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.
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.
Apple, Google, Microsoft, Nuance.
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