This market research report from Technavio provides an analysis of the key drivers, trends, and challenges influencing growth prospects of the voice recognition market for smartphones in the US. Leading vendors in this market are Apple, Google, Microsoft, and Nuance Communications.
Technavio has released its new market research report, voice recognition market for smartphones in US, which is expected to grow at a CAGR of 5% between 2015 and 2019. Factors that can be attributed to this market’s growth are the augmented application of voice recognition technology in sending mails, messages, and we search.
“One of the latest trends upcoming in the voice recognition market for smartphones in US is crowdfunding. As most voice recognition apps present in the market are not perfect in context of accuracy and user friendliness, multiple small vendors try to enter this market through crowdfunding to raise funds for their projects and to gain prominence in this market during the forecast period,” says Navin Rajedra, Industry Manager, Hardware & Semiconductor, Technavio Research.
Voice recognition technology is gaining prominence among smartphone users because it makes it easy for users to search websites, take notes, send emails, or fix an appointment on their smartphones. The users can just give voice commands to their smartphones. The voice-based apps also read out the messages to the users.
The key players in the voice recognition market for smartphones in US include Apple, Google Microsoft and Nuance Communications. This market is dominated by large vendors like Apple and Google who provide technology to smartphone OEMs to enable voice recognition. Smaller vendors entering this market focus on developing apps that are more accurate, and faster than Apples’ Siri or Googles Google Now.
This report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. There are many key drivers, challenges, and opportunities that are discussed in detail.
A more detailed analysis is available in the Technavio report, Voice Recognition Market for Smartphones in US 2015-2019.
We can customize this reports by other regions and specific segments upon request.
Other related reports:
- Voice Recognition Market for the Automotive Sector in the US 2015-2019
- Global Voice Recognition Biometrics Market 2015-2019
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