What is Mobile Speech Recognition Software?
The use of voice recognition technology is increasing in our everyday lives with voice search, many people are using assistants like google home, sir, and Alexa. Mobile speech recognition software is an application which creates use of speech recognition algorithms to identify the spoken languages and act accordingly, This software analyzes the sound and tries to convert it into text. These systems are available for Windows, Mac, Android, iOS, and Windows Phone devices. Mobile speech recognition software program used to take the input of human speech, interpret it and transcribe it into text by breaking down the speech into bits it can interpret, converts it into a digital format and analyzes the pieces of content from end-user. Increasing Prominence of Voice-Based User Interface Technologies is booming the demand for mobile speech recognition software market.
The market study is broken down by Type (Isolated Word Recognition, Keyword Spotting and Continuous Speech Recognition), by Application (Healthcare, Military, Automotive, Retail, Government, Education, BFSI and Other) and major geographies with country level break-up.
Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global Mobile Speech Recognition Software market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Microsoft Corp. (United States), Nuance Communications Inc. (United States), Sensory Inc. (United States), Baidu Inc. (China), Cisco Systems Inc. (United States), Google Inc. (United States, IBM Corp. (United States), LumenVox LLC (United States), Apple Inc. (United States) and AT&T, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are VoiceVault (United States), Advanced Voice Recognition Systems Inc. (United States) and Amazon Inc. (United States.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Mobile Speech Recognition Software market by Type, Application and Region.
On the basis of geography, the market of Mobile Speech Recognition Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Platform, the sub-segment i.e. Android Mobile Devices will boost the Mobile Speech Recognition Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Functions, the sub-segment i.e. Voice Recognition will boost the Mobile Speech Recognition Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Trend
- The Emergence of IoT and Cloud-Based Technology Widen Demand for Mobile Speech Recognition
Market Drivers
- The Demand for the Voice Authentication in Mobile Banking Applications is a Key Driving Factor of Growth for Mobile Speech Recognition Software Market.
- Progression in Processing Power Improves Speech Recognition
- Efficiency
Opportunities
- The Huge Demand for Smartphone’s among the Populace is Creating the Growth Opportunities
Restraints
- Lack Of Accuracy In Speech And VoiceRecognition Systems
Challenges
- Lack of Professional Users
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Mobile Speech Recognition Software Developers, Mobile Speech Recognition Software Suppliers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.