Global Voice Recognition Market for Smartphones to grow at a CAGR of 10.3% over the period 2014-2019; Finds New Report

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

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.

This report 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.

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.

According to the report, the need for a strong verification process is leading to the growing integration of voice authentication in mobile banking.

Further, the report states, though voice recognition systems have the ability to recognize many languages and determine the authenticity of a voice, the market still needs to overcome the lack of accuracy of the system.

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 players in the Global Voice recognition Market for Smartphones: Apple, Google, Microsoft, and Nuance.

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 questions 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?

Spanning over 57 pages, 17 Exhibits “Global Voice Recognition Market for Smartphones 2015-2019” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Geographical segmentation, Market drivers and their impact, Market challenges and their impact, Market trends and their impact, Vendor landscape, Key-vendor analysis, Appendix.

For further information on this report, please visit- http://mrr.cm/oM7

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