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Global Voice Controlled Devices Market 2016-2020

Global Voice Controlled Devices Market 2016-2020

About Voice-Controlled Devices

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.

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

Covered in this report

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
Technavio's report, 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 vendors
  • Apple
  • Fitbit
  • Google
  • Microsoft
  • Nuance Communications
  • Pebble
  • Samsung
  • Sony
  • VoiceBox Technologies
  • 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?

Press Release

Technavio Announces the Publication of its Research Report – Global Voice-Controlled Devices Market 2016-2020Technavio recognizes the following companies as the key players in the Global Voice-Controlled Devices Market: Apple, Fitbit, Google, Microsoft, Nuance Communications, Pebble, Samsung, Sony, VoiceBox Technologies and Xiaomi. Commenting on the report, an analyst from Technavio’s team said: “Google Now is more than just a voice-based search engine. It not only provides useful information upon request but also learns user behavior over time. It is more of a personal digital assistant that displays information that will interest the user in the form of Now Cards (in Android devices).”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.

Companies Mentioned

Apple, Fitbit, Google, Microsoft, Nuance Communications, Pebble, Samsung, Sony, VoiceBox Technologies, Xiaomi.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Major countries
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Voice recognition process
      • Table Action framework for vendors
  • Market landscape
    • Market overview
      • Table Voice-controlled devices market: Overview
    • Value chain
      • Table Industry value chain
      • Table Marketing and sales management
    • Significance of voice recognition
    • Future outlook
      • Table Product life cycle for voice-controlled devices
    • Market size and forecast
      • Table Global voice-controlled devices market 2016-2020 (billions of units)
    • Five forces analysis
      • Table Five forces analysis
  • Buying behavior
    • Table Significance of purchasing parameters
  • Market segmentation by application
    • Table Global voice-controlled devices market segmentation by application 2015-2020
    • Smartphones
    • Automobile infotainment systems
    • Smartwatches
    • Smartbands
    • Remotes
  • Geographical segmentation
    • Overview
      • Table Geographical segmentation of voice-controlled devices market 2015-2020
    • Voice-controlled devices market in Americas
    • Voice-controlled devices market APAC
    • Voice-controlled devices market in EMEA
  • Market drivers
    • Cloud-based voice recognition
    • Safety regulations
    • Rising demand for voice authentication in mobile banking
    • Growing smartphone market
    • Rising need to enhance customer value proposition
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Need for constant connectivity
    • Self-conscious users
    • Inaccuracies in voice recognition
    • Low use and lack of awareness
    • Limited features in most automobiles
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Voice recognition software turning into personal digital assistants
    • Integration of voice verification with speech recognition
    • Google and Apple partnering with automobile manufacturers
    • Increased use of apps in connected cars
    • Emergence of self-driving cars
    • Demand for multi-factor authentication
  • Vendor landscape
    • Competitive scenario
      • Table Opportunities in coming years
      • Table Automobile partners of Google and Apple
  • Explore Technavio

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