This is a preview of a research report from Business Insider Intelligence, Business Insider’s premium research service. To learn more about Business Insider Intelligence, click here.
The voice app ecosystem is booming.Â In the US, the number of Alexa skills alone surpassed 25,000 in January 2018, up from just 7,000 the previous January, in categories ranging from music streaming services, to games, to connected home tools.
As voice platforms continue to gain footing in homes via smart speakers â€” connected devicesÂ powered primarily by artificial intelligence (AI)-enabled voice assistants â€”Â the opportunity for voice apps is becoming more profound. However, as observed with the rise of mobile apps in the late 2000s, any new digital ecosystem will face significant growing pains, and voice apps are no exception. Thanks to the visual-free format of voice apps, discoverability, monetization, and retention are proving particularly problematic in this nascent space.Â This is creating a problem in the voice assistant market that could hinder greater uptake if not addressed.
In this report, Business Insider Intelligence, Business Insider’s premium research service, explores the two major viable voice app stores.