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Global Voice Recognition Market 2015-2019

  • ID: 3067055
  • Report
  • January 2015
  • Region: Global
  • 64 pages
  • TechNavio
1 of 5

FEATURED COMPANIES

  • Agnitio
  • Auraya Systems
  • Microsoft
  • Raytheon BBN Technologies
  • Validsoft
  • Voice Trust
  • MORE
 
One Hour Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

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 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.

The 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 Drivers
- Increased Use of Biometrics
- For a full, detailed list, view our report

Market Challenges
- Lack of Accuracy
- For a full, detailed list, view our report

Market Trends
- Increased Demand in Healthcare Industry
- For a full, detailed list, view our report

Key Questions Answered in this Report
- What will the market size 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?

The report is also available as part of our annual subscription offer. Please get in touch with our customers service team in order to find out more.
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Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Agnitio
  • Auraya Systems
  • Microsoft
  • Raytheon BBN Technologies
  • Validsoft
  • Voice Trust
  • MORE
 
One Hour Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
03.1 Market Overview
03.2 Product Offerings
04. Market Research Methodology
04.1 Market Research Process
04.2 Research Methodology
05. Introduction
06. Market Description
06.1 Introduction to Voice Recognition
06.2 Criteria for Voice Recognition Software
06.3 Advantages and Disadvantages of Voice Recognition Software
06.4 Types of Voice Recognition
07. Market Landscape
07.1 Market Overview
07.2 Market Size and Forecast
07.3 Five Forces Analysis
08. Market Segmentation by Product
08.1 Global Voice Recognition Market by Product Segmentation 2014
08.2 Global Voice Recognition Market by Product Segmentation 2014-2019
09. Global Voice Recognition Software Market
09.1 Market Size and Forecast
09.2 Market Segmentation by Applications 2014
09.3 Global Voice Recognition Software Market by Applications 2014-2019
09.4 Global ASR Market
09.5 Global Text-to-speech Market
09.6 Global Voice Biometrics Market
09.6.1 Speaker Identification
09.6.2 Speaker Verification
10. Global Voice Recognition Hardware Market
10.1 Market Size and Forecast
11. Geographical Segmentation
12. Buying Criteria
13. Market Growth Drivers
14. Drivers and their Impact
15. Market Challenges
16. Impact of Drivers and Challenges
17. Market Trends
18. Trends and their Impact
19. Vendor Landscape
19.1 Competitive Scenario
19.2 Market Share Analysis 2014
19.3 Other Prominent Vendors
20. Key Vendor Analysis
20.1 Microsoft
20.1.1 Key Facts
20.1.2 Business Overview
20.1.3 Business Segmentation by Revenue 2013
20.1.4 Business Segmentation by Revenue 2012 and 2013
20.1.5 Geographical Segmentation by Revenue 2013
20.1.6 Business Strategy
20.1.7 Recent Developments
20.1.8 SWOT Analysis
20.2 Nuance Communications
20.2.1 Key Facts
20.2.2 Business Overview
20.2.3 Business Segmentation by Revenue 2013
20.2.4 Business Segmentation by Revenue 2012 and 2013
20.2.5 Geographical Segmentation by Revenue 2013
20.2.6 Business Strategy
20.2.7 Recent Developments
20.2.8 SWOT Analysis
20.3 ValidSoft
20.3.1 Key Facts
20.3.2 Business Overview
20.3.3 SWOT Analysis
21. Other Reports in this Series

List of Exhibits
Exhibit 1: Market Research Methodology
Exhibit 2: Voice Recognition Process
Exhibit 3: Global Voice Recognition Market 2014-2019 (US$ billion)
Exhibit 4: Global Voice Recognition Market by Product Segmentation 2014
Exhibit 5: Global Voice Recognition Market by Product Segmentation 2014-2019
Exhibit 6: Global Voice Recognition Software Market 2014-2019 (US$ billion)
Exhibit 7: Global Voice Recognition Software Market by Applications 2014
Exhibit 8: Global Voice Recognition Software Market by Applications 2014-2019
Exhibit 9: Global ASR Market 2014-2019 (US$ million)
Exhibit 10: Global Text-to-speech Market 2014-2019 (US$ million)
Exhibit 11: Global Voice Biometrics Market 2014-2019 (US$ million)
Exhibit 12: Global Voice Recognition Hardware Market 2014-2019 (US$ billion)
Exhibit 13: Global Voice Recognition Market by Geographical Segmentation 2014
Exhibit 14: Microsoft: Business Segmentation by Revenue 2013
Exhibit 15: Microsoft: Business Segmentation by Revenue 2012 and 2013(US$ billion)
Exhibit 16: Microsoft: Geographical Segmentation by Revenue 2013
Exhibit 17: Nuance Communications: Business Segmentation by Revenue 2013
Exhibit 18: Nuance Communications: Business Segmentation by Revenue 2012 and 2013 (US$ million)
Exhibit 19: Nuance Communications: Geographical Segmentation by Revenue 2013
Note: Product cover images may vary from those shown
3 of 5

FEATURED COMPANIES

  • Agnitio
  • Auraya Systems
  • Microsoft
  • Raytheon BBN Technologies
  • Validsoft
  • Voice Trust
  • MORE
 
One Hour Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

Commenting on the report, an analyst from the team said: “One of the emerging trends is the increased demand for voice recognition in the Healthcare industry. Voice recognition helps in improving efficiency by reducing the time taken for notes and filling out charts for patients. Also, this helps in dictating notes almost around three times faster than typing. Thus, this improves time saving for diagnosing and treating patients.”

According to the report, one of the factors of the market is the increased use of biometrics. The Biometrics segment is witnessing a high demand for speech recognition applications because of the rise in fraudulent activities globally. Also, the vendors in this segment are developing cost-effective and easy-to-deploy ASR applications.

Further, the report states that one of the main challenges that the market faces is the lack of accuracy in voice recognition systems. Voice recognition applications are highly sound-sensitive, and hence any ambient noise reduces its accuracy levels.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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One Hour Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

- Microsoft
- Nuance Communications
- Validsoft
- Advanced Voice Recognition Systems
- Agnitio
- AT&T
- Auraya Systems
- LumenVox
- Raytheon BBN Technologies
- Telisma
- Voice Biometrics Group
- Voice Trust
- Voxeo
Note: Product cover images may vary from those shown
5 of 5
Note: Product cover images may vary from those shown
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