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In this manuscript, two generalizations of fuzzy sets, intuitionistic fuzzy sets and picture fuzzy sets, known as spherical fuzzy sets and T-spherical fuzzy sets, are discussed and a numerical and geometrical comparison among them is established. A T-spherical fuzzy set can model phenomena like voting using four characteristic functions denoting the degree of vote in favor, abstinence, vote in opposition, and refusal with an infinite domain, whereas an intuitionistic fuzzy set can model only phenomena of yes or no types. First, in this manuscript, some similarity measures in the frameworks of intuitionistic fuzzy sets and picture fuzzy sets are discussed. With the help of some numerical results, it is discussed that existing similarity measures have some limitations and could not be applied to problems where information is provided in T-spherical fuzzy environment. Therefore, some new similarity measures in the framework of spherical fuzzy sets and T-spherical fuzzy sets are proposed including cosine similarity measures, grey similarity measures, and set theoretic similarity measures. With the help of some results, it was proved that the proposed similarity measures are a generalization of existing similarity measures. The newly-defined similarity measures were subjected to a well-known problem of building material recognition and the results are discussed. A comparative study of new and existing similarity measures was established and some advantages of the proposed work are discussed.