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Global Voice Recognition Market for Smartphones 2015-2019

About voice recognition

Voice recognition refers to an authentication technology where sounds, words, or phrases spoken by humans are changed into electrical signals and are converted into coding patterns and assigned meanings. Each human voice is different, and identical words can have different meanings if spoken with different inflections or in different contexts. Voice-based technology is divided into two groups: text independent and text dependent. In this report, Technavio consider products such as Siri, Google Now, and Cortana as voice recognition solutions. They may also double up as virtual assistants providing useful information to smartphone users by collecting voice data. The report also considers third-party apps that can be installed on smartphones but focusses on products provided by Google, Apple, Nuance, and Microsoft.

Technavio's analysts forecast the global voice recognition market for smartphones to grow at a CAGR of 10.3% over the period 2014-2019.

Covered in this report

This report covers the present scenario and the growth prospects of the global voice recognition market for smartphones for the period 2015-2019. The report presents the vendor landscape and a corresponding detailed analysis of the top vendors in the market. In addition, it discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends emerging in the market.

Technavio's report, Global Voice Recognition Market for Smartphones 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report includes the landscape of the market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key vendors

  • Apple
  • Google
  • Microsoft
  • Nuance
Key market driver
  • Cloud-based voice recognition
  • For a full, detailed list, view our report
Key market challenge
  • Need for constant connectivity
  • For a full, detailed list, view our report
Key market trend
  • Voice 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 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 for Smartphones 2015-2019

Technavio recognizes the following companies as the key players in the Global Voice recognition Market for Smartphones: Apple, Google, Microsoft, and Nuance.

Commenting on the report, an analyst from Technavio’s team said: “Many vendors are working toward the integration of voice verification with speech recognition technology. Instead of offering voice verification as a stand-alone product, vendors are offering integrated functioning of voice verification and speech recognition.”

According to the report, the need for a strong verification process is leading to the growing integration of voice authentication in mobile banking.

Further, the report states, though voice recognition systems have the ability to recognize many languages and determine the authenticity of a voice, the market still needs to overcome the lack of accuracy of the system.

Companies Mentioned

Apple, Google, Microsoft, Nuance.

  • Executive summary
    • Highlights
  • Scope of the report
    • Definitions
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Functioning of technology
      • Table Voice recognition process
    • Voice recognition: A revolution on the rise
    • Market size and forecast
      • Table Mobile OS market share 2012-2015
      • Table Global voice recognition market for smartphones 2014-2019 (million units)
    • Five forces analysis
      • Table Five forces analysis
  • Geographical segmentation
    • By revenue generation
      • Table Geographical segmentation by revenue generation 2014
    • By smartphone penetration
      • Table Geographical segmentation by smartphone penetration 2014-2019
  • Market drivers and their impact
    • Cloud-based voice recognition
    • Safety regulations
    • Growing demand for voice authentication in mobile banking
    • Growing smartphone market
    • Decline in smartphone ASP
  • Market challenges and their impact
    • Need for constant connectivity
    • Conscious users
    • Inaccurate voice recognition system
    • Low usage of voice recognition
  • Market trends and their impact
    • Voice recognition software becoming personal assistant
    • Data security and privacy issues
    • Integration of voice verification with speech recognition
  • Vendor landscape
    • Competitive scenario
  • Key-vendor analysis
    • Apple
      • Table Apple: Business segmentation by revenue 2014
      • Table Apple: Business segmentation by revenue 2013 and 2014
    • Google
      • Table Google: Comparison of advertising revenues and other revenues 2013 and 2014 ($ billions)
      • Table Google: Geographical segmentation by revenue 2014
    • Microsoft
      • Table Microsoft: Business segmentation by revenue 2014
      • Table Microsoft: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table Microsoft: Geographical segmentation by revenue 2014
    • Nuance Communications
      • Table Nuance Communications: Business segmentation by revenue 2014
      • Table Nuance Communications: Business segmentation by revenue 2013 and 2014 ($ millions)
      • Table Nuance Communications: Geographical segmentation by revenue 2014
  • Appendix
    • List of abbreviations
  • Explore Technavio

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