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The US - voice recognition market size for smartphones is forecast to increase by USD 155.1 million, at a CAGR of 13.64% between 2023 and 2028. The voice recognition market for smartphones is experiencing significant growth, driven by several key factors. The increasing adoption of advanced mobile devices, equipped with powerful processors and superior microphones, is enabling more accurate and reliable voice recognition technology. Additionally, the demand for voice-driven navigation systems and workstations is surging, as users seek to streamline their digital experiences and multitask more efficiently. Furthermore, the use of voice biometrics for enhanced security is gaining traction, offering an added layer of convenience and protection for users. These trends are fueling the growth of the voice recognition market for smartphones, making it an exciting and dynamic sector to watch.
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In today's interconnected world, electronic devices play a pivotal role in shaping our daily lives. From voice-activated biometrics ensuring secure access to IoT devices in our homes, to in-car infotainment systems like Android Auto providing seamless connectivity on the road, technology integrates seamlessly into our routines. Electronic Health Record systems streamline patient care, adhering to stringent healthcare regulations to safeguard sensitive data. Companies like Google LLC drive innovation through open-source software and AI-based technology, enhancing digital assistants and client-based speech recognition on mobile phones and other platforms. Emerging trends like Virtual Reality and machine learning (ML) redefine user experiences, while merger transactions reshape industry landscapes. As we navigate this digital era, these advancements underscore the transformative power of technology across automobiles and beyond, promising a future where connectivity and innovation converge for greater convenience and efficiency.
Increasing adoption of technologically advanced mobile devices is the key factor driving the growth of the US voice recognition market size. Mobile subscriptions have grown rapidly across the globe, and end users have opted for technologically advanced mobile devices for their personal and business use. The remarkable growth in the global smartphone industry is leading to an upsurge in the number of mobile voice recognition users. The remarkable growth in the global smartphone industry is leading to a proliferation in the number of mobile voice recognition users.
Moreover, mobile voice assistant app developers need managed services such as backend solutions (BaaS) and web-integrated development environments to develop mobile speech recognition software creative motion. The growth in the number of connected devices worldwide is a major driver of demand for speech recognition software. Therefore, the increasing adoption of mobile devices is expected to further accelerate the growth of the market during the forecast period.
The growing use of AI integrated with voice speech recognition is the primary trend in the market. Through AI-based categorization of voice and speech data, words, acoustics, and sentiments can be analyzed automatically and efficiently as well as hidden opinions and emotions can be derived. This enhances the analysis of the data. Voice and speech data are considered unstructured, which needs categorization as without it, data cannot be analyzed.
Moreover, an AI-integrated analytics platform will optimize the pattern recognition process based on words, language, and tone of voice within a huge volume of voice and speech data. Such comprehensive data categorization is expected to derive critical insights proactively and in real-time, especially in the customer management domain. Hence, AI integrated with voice speech recognition is considered a positive trend that is influencing the voice recognition market for smartphones in the US during the forecast period.
The lack of a skilled workforce is a challenge that affects the growth of the market. Speech and voice analysis is a complicated technological process. This requires a highly skilled workforce with an integrated knowledge of speech and speech phenomena, as well as expertise in handling advanced analytical software platforms. Lack of manpower with such specific skills is said to be hindering the growth of the market.
Furthermore, businesses cannot effectively use speech recognition software without access to the right resources with practical knowledge of speech and voice analytics. This is a major challenge for end users and is expected to hinder the growth of the market during the forecast period.
The market share growth by the automatic speech recognition segment will be significant during the forecast period. Automatic speech recognition (ASR) is a technology that allows people to use their voice to communicate with a computer interface. In its multiple advanced variations, ASR can simulate real human conversation. The most advanced version of ASR technology currently in use focuses on what is known as natural language processing (NLP).
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The automatic speech recognition segment showed a gradual increase in the market share of USD 62.10 million in 2018. The increasing and easier demand for voice recognition is encouraging market players to introduce advanced speech recognition software. For example, in December 2022, LumenVox GmbH launched its next-generation ASR engine with transcription. The rising automation of speech recognition and the increasing number of smartphone users are likely to drive the growth of the automatic speech recognition segment in the US - voice recognition market for smartphones during the forecast period.
The US voice recognition market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
US Voice Recognition Market for Smartphones Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
You may also interested in below market reports:
1. Voice Speech Recognition Software Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, China, Japan, Germany, UK - Size and Forecast
2. US - Voice Recognition Market for Smartphones by Technology and Deployment - Forecast and Analysis
3. Voice Biometrics Market Analysis North America,APAC,Europe,South America,Middle East and Africa - US,China,Japan,UK,Germany - Size and Forecast
In the realm of automotive technologies, In-ar infotainment systems powered by cloud technology redefine the driving experience. EHR systems in emergency medicine leverage Artificial Intelligence and platforms like Google's RankBrain to enhance diagnostics in radiology and pathology. Automated Speech Recognition integrated with Alexa voice services facilitates seamless interactions, while Yellow Messenger utilizes AWS for scalable solutions in telecommunications and ecommerce. Meta platforms like Cortana and Speechmatics Voice report drive innovation in entertainment and legal sectors, integrating AI for personalized user experiences. SMEs benefit from Cloud technology for agile operations, supported by solutions from Latin Minds Digital. As technology evolves, these advancements underscore the transformative impact of telecommunications and ecommerce, promising a future where connectivity and efficiency converge for businesses and consumers alike.
Industry Scope |
|
Report Coverage |
Details |
Page number |
128 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 13.64% |
Market growth 2024-2028 |
USD 155.1 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
11.71 |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
3M Co., Advanced Voice Recognition Systems Inc., Alphabet Inc., Amazon.com Inc., Apple Inc., AT and T Inc., Aware Inc., Baidu Inc., International Business Machines Corp., Koninklijke Philips N.V., LumenVox GmbH, M2SYS, Microsoft Corp., Qualcomm Inc., Rev.com Inc., Samsung Electronics Co. Ltd., Sensory Inc., Sonix Inc., Summa Linguae Technologies S.A., and Verizon Communications Inc. |
Market dynamics |
Parent market analysis, Market forecasting growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Technology
7 Market Segmentation by Deployment
8 Customer Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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