- Published: May 2012
- Region: Global
Global Voice Recognition Market 2012-2016
- ID: 2386310
- December 2012
- Region: Global
- 41 pages
TechNavio's analysts forecast the Global Voice Recognition market to grow at a CAGR of 22.07 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand for voice biometrics. The Global Voice Recognition market has also been witnessing the increasing demand for speech recognition in mobile devices. However, the inability to suppress ambient noise could pose a challenge to the growth of this market.
TechNavio's report, the Global Voice Recognition Market 2012-2016, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Voice Recognition market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The key vendors dominating this market space are Nuance Communications Inc., MModal Inc., and ValidSoft Ltd.
The other vendors mentioned in the report are Agnitio Corp., Advanced Voice recognition systems Inc., LumenVox LLC, Telisma/On Mobile Global Ltd., AT&T Inc., Raytheon BBN Technologies, Microsoft Tellme, Voxeo Corp., Speech Technology Center, Voice Trust AG, VoiceVault Inc., Voice Biometrics Group, and Auraya Systems Pty. Ltd.
Key questions answered in this report:
What will the market size be in 2016 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?
You can request one free hour of analyst time when you purchase this report. Details provided within the report.
TechNavio's research portfolio in the Enterprise Computing series includes reports on the ERP market, CRM market, enterprise software market, supply chain management market, web analytics market, enterprise applications market, mobile device management market, SOA market, electronic health record market, records management market, workforce management market SHOW LESS READ MORE >
01. Executive Summary
03. Market Coverage
04. Market Landscape
04.1 Market Size and Forecast
04.2 Market Segmentation
04.3 Five Forces Analysis
05. Geographical Segmentation
06. Key Leading Countries
07. Vendor Landscape
08. Buying Criteria
09. Market Growth Drivers
10. Drivers and their Impact
11. Market Challenges
12. Impact of Drivers and Challenges
13. Market Trends
14. Key Vendor Analysis
14.1 Nuance Communications Inc.
14.2 MModal Inc.
14.3 ValidSoft Ltd.
15. Other Reports in this Series
List of Exhibits:
Exhibit 1: Global Voice Recognition Market 2012-2016 (US$ billion)
Exhibit 2: Global Voice Recognition Market Segmentation 2012-2016 (US$ million)
Exhibit 3: Global Voice Recognition Market Segmentation 2012-2016 (percentage)
Exhibit 4: Global Voice Recognition Market by Geographical Segmentation 2012
Exhibit 5: List of Companies Acquired by Nuance Communications Inc.
Exhibit 6: Business Segmentation of Nuance Communications Inc.
Exhibit 7: Business Segmentation of MModal Inc.
Exhibit 8: Business Segmentation of ValidSoft Ltd.
TechNavio Announces the Publication of its Research Report - Global Voice Recognition Market 2012-2016
TechNavio today launched its report, Global Voice Recognition Market 2012-2016, based on an in-depth analysis covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers' understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio's Enterprise Computing team said: ''The need for stronger verification is leading to the growing integration of voice authentication into mobile banking. In regions such as North America and Western Europe, a large number of banking customers use phone banking facilities. Large numbers of these financial institutions are adopting voice-based authentication solutions to accept or reject mobile transactions by a user. In addition, incorporating voice authentication in mobile devices is cost effective and at the same time provides stronger security. Hence, the trend of integrating voice authentication in mobile banking is expected to grow stronger over the years. Indeed, phone-based banking institutions are partnering with voice authentication vendors and the incorporation of voice metrics is becoming a key competitive advantage.''
According to the report, usage of speaker identification technology for forensic purposes is one of the major drivers of the Global Voice Recognition market. It undergoes a complex process of determining if the voice of a crime suspect matches the voice of forensic samples. This technology enables crime departments to identify criminals with one of the most unique human characteristics, the voice, thereby offering a relatively high level of accuracy. Forensic experts match the voice of suspects with samples until they find the criminal. Recently this technology has been utilized to help solve several criminal cases.
Further, the report reveals that the difficulty of suppressing ambient noise is one of the major challenges confronting this market.
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.
Nuance Communications, MModal, ValidSoft, Agnitio, Advanced Voice recognition systems, LumenVox, Telisma/On Mobile Global, AT&T, Raytheon BBN Technologies, Microsoft Tellme, Voxeo, Speech Technology Center, Voice Trust, VoiceVault, Voice Biometrics Group, Auraya Systems