Global Voice Recognition Market 2015-2019

  • Published: Jan 2015
  • Pages: 64
  • SKU: IRTNTR5107
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About Voice Recognition
Voice recognition is a software that has the ability to convert and decode human voice into speech easily understood by a computer. It is an ability of a machine to receive, understand, and dictate the spoken commands. Voice recognition is used for biometric security purposes to determine the voice of a particular person to grant or deny the access. This technology has become very popular in mobile banking, which requires identification of authenticated users by their spoken commands to help them make transactions.
TechNavio's analysts forecast the Global Voice Recognition market to grow at a CAGR of 9.40 percent over the period 2014-2019.

Covered in this Report
The report covers the present scenario and the growth prospects of the Global Voice Recognition market for the period 2015-2019. To calculate the market size, the report considers the revenue generated from:
• Hardware: The revenue generated from the sales of hardware systems
• Software: The revenue generated from the sales of software applications
The report also includes the detailed analysis of the following software applications:
• ASR
• Voice biometrics: This includes the revenue from speaker identification and speaker verification systems
• Text-to-speech
It also presents the vendor ranking and a corresponding detailed analysis of the top four vendors in the Global Voice Recognition market. In addition, the report discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends emerging in the market.   

Key Regions
• Americas
• APAC
• EMEA

Key Vendors
• Microsoft
• Nuance Communications
• Validsoft

Other Prominent Vendors
 • Advanced Voice Recognition Systems
• Agnitio
• AT&T
• Auraya Systems
• LumenVox
• Raytheon BBN Technologies
• Telisma
• Voice Biometrics Group
• Voice Trust
• 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 Demand in the Healthcare Industry
• For a full, detailed list, view our report

Key Questions Answered in this Report
• What will the market size, market forecast 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?

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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