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Mobile Speech Recognition Software - Market Analysis, Trends, and Forecasts

  • ID: 2255370
  • Report
  • February 2020
  • Region: Global
  • 116 Pages
  • Global Industry Analysts, Inc
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Mobile Speech Recognition Software market worldwide is projected to grow by US$234.7 Million, driven by a compounded growth of 11.4%. Mobile Speech Recognition Software, one of the segments analyzed and sized in this study, displays the potential to grow at over 11.4%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$443.6 Million by the year 2025, Mobile Speech Recognition Software will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 10.1% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$9.4 Million to the region's size and clout in the next 5 to 6 years. Over US$7.7 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Mobile Speech Recognition Software will reach a market size of US$24.9 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 14.6% over the next couple of years and add approximately US$56.1 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. 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.
  • International Business Machines Corporation
  • LumenVox LLC
  • Microsoft Corporation
  • Nuance Communications Inc.
  • Sensory Inc.
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

2. FOCUS ON SELECT PLAYERS

Advanced Voice Recognition Systems, Inc.

Amazon, Inc.

Apple, Inc.

AT&T, Inc.

Baidu, Inc.

Cisco Systems, Inc.

Google, Inc.

International Business Machines Corporation

LumenVox LLC

Microsoft Corporation

Nuance Communications, Inc.

Sensory, Inc.

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: 2018-2025

TABLE 2: Mobile Speech Recognition Software Global Retrospective Market Scenario in US$ Thousand by Region/Country: 2009-2017

TABLE 3: Mobile Speech Recognition Software Market Share Shift across Key Geographies Worldwide: 2009 VS 2019 VS 2025

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

TABLE 4: United States Mobile Speech Recognition Software Market Estimates and Projections in US$ Thousand: 2018 to 2025

TABLE 5: Mobile Speech Recognition Software Market in the United States: A Historic Review in US$ Thousand for 2009-2017

CANADA

TABLE 6: Canadian Mobile Speech Recognition Software Market Estimates and Forecasts in US$ Thousand: 2018 to 2025

TABLE 7: Canadian Mobile Speech Recognition Software Historic Market Review in US$ Thousand: 2009-2017

JAPAN

TABLE 8: Japanese Market for Mobile Speech Recognition Software: Annual Sales Estimates and Projections in US$ Thousand for the Period 2018-2025

TABLE 9: Mobile Speech Recognition Software Market in Japan: Historic Sales Analysis in US$ Thousand for the Period 2009-2017

CHINA

TABLE 10: Chinese Mobile Speech Recognition Software Market Growth Prospects in US$ Thousand for the Period 2018-2025

TABLE 11: Mobile Speech Recognition Software Historic Market Analysis in China in US$ Thousand: 2009-2017

EUROPE

Market Facts & Figures

TABLE 12: European Mobile Speech Recognition Software Market Demand Scenario in US$ Thousand by Region/Country: 2018-2025

TABLE 13: Mobile Speech Recognition Software Market in Europe: A Historic Market Perspective in US$ Thousand by Region/Country for the Period 2009-2017

TABLE 14: European Mobile Speech Recognition Software Market Share Shift by Region/Country: 2009 VS 2019 VS 2025

FRANCE

TABLE 15: Mobile Speech Recognition Software Market in France: Estimates and Projections in US$ Thousand for the Period 2018-2025

TABLE 16: French Mobile Speech Recognition Software Historic Market Scenario in US$ Thousand: 2009-2017

GERMANY

TABLE 17: Mobile Speech Recognition Software Market in Germany: Recent Past, Current and Future Analysis in US$ Thousand for the Period 2018-2025

TABLE 18: German Mobile Speech Recognition Software Historic Market Analysis in US$ Thousand: 2009-2017

ITALY

TABLE 19: Italian Mobile Speech Recognition Software Market Growth Prospects in US$ Thousand for the Period 2018-2025

TABLE 20: Mobile Speech Recognition Software Historic Market Analysis in Italy in US$ Thousand: 2009-2017

UNITED KINGDOM

TABLE 21: United Kingdom Market for Mobile Speech Recognition Software: Annual Sales Estimates and Projections in US$ Thousand for the Period 2018-2025

TABLE 22: Mobile Speech Recognition Software Market in the United Kingdom: Historic Sales Analysis in US$ Thousand for the Period 2009-2017

SPAIN

TABLE 23: Spanish Mobile Speech Recognition Software Market Estimates and Forecasts in US$ Thousand: 2018 to 2025

TABLE 24: Spanish Mobile Speech Recognition Software Historic Market Review in US$ Thousand: 2009-2017

RUSSIA

TABLE 25: Russian Mobile Speech Recognition Software Market Estimates and Projections in US$ Thousand: 2018 to 2025

TABLE 26: Mobile Speech Recognition Software Market in Russia: A Historic Review in US$ Thousand for 2009-2017

REST OF EUROPE

TABLE 27: Rest of Europe Mobile Speech Recognition Software Market Estimates and Forecasts in US$ Thousand: 2018-2025

TABLE 28: Mobile Speech Recognition Software Market in Rest of Europe in US$ Thousand: A Historic Review for the Period 2009-2017

ASIA-PACIFIC

TABLE 29: Asia-Pacific Mobile Speech Recognition Software Market Estimates and Forecasts in US$ Thousand by Region/Country: 2018-2025

TABLE 30: Mobile Speech Recognition Software Market in Asia-Pacific: Historic Market Analysis in US$ Thousand by Region/Country for the Period 2009-2017

TABLE 31: Asia-Pacific Mobile Speech Recognition Software Market Share Analysis by Region/Country: 2009 VS 2019 VS 2025

AUSTRALIA

TABLE 32: Mobile Speech Recognition Software Market in Australia: Recent Past, Current and Future Analysis in US$ Thousand for the Period 2018-2025

TABLE 33: Australian Mobile Speech Recognition Software Historic Market Analysis in US$ Thousand: 2009-2017

INDIA

TABLE 34: Indian Mobile Speech Recognition Software Market Estimates and Forecasts in US$ Thousand: 2018 to 2025

TABLE 35: Indian Mobile Speech Recognition Software Historic Market Review in US$ Thousand: 2009-2017

SOUTH KOREA

TABLE 36: Mobile Speech Recognition Software Market in South Korea: Recent Past, Current and Future Analysis in US$ Thousand for the Period 2018-2025

TABLE 37: South Korean Mobile Speech Recognition Software Historic Market Analysis in US$ Thousand: 2009-2017

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 2018-2025

TABLE 39: Mobile Speech Recognition Software Market in Rest of Asia-Pacific: Historic Sales Analysis in US$ Thousand for the Period 2009-2017

LATIN AMERICA

TABLE 40: Latin American Mobile Speech Recognition Software Market Trends by Region/Country in US$ Thousand: 2018-2025

TABLE 41: Mobile Speech Recognition Software Market in Latin America in US$ Thousand by Region/Country: A Historic Perspective for the Period 2009-2017

TABLE 42: Latin American Mobile Speech Recognition Software Market Percentage Breakdown of Sales by Region/Country: 2009, 2019, and 2025

ARGENTINA

TABLE 43: Argentinean Mobile Speech Recognition Software Market Estimates and Forecasts in US$ Thousand: 2018-2025

TABLE 44: Mobile Speech Recognition Software Market in Argentina in US$ Thousand: A Historic Review for the Period 2009-2017

BRAZIL

TABLE 45: Mobile Speech Recognition Software Market in Brazil: Estimates and Projections in US$ Thousand for the Period 2018-2025

TABLE 46: Brazilian Mobile Speech Recognition Software Historic Market Scenario in US$ Thousand: 2009-2017

MEXICO

TABLE 47: Mobile Speech Recognition Software Market in Mexico: Recent Past, Current and Future Analysis in US$ Thousand for the Period 2018-2025

TABLE 48: Mexican Mobile Speech Recognition Software Historic Market Analysis in US$ Thousand: 2009-2017

REST OF LATIN AMERICA

TABLE 49: Rest of Latin America Mobile Speech Recognition Software Market Estimates and Projections in US$ Thousand: 2018 to 2025

TABLE 50: Mobile Speech Recognition Software Market in Rest of Latin America: A Historic Review in US$ Thousand for 2009-2017

MIDDLE EAST

TABLE 51: The Middle East Mobile Speech Recognition Software Market Estimates and Forecasts in US$ Thousand by Region/Country: 2018-2025

TABLE 52: Mobile Speech Recognition Software Market in the Middle East by Region/Country in US$ Thousand: 2009-2017

TABLE 53: The Middle East Mobile Speech Recognition Software Market Share Breakdown by Region/Country: 2009, 2019, and 2025

IRAN

TABLE 54: Iranian Market for Mobile Speech Recognition Software: Annual Sales Estimates and Projections in US$ Thousand for the Period 2018-2025

TABLE 55: Mobile Speech Recognition Software Market in Iran: Historic Sales Analysis in US$ Thousand for the Period 2009-2017

ISRAEL

TABLE 56: Israeli Mobile Speech Recognition Software Market Estimates and Forecasts in US$ Thousand: 2018-2025

TABLE 57: Mobile Speech Recognition Software Market in Israel in US$ Thousand: A Historic Review for the Period 2009-2017

SAUDI ARABIA

TABLE 58: Saudi Arabian Mobile Speech Recognition Software Market Growth Prospects in US$ Thousand for the Period 2018-2025

TABLE 59: Mobile Speech Recognition Software Historic Market Analysis in Saudi Arabia in US$ Thousand: 2009-2017

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 2018-2025

TABLE 61: United Arab Emirates Mobile Speech Recognition Software Historic Market Analysis in US$ Thousand: 2009-2017

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 2018-2025

TABLE 63: Rest of Middle East Mobile Speech Recognition Software Historic Market Analysis in US$ Thousand: 2009-2017

AFRICA

TABLE 64: African Mobile Speech Recognition Software Market Estimates and Projections in US$ Thousand: 2018 to 2025

TABLE 65: Mobile Speech Recognition Software Market in Africa: A Historic Review in US$ Thousand for 2009-2017

IV. COMPETITION

Total Companies Profiled: 26

Note: Product cover images may vary from those shown
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