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Mobile Speech Recognition Software - Global Market Trajectory & Analytics

  • ID: 2255370
  • Report
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Amazon Inc.
  • Apple Inc.
  • AT&T, Inc.
  • Baidu Inc.
  • Cisco Systems Inc.
  • Google Inc.
Global Mobile Speech Recognition Software Market to Reach $461.9 Million by 2027

Amid the COVID-19 crisis, the global market for Mobile Speech Recognition Software estimated at US$233.9 Million in the year 2020, is projected to reach a revised size of US$461.9 Million by 2027, growing at a CAGR of 10.2% over the period 2020-2027.







The U.S. Market is Estimated at $63.2 Million, While China is Forecast to Grow at 13.5% CAGR

The Mobile Speech Recognition Software market in the U.S. is estimated at US$63.2 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$98.3 Million by the year 2027 trailing a CAGR of 13.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7% and 8.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8% CAGR.

Select Competitors (Total 26 Featured):
  • Advanced Voice Recognition Systems Inc.
  • Amazon Inc.
  • Apple Inc.
  • AT&T, Inc.
  • Baidu Inc.
  • Cisco Systems Inc.
  • Google Inc.
  • IBM Corp.
  • LumenVox LLC
  • Microsoft Corp.
  • Nuance Communications Inc.
  • Sensory Inc.
Frequently Asked Questions about the Global Market for Mobile Speech Recognition Software

What is the estimated value of the Global Market for Mobile Speech Recognition Software?

The Global Market for Mobile Speech Recognition Software was estimated to be valued at $233.9 Million in 2020.

What is the growth rate of the Global Market for Mobile Speech Recognition Software?

The growth rate of the Global Market for Mobile Speech Recognition Software is 10.2%, with an estimated value of $461.9 Million by 2027.

What is the forecasted size of the Global Market for Mobile Speech Recognition Software?

The Global Market for Mobile Speech Recognition Software is estimated to be worth $461.9 Million by 2027.

Who are the key companies in the Global Market for Mobile Speech Recognition Software?

Key companies in the Global Market for Mobile Speech Recognition Software include Advanced Voice Recognition Systems Inc., Amazon Inc., Apple Inc., AT&T, Inc., Baidu Inc., Cisco Systems Inc., Google Inc., IBM Corp. and Microsoft Corp..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Amazon Inc.
  • Apple Inc.
  • AT&T, Inc.
  • Baidu Inc.
  • Cisco Systems Inc.
  • Google Inc.

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Mobile Speech Recognition Technology: Delivering the Power of Speech to Mobile Devices
  • Recent Market Activity
  • Speech Recognition Technology: An Indispensable Man-to-Machine Communication Tool in New-Age Mobile Devices
  • Recent Advancements in Mobile Speech Recognition Summarized
  • Nuance Communications
  • Google Now
  • Apple’s Siri
  • Amazon’s Alexa
  • Baidu’s Deep Speech
  • Microsoft Cortana
  • IBM Watson
  • Global Market Outlook
  • Developed Markets to Maintain their Dominance
  • Developing Countries to Drive Global Growth in the Short-to-Medium Term Period
  • China’s Speech Recognition Market: A Tough Nut to Crack for Google?
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS
  • Advanced Voice Recognition Systems, Inc. (USA)
  • Amazon, Inc. (USA)
  • Apple, Inc. (USA)
  • AT&T, Inc. (USA)
  • Baidu, Inc. (China)
  • Cisco Systems, Inc. (USA)
  • Google, Inc. (USA)
  • International Business Machines Corporation (USA)
  • LumenVox LLC (USA)
  • Microsoft Corporation (USA)
  • Nuance Communications, Inc. (USA)
  • Sensory, Inc. (USA)

3. MARKET TRENDS & DRIVERS
  • Growing Prominence of Voice-Based User Interface Technologies in Mobile Devices Drive Strong Market Growth
  • Sophisticated Conversational User Interfaces Set to Replace Graphical User Interface (GUI)
  • Advancements in Processing Power Improves Speech Recognition Efficiency
  • The Steadily Expanding Mobile Ecosystem Globally: An Important Opportunity Indicator
  • Robust Demand for Smartphones Sets the Perfect Platform for Market Growth
  • Despite Decline in Popularity, Feature-Rich and High-End Tablets Sustain Demand for Mobile Speech Recognition
  • Mobile SMS: An Underutilized Feature with Huge Untapped Potential for Mobile Speech Recognition Technology
  • Wearable & Hearable Devices: The Next Frontier to Conquer for Mobile Speech Recognition Technology
  • Speech Recognition Coupled with Hearable Technology to Transform User Experience
  • Emerging IoT to Widen Demand for Mobile Speech Recognition Technology
  • Cloud-Based Speech Technology Solutions Enhance Performance and Improves User Experience
  • Accuracy, Efficiency, and Response Time Benefits Spur Demand for Automated Speech Recognition (ASR)
  • Mobile Speech Recognition Technology to Revolutionize Voice Commerce and Voice Banking
  • Stringent Vehicle Driving Laws Augurs Well for Market Penetration
  • Use of Mobile Phone Navigation Applications Made Easy by Speech Recognition
  • Focus on Employee Productivity & Efficiency to Drive Adoption of Mobile SR in Enterprises
  • Growing Use of Voice Enabled Portals Drive Adoption in Enterprises
  • Speech Recognition Technologies to Drive Next Generation Marketing Campaigns
  • Favorable Trends in the Communications Industry Strengthens Market Prospects
  • Spurt in Internet Usage
  • Move towards Convergence
  • Proliferation of Embedded Devices
  • Rise in Social Networking
  • Substitution of Conventional Phone Services by VoIP
  • Key Factors Hampering Growth Prospects for Mobile Speech Recognition
  • Limited Understanding of Words and Inability to Process Large Vocabulary of Information
  • Low Accuracy due to Ambient Noise
  • Lack of Awareness
  • Need for Improvements in Processor Technology
  • High Cost of Speech Recognition Implementations
  • Noteworthy Trends in a Nutshell
  • Passwords Becoming More Prominent
  • Speech Recognition Integrating Voice Verification
  • Voice Search Gain Popularity

4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Current & Future Analysis for Mobile Speech Recognition Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 2: World Historic Review for Mobile Speech Recognition Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 3: World 15-Year Perspective for Mobile Speech Recognition Software by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2012, 2020 & 2027

III. MARKET ANALYSIS
  • UNITED STATES
  • Table 4: USA Current & Future Analysis for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 5: USA Historic Review for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • CANADA
  • Table 6: Canada Current & Future Analysis for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 7: Canada Historic Review for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • JAPAN
  • Table 8: Japan Current & Future Analysis for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 9: Japan Historic Review for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • CHINA
  • Table 10: China Current & Future Analysis for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 11: China Historic Review for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • EUROPE
  • Table 12: Europe Current & Future Analysis for Mobile Speech Recognition Software by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 13: Europe Historic Review for Mobile Speech Recognition Software by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 14: Europe 15-Year Perspective for Mobile Speech Recognition Software by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2012, 2020 & 2027
  • FRANCE
  • Table 15: France Current & Future Analysis for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 16: France Historic Review for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • GERMANY
  • Table 17: Germany Current & Future Analysis for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 18: Germany Historic Review for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • ITALY
  • Table 19: Italy Current & Future Analysis for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 20: Italy Historic Review for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • UNITED KINGDOM
  • Table 21: UK Current & Future Analysis for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 22: UK Historic Review for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • SPAIN
  • Table 23: Spain Current & Future Analysis for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 24: Spain Historic Review for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • RUSSIA
  • Table 25: Russia Current & Future Analysis for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 26: Russia Historic Review for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • REST OF EUROPE
  • Table 27: Rest of Europe Current & Future Analysis for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 28: Rest of Europe Historic Review for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • ASIA-PACIFIC
  • Table 29: Asia-Pacific Current & Future Analysis for Mobile Speech Recognition Software by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 30: Asia-Pacific Historic Review for Mobile Speech Recognition Software by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 31: Asia-Pacific 15-Year Perspective for Mobile Speech Recognition Software by Geographic Region - Percentage Breakdown of Value Sales for Australia, India, South Korea and Rest of Asia-Pacific Markets for Years 2012, 2020 & 2027
  • AUSTRALIA
  • Table 32: Australia Current & Future Analysis for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 33: Australia Historic Review for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • INDIA
  • Table 34: India Current & Future Analysis for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 35: India Historic Review for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • SOUTH KOREA
  • Table 36: South Korea Current & Future Analysis for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 37: South Korea Historic Review for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • REST OF ASIA-PACIFIC
  • Table 38: Rest of Asia-Pacific Current & Future Analysis for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 39: Rest of Asia-Pacific Historic Review for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • LATIN AMERICA
  • Table 40: Latin America Current & Future Analysis for Mobile Speech Recognition Software by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 41: Latin America Historic Review for Mobile Speech Recognition Software by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 42: Latin America 15-Year Perspective for Mobile Speech Recognition Software by Geographic Region - Percentage Breakdown of Value Sales for Argentina, Brazil, Mexico and Rest of Latin America Markets for Years 2012, 2020 & 2027
  • ARGENTINA
  • Table 43: Argentina Current & Future Analysis for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 44: Argentina Historic Review for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • BRAZIL
  • Table 45: Brazil Current & Future Analysis for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 46: Brazil Historic Review for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • MEXICO
  • Table 47: Mexico Current & Future Analysis for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 48: Mexico Historic Review for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • REST OF LATIN AMERICA
  • Table 49: Rest of Latin America Current & Future Analysis for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 50: Rest of Latin America Historic Review for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • MIDDLE EAST
  • Table 51: Middle East Current & Future Analysis for Mobile Speech Recognition Software by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 52: Middle East Historic Review for Mobile Speech Recognition Software by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 53: Middle East 15-Year Perspective for Mobile Speech Recognition Software by Geographic Region - Percentage Breakdown of Value Sales for Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets for Years 2012, 2020 & 2027
  • IRAN
  • Table 54: Iran Current & Future Analysis for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 55: Iran Historic Review for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • ISRAEL
  • Table 56: Israel Current & Future Analysis for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 57: Israel Historic Review for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • SAUDI ARABIA
  • Table 58: Saudi Arabia Current & Future Analysis for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 59: Saudi Arabia Historic Review for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • UNITED ARAB EMIRATES
  • Table 60: UAE Current & Future Analysis for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 61: UAE Historic Review for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • REST OF MIDDLE EAST
  • Table 62: Rest of Middle East Current & Future Analysis for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 63: Rest of Middle East Historic Review for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • AFRICA
  • Table 64: Africa Current & Future Analysis for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 65: Africa Historic Review for Mobile Speech Recognition Software by Segment - Mobile Speech Recognition Software Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

IV. COMPETITION
  • Total Companies Profiled: 26
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Advanced Voice Recognition Systems Inc.
  • Amazon Inc.
  • Apple Inc.
  • AT&T, Inc.
  • Baidu Inc.
  • Cisco Systems Inc.
  • Google Inc.
  • IBM Corp.
  • LumenVox LLC
  • Microsoft Corp.
  • Nuance Communications Inc.
  • Sensory Inc.
Note: Product cover images may vary from those shown