Mobile Speech Recognition Software Market Analysed & Forecast by GIA in Topical Research Report Published at MarketPublishers.com26 Jun 2017 • by Natalie Aster
LONDON – Speech recognition technology represents a requisite M2M communication tool in new-age mobile devices. Voice search is growing in popularity.
The soaring popularity of voice-based UI technologies in mobile devices are giving a boost to the robust growth of the mobile speech recognition software market. Further, sophisticated conversational UI’s are poised to replace graphical user interface (GUI); advances in processing capacity enhances speech recognition in an efficient way.
The steadily growing mobile ecosystem from pole to pole creates massive opportunities for the market players. A hike in the demand for smartphones sets the perfect platform for the growth of the market.
In spite of a decline in popularity, high-end and feature-rich tablets maintain the demand for mobile speech recognition.
Geography-wise, developed markets are anticipated to maintain their dominance in the years to come. Meantime, the developing nations Asia keep on driving the current and future global market growth.
There is a high degree of competition in the market for mobile speech recognition software. iFlytek, Alexa, Now, Cortana and Siri are currently the world’s main mobile speech recognition platforms. Nuance Communications takes the lead in the world speech recognition market. Other outstanding players include Apple, Google, Microsoft, IBM, among others. Low entry barriers welcome a lot of smaller players to enter into the marketplace.
Topical research report “Mobile Speech Recognition Software: Market Research Report” drawn up by Global Industry Analysts Inc (GIA) provides a deep, unprejudiced analysis of the market globally, covering market estimates and projections for all of the leading geographic markets including Canada, the USA, Europe, Japan, APAC, and RoW.
The study gives an all-round evaluation of the prevalent market trends, key issues and drivers; discusses system/software launches; examines technology innovations & advancements; tracks recent industry activity. It canvasses the competitive scenario and offers detailed company profiles of the 26 market players, key and niche.
The research report offers annual estimates and forecast figures from 2016 through to 2024. A 5-year historical assessment is provided for the markets discussed as well.
More market research studies by the publisher can be found at Global Industry Analysts page.