia Pacific, China voice based payments market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 772.7 million by 2030.
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Voice Based Payments Market Scope
Voice based payments market segmentation & scope
Voice Based Payments Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
India 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 67.46% in 2023. Horizon Databook has segmented the India voice based payments market based on hardware, software covering the revenue growth of each sub-segment from 2018 to 2030.
- India Voice Based Payments Component Outlook (Revenue, USD Million, 2018-2030)
- Merchant Plug in
- Access Control Server
- Hardware
- Software
- Others
- India Voice Based Payments Enterprise Size Outlook (Revenue, USD Million, 2018-2030)
- Large Enterprises
- Small & Medium Enterprises
- India Voice Based Payments End Use Outlook (Revenue, USD Million, 2018-2030)
- BFSI
- Automotive
- Healthcare
- Retail
- Government
- Others
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Our clientele includes a mix of voice based payments market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the India voice based payments market , including forecasts for subscribers. This country databook contains high-level insights into India voice based payments market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India voice based payments market outlook size, by component, 2018-2030 (US$M)
India Voice Based Payments Market Outlook Share, 2023 & 2030 (US$M)
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