Middle East & Africa Voice Based Payments Market Size & Outlook
Related Markets
MEA voice based payments market highlights
- The MEA voice based payments market generated a revenue of USD 427.9 million in 2023.
- The market is expected to grow at a CAGR of 11.4% 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.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 427.9 million |
| Market revenue in 2030 | USD 910.6 million |
| Growth rate | 11.4% (CAGR from 2024 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Software |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, MEA region accounted for 6.1% of the global voice based payments market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,935.7 million by 2030.
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Voice Based Payments Market Scope
Voice Based Payments Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| VibePay | View profile | 11-50 | London, England, United Kingdom, Europe | https://vibepay.com/ |
| PCI Pal | View profile | 101-250 | Charlotte, North Carolina, United States, North America | https://www.pcipal.com/us/ |
| Cerence Inc Ordinary Shares | View profile | 1700 | 1 Burlington Woods Drive, Suite 301A, Burlington, MA, United States, 01803 | https://www.cerence.com |
| Paysafe Ltd Ordinary Shares - Class A | View profile | 3200 | 2 Gresham Street, 27th Floor, London, United Kingdom, EC2V 7AD | https://www.paysafe.com |
| AT&T | View profile | 10001+ | Dallas, Texas, United States, North America | https://www.att.com |
| PayPal Holdings Inc | View profile | 27200 | 2211 North First Street, San Jose, CA, United States, 95131 | https://www.paypal.com |
| Huawei Technologies | View profile | 10001+ | Shenzhen, Guangdong, China, Asia | http://huawei.com |
| Alibaba Group Holding Ltd ADR | View profile | 204891 | 1 Matheson Street, Causeway Bay, 26th Floor, Tower One, Times Square, Hong Kong, Hong Kong, | https://www.alibabagroup.com |
| Alphabet Inc Class A | View profile | 180895 | 1600 Amphitheatre Parkway, Mountain View, CA, United States, 94043 | https://www.abc.xyz |
| Amazon.com Inc | View profile | 1525000 | 410 Terry Avenue North, Seattle, WA, United States, 98109-5210 | https://www.amazon.com |
Middle East & Africa 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 67.66% in 2023. Horizon Databook has segmented the Middle East & Africa voice based payments market based on hardware, software covering the revenue growth of each sub-segment from 2018 to 2030.
- Middle East & Africa Voice Based Payments Component Outlook (Revenue, USD Million, 2018-2030)
- Merchant Plug in
- Access Control Server
- Hardware
- Software
- Others
- Middle East & Africa Voice Based Payments Enterprise Size Outlook (Revenue, USD Million, 2018-2030)
- Large Enterprises
- Small & Medium Enterprises
- Middle East & Africa Voice Based Payments End Use Outlook (Revenue, USD Million, 2018-2030)
- BFSI
- Automotive
- Healthcare
- Retail
- Government
- Others
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Target buyers of Middle East & Africa voice based payments market databook
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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 continent-level data and insights on the Middle East & Africa voice based payments market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa voice based payments market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
MEA voice based payments market outlook size, by country, 2018-2030 (US$M)
Middle East & Africa Voice Based Payments Market Outlook Share, 2023 & 2030 (US$M)
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