Global Mobile Speech Recognition Software Market to Reach $940.8 Million by 2030
The global market for Mobile Speech Recognition Software estimated at US$328.8 Million in the year 2022, is projected to reach a revised size of US$940.8 Million by 2030, growing at a CAGR of 14% over the analysis period 2022-2030.The U.S. Market is Estimated at $89.6 Million, While China is Forecast to Grow at 18.8% CAGR
The Mobile Speech Recognition Software market in the U.S. is estimated at US$89.6 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$219.3 Million by the year 2030 trailing a CAGR of 18.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.2% and 11.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 10.5% CAGR.Select Competitors (Total 53 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.
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Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARYIII. MARKET ANALYSISIV. COMPETITION
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?
- Mobile Speech Recognition Software - Global Key Competitors Percentage Market Share in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
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 Recent Past, 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 2022 through 2030 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 2014 through 2021 and % CAGR
- Table 3: World 16-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 2014, 2023 & 2030
- Table 4: World Mobile Speech Recognition Software Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
UNITED STATES
- Mobile Speech Recognition Software Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
- Table 5: USA Recent Past, 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 2022 through 2030 and % CAGR
- Table 6: 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 2014 through 2021 and % CAGR
CANADA
- Table 7: Canada Recent Past, 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 2022 through 2030 and % CAGR
- Table 8: 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 2014 through 2021 and % CAGR
JAPAN
- Mobile Speech Recognition Software Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
- Table 9: Japan Recent Past, 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 2022 through 2030 and % CAGR
- Table 10: 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 2014 through 2021 and % CAGR
CHINA
- Mobile Speech Recognition Software Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
- Table 11: China Recent Past, 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 2022 through 2030 and % CAGR
- Table 12: 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 2014 through 2021 and % CAGR
EUROPE
- Mobile Speech Recognition Software Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
- Table 13: Europe Recent Past, 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 2022 through 2030 and % CAGR
- Table 14: 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 2014 through 2021 and % CAGR
- Table 15: Europe 16-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 2014, 2023 & 2030
FRANCE
- Mobile Speech Recognition Software Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
- Table 16: France Recent Past, 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 2022 through 2030 and % CAGR
- Table 17: 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 2014 through 2021 and % CAGR
GERMANY
- Mobile Speech Recognition Software Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
- Table 18: Germany Recent Past, 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 2022 through 2030 and % CAGR
- Table 19: 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 2014 through 2021 and % CAGR
ITALY
- Table 20: Italy Recent Past, 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 2022 through 2030 and % CAGR
- Table 21: 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 2014 through 2021 and % CAGR
UNITED KINGDOM
- Mobile Speech Recognition Software Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
- Table 22: UK Recent Past, 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 2022 through 2030 and % CAGR
- Table 23: 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 2014 through 2021 and % CAGR
SPAIN
- Table 24: Spain Recent Past, 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 2022 through 2030 and % CAGR
- Table 25: 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 2014 through 2021 and % CAGR
RUSSIA
- Table 26: Russia Recent Past, 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 2022 through 2030 and % CAGR
- Table 27: 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 2014 through 2021 and % CAGR
REST OF EUROPE
- Table 28: Rest of Europe Recent Past, 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 2022 through 2030 and % CAGR
- Table 29: 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 2014 through 2021 and % CAGR
ASIA-PACIFIC
- Mobile Speech Recognition Software Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
- Table 30: Asia-Pacific Recent Past, 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 2022 through 2030 and % CAGR
- Table 31: 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 2014 through 2021 and % CAGR
- Table 32: Asia-Pacific 16-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 2014, 2023 & 2030
AUSTRALIA
- Mobile Speech Recognition Software Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
- Table 33: Australia Recent Past, 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 2022 through 2030 and % CAGR
- Table 34: 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 2014 through 2021 and % CAGR
INDIA
- Mobile Speech Recognition Software Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
- Table 35: India Recent Past, 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 2022 through 2030 and % CAGR
- Table 36: 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 2014 through 2021 and % CAGR
SOUTH KOREA
- Table 37: South Korea Recent Past, 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 2022 through 2030 and % CAGR
- Table 38: 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 2014 through 2021 and % CAGR
REST OF ASIA-PACIFIC
- Table 39: Rest of Asia-Pacific Recent Past, 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 2022 through 2030 and % CAGR
- Table 40: 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 2014 through 2021 and % CAGR
LATIN AMERICA
- Mobile Speech Recognition Software Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
- Table 41: Latin America Recent Past, 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 2022 through 2030 and % CAGR
- Table 42: 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 2014 through 2021 and % CAGR
- Table 43: Latin America 16-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 2014, 2023 & 2030
ARGENTINA
- Table 44: Argentina Recent Past, 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 2022 through 2030 and % CAGR
- Table 45: 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 2014 through 2021 and % CAGR
BRAZIL
- Table 46: Brazil Recent Past, 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 2022 through 2030 and % CAGR
- Table 47: 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 2014 through 2021 and % CAGR
MEXICO
- Table 48: Mexico Recent Past, 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 2022 through 2030 and % CAGR
- Table 49: 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 2014 through 2021 and % CAGR
REST OF LATIN AMERICA
- Table 50: Rest of Latin America Recent Past, 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 2022 through 2030 and % CAGR
- Table 51: 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 2014 through 2021 and % CAGR
MIDDLE EAST
- Mobile Speech Recognition Software Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
- Table 52: Middle East Recent Past, 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 2022 through 2030 and % CAGR
- Table 53: 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 2014 through 2021 and % CAGR
- Table 54: Middle East 16-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 2014, 2023 & 2030
IRAN
- Table 55: Iran Recent Past, 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 2022 through 2030 and % CAGR
- Table 56: 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 2014 through 2021 and % CAGR
ISRAEL
- Table 57: Israel Recent Past, 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 2022 through 2030 and % CAGR
- Table 58: 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 2014 through 2021 and % CAGR
SAUDI ARABIA
- Table 59: Saudi Arabia Recent Past, 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 2022 through 2030 and % CAGR
- Table 60: 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 2014 through 2021 and % CAGR
UNITED ARAB EMIRATES
- Table 61: UAE Recent Past, 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 2022 through 2030 and % CAGR
- Table 62: 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 2014 through 2021 and % CAGR
REST OF MIDDLE EAST
- Table 63: Rest of Middle East Recent Past, 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 2022 through 2030 and % CAGR
- Table 64: 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 2014 through 2021 and % CAGR
AFRICA
- Mobile Speech Recognition Software Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
- Table 65: Africa Recent Past, 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 2022 through 2030 and % CAGR
- Table 66: 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 2014 through 2021 and % CAGR
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 279 |
Published | April 2024 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD | $ 283 Million |
Forecasted Market Value ( USD | $ 641.9 Million |
Compound Annual Growth Rate | 12.4% |
Regions Covered | Global |