Mobile Speech Recognition Software Market

Mobile Speech Recognition Software Market: Global Industry Analysis 2012 - 2016 and Opportunity Assessment; 2017 - 2027

  • Ongoing
  • June 2020
  • REP-GB-5961
Mobile Speech Recognition Software Market

  • US$5,000
  • US$7,500
  • US$10,000

This Mobile Speech Recognition Software market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Mobile Speech Recognition Software market.

Mobile Speech Recognition Software Market: Introduction

In enterprise application, increasing adoption of conversational user interface (CUI) as a more prolific way to communicate among mobile devices like smartphones, tablets etc.  The proliferation of smartphones with advance features and development of voice based applications is penetrating the demand for mobile speech recognition technologies in a positive way. Additionally, several advancements in the development of cutting edge algorithms and processing power of new-age smart phones will help in offering efficient speech recognition.

Market Growth Analysis

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Need granular data and specific insights that are hard to get?
Mobile Speech Recognition Software Market: Drivers and Restraints

Crucial requirement of biometric authentication in mobile banking is leading to the intensified integration of speech authentication, thus driving the market for Mobile Speech Recognition Software. Moreover, rising awareness of multi-functionality of mobile devices in speech recognition technologies is also turning up as another important factor driving the growth of market in positive manner.

Lack of accuracy in noisy working environment is an important restraint, faced by most of the vendors in Mobile Speech Recognition Software market.

Global Mobile Speech Recognition Software Market: Market Segmentation

Segmentation Overview

Global Mobile Speech Recognition Software Market can be segmented across two segments; vertical, and region.

Segmentation on the basis of the vertical for Mobile Speech Recognition Software Market as:-

Global Mobile Speech Recognition Software Market: Regional Outlook

On the basis of geography, Mobile Speech Recognition Software market can be segmented into seven key regions namely North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle East & Africa. Among various regions, the Mobile Speech Recognition Software market in North America is expected to dominate the market during the forecast period. Asia pacific region will witness high growth, as increasing awareness among consumers and low cost of biometric devices will boost the demand for Mobile Speech Recognition Software in positive manner.

Global Mobile Speech Recognition Software Market: Competitive Landscape

Key Players

The major player operating in Mobile Speech Recognition Software market includes Nuance Communications Inc., Alphabet Inc., Apple Inc.,  Baidu Inc.,  Amazon Inc.,   Microsoft Corporation, VoiceBox Technologies Corporation, LumenVox, LLC., Pareteum Corporation, Sensory, Inc. ReadSpeaker Holding B.V. , and VoiceVault Inc. among others.

Key development

In October 2016, VoiceVault Inc. partnered with BioConnect based in U.S. to develop and integrate biometric authentication into the finance platforms and digital banking. The main objective of this partnership was to enable integration of VoiceVault Inc. existing voice recognition software with BioConnect mobile platform in order to offer biometric authentication solutions with eye scanning technology and voice.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Future Market Insights.

Unique Requirements? Customize this Report

  • Customize by Region, Country, Application, Product, & other segments
  • Integrate our Insights with your Existing Data
  • Determine the scope of the study to suit your requirements

Let FMI Help You!

  • Gain Insights on Key Mobile Speech Recognition Software Market Impacting Forces
  • Know the Winning Strategies of Market Leaders
  • Get Deep-Dive Analysis on Each Segment
  • Identify the Sources that will Drive Top-Line Revenue

The major segments of Mobile Speech Recognition Software market across vertical are:

  • Healthcare
  • Military
  • Automotive
  • Retail
  • Government
  • Education
  • BFSI
  • Others

The report covers exhaust analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint
Frequently Asked Questions

What research methodology is used to develop the Mobile Speech Recognition Software Market report?
  • FMI utilizes three branched methods to derive market measurements used to compile any report study (data derivation, triangulation and validation).
  • These approaches include accumulating data from both primary and secondary sources
  • Primary research involves interviews with industry operators and FMI's network of contacts spanning the world's value chain of the Mobile Speech Recognition Software Market. This is supported by a comprehensive literature analysis of information gathered through secondary sources
  • Analysis of several middle market stakeholders for country-wise data

In addition to up-to-date market figures and customized of the Mobile Speech Recognition Software Market, FMI offer consulting services to help businesses within industry navigate challenges and take well-informed decisions amidst the breakneck competition.

  • Most of the competitors are segregated according to their market share in 'Tier' wise statures.
  • Global market participants are scrutinized and global competition metrics are included with numerous competitor profiles referring to their business background and go-to market strategies.
Get in touch
Akshay Godge

Akshay Godge

Client Partner - Global Business Development

* indicates mandatory fields
Our Clients

Request Sample Request customization Request Methodology