This global market research presents a detailed segmentation of the voice controlled devices market by application (remotes, smart bands, smartwatches, automobile infotainment systems, and smartphones) and by geography (Americas, APAC, and EMEA). The key leading vendors analyzed in this market study are Apple, Fitbit, Google, Microsoft, Nuance Communications, Pebble, Samsung, Sony, VoiceBox Technologies, and Xiaomi.
Technavio has released a new market research report on the global voice-controlled devices market, which is expected to grow at a CAGR of around 8% by 2020. Voice-controlled devices use voice recognition software to convert and decode the human voice into signals which are easily understood by the devices. The market is expected to witness high penetration of devices that operate on voice commands across new end-user segments, such as communication, enterprise contact center, mobile devices, and automotive. The Americas is the major revenue-generating region in the voice-controlled devices market, due to the rising demand for voice recognition applications among enterprises and non-business consumers.
Voice-controlled devices market:
“Of late, it has been observed that instead of offering voice verification as a standalone product, vendors are offering the integrated functioning of voice recognition and speech recognition in devices. The integration of voice verification with speech recognition will be extremely useful in smartphones and could replace existing security features like lock patterns, passwords, and facial recognition in the near future,” says Sunil Singh, Lead Analyst, Hardware & Semiconductor, Technavio Research
The smartphones application segment dominates this market, owing to the high penetration rate of smartphones with voice recognition technology. Technavio’s market research analysts have estimated that the adoption rate of voice recognition technology will be largely dependent on the adoption rate of mobile operating systems like Android and iOS, in smartphones. This market segment will be singlehandedly responsible for a profound market share of more than 94% by the end of 2020.
The key players in the global voice-controlled devices market are Apple, Fitbit, Google, Microsoft, Nuance Communications, Pebble, Samsung, Sony, VoiceBox Technologies, and Xiaomi. The market is competitive as many players are integrating voice recognition technology into their devices. The level of competition in this market is anticipated to become more intense due to the rising number of solution providers along with the growing market for smart devices like smartphones, smart bands, and smartwatches in the next few years. Due to the development of new innovative applications, many new players will enter this market. This will further enhance market competition, leading to price wars among the vendors.
A more detailed analysis is available in the Technavio report, Global Voice Controlled Devices Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
- Global Biometric Access Control Systems Market 2015-2019
- Global Gesture Recognition Market for Consumer Electronic Devices 2015-2019
- Global Mobile Biometrics Market 2015-2019
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