During the five years to 2016, the Voice Recognition Software Developers industry bounced back from recessionary lows as corporate profit and per capita disposable income began to rise. The industry has also benefited from the increasing number of mobile internet connections and the growing number of healthcare providers that have adopted electronic health records. In the five years to 2021, revenue is expected to continue increasing due to increased investment in computers and software, rising demand in downstream markets and a growing number of devices that incorporate the technology.
Companies in this industry develop speech and voice recognition software. Voice recognition software uses the individual's voice for recognition purposes while speech recognition is the ability of a machine to understand and carry out spoken commands by interpreting articulated words.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.