Voice Recognition Market for Smartphones in the US 2015-2019

  • Published: Dec 2015
  • Pages: 55
  • SKU: IRTNTR7580
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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 -

  • Apple
  • Google
  • Microsoft
  • Nuance Communications

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?

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Table of Contents

PART 01: Executive summary

  • Highlights
  • PART 02: Scope of  the report
  • Definitions
  • Base year
  • Forecast period
  • Market coverage
  • Market size calculation
  • Top-vendor offerings
  • PART 03: Market research methodology
  • Research methodology
  • Economic indicators
  • 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
  • Safety regulations

PART 07: Impact of drivers

PART 08: Market challenges

  • Improving accuracy
  • Low usage of voice recognition
  • Need for constant connectivity
  • Overcoming self-consciousness

PART 09: Impact of drivers and challenges

PART 10: Market trends

  • Increase in web search on mobile devices
  • Crowdfunding
  • Growing investment in voice recognition technology
  • Voice recognition software becoming like a personal assistant

PART 11: Vendor landscape

  • Competitive scenario

PART 12: Key vendor analysis

  • Apple
  • Google
  • Microsoft
  • Nuance Communications

PART 13: Appendix

  • List of abbreviations

PART 14: Explore Technavio

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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