NEW YORK, April 20, 2020 /PRNewswire/ --
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.
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- 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.
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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
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