Voice Recognition Market for Smartphones in the US 2015-2019
Market outlook of the voice recognition market for smartphones in the US
Voice recognition is a type of authentication technology where sounds, words, or phrases spoken by humans are converted into electrical signals with assigned meanings. In this market research report, Technavio analysts estimate the voice recognition market in the US to surpass USD 601 million by 2019 owing to its augmented application in sending mails, messages, and we search.
Growing popularity of voice recognition in smartphones is the key driver for the growth of this market. Since voice recognition eases the way users search websites, take notes, and send emails, it is gradually expected to gain traction and boost market growth during the forecast period.
Competitive landscape and key vendors
This market is dominated by large vendors like Apple and Google who provide technology to smartphone OEMs to enable voice recognition. Smaller vendors entering this market focus on developing apps that are more accurate, and faster than Apples' Siri or Googles Google Now.
Leading vendors in this market are -
Voice recognition: A revolution on the rise
Voice recognition technology has been available for decades but wasn’t suited for smartphones owing to their low processing power and lack of internet connectivity. However, with the advancement of processing capabilities and the improvement of network connectivity, voice recognition has become a common feature in smartphones.
Growth drivers, challenges, and upcoming trends: Voice recognition
Technavio’s market research analyst has estimated upcoming trends, such as crowdfunding, to spur market growth during the forecast period. As most voice recognition apps present in the market are not perfect in context of accuracy and user friendliness, multiple small vendors try to enter this market through crowdfunding to raise funds for their projects and to gain prominence in this market during the forecast period.
This report provides a number of factors contributing to the adoption, limitations, and opportunities of the voice recognition market for smartphones in the US. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.
Key questions answered in the report include
What will the market size and the growth rate be in 2019?
What are the key factors driving the voice recognition market for smartphones in the US?
What are the key market trends impacting the growth of the voice recognition market for smartphones in the US?
What are the challenges to market growth?
Who are the key vendors in the voice recognition market for smartphones in the US?
What are the market opportunities and threats faced by the vendors in the voice recognition market for smartphones in the US?
What are the key outcomes of the five forces analysis of the voice recognition market for smartphones in the US?
Technavio also offers customization on reports based on specific client requirement.
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Technavio Announces the Publication of its Research Report – Voice Recognition Market for Smartphones in the US 2015-2019
Technavio recognizes the following companies as the key players in the Voice recognition Market for Smartphones in the US: Apple, Google, Microsoft and Nuance Communications
Commenting on the report, an analyst from Technavio’s team said: “The voice recognition market for smartphones in the US is dominated by a few players. This is because Nuance is the only prominent vendor developing products for mobile OEMs such as Samsung, Blackberry, and Acer. Second, major smartphone vendors in the US have their own voice recognition software; Apple has Siri, Microsoft has Speech and Cortana, Google has Google Now, and Samsung has S-voice.”
According to the report, voice recognition is gaining popularity among smartphone users because it makes it easy for users to search websites, take notes, send emails, or fix an appointment on their smartphones. It also eliminates the need for typing while the user is on the move as they can just give voice commands to their smartphones. The smartphones not only take commands, but also read out the message for the user.
Further, the report states that the development of voice recognition systems for different audiences speaking different languages with different accents is one of the major challenges facing the market.
Apple, Google, Microsoft and Nuance Communications.