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Speech Recognition Market by Deployment Mode (On Cloud and On Premise) and End Use (Consumer Electronics, Healthcare, Enterprise, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026

A05482
Pages: 250
Mar 2020 | 2070 Views
 
Author(s) : Asavari & Monica Chhabra
Tables: 81
Charts: 68
 

COVID-19

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Speech Recognition Market Outlook - 2026

The global speech recognition market size was valued at $6.39 billion in 2018, and is projected to reach $29.28 billion by 2026, registering a CAGR of 19.9% from 2019 to 2026. 

Speech recognition is a technology used in various devices such as smartphones, cars, and computers which enables system to identify the sound of spoken words and convert them into machine readable form. It uses linguistic units for speech and audio signals. These signals are measured by word error rate (WER) that helps to identify the inaccuracies occurred while processing. Moreover, there are numerous speech recognition technologies like Amazon Alexa, Google’s google assistant, Apple Siri, and Microsoft Cortana that enable easy accessibility of interaction by people to their devices. The purpose of a speech technology is to increase speed, accuracy, and help improve the efficiency of the system.

Speech Recognition Market

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Speech recognition industry increases the use cases of consumer goods, consumer electronics, and vehicle infotainments. It is majorly used in smartphones, vehicles, querying based databases, and giving commands to computer-based system which are highly profiled on specialized vocabularies. This technology completely changes the interaction of people with their system, devices, phones, home, and cars.

In May 2019, Marvell announced the sale of its Wi-Fi Connectivity business to NXP for $1.7 billion. That month, Marvell also said it would acquire GlobalFoundries’ ASIC business for $650 million and buy Multi-Gig Ethernet and networking controller supplier Aquantia for $452 million as the company shifts emphasis to data centers and related networks. There have been a half-dozen semiconductor acquisition announcements in 2019 valued at $1 billion or more, together representing 89% of the M&A so far this year.

Segmentation

The global speech recognition market is analyzed by deployment mode, end use, and region. By deployment, the market is analyzed across on cloud and on premise. On the basis of end use, the market is divided into automotive, consumer electronics, healthcare, enterprise and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA along with their prominent countries. 

Speech Recognition Market
By Deployment Mode

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On Cloud deployment mode is projected as one of the most lucrative segments.

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The speech recognition market is expected to witness significant growth in North America owing to the technological advancements and ongoing R&D activities in autonomous vehicles, healthcare, and consumer electronics in this region. In addition, increase in sale of in luxury cars, and smart wearables, have propelled the adoption of speech recognition in this region.

The key players profiled in the report include Google Inc., Naunce Communication, IBM, Baidu, Amazon, Microsoft, Raytheon BBN Technologies, Sensory, Iflytek, and Speak2web. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to enhance their market penetration.

Speech Recognition Market
By End User

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Healthcare segment is expected to secure leading position during forecast period.

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Top Impacting Factors

The notable factors positively affecting the speech recognition market include increase in demand for speech recognition in automotive, rise in demand for voice biometric systems for user authentication, and high growth potential in healthcare application. However, lack of accuracy in harsh environments and high installation cost hamper the market growth. Moreover, increase in adoption of speech recognition in the consumer verticals and emergence of speech recognition in robotics offers huge market opportunities in the next six years.
Increasing demand for speech recognition in automotive    

Technological advancements in speech and voice solutions such as voice dialing or voice biometric enhances performances of connected devices in the car. Speech recognition is used in the car for remote control and navigation system. The user will command through microphone installed in the remote control of the car. In addition, increase in demand for voice-driven navigation systems is expected to drive speech recognition technology market growth in the hardware and software segments. Integration of voice-enabled in-car infotainment systems is gaining popularity across the globe as several countries initiate “hands-free” regulations that govern the use of mobile phones while driving. Hence, advancement in technology drives the speech recognition market growth.

Speech Recognition Market
By Geography

2026
North America 
Europe
Asia-pacific
Lamea

Asia Pacific region would exhibit the highest CAGR of 21.4% during 2019-2026

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Lack of Accuracy in harsh environments

Speech recognition occupies a prominent place in communication between the humans and machine. Several factors affect the accuracy of the speech recognition system such as environmental condition, recording devices, prosodic variations, speaker variations, and others. Hence, it is very important to record the speech in good environment with proper recording device to reduce the error rate. Back ground noise can influence much on the recognition accuracy.

Rising adoption of speech recognition in the consumer verticals

Increase in demand for intelligent virtual assistant (IVA) smart speakers with voice capabilities is expected to be the prominent driver for the speech and voice recognition market regarding consumer vertical during the forecast period. IVA smart speakers such as Amazon Eco, Google Home, and Apple HomePod have witnessed high growth in North America and Europe during the last 2 years. Moreover, the speech and voice recognition is expected to witness significant growth in the personal robotics market such as robotic pets, cleaning robots, and robot companion. All these factors together fuel the speech recognition market growth.

Key Benefits for Stakeholders:

  • This study includes the analytical depiction of the global speech recognition industry size along with the current trends and future estimations to determine the imminent investment pockets.
  • The speech recognition market size is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact on the speech recognition market analysis.
  • The current speech recognition market forecast is quantitatively analyzed from 2018 to 2026 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the speech recognition market.
  • The report includes the speech recognition market share of key vendors and speech recognition market trends.

Global Speech Recognition Market Segmentation

By Deployment Mode

  • On Cloud
  • On Premise    

By End Use

  • Automotive
  • Consumer Electronics
  • Healthcare
  • Enterprise
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Market Players

  • Google Inc.
  • Naunce Communication
  • IBM
  • Baidu
  • Amazon
  • Microsoft
  • Raytheon
  • BBN Technologies
  • Sensory
  • Iflytek
  • Speak2web 
 

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology

1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. Key findings

2.1.1. Top impacting factors
2.1.2. Top investment pockets

2.2. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key forces shaping embedded processor market
3.3. Patent analysis

3.3.1. SPEECH RECOGNITION, by Region (2018-2019)
3.3.2. SPEECH RECOGNITION, by applicant

3.4. Market dynamics

3.4.1. Drivers

3.4.1.1. Increase in demand for speech recognition in automotive
3.4.1.2. Rise in demand for voice biometric systems for user authentication
3.4.1.3. High Growth Potential in Healthcare Application

3.4.2. Restraints

3.4.2.1. Lack of Accuracy in harsh environments

3.4.3. Opportunities

3.4.3.1. Rise in adoption of speech recognition in the consumer verticals
3.4.3.2. Emergence of speech recognition in robotics

CHAPTER 4: SPEECH RECOGNITIOM MARKET, BY DEPLOYMENT MODE

4.1. Overview
4.2. On-cloud

4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country

4.3. On-premise

4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country

CHAPTER 5: SPEECH RECOGNITION MARKET, BY END USER

5.1. Overview
5.2. Automotive

5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis, by country

5.3. Consumer Electronics

5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis, by country

5.4. Healthcare

5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market analysis, by country

5.5. Enterprise

5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market analysis, by country

5.6. Others

5.6.1. Key market trends, growth factors, and opportunities
5.6.2. Market size and forecast, by region
5.6.3. Market analysis, by country

CHAPTER 6: SPEECH RECOGNITION MARKET, BY REGION

6.1. Overview
6.2. North America

6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by deployment mode
6.2.3. Market size and forecast, by end user
6.2.4. Market analysis, by country

6.2.4.1. U.S.

6.2.4.1.1. Market size and forecast, by deployment mode
6.2.4.1.2. Market size and forecast, by end user

6.2.4.2. Canada

6.2.4.2.1. Market size and forecast, by deployment mode
6.2.4.2.2. Market size and forecast, by end user

6.2.4.3. Mexico

6.2.4.3.1. Market size and forecast, by deployment mode
6.2.4.3.2. Market size and forecast, by end user

6.3. Europe

6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by deployment mode
6.3.3. Market size and forecast, by end user
6.3.4. Market analysis, by country

6.3.4.1. UK

6.3.4.1.1. Market size and forecast, by deployment mode
6.3.4.1.2. Market size and forecast, by end user

6.3.4.2. Germany

6.3.4.2.1. Market size and forecast, by deployment mode
6.3.4.2.2. Market size and forecast, by end user

6.3.4.3. France

6.3.4.3.1. Market size and forecast, by deployment mode
6.3.4.3.2. Market size and forecast, by end user

6.3.4.4. Russia

6.3.4.4.1. Market size and forecast, by deployment mode
6.3.4.4.2. Market size and forecast, by end user

6.3.4.5. Rest of Europe

6.3.4.5.1. Market size and forecast, by deployment mode
6.3.4.5.2. Market size and forecast, by end user

6.4. Asia-pacific

6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast, by deployment mode
6.4.3. Market size and forecast, by end user
6.4.4. Market analysis, by country

6.4.4.1. China

6.4.4.1.1. Market size and forecast, by deployment mode
6.4.4.1.2. Market size and forecast, by end user

6.4.4.2. India

6.4.4.2.1. Market size and forecast, by deployment mode
6.4.4.2.2. Market size and forecast, by end user

6.4.4.3. Japan

6.4.4.3.1. Market size and forecast, by deployment mode
6.4.4.3.2. Market size and forecast, by end user

6.4.4.4. Australia

6.4.4.4.1. Market size and forecast, by deployment mode
6.4.4.4.2. Market size and forecast, by end user

6.4.4.5. Rest of Asia-Pacific

6.4.4.5.1. Market size and forecast, by deployment mode
6.4.4.5.2. Market size and forecast, by end user

6.5. LAMEA

6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast, by deployment mode
6.5.3. Market size and forecast, by end user
6.5.4. Market analysis, by country

6.5.4.1. Latin America

6.5.4.1.1. Market size and forecast, by deployment mode
6.5.4.1.2. Market size and forecast, by end user

6.5.4.2. Middle East

6.5.4.2.1. Market size and forecast, by deployment mode
6.5.4.2.2. Market size and forecast, by end user

6.5.4.3. Africa

6.5.4.3.1. Market size and forecast, by deployment mode
6.5.4.3.2. Market size and forecast, by end user

CHAPTER 7: COMPETITIVE LANDSCAPE

7.1. Introduction
7.2. Top winning strategies

7.2.1. Top winning strategies, by year
7.2.2. Top winning strategies, by development
7.2.3. Top winning strategies, by company

CHAPTER 8: COMPANY PROFILES

8.1. Amazon. Com, Inc.

8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Operating business segments
8.1.4. Product portfolio
8.1.5. Business performance
8.1.6. Key strategic moves and developments

8.2. Baidu, Inc.

8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Operating business segments
8.2.4. Product portfolio
8.2.5. R&D Expenditure
8.2.6. Business performance
8.2.7. Key strategic moves and developments

8.3. Google Inc. (Alphabet Inc.)

8.3.1. Company overview
8.3.2. Company snapshot
8.3.1. Operating business segments
8.3.2. Product portfolio
8.3.3. Business performance
8.3.4. Key strategic moves and developments

8.4. IBM Corporation.

8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Operating business segments
8.4.4. Product portfolio
8.4.5. Business performance

8.5. IFLYTEK Inc.

8.5.1. Company overview
8.5.2. Key Executive
8.5.3. Company snapshot
8.5.4. Product portfolio
8.5.5. Key strategic moves and developments

8.6. Microsoft Corporation

8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Operating business segments
8.6.4. Product portfolio
8.6.5. R&D Expenditure
8.6.6. Business performance
8.6.7. Key strategic moves and developments

8.7. Nuance Communications, Inc.

8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Operating business segments
8.7.4. Product portfolio
8.7.5. Business performance
8.7.6. Key strategic moves and developments

8.8. Raytheon Company

8.8.1. Company overview
8.8.2. Key Executive
8.8.3. Company snapshot
8.8.4. Operating business segments
8.8.5. Product portfolio
8.8.6. R&D Expenditure
8.8.7. Business performance

8.9. Sensory Inc.

8.9.1. Company overview
8.9.2. Key Executive
8.9.3. Company snapshot
8.9.4. Product portfolio
8.9.5. Key strategic moves and developments

8.10. speak2web

8.10.1. Company overview
8.10.2. Key Executive
8.10.3. Company snapshot
8.10.4. Product portfolio

LIST OF TABLES

TABLE 01. GLOBAL SPEECH RECOGNITION MARKET, BY DEPLOYMENT MODE, 2018-2026 ($MILLION)
TABLE 02. SPEECH RECOGNITION MARKET REVENUE FOR ON-CLOUD, BY REGION 2018–2026 ($MILLION)
TABLE 03. SPEECH RECOGNITION MARKET REVENUE FOR ON PREMISE, BY REGION 2018–2026 ($MILLION)
TABLE 04. GLOBAL SPEECH RECOGNITION  MARKET REVENUE, BY END USER, 2018-2026 ($MILLION)
TABLE 05. SPEECH RECOGNITION MARKET REVENUE FOR AUTOMOTIVE, BY REGION 2018–2026 ($MILLION)
TABLE 06. SPEECH RECOGNITION MARKET REVENUE FOR CONSUMER ELECTRONICS, BY REGION 2018–2026 ($MILLION)
TABLE 07. SPEECH RECOGNITION MARKET REVENUE FOR HEALTHCARE, BY REGION 2018–2026 ($MILLION)
TABLE 08. SPEECH RECOGNITION MARKET REVENUE FOR ENTERPRISE, BY REGION 2018–2026 ($MILLION)
TABLE 09. SPEECH RECOGNITION MARKET REVENUE FOR OTHERS, BY REGION 2018–2026 ($MILLION)
TABLE 10. NORTH AMERICA SPEECH RECOGNITION MARKET REVENUE, BY DEPLOYMENT MODE 2018–2026 ($MILLION)
TABLE 11. NORTH AMERICA SPEECH RECOGNITION MARKET REVENUE, BY END USER 2018–2026 ($MILLION)
TABLE 12. U.S. SPEECH RECOGNITION MARKET REVENUE, BY DEPLOYMENT MODE 2018–2026 ($MILLION)
TABLE 13. U.S. SPEECH RECOGNITION MARKET REVENUE, BY END USER2018–2026 ($MILLION)
TABLE 14. CANADA SPEECH RECOGNITION MARKET REVENUE, BY DEPLOYMENT MODE 2018–2026 ($MILLION)
TABLE 15. CANADA SPEECH RECOGNITION MARKET REVENUE, BY END USER2018–2026 ($MILLION)
TABLE 16. MEXICO SPEECH RECOGNITION MARKET REVENUE, BY DEPLOYMENT MODE 2018–2026 ($MILLION)
TABLE 17. MEXICO SPEECH RECOGNITION MARKET REVENUE, BY END USER2018–2026 ($MILLION)
TABLE 18. EUROPE SPEECH RECOGNITION MARKET REVENUE, BY DEPLOYMENT MODE 2018–2026 ($MILLION)
TABLE 19. EUROPE SPEECH RECOGNITION MARKET REVENUE, BY END USER 2018–2026 ($MILLION)
TABLE 20. UK SPEECH RECOGNITION MARKET REVENUE, BY DEPLOYMENT MODE 2018–2026 ($MILLION)
TABLE 21. UK SPEECH RECOGNITION MARKET REVENUE, BY END USER2018–2026 ($MILLION)
TABLE 22. GERMANY SPEECH RECOGNITION MARKET REVENUE, BY DEPLOYMENT MODE 2018–2026 ($MILLION)
TABLE 23. GERMANY SPEECH RECOGNITION MARKET REVENUE, BY END USER2018–2026 ($MILLION)
TABLE 24. FRANCE SPEECH RECOGNITION MARKET REVENUE, BY DEPLOYMENT MODE 2018–2026 ($MILLION)
TABLE 25. FRANCE SPEECH RECOGNITION MARKET REVENUE, BY END USER2018–2026 ($MILLION)
TABLE 26. RUSSIA SPEECH RECOGNITION MARKET REVENUE, BY DEPLOYMENT MODE 2018–2026 ($MILLION)
TABLE 27. RUSSIA  SPEECH RECOGNITION MARKET REVENUE, BY END USER2018–2026 ($MILLION)
TABLE 28. REST OF EUROPE SPEECH RECOGNITION MARKET REVENUE, BY DEPLOYMENT MODE 2018–2026 ($MILLION)
TABLE 29. REST OF EUROPE SPEECH RECOGNITION MARKET REVENUE, BY END USER2018–2026 ($MILLION)
TABLE 30. ASIA PACIFIC SPEECH RECOGNITION MARKET REVENUE, BY DEPLOYMENT MODE 2018–2026 ($MILLION)
TABLE 31. ASIA PACIFIC SPEECH RECOGNITION MARKET REVENUE, BY END USER 2018–2026 ($MILLION)
TABLE 32. CHINA SPEECH RECOGNITION MARKET REVENUE, BY DEPLOYMENT MODE 2018–2026 ($MILLION)
TABLE 33. CHINA SPEECH RECOGNITION MARKET REVENUE, BY END USER2018–2026 ($MILLION)
TABLE 34. INDIA SPEECH RECOGNITION MARKET REVENUE, BY DEPLOYMENT MODE 2018–2026 ($MILLION)
TABLE 35. INDIA SPEECH RECOGNITION MARKET REVENUE, BY END USER2018–2026 ($MILLION)
TABLE 36. JAPAN SPEECH RECOGNITION MARKET REVENUE, BY DEPLOYMENT MODE 2018–2026 ($MILLION)
TABLE 37. JAPAN SPEECH RECOGNITION MARKET REVENUE, BY END USER2018–2026 ($MILLION)
TABLE 38. AUSTRALIA SPEECH RECOGNITION MARKET REVENUE, BY DEPLOYMENT MODE 2018–2026 ($MILLION)
TABLE 39. AUSTRALIA SPEECH RECOGNITION MARKET REVENUE, BY END USER2018–2026 ($MILLION)
TABLE 40. REST OF ASIA PACIFIC SPEECH RECOGNITION MARKET REVENUE, BY DEPLOYMENT MODE 2018–2026 ($MILLION)
TABLE 41. REST OF ASIA PACIFIC SPEECH RECOGNITION MARKET REVENUE, BY END USER2018–2026 ($MILLION)
TABLE 42. LAMEA SPEECH RECOGNITION MARKET REVENUE, BY DEPLOYMENT MODE 2018–2026 ($MILLION)
TABLE 43. LAMEA SPEECH RECOGNITION MARKET REVENUE, BY END USER 2018–2026 ($MILLION)
TABLE 44. LATIN AMAERICA SPEECH RECOGNITION MARKET REVENUE, BY DEPLOYMENT MODE 2018–2026 ($MILLION)
TABLE 45. LATIN AMERICA SPEECH RECOGNITION MARKET REVENUE, BY END USER2018–2026 ($MILLION)
TABLE 46. MIDDLE EAST SPEECH RECOGNITION MARKET REVENUE, BY DEPLOYMENT MODE 2018–2026 ($MILLION)
TABLE 47. MIDDLE EAST SPEECH RECOGNITION MARKET REVENUE, BY END USER2018–2026 ($MILLION)
TABLE 48. AFRICA SPEECH RECOGNITION MARKET REVENUE, BY DEPLOYMENT MODE 2018–2026 ($MILLION)
TABLE 49. AFRICA SPEECH RECOGNITION MARKET REVENUE, BY END USER2018–2026 ($MILLION)
TABLE 50. AMAZON.COM, INC.: company Snapshot
TABLE 51. Advanced Micro Devices, Inc..: OPERATING SEGMENTS
TABLE 52. Advanced Micro Devices, Inc.: PRODUCT PORTFOLIO
TABLE 53. BAIDU: COMPANY SNAPSHOT
TABLE 54. BAIDU: OPERATING SEGMENTS
TABLE 55. BAIDU: PRODUCT PORTFOLIO
TABLE 56. GOOGLE INC: COMPANY SNAPSHOT
TABLE 57. GOOGLE INC.: OPERATING SEGMENTS
TABLE 58. GOOGLE INC..: PRODUCT PORTFOLIO
TABLE 59. IBM CORPORATION: COMPANY SNAPSHOT
TABLE 60. IBM CORPORATION.: OPERATING SEGMENTS
TABLE 61. IBM CORPORATION: PRODUCT PORTFOLIO
TABLE 62. IFLYTEK INC: KEY EXECUTIVES
TABLE 63. IFLYTEK INC: COMPANY SNAPSHOT
TABLE 64. IFLYTEK INC: PRODUCT PORTFOLIO
TABLE 65. MICROSOFT CORPORATION: COMPANY SNAPSHOT
TABLE 66. MICROSOFT CORPORATION: OPERATING SEGMENTS
TABLE 67. MICROSOFT CORPORATION: PRODUCT PORTFOLIO
TABLE 68. MICROSOFT CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 69. NUANCE COMMUNICATIONS, INC: company Snapshot
TABLE 70. NUANCE COMMUNICATIONS, INC: OPERATING SEGMENTS
TABLE 71. NUANCE COMMUNICATIONS, INC: PRODUCT PORTFOLIO
TABLE 72. RAYTHEON COMPANY: KEY EXECUTIVES
TABLE 73. RAYTHEON COMPANY: COMPANY SNAPSHOT
TABLE 74. RAYTHEON COMPANY: OPERATING SEGMENTS
TABLE 75. RAYTHEON COMPANY: PRODUCT PORTFOLIO
TABLE 76. SENSORY INC: KEY EXECUTIVES
TABLE 77. SENSORY INC: COMPANY SNAPSHOT
TABLE 78. SENSORY INC: PRODUCT PORTFOLIO
TABLE 79. SPEAK2WEB: KEY EXECUTIVES
TABLE 80. SPEAK2WEB: COMPANY SNAPSHOT
TABLE 81. SPEAK2WEB: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01. KEY MARKET SEGMENTS
FIGURE 02. EXECUTIVE SUMMARY BY DEPLOYMENT MODE
FIGURE 03. EXECUTIVE SUMMARY BY GEOGRAPHY
FIGURE 04. TOP IMPACTING FACTORS
FIGURE 05. TOP INVESTMENT POCKETS
FIGURE 06. HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 07. MODERATE THREAT OF NEW ENTRANTS
FIGURE 08. MODERATE THREAT OF SUBSTITUTES
FIGURE 09. MODERATE-TO-HIGH INTENSITY OF RIVALRY
FIGURE 10. LOW-TO-MODERATE BARGAINING POWER OF BUYERS
FIGURE 11. PATENT ANALYSIS, BY REGION
FIGURE 12. PATENT ANALYSIS, BY APPLICANT
FIGURE 13. GLOBAL SPEECH RECOGNITION MARKET, BY DEPLOYMENT MODE, 2018-2026
FIGURE 14. COMPARATIVE SHARE ANALYSIS OF ON-CLOUD SPEED RECOGNITION MARKET, BY COUNTRY, 2018 & 2026 (%)
FIGURE 15. COMPARATIVE SHARE ANALYSIS OF ON PREMISE SPEED RECOGNITION MARKET, BY COUNTRY, 2018 & 2026 (%)
FIGURE 16. GLOBAL SPEECH RECOGNITION MARKET SHARE, BY END USER, 2018–2026 (%)
FIGURE 17. COMPARATIVE SHARE ANALYSIS OF AUTOMOTIVE SPEECH RECOGNITION MARKET, BY COUNTRY, 2018 & 2026 (%)
FIGURE 18. COMPARATIVE SHARE ANALYSIS OF CONSUMER ELECTRONICS SPEECH RECOGNITION MARKET, BY COUNTRY,  2018 & 2026 (%)
FIGURE 19. COMPARATIVE SHARE ANALYSIS OF HEALTHCARE SPEECH RECOGNITION MARKET, BY COUNTRY, 2018 & 2026 (%)
FIGURE 20. COMPARATIVE SHARE ANALYSIS OF ENTERPRISE SPEECH RECOGNITION MARKET, BY COUNTRY,  2018 & 2026 (%)
FIGURE 21. COMPARATIVE SHARE ANALYSIS OF OTHERS SPEECH RECOGNITION MARKET, BY COUNTRY,  2018 & 2026 (%)
FIGURE 22. GLOBAL SPEECH RECOGNITION MARKET, BY REGION, 2018-2026
FIGURE 23. NORTH AMERICA SPEECH RECOGNITION MARKET, BY COUNTRY, 2018-2026
FIGURE 24. U.S. SPEECH RECOGNITION MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 25. CANADA SPEECH RECOGNITION MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 26. MEXICO SPEECH RECOGNITION MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 27. EUROPE SPEECH RECOGNITION MARKET, BY COUNTRY, 2018-2026
FIGURE 28. UK SPEECH RECOGNITION MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 29. GERMANY SPEECH RECOGNITION MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 30. FRANCE SPEECH RECOGNITION MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 31. RUSSIA SPEECH RECOGNITION MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 32. REST OF EUROPE SPEECH RECOGNITION MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 33. ASIA-PACIFIC SPEECH RECOGNITION MARKET, BY COUNTRY, 2018-2026
FIGURE 34. CHINA SPEECH RECOGNITION MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 35. INDIA SPEECH RECOGNITION MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 36. JAPAN SPEECH RECOGNITION MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 37. AUSTRALIA SPEECH RECOGNITION MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 38. REST OF ASIA-PACIFIC SPEECH RECOGNITION MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 39. LAMEA SPEECH RECOGNITION MARKET, BY COUNTRY, 2018-2026
FIGURE 40. LATIN AMERICA SPEECH RECOGNITION MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 41. MIDDLE EAST SPEECH RECOGGNITION MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 42. AFRICA SPEECH RECOGNITION MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 43. TOP WTOP WINNING STRATEGIES, BY YEAR, 2016–2019
FIGURE 44. TOP WINNING STRATEGIES, BY DEVELOPMENT, 2016–2019 (%)
FIGURE 45. TOP WINNING STRATEGIES, BY COMPANY, 2016–2019
FIGURE 46. AMAZON.COM, INC., 2016–2018 ($MILLION)
FIGURE 47. AMAZON.COM, INC.: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 48. AMAZON.COM, INC.: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 49. BAIDU: R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 50. BAIDU: NET SALES, 2016–2018 ($MILLION)
FIGURE 51. BAIDU: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 52. GOOGLE INC.: REVENUE, 2016–2018 ($MILLION)
FIGURE 53. GOOGLE INC.: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 54. GOOGLE INC.: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 55. IBM CORPORATION 2016–2018 ($MILLION)
FIGURE 56. IBM CORPORATION.: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 57. IBM CORPORATION.: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 58. MICROSOFT CORPORATION: R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 59. MICROSOFT CORPORATION: REVENUE, 2017–2019 ($MILLION)
FIGURE 60. MICROSOFT CORPORATION: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 61. MICROSOFT CORPORATION: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 62. NUANCE COMMUNICATIONS, INC.: REVENUE, 2016–2018 ($MILLION)
FIGURE 63. NUANCE COMMUNICATIONS, INC: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 64. NUANCE COMMUNICATIONS, INC: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 65. RAYTHEON COMPANY: R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 66. RAYTHEON COMPANY: NET SALES, 2016–2018 ($MILLION)
FIGURE 67. RAYTHEON COMPANY: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 68. RAYTHEON COMPANY: REVENUE SHARE BY REGION, 2018 (%)

 
 

A speech recognition is especially designed for an interdisciplinary subfield of computational linguistics that develops methodologies and technologies enables the recognition and translation of spoken language into text by computers.

Factors such as increasing demand for speech recognition in automotive, rising demand for voice biometric systems for user authentication and high growth potential in healthcare application has boosted the growth of the global Speech recognition market. However, lack of accuracy in harsh environments and high installation cost, act as a major restraint hampering the market growth. Furthermore, rising adoption of speech recognition in the consumer verticals and emergence of speech recognition in robotics offers lucrative opportunities for the Speech recognition market growth globally.

Japan and China are technologically advanced countries, which exhibit high demand for smart technologies. Emerging countries, such as India, are expected to drive the market growth. However, presence of other underdeveloped countries is expected to hamper the growth of the speech recognition market in the Asia-Pacific region. Increase in penetration of voice-enabled Internet of Things (IoT) devices in smart home automation is expected to drive the demand for speech recognition-based products in near future.

The key players profiled in the report include Google Inc., Naunce Communication, IBM, Baidu, Amazon, Microsoft, Raytheon BBN Technologies, Sensory, Iflytek and Speak2web.

 

 

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