Report Overview
About Speech Recognition Software
A speech recognition software identifies words spoken by an individual or speaker into a microphone, converts them into a computer-readable format, and responds automatically. These software applications recognize speech in multiple languages. These applications are used both by individual consumers and enterprises in the healthcare; banking, financial services, and insurance; legal; and telecommunications sectors for a number of purposes including fraud management, speaker verification, speaker identification, biometrics, and vehicle telematics. The biometrics segment is seeing a high demand for speech recognition software because of the growing instances of fraud. Vendors are developing easy-to-deploy and cost-effective speech recognition applications that help in fraud management.
Technavio’s analysts forecast the global speech recognition software market to grow at a CAGR of 16.99% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global speech recognition software market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of speech recognition solutions, including software, integrated solutions, and services.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Speech Recognition Software Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• AT&T
• IBM
• Microsoft
• Nuance Communications
Other prominent vendors
• Dolby Systems
• LumenVox
• OnMobile Global
• Raytheon BBN Technologies
• Sensory
• Tellme Networks
• 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 use of voice passwords
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 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?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Table Of Contents
PART 01: Executive summary
• Highlights
PART 02: Scope of the report
• Market overview
• Top-vendor offerings
PART 03: Market research methodology
• Research methodology
• Economic indicators
PART 04: Introduction
• Key market highlights
PART 05: Market landscape
• Market overview
• Technology segments
• Advantages and disadvantages of speech recognition software
• Market size and forecast
• Global speech recognition market by product segmentation 2015
PART 06: Five forces analysis
PART 07: Market segmentation by application
• Global speech recognition software market by application
PART 08: Market segmentation by end-user
• Enterprise users
• Individual users
PART 09: Geographical segmentation
• Global speech recognition software market by region
• Global speech recognition software market by region 2015-2020 (revenue)
PART 10: Key leading countries
• US
• UK
• Japan
PART 11: Buying Criteria
PART 12: Market drivers
• Increased use of biometrics
• Demand for speech recognition on mobile devices
• Use of speech recognition in healthcare industry
• Need to improve competitive approach
PART 13: Impact of drivers
PART 14: Market challenges
• Lack of accuracy
• Security concerns
• Lack of awareness among end-users
• Inability to suppress surrounding noise
PART 15: Impact of drivers and challenges
PART 16: Market trends
• Increased use of voice passwords
• Integration of voice verification with speech recognition
• Use in the gaming industry
• Technological advances in speech recognition technology
PART 17: Vendor landscape
• Competitive scenario
• Description of major vendors
• Other prominent vendors
PART 18: Appendix
• List of abbreviations
PART 19: Explore Technavio
List of Exhibits
Exhibit 01: Product offerings
Exhibit 02: Automatic speech recognizer workflow
Exhibit 03: Global speech recognition software market 2015-2020 ($ billions)
Exhibit 04: Global speech recognition market by product segmentation 2015
Exhibit 05: Five forces analysis
Exhibit 06: Global speech recognition software market by application 2015
Exhibit 07: Global speech recognition software market by applications 2015-2020
Exhibit 08: Global speech recognition software market by applications, 2015-2020 ($ millions)
Exhibit 09: Market segmentation by end-user 2015
Exhibit 10: Global speech recognition software market by region 2015
Exhibit 11: Global speech recognition software market by region 2015-2020
Exhibit 12: Global speech recognition software market by region 2015-2020 ($ millions)
Exhibit 13: Impacting factors in US
Exhibit 14: Impacting factors in UK
Exhibit 15: Impacting factors in Japan
Exhibit 16: Buying criteria
Exhibit 17: Impact of drivers
Exhibit 18: Impact of drivers and challenges
Exhibit 19: Product offerings of other prominent vendors