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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Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
Market size calculation
PART 03: Market research methodology
PART 04: Introduction
Key market highlights
Functioning of technology
Structure of voice recognition system
Voice recognition: A growing revolution
PART 05: Market landscape
Market size and forecast
Five forces analysis
PART 06: Market drivers
Increase in mobility
Growing popularity of voice recognition in smartphones
Cloud-based voice recognition
PART 07: Impact of drivers
PART 08: Market challenges
Low usage of voice recognition
Need for constant connectivity
PART 09: Impact of drivers and challenges
PART 10: Market trends
Increase in web search on mobile devices
Growing investment in voice recognition technology
Voice recognition software becoming like a personal assistant
PART 11: Vendor landscape
PART 12: Key vendor analysis
PART 13: Appendix
List of abbreviations
PART 14: Explore Technavio
List of Exhibits
Exhibit 01: Product offerings
Exhibit 02: Voice recognition process
Exhibit 03: Structure of voice recognition system
Exhibit 04: Voice recognition market for smartphones in US ($ millions)
Exhibit 05: Five forces analysis
Exhibit 06: Impact of drivers
Exhibit 07: Impact of drivers and challenges
Exhibit 08: Time spent per user per day on smartphones in US 2011-2015
Exhibit 09: Competitive scenario: Voice recognition technology
Exhibit 10: Apple: Business segmentation by revenue 2014
Exhibit 11: Apple: Business segmentation by revenue 2013 and 2014
Exhibit 12: Google: Comparison of advertising revenues and other revenues 2013 and 2014 ($ billions)
Exhibit 13: Google: Geographical segmentation by revenue 2014
Exhibit 14: Microsoft: Business segmentation by revenue 2014
Exhibit 15: Microsoft: Business segmentation by revenue 2013 and 2014 ($ billions)
Exhibit 16: Microsoft: Geographical segmentation by revenue 2014
Exhibit 17: Nuance Communications: Business segmentation by revenue 2014
Exhibit 18: Nuance Communications: Business segmentation by revenue 2013 and 2014 ($ millions)
Exhibit 19: Nuance Communications: Geographical segmentation by revenue 2014