Mobile Speech Recognition Software: Market Research Report

February 2018 | 175 pages | ID: MAC58136FC7EN
Global Industry Analysts, Inc

Abstracts

This report analyzes the worldwide markets for Mobile Speech Recognition Software in US$ Thousand. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, and Rest of World. Annual estimates and forecasts are provided for the period 2016 through 2024. Also, a five-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary research.

Company profiles are primarily based on public domain information including company URLs.

The report profiles 26 companies including many key and niche players such as -

• Advanced Voice Recognition Systems, Inc.
• Amazon, Inc.
• Apple, Inc..
• AT&T, Inc.
• Baidu, Inc.

Contents

I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

II. EXECUTIVE SUMMARY

1. INDUSTRY OVERVIEW

Mobile Speech Recognition Technology: Delivering the Power of Speech to Mobile Devices
Speech Recognition Technology: An Indispensable Man-to-Machine Communication Tool in New-Age Mobile Devices
Noteworthy Trends in a Nutshell
Passwords Becoming More Prominent
Speech Recognition Integrating Voice Verification
Voice Search Gain Popularity
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

Table 1. Global Market for Mobile Speech Recognition Software (2016-2024): Geographic Regions Ranked by Value Growth - Asia-Pacific, Rest of World, USA, Europe, Japan, and Canada (includes corresponding Graph/Chart)

Table 2. Projected Mobile Subscribers for the Period 2016-2024: New Mobile Subscribers (in Millions) for India, China, Nigeria, Indonesia, Mexico, USA, Brazil, Pakistan, Myanmar, and Bangladesh (includes corresponding Graph/Chart)

China’s Speech Recognition Market: A Tough Nut to Crack for Google?

2. COMPETITIVE LANDSCAPE

Marketplace Characterized by High Degree of Competition
Select Third-Party Apps with Natural Language Speech Recognition Support
Alexa, Now, iFlytek, Siri and Cortana: Major Mobile Speech Recognition Platforms Globally

Table 3. Leading Platforms in the Global Mobile Speech Recognition Market (2016): Breakdown of Percentage Accuracy for Baidu Deep Speech 2, Apple Siri, Google Now and MS Cortana (includes corresponding Graph/Chart)

Nuance Communications Dominates the Global Speech Recognition Market

Table 4. Leading Vendors in the Global Speech Recognition Market (2016): Percentage Breakdown of Revenues for Apple, Google, IBM, Microsoft, Nuance Communications and Others (includes corresponding Graph/Chart)

Low Entry Barriers Invite Smaller Players to Foray into the Market
Patent Activity Gains Momentum
A Review of Competition in Key Segments
Speech Engine
Analytics
Speech Security
Professional Services

3. MARKET TRENDS, ISSUES & 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

Table 5. Penetration Rate (%) of Voice Processors in Mobile Devices: 2012 through 2016 (includes corresponding Graph/Chart)

The Steadily Expanding Mobile Ecosystem Globally: An Important Opportunity Indicator

Table 6. Global Mobile Subscribers by Geographic Region (2010, 2013, 2015, 2017E, and 2022P): Breakdown of Number of Unique Subscribers (in Millions) for North America, Europe, CIS, Asia-Pacific, Latin America, Middle East and Africa Unique Subscribers by Region (Millions) (includes corresponding Graph/Chart)

Table 7. Worldwide Penetration Rate (%) of Unique Subscribers by Geographic Region (2016 & 2020) (includes corresponding Graph/Chart)

Table 8. Worldwide Mobile Phone Connections by Technology: Percentage Share Breakdown for 2G, 3G and 4G for the Years 2010 through 2020 (includes corresponding Graph/Chart)

Table 9. Global GDP Contribution of the Mobile Ecosystem (2016): Breakdown of Contribution (in US$ Billion) for Device Manufacturers; Distributors and Retailers; Infrastructure Providers; Mobile Operators; and Applications, Content and Other Services (includes corresponding Graph/Chart)

Robust Demand for Smartphones Sets the Perfect Platform for Market Growth

Table 10. Global Smartphone Adoption Rate and Connections (2013-2020) (includes corresponding Graph/Chart)

Table 11. Smartphone Penetration as a Proportion (%) of Total Mobile Users in Select Countries (2017) (includes corresponding Graph/Chart)

Despite Decline in Popularity, Feature-Rich and High-End Tablets Sustain Demand for Mobile Speech Recognition

Table 12. Global Shipments (in Million Units) of Tablets, Smartphones, Laptops and Desktop PCs: 2015 & 2020 (includes corresponding Graph/Chart)

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

Table 13. Global Internet Usage (2012-2016): Number of Internet Users (in Billion) and Internet Penetration Rate (%) (includes corresponding Graph/Chart)

Table 14. Top Countries in Internet Usage Worldwide (2016): Breakdown by Number of Internet Users (in Million) and Internet Penetration Rate (%) (includes corresponding Graph/Chart)

Table 15. Global Internet Usage: Number of Internet Subscribers (in Million) and Penetration Rate (%) by Geographic Region for the Year 2016 (includes corresponding Graph/Chart)

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

4. TECHNOLOGY INNOVATIONS & ADVANCEMENTS

Extremely Low Power Consuming Chip for Automatic-Speech Recognition
Notable Advances at Microsoft in Speech Recognition
Baidu’s Deep Speech 2 Software is Three Times Faster than Human Texting
Embeddable, Continuous and Real-time Speech Recognition System
Liv. Ai Aids Machines to Interact in Native Language
Intelligent Virtual Assistants (IVAs)
Developers Focus on Phoneme Accuracy Feature
Speech Recognition-enabled Self-Service Technology

5. MOBILE SPEECH RECOGNITION: AN OVERVIEW

6. SYSTEM/SOFTWARE LAUNCHES

Speechmatics Unveils Real-Time, Continuous Speech Recognition System
Google Releases New Speech Software Version
Google Develops Offline Speech Recognition System
HEAD acoustics Unveils VoCAS
Mail. Ru Group Rolls Out New version of ICQ for iOS and Android
SoundHound Launches Hound Mobile Voice Interface

7. RECENT INDUSTRY ACTIVITY

VoiceBox Technologies to Acquire Telisma
VIQ Solutions Partners with Nuance Communications
VocalZoom Inks Agreement with Cobalt Speech & Language
VocalZoom Collaborates with iFLYTEK
BigHand Signs Partnership Agreement with Kraft Kennedy

8. FOCUS ON SELECT GLOBAL 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)

9. GLOBAL MARKET PERSPECTIVE

Table 16. World Recent Past, Current & Future Analysis for Mobile Speech Recognition Software by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan) and Rest of World Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2016 through 2024 (includes corresponding Graph/Chart)

Table 17. World Historic Review for Mobile Speech Recognition Software by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan) and Rest of World Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2011 through 2015 (includes corresponding Graph/Chart)

Table 18. World 14-Year Perspective for Mobile Speech Recognition Software by Geographic Region - Percentage Breakdown of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan) and Rest of World Markets for Years 2011, 2017 and 2024 (includes corresponding Graph/Chart)

III. MARKET

1. THE UNITED STATES

A. Market Analysis
Despite Economic Uncertainty, Mobile Speech Recognition Market Continue to Surge
Smartphone as Essential Communication Devices Offer Growth Opportunities
System/Software Launches
Strategic Corporate Developments
Select Key Players
B. Market Analytics

Table 19. US Recent Past, Current & Future Analysis for Mobile Speech Recognition Software Market Analyzed with Annual Sales Figures in US$ Thousand for Years 2016 through 2024 (includes corresponding Graph/Chart)

Table 20. US Historic Review for Mobile Speech Recognition Software Market Analyzed with Annual Sales Figures in US$ Thousand for Years 2011 through 2015 (includes corresponding Graph/Chart)

2. CANADA

A. Market Analysis
Affordable, Effective, and Advanced Versions Drive Market Adoption
VoiceTIMES: The Mobile Speech Technology Initiative
B. Market Analytics

Table 21. Canadian Recent Past, Current & Future Analysis for Mobile Speech Recognition Software Market Analyzed with Annual Sales Figures in US$ Thousand for Years 2016 through 2024 (includes corresponding Graph/Chart)

Table 22. Canadian Historic Review for Mobile Speech Recognition Software Market Analyzed with Annual Sales Figures in US$ Thousand for Years 2011 through 2015 (includes corresponding Graph/Chart)

3. JAPAN

Market Analysis

Table 23. Japanese Recent Past, Current & Future Analysis for Mobile Speech Recognition Software Market Analyzed with Annual Sales Figures in US$ Thousand for Years 2016 through 2024 (includes corresponding Graph/Chart)

Table 24. Japanese Historic Review for Mobile Speech Recognition Software Market Analyzed with Annual Sales Figures in US$ Thousand for Years 2011 through 2015 (includes corresponding Graph/Chart)

4. EUROPE

A. Market Analysis
System/Software Launches
B. Market Analytics

Table 25. European Recent Past, Current & Future Analysis for Mobile Speech Recognition Software by Geographic Region - France, Germany, Italy, UK, Spain, Russia, and Rest of Europe Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2016 through 2024 (includes corresponding Graph/Chart)

Table 26. European Historic Review for Mobile Speech Recognition Software by Geographic Region - France, Germany, Italy, UK, Spain, Russia, and Rest of Europe Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2011 through 2015 (includes corresponding Graph/Chart)

Table 27. European 14-Year Perspective for Mobile Speech Recognition Software by Geographic Region - Percentage Breakdown of Dollar Sales for France, Germany, Italy, UK, Spain, Russia, and Rest of Europe Markets for Years 2011, 2017 and 2024 (includes corresponding Graph/Chart)

4A. FRANCE

Market Analysis

Table 28. French Recent Past, Current & Future Analysis for Mobile Speech Recognition Software Market Analyzed with Annual Sales Figures in US$ Thousand for Years 2016 through 2024 (includes corresponding Graph/Chart)

Table 29. French Historic Review for Mobile Speech Recognition Software Market Analyzed with Annual Sales Figures in US$ Thousand for Years 2011 through 2015 (includes corresponding Graph/Chart)

4B. GERMANY

Market Analysis

Table 30. German Recent Past, Current & Future Analysis for Mobile Speech Recognition Software Market Analyzed with Annual Sales Figures in US$ Thousand for Years 2016 through 2024 (includes corresponding Graph/Chart)

Table 31. German Historic Review for Mobile Speech Recognition Software Market Analyzed with Annual Sales Figures in US$ Thousand for Years 2011 through 2015 (includes corresponding Graph/Chart)

4C. ITALY

Market Analysis

Table 32. Italian Recent Past, Current & Future Analysis for Mobile Speech Recognition Software Market Analyzed with Annual Sales Figures in US$ Thousand for Years 2016 through 2024 (includes corresponding Graph/Chart)

Table 33. Italian Historic Review for Mobile Speech Recognition Software Market Analyzed with Annual Sales Figures in US$ Thousand for Years 2011 through 2015 (includes corresponding Graph/Chart)

4D. THE UNITED KINGDOM

Market Analysis

Table 34. UK Recent Past, Current & Future Analysis for Mobile Speech Recognition Software Market Analyzed with Annual Sales Figures in US$ Thousand for Years 2016 through 2024 (includes corresponding Graph/Chart)

Table 35. UK Historic Review for Mobile Speech Recognition Software Market Analyzed with Annual Sales Figures in US$ Thousand for Years 2011 through 2015 (includes corresponding Graph/Chart)

4E. SPAIN

Market Analysis

Table 36. Spanish Recent Past, Current & Future Analysis for Mobile Speech Recognition Software Market Analyzed with Annual Sales Figures in US$ Thousand for Years 2016 through 2024 (includes corresponding Graph/Chart)

Table 37. Spanish Historic Review for Mobile Speech Recognition Software Market Analyzed with Annual Sales Figures in US$ Thousand for Years 2011 through 2015 (includes corresponding Graph/Chart)

4F. RUSSIA

Market Analysis

Table 38. Russian Recent Past, Current & Future Analysis for Mobile Speech Recognition Software Market Analyzed with Annual Sales Figures in US$ Thousand for Years 2016 through 2024 (includes corresponding Graph/Chart)

Table 39. Russian Historic Review for Mobile Speech Recognition Software Market Analyzed with Annual Sales Figures in US$ Thousand for Years 2011 through 2015 (includes corresponding Graph/Chart)

4G. REST OF EUROPE

Market Analysis

Table 40. Rest of Europe Recent Past, Current & Future Analysis for Mobile Speech Recognition Software Market Analyzed with Annual Sales Figures in US$ Thousand for Years 2016 through 2024 (includes corresponding Graph/Chart)

Table 41. Rest of Europe Historic Review for Mobile Speech Recognition Software Market Analyzed with Annual Sales Figures in US$ Thousand for Years 2011 through 2015 (includes corresponding Graph/Chart)

5. ASIA-PACIFIC

A. Market Analysis
Developing Asian Economies Continue to Drive Current and Future Growth

Table 42. Number of Unique Mobile Subscribers (Millions) in Asia-Pacific: 2010, 2013, 2015, 2017E, and 2022P (includes corresponding Graph/Chart)

Table 43. Global Market for Mobile Speech Recognition Software (2016-2024): Geographic Regions Ranked by Value Growth - Asia-Pacific, Rest of World, USA, Europe, Japan, and Canada (includes corresponding Graph/Chart)

Table 44. Projected Mobile Subscribers for the Period 2016-2024: New Mobile Subscribers (in Millions) for India, China, Nigeria, Indonesia, Mexico, USA, Brazil, Pakistan, Myanmar, and Bangladesh (includes corresponding Graph/Chart)

Robust Smartphone Penetration in the Region Drive Strong Market Demand
B. Market Analytics

Table 45. Asia-Pacific Recent Past, Current & Future Analysis for Mobile Speech Recognition Software by Geographic Region - China and Rest of Asia-Pacific Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2016 through 2024 (includes corresponding Graph/Chart)

Table 46. Asia-Pacific Historic Review for Mobile Speech Recognition Software by Geographic Region - China and Rest of Asia-Pacific Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2011 through 2015 (includes corresponding Graph/Chart)

Table 47. Asia-Pacific 14-Year Perspective for Mobile Speech Recognition Software by Geographic Region - Percentage Breakdown of Dollar Sales for China and Rest of Asia-Pacific Markets for Years 2011, 2017 and 2024 (includes corresponding Graph/Chart)

5A. CHINA

A. Market Analysis
Baidu and Google Compete for a Larger Share of the Chinese Mobile Speech Recognition Solutions Market
Baidu, Inc. – A Major China-Based Company
B. Market Analytics

Table 48. Chinese Recent Past, Current & Future Analysis for Mobile Speech Recognition Software Market Analyzed with Annual Sales Figures in US$ Thousand for Years 2016 through 2024 (includes corresponding Graph/Chart)

Table 49. Chinese Historic Review for Mobile Speech Recognition Software Market Analyzed with Annual Sales Figures in US$ Thousand for Years 2011 through 2015 (includes corresponding Graph/Chart)

5B. REST OF ASIA-PACIFIC

A. Market Analysis
Google’s Mobile Speech Recognition Technology Gain Popularity in India
B. Market Analytics

Table 50. Rest of Asia-Pacific Recent Past, Current & Future Analysis for Mobile Speech Recognition Software Market Analyzed with Annual Sales Figures in US$ Thousand for Years 2016 through 2024 (includes corresponding Graph/Chart)

Table 51. Rest of Asia-Pacific Historic Review for Mobile Speech Recognition Software Market Analyzed with Annual Sales Figures in US$ Thousand for Years 2011 through 2015 (includes corresponding Graph/Chart)

6. REST OF WORLD

A. Market Analysis
Strategic Corporate Developments
B. Market Analytics

Table 52. Rest of World Recent Past, Current & Future Analysis for Mobile Speech Recognition Software Market Analyzed with Annual Sales Figures in US$ Thousand for Years 2016 through 2024 (includes corresponding Graph/Chart)

Table 53. Rest of World Historic Review for Mobile Speech Recognition Software Market Analyzed with Annual Sales Figures in US$ Thousand for Years 2011 through 2015 (includes corresponding Graph/Chart)

IV. COMPETITIVE LANDSCAPE

Total Companies Profiled:
The United States (19)
Japan (1)
Europe (5)
  Germany (2)
  The United Kingdom (3)
Asia-Pacific (Excluding Japan) (1)