DUBLIN, May 20, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Voice Controlled Devices Market 2016-2020" report to their offering.
The report forecasts the global voice-controlled devices market to grow at a CAGR of 7.84% during the period 2016-2020.
Voice recognition technology has become very popular in areas such as mobile banking, which requires users to identify themselves via spoken commands before making transactions.
Google Now is more than just a voice-based search engine. It not only provides useful information upon request but also learns user behavior over time. It is more of a personal digital assistant that displays information that will interest the user in the form of Now Cards (in Android devices).
According to the report, all existing voice recognition systems make use of cloud servers to understand the user better. For instance, if we ask a smartphone or smartwatch for nearby restaurants, a cloud server will return results and track whether you click on one of the results. This helps the service provider better understand if the provided results were accurate or not. Similarly, millions of such voice searches are processed using cloud servers, and the data from them is analyzed and processed in order to improve search results.
Further, the report states that need for constant connectivity is a major challenge hindering the growth of the market.
- Nuance Communications
- VoiceBox Technologies
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Buying behavior
PART 07: Market segmentation by application
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
For more information visit http://www.researchandmarkets.com/research/nsj4vg/global_voice
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-voice-controlled-devices-market-2016-2020---need-for-constant-connectivity-a-key-challenge---research-and-markets-300272378.html
SOURCE Research and Markets