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