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Tuesday, 15 December 2015

Voice Recognition Market Size, Share, trends and Forecast 2015-2019

Voice recognition refers to an authentication technology where sounds, words, or phrases spoken by humans are changed into electrical signals and are converted into coding patterns and assigned meanings. Each human voice is different, and identical words can have different meanings if spoken with different inflections or in different contexts. Voice-based technology is divided into two groups: text independent and text dependent. 

In this report, Technavio consider products such as Siri, Google Now, and Cortana as voice recognition solutions. They may also double up as virtual assistants providing useful information to smartphone users by collecting voice data. The report also considers third-party apps that can be installed on smartphones but focusses on products provided by Google, Apple, Nuance, and Microsoft. 

Technavio's analysts forecast the global voice recognition market for smartphones to grow at a CAGR of 10.3% over the period 2014-2019.

Covered in this report
This report covers the present scenario and the growth prospects of the global voice recognition market for smartphones for the period 2015-2019. The report presents the vendor landscape and a corresponding detailed analysis of the top vendors in the market. In addition, it discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends emerging in the market. 

Technavio's report, Global Voice Recognition Market for Smartphones 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report includes the landscape of the market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key vendors

Key Market driver
Cloud-based voice recognition
For a full, detailed list, view our report

Key Market challenge
Need for constant connectivity
For a full, detailed list, view our report

Key market trend
Voice recognition software turning into personal assistants
For a full, detailed list, view our report

Key question answered in this report
What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

Table Of Content 

PART 01: Executive summary
PART 02: Scope of  the report
 Top-vendor offerings
PART 03: Market research methodology
 Research methodology

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 Economic indicators
PART 04: Introduction
 Key market highlights
PART 05: Market landscape
 Functioning of technology
 Voice recognition: A revolution on the rise
 Market size and forecast
 Five forces analysis
PART 06: Geographical segmentation
 By revenue generation
 By smartphone penetration
PART 07: Market drivers and their impact
 Cloud-based voice recognition
 Safety regulations
 Growing demand for voice authentication in mobile banking
 Growing smartphone market
 Decline in smartphone ASP
PART 08: Market challenges and their impact
 Need for constant connectivity
 Conscious users
 Inaccurate voice recognition system
 Low usage of voice recognition
PART 09: Market trends and their impact
 Voice recognition software becoming personal assistant
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About Us:
Hexa Reports is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

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