Global Voice-controlled Devices Market to grow at a CAGR of 7.84% during the period 2016 - 2020; Finds New Report

Report forecast the global voice-controlled devices market to grow at a CAGR of 7.84% during the period 2016-2020.

Voice-controlled devices use voice recognition software to convert and decode the human voice into signals that are easily understood by the devices. Voice recognition is the ability of a machine to receive, understand, and dictate spoken commands. It is used for various purposes such as opening locked devices, sending emails and text messages, and initiating phone calls.

Voice-controlled devices analyze the voice of a particular person and subsequently grant or deny access to functions. Voice recognition technology has become very popular in areas such as mobile banking, which requires users to identify themselves via spoken commands before making transactions.

Voice recognition acts as an authentication technology, where words or phrases spoken aloud are converted into electrical signals that are transformed into coding patterns and assigned meaning. Each human voice is different, and identical words can have different meanings if spoken with different inflections or in different contexts. Voice recognition software is installed in computing devices to provide a quick method of writing and assist people with disabilities. It also helps individuals who have difficulty spelling words.

The report covers the present scenario and the growth prospects of the global voice-controlled devices market for the period 2016-2020. To calculate the market size, the report considers the total shipments of devices from the following application segments:

• Smartphones
• Automobile infotainment systems
• Smartwatches
• Smartbands
• Remotes

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

According to the report, all existing voice recognition systems make use of cloud servers to understand the user better. For instance, if we ask a smartphone or smartwatch for nearby restaurants, a cloud server will return results and track whether you click on one of the results. This helps the service provider better understand if the provided results were accurate or not. Similarly, millions of such voice searches are processed using cloud servers, and the data from them is analyzed and processed in order to improve search results.

Further, the report states that need for constant connectivity is a major challenge hindering the growth of the market.

Global Voice-Controlled Devices Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Voice-Controlled Devices Market: Apple, Fitbit, Google, Microsoft, Nuance Communications, Pebble, Samsung, Sony, VoiceBox Technologies and Xiaomi.

Market driver

• Cloud-based voice recognition
• For a full, detailed list, view our report

Market challenge

• Need for constant connectivity
• For a full, detailed list, view our report

Market trend

• Voice recognition software turning into personal digital assistants
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 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 48 pages and 17 Exhibit “Global Voice Controlled Devices Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Buying behavior, Market segmentation by application, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape.

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