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Global Voice Recognition Market 2015-2019

Global Voice Recognition Market 2015-2019

About Voice Recognition

Voice recognition is a software that has the ability to convert and decode human voice into speech easily understood by a computer. It is an ability of a machine to receive, understand, and dictate the spoken commands. Voice recognition is used for biometric security purposes to determine the voice of a particular person to grant or deny access. This technology has become very popular in mobile banking, which requires identification of authenticated users by their spoken commands to help them make transactions.

TechNavio's analysts forecast the Global Voice Recognition market to grow at a CAGR of 9.40 percent over the period 2014-2019.

Covered in this Report

The report covers the present scenario and the growth prospects of the Global Voice Recognition market for the period 2015-2019. To calculate the market size, the report considers the revenue generated from:

  • Hardware: The revenue generated from the sales of hardware systems
  • Software: The revenue generated from the sales of software applications
  • The report also includes the detailed analysis of the following software applications:
  • ASR
  • Voice biometrics: This includes the revenue from speaker identification and speaker verification systems
  • Text-to-speech
  • It also presents the vendor ranking and a corresponding detailed analysis of the top four vendors in the Global Voice Recognition market. In addition, the report discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends emerging in the market. Key Regions
    • Americas
    • APAC
    • EMEA
    Key Vendors
    • Microsoft
    • Nuance Communications
    • Validsoft
    Other Prominent Vendors
    • Advanced Voice Recognition Systems
    • Agnitio
    • AT&T
    • Auraya Systems
    • LumenVox
    • Raytheon BBN Technologies
    • Telisma
    • Voice Biometrics Group
    • Voice Trust
    • Voxeo
    Market Driver
    • Increased Use of Biometrics
    • For a full, detailed list, view our report
    Market Challenge
    • Lack of Accuracy
    • For a full, detailed list, view our report
    Market Trend
    • Increased Demand in Healthcare Industry
    • For a full, detailed list, view our report
    Key Questions Answered in this Report
    • What will the market size be in 2019 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 Recognition Market 2015-2019

    TechNavio recognizes the following companies as the key players in the Global Voice Recognition Market: Nuance Communications, Microsoft Corp. and ValidSoft Ltd.

    Other Prominent Vendors in the market are: Agnitio, Advanced Voice Recognition Systems, Auraya Systems, LumenVox, Raytheon BBN Technologies, Voice Biometrics Group, Voice Trust and Voxeo.

    Commenting on the report, an analyst from TechNavio’s team said: “One of the emerging trends is the increased demand for voice recognition in the Healthcare industry. Voice recognition helps in improving efficiency by reducing the time taken for notes and filling out charts for patients. Also, this helps in dictating notes almost around three times faster than typing. Thus, this improves time saving for diagnosing and treating patients.”

    According to the report, one of the factors of the market is the increased use of biometrics. The Biometrics segment is witnessing a high demand for speech recognition applications because of the rise in fraudulent activities globally. Also, the vendors in this segment are developing cost-effective and easy-to-deploy ASR applications.

    Further, the report states that one of the main challenges that the market faces is the lack of accuracy in voice recognition systems. Voice recognition applications are highly sound-sensitive, and hence any ambient noise reduces its accuracy levels. Microsoft , Nuance Communications , Validsoft, Advanced Voice Recognition Systems , Agnitio , AT&T , Auraya Systems , LumenVox , Raytheon BBN Technologies , Telisma , Voice Biometrics Group , Voice Trust , Voxeo

    • Executive Summary
    • List of Abbreviations
    • Scope of the Report
      • Market Overview
      • Product Offerings
    • Market Research Methodology
      • Market Research Process
      • Research Methodology
        • Table Market Research Methodology
    • Introduction
    • Market Description
      • Introduction to Voice Recognition
        • Table Voice Recognition Process
      • Criteria for Voice Recognition Software
      • Advantages and Disadvantages of Voice Recognition Software
      • Types of Voice Recognition
    • Market Landscape
      • Market Overview
      • Market Size and Forecast
        • Table Global Voice Recognition Market 2014-2019 (US$ billion)
      • Five Forces Analysis
    • Market Segmentation by Product
      • Global Voice Recognition Market by Product Segmentation 2014
        • Table Global Voice Recognition Market by Product Segmentation 2014
      • Global Voice Recognition Market by Product Segmentation 2014-2019
        • Table Global Voice Recognition Market by Product Segmentation 2014-2019
    • Global Voice Recognition Software Market
      • Market Size and Forecast
        • Table Global Voice Recognition Software Market 2014-2019 (US$ billion)
      • Market Segmentation by Applications 2014
        • Table Global Voice Recognition Software Market by Applications 2014
      • Global Voice Recognition Software Market by Applications 2014-2019
        • Table Global Voice Recognition Software Market by Applications 2014-2019
      • Global ASR Market
        • Table Global ASR Market 2014-2019 (US$ million)
      • Global Text-to-speech Market
        • Table Global Text-to-speech Market 2014-2019 (US$ million)
      • Global Voice Biometrics Market
        • Table Global Voice Biometrics Market 2014-2019 (US$ million)
        • Speaker Identification
        • Speaker Verification
    • Global Voice Recognition Hardware Market
      • Market Size and Forecast
        • Table Global Voice Recognition Hardware Market 2014-2019 (US$ billion)
    • Geographical Segmentation
      • Table Global Voice Recognition Market by Geographical Segmentation 2014
    • Buying Criteria
    • Market Growth Drivers
    • Drivers and their Impact
    • Market Challenges
    • Impact of Drivers and Challenges
    • Market Trends
    • Trends and their Impact
    • Vendor Landscape
      • Competitive Scenario
      • Market Share Analysis 2014
      • Other Prominent Vendors
    • Key Vendor Analysis
      • Microsoft
        • Key Facts
        • Business Overview
        • Business Segmentation by Revenue 2013
          • Table Microsoft: Business Segmentation by Revenue 2013
        • Business Segmentation by Revenue 2012 and 2013
          • Table Microsoft: Business Segmentation by Revenue 2012 and 2013(US$ billion)
        • Geographical Segmentation by Revenue 2013
          • Table Microsoft: Geographical Segmentation by Revenue 2013
        • Business Strategy
        • Recent Developments
        • SWOT Analysis
      • Nuance Communications
        • Key Facts
        • Business Overview
        • Business Segmentation by Revenue 2013
          • Table Nuance Communications: Business Segmentation by Revenue 2013
        • Business Segmentation by Revenue 2012 and 2013
          • Table Nuance Communications: Business Segmentation by Revenue 2012 and 2013 (US$ million)
        • Geographical Segmentation by Revenue 2013
          • Table Nuance Communications: Geographical Segmentation by Revenue 2013
        • Business Strategy
        • Recent Developments
        • SWOT Analysis
      • ValidSoft
        • Key Facts
        • Business Overview
        • SWOT Analysis
    • Other Reports in this Series

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