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Global Speech Recognition for Consumer Electronics Market 2017-2021

Global Speech Recognition for Consumer Electronics Market 2017-2021

About Speech Recognition for Consumer Electronics

Speech recognition is the process of aiding a computer identify sounds of human speech and respond to them to give the desired output. Speech recognition is integrated with a wide variety of consumer electronic devices, such as smartphones, tablets, laptops, PCs, smart watches, gaming consoles, and smart TVs.

Technavio’s analysts forecast the global speech recognition for consumer electronics market to grow at a CAGR of 28.25% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global speech recognition for consumer electronics market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

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

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Speech Recognition for Consumer Electronics Market 2017-2021, 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 vendors
  • apple
  • Google
  • Microsoft
  • Nuance Communications
Market driver
  • Growing stringency in road safety regulations
  • For a full, detailed list, view our report
Market challenge
  • Using speech recognition in public places
  • For a full, detailed list, view our report
Market trend
  • Speech 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 2021 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?


Press Release

Technavio Announces the Publication of its Research Report – Global Speech Recognition for Consumer Electronics Market 2017-2021

Technavio recognizes the following companies as the key players in the global speech recognition for consumer electronics market: apple, Google, Microsoft, and Nuance Communications.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is speech recognition software turning into personal assistants. Google Now is more than just a speech-based search engine. It not only provides useful information that we request for but also learns the user behavior over time.”

According to the report, one driver in the market is growing stringency in road safety regulations. With the rise in the number of road accidents worldwide, regulations have been enforced in many countries to prevent the use of mobile devices while driving. This has paved the way for safer means of interaction with mobile devices such as voice recognition. Countries, such as Australia, the Philippines, the UK, the US, India, and Chile, have imposed strict restrictions on mobile use on the road.

Further, the report states that one challenge in the market is using speech recognition in public places. Speech recognition comes as a convenience feature in consumer electronics, and users get a faster interactive option for communicating with their devices. However, speech recognition has its own drawbacks when used in public places. Users find it inconvenient to speak or give commands to their phones, tablets, and smart watches, in public places.



Companies Mentioned

apple, Google, Microsoft, and Nuance Communications.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Speech recognition: A revolution on the rise
  • Market landscape
    • Market overview
      • Table Overview of global speech recognition for consumer electronics market
    • Market size and forecast
      • Table Global speech recognition for consumer electronics market 2016-2021 ($ millions)
      • Table Global speech recognition for consumer electronics market 2016-2021 (Millions of units)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Table Global speech recognition for consumer electronics market by product (% share by revenue)
    • Table Global speech recognition for consumer electronics market by product ($ millions)
    • Speech recognition for smartphones
      • Table Global speech recognition for smartphones market 2016-2021 ($ millions)
      • Table Global speech recognition for smartphones market 2016-2021 (millions of units)
    • Speech recognition for laptops and PCs
      • Table Global speech recognition for laptops and PCs market 2016-2021 ($ millions)
      • Table Global speech recognition for laptops and PCs market 2016-2021 (millions of units)
    • Speech recognition for tablets
      • Table Global speech recognition for tablets market 2016-2021 ($ millions)
      • Table Global speech recognition for tablets market 2016-2021 (millions of units)
    • Speech recognition for smart watches
      • Table Global speech recognition for smart watches market 2016-2021 ($ millions)
      • Table Global speech recognition for smart watches market 2016-2021 (millions of units)
    • Speech recognition for gaming consoles
      • Table Global speech recognition for gaming consoles market 2016-2021 ($ millions)
      • Table Global speech recognition for gaming consoles market by 2016-2021 (millions of units)
    • Speech recognition for smart TVs
      • Table Global speech recognition for smart TVs market 2016-2021 ($ millions)
      • Table Global speech recognition for smart TVs market 2016-2021 (millions of units)
  • Geographical segmentation
    • Table Global speech recognition for consumer electronics market by geographical segmentation (%)
    • Table Global speech recognition for consumer electronics market by geography ($ millions)
    • Speech recognition for consumer electronics market in APAC
      • Table Speech recognition for consumer electronics market in APAC 2016-2021 ($ millions)
    • Speech recognition for consumer electronics market in Americas
      • Table Speech recognition for consumer electronics market in Americas 2016-2021 ($ millions)
    • Speech recognition for consumer electronics market in EMEA
      • Table Speech recognition for consumer electronics market in EMEA 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global unit shipments of smartphones and tablets 2016-2021 (millions of units)
    • Market challenges
  • Market trends
    • Speech recognition software turning into personal assistants
    • Data security and privacy issues
    • Integration of voice verification with speech recognition
  • Vendor landscape
    • Competitive scenario
  • Key vendor analysis
    • Apple
    • Google
    • Microsoft
    • Nuance Communications
      • Table Key product portfolio
  • Appendix
    • List of abbreviations
  • Explore Technavio

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