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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.
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. METHODOLOGY

II. 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
  • 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
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