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Mobile Speech Recognition Software - Global Market Trajectory & Analytics

  • ID: 2255370
  • Report
  • May 2020
  • Region: Global
  • 122 Pages
  • Global Industry Analysts, Inc
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Amid the COVID-19 crisis and the looming economic recession, the Mobile Speech Recognition Software market worldwide will grow by a projected US$228 Million, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 10.2%. Mobile Speech Recognition Software, one of the segments analyzed and sized in this study, is forecast to grow at over 10.2% and reach a market size of US$461.9 Million by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Mobile Speech Recognition Software market will be reset to a new normal which going forward in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.

As part of the new emerging geographic scenario, the United States is forecast to readjust to a 8.7% CAGR. Within Europe, the region worst hit by the pandemic, Germany will add over US$8.5 Million to the region's size over the next 7 to 8 years. In addition, over US$7.4 Million worth of projected demand in the region will come from Rest of the European markets. In Japan, the Mobile Speech Recognition Software segment will reach a market size of US$22.5 Million by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Mobile Speech Recognition Software market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world’s second largest economy will grow at 14.3% over the next couple of years and add approximately US$47.4 Million in terms of addressable market opportunity. Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Mobile Speech Recognition Software market landscape. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others:

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.

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
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?
Global Competitor Market Shares
Mobile Speech Recognition Software Competitor Market Share Scenario Worldwide (in %): 2020 & 2029
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: Mobile Speech Recognition Software Global Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027
TABLE 2: Mobile Speech Recognition Software Global Retrospective Market Scenario in US$ Thousand by Region/Country: 2012-2019
TABLE 3: Mobile Speech Recognition Software Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
Market Facts & Figures
Market Analytics
TABLE 4: United States Mobile Speech Recognition Software Market Estimates and Projections in US$ Thousand: 2020 to 2027
TABLE 5: Mobile Speech Recognition Software Market in the United States: A Historic Review in US$ Thousand for 2012-2019
CANADA
TABLE 6: Canadian Mobile Speech Recognition Software Market Estimates and Forecasts in US$ Thousand: 2020 to 2027
TABLE 7: Canadian Mobile Speech Recognition Software Historic Market Review in US$ Thousand: 2012-2019
JAPAN
TABLE 8: Japanese Market for Mobile Speech Recognition Software: Annual Sales Estimates and Projections in US$ Thousand for the Period 2020-2027
TABLE 9: Mobile Speech Recognition Software Market in Japan: Historic Sales Analysis in US$ Thousand for the Period 2012-2019
CHINA
TABLE 10: Chinese Mobile Speech Recognition Software Market Growth Prospects in US$ Thousand for the Period 2020-2027
TABLE 11: Mobile Speech Recognition Software Historic Market Analysis in China in US$ Thousand: 2012-2019
EUROPE
Market Facts & Figures
Market Analytics
TABLE 12: European Mobile Speech Recognition Software Market Demand Scenario in US$ Thousand by Region/Country: 2020-2027
TABLE 13: Mobile Speech Recognition Software Market in Europe: A Historic Market Perspective in US$ Thousand by Region/Country for the Period 2012-2019
TABLE 14: European Mobile Speech Recognition Software Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
FRANCE
TABLE 15: Mobile Speech Recognition Software Market in France: Estimates and Projections in US$ Thousand for the Period 2020-2027
TABLE 16: French Mobile Speech Recognition Software Historic Market Scenario in US$ Thousand: 2012-2019
GERMANY
TABLE 17: Mobile Speech Recognition Software Market in Germany: Recent Past, Current and Future Analysis in US$ Thousand for the Period 2020-2027
TABLE 18: German Mobile Speech Recognition Software Historic Market Analysis in US$ Thousand: 2012-2019
ITALY
TABLE 19: Italian Mobile Speech Recognition Software Market Growth Prospects in US$ Thousand for the Period 2020-2027
TABLE 20: Mobile Speech Recognition Software Historic Market Analysis in Italy in US$ Thousand: 2012-2019
UNITED KINGDOM
TABLE 21: United Kingdom Market for Mobile Speech Recognition Software: Annual Sales Estimates and Projections in US$ Thousand for the Period 2020-2027
TABLE 22: Mobile Speech Recognition Software Market in the United Kingdom: Historic Sales Analysis in US$ Thousand for the Period 2012-2019
SPAIN
TABLE 23: Spanish Mobile Speech Recognition Software Market Estimates and Forecasts in US$ Thousand: 2020 to 2027
TABLE 24: Spanish Mobile Speech Recognition Software Historic Market Review in US$ Thousand: 2012-2019
RUSSIA
TABLE 25: Russian Mobile Speech Recognition Software Market Estimates and Projections in US$ Thousand: 2020 to 2027
TABLE 26: Mobile Speech Recognition Software Market in Russia: A Historic Review in US$ Thousand for 2012-2019
REST OF EUROPE
TABLE 27: Rest of Europe Mobile Speech Recognition Software Market Estimates and Forecasts in US$ Thousand: 2020-2027
TABLE 28: Mobile Speech Recognition Software Market in Rest of Europe in US$ Thousand: A Historic Review for the Period 2012-2019
ASIA-PACIFIC
TABLE 29: Asia-Pacific Mobile Speech Recognition Software Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027
TABLE 30: Mobile Speech Recognition Software Market in Asia-Pacific: Historic Market Analysis in US$ Thousand by Region/Country for the Period 2012-2019
TABLE 31: Asia-Pacific Mobile Speech Recognition Software Market Share Analysis by Region/Country: 2012 VS 2020 VS 2027
AUSTRALIA
TABLE 32: Mobile Speech Recognition Software Market in Australia: Recent Past, Current and Future Analysis in US$ Thousand for the Period 2020-2027
TABLE 33: Australian Mobile Speech Recognition Software Historic Market Analysis in US$ Thousand: 2012-2019
INDIA
TABLE 34: Indian Mobile Speech Recognition Software Market Estimates and Forecasts in US$ Thousand: 2020 to 2027
TABLE 35: Indian Mobile Speech Recognition Software Historic Market Review in US$ Thousand: 2012-2019
SOUTH KOREA
TABLE 36: Mobile Speech Recognition Software Market in South Korea: Recent Past, Current and Future Analysis in US$ Thousand for the Period 2020-2027
TABLE 37: South Korean Mobile Speech Recognition Software Historic Market Analysis in US$ Thousand: 2012-2019
REST OF ASIA-PACIFIC
TABLE 38: Rest of Asia-Pacific Market for Mobile Speech Recognition Software: Annual Sales Estimates and Projections in US$ Thousand for the Period 2020-2027
TABLE 39: Mobile Speech Recognition Software Market in Rest of Asia-Pacific: Historic Sales Analysis in US$ Thousand for the Period 2012-2019
LATIN AMERICA
TABLE 40: Latin American Mobile Speech Recognition Software Market Trends by Region/Country in US$ Thousand: 2020-2027
TABLE 41: Mobile Speech Recognition Software Market in Latin America in US$ Thousand by Region/Country: A Historic Perspective for the Period 2012-2019
TABLE 42: Latin American Mobile Speech Recognition Software Market Percentage Breakdown of Sales by Region/Country: 2012, 2020, and 2027
ARGENTINA
TABLE 43: Argentinean Mobile Speech Recognition Software Market Estimates and Forecasts in US$ Thousand: 2020-2027
TABLE 44: Mobile Speech Recognition Software Market in Argentina in US$ Thousand: A Historic Review for the Period 2012-2019
BRAZIL
TABLE 45: Mobile Speech Recognition Software Market in Brazil: Estimates and Projections in US$ Thousand for the Period 2020-2027
TABLE 46: Brazilian Mobile Speech Recognition Software Historic Market Scenario in US$ Thousand: 2012-2019
MEXICO
TABLE 47: Mobile Speech Recognition Software Market in Mexico: Recent Past, Current and Future Analysis in US$ Thousand for the Period 2020-2027
TABLE 48: Mexican Mobile Speech Recognition Software Historic Market Analysis in US$ Thousand: 2012-2019
REST OF LATIN AMERICA
TABLE 49: Rest of Latin America Mobile Speech Recognition Software Market Estimates and Projections in US$ Thousand: 2020 to 2027
TABLE 50: Mobile Speech Recognition Software Market in Rest of Latin America: A Historic Review in US$ Thousand for 2012-2019
MIDDLE EAST
TABLE 51: The Middle East Mobile Speech Recognition Software Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027
TABLE 52: Mobile Speech Recognition Software Market in the Middle East by Region/Country in US$ Thousand: 2012-2019
TABLE 53: The Middle East Mobile Speech Recognition Software Market Share Breakdown by Region/Country: 2012, 2020, and 2027
IRAN
TABLE 54: Iranian Market for Mobile Speech Recognition Software: Annual Sales Estimates and Projections in US$ Thousand for the Period 2020-2027
TABLE 55: Mobile Speech Recognition Software Market in Iran: Historic Sales Analysis in US$ Thousand for the Period 2012-2019
ISRAEL
TABLE 56: Israeli Mobile Speech Recognition Software Market Estimates and Forecasts in US$ Thousand: 2020-2027
TABLE 57: Mobile Speech Recognition Software Market in Israel in US$ Thousand: A Historic Review for the Period 2012-2019
SAUDI ARABIA
TABLE 58: Saudi Arabian Mobile Speech Recognition Software Market Growth Prospects in US$ Thousand for the Period 2020-2027
TABLE 59: Mobile Speech Recognition Software Historic Market Analysis in Saudi Arabia in US$ Thousand: 2012-2019
UNITED ARAB EMIRATES
TABLE 60: Mobile Speech Recognition Software Market in the United Arab Emirates: Recent Past, Current and Future Analysis in US$ Thousand for the Period 2020-2027
TABLE 61: United Arab Emirates Mobile Speech Recognition Software Historic Market Analysis in US$ Thousand: 2012-2019
REST OF MIDDLE EAST
TABLE 62: Mobile Speech Recognition Software Market in Rest of Middle East: Recent Past, Current and Future Analysis in US$ Thousand for the Period 2020-2027
TABLE 63: Rest of Middle East Mobile Speech Recognition Software Historic Market Analysis in US$ Thousand: 2012-2019
AFRICA
TABLE 64: African Mobile Speech Recognition Software Market Estimates and Projections in US$ Thousand: 2020 to 2027
TABLE 65: Mobile Speech Recognition Software Market in Africa: A Historic Review in US$ Thousand for 2012-2019

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