Voice and Speech Recognition Technology

Voice and Speech Recognition Technology - Global Strategic Business Report

Global Industry Analysts, Date of Publication: Oct 21, 2016, 376 Pages
US$4,950.00
GIA-MCP1414

Global market for Voice and Speech Recognition Software is projected to reach US$12.6 billion by 2022, driven by technology developments in computational linguistics that help enhance accuracy in automatic speech recognition (ASR) and versatile use in consumer, industrial and enterprise applications. 

Voice and speech recognition technology represents the most innovative and effective man and machine interface. The technology offers unchallenged ease and comfort to users when accessing a range of controls and features on a machine. There is growing demand for intelligent machines, both industrial machinery and consumer devices, capable of automated management and control. New generation of voice and speech recognition solutions allow users to operate a range of machines such as personal navigation devices, computers, laptops, industrial machinery, automotive telematics and mobile handsets through verbal commands. Automatic speech recognition (ASR), text-to-speech (TTS) and speaker verification are applications that are gaining prominence in end-use markets such as customer care and call center facilities, healthcare establishments and financial institutions. In the coming years, consumer facing applications such as mobile device authentication wearable device management are forecast to witness the maximum growth in voice and speech recognition implementations. 

This report analyzes the worldwide markets for Voice and Speech Recognition Technology in US$ Thousand. The Global market is additionally analyzed by the following Segments: Voice Recognition, and Speech Recognition. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Annual estimates and forecasts are provided for the period 2015 through 2022. Also, a six-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based on public domain information including company URLs. The report profiles 78 companies including many key and niche players such as -

24/7 Customer, Inc.
Acapela Group
Advanced Voice Recognition Systems, Inc.
AGNITIO S.L
Apple, Inc.


Voice and Speech Recognition Technology
TABLE OF CONTENTS

 I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

      Study Reliability and Reporting Limitations                       I-1
      Disclaimers                                                       I-2
      Data Interpretation & Reporting Level                             I-2
       Quantitative Techniques & Analytics                              I-3
      Product Definitions And Scope of Study                            I-3
       Voice Recognition Technology                                     I-3
       Speech Recognition Technology                                    I-3


 II. EXECUTIVE SUMMARY

  1. INDUSTRY OVERVIEW                                                  II-1
      Speech Technology: Enabling Man-to-Machine Communication          II-1
       Value Chain of Voice Business                                    II-2
      Speech Technology: An Indispensable Part of New-Age Machines      II-2
      Speech Recognition Dominates Voice & Speech Recognition
       Technology Market                                                II-4
      Voice Recognition - The Faster Growing Technology Segment         II-5
      Automated Speech Recognition (ASR): The Widely Used Speech
       Recognition Technology                                           II-7
      Text-to-Speech Emerges as a Realistic, Natural Conversation Tool  II-8
       Text-to-speech (TTS) for Education Market - Significant
        Potential for Growth                                            II-9
       TTS Aids in Improving Customer Engagement                        II-10
      Developed Markets to Maintain their Dominance                     II-11
      Developing Countries to Drive Global Growth in the Short-to-
       Medium Term Period                                               II-11
       Table 1: Global Voice and Speech Recognition Technology
       Market: Leading Countries by Percentage CAGR for the Period
       2015-2022 (includes corresponding Graph/Chart)                   II-12
      Competitive Landscape                                             II-12
       China’s Speech Recognition Market - A Tough Nut to Crack for
        Google                                                          II-13
       Patent Activity Gains Momentum in Speech Technology Market       II-14
       A Review of Competition in Key Sectors                           II-15
        Speech Engine                                                   II-15
        Analytics                                                       II-15
        Self-Service Suite                                              II-15
        Speech Security                                                 II-15
        Professional Services                                           II-15
      Major Challenges Impeding Speech & Voice Recognition Market       II-16
       Limited Understanding of Words and Inability to Process Large
        Vocabulary of Information                                       II-16
       Low Accuracy due to Ambient Noise                                II-16
       Lack of Awareness                                                II-16

  2. MARKET TRENDS, ISSUES & DRIVERS                                    II-17
      Rapid Penetration of Mobile Devices: A Major Growth Driver        II-17
       Opportunity Indicators                                           II-18
        Table 2: World Market for Mobile Handsets: Breakdown of
        Volume Sales in Million Units for Years 2011, 2013 & 2015E
        (includes corresponding Graph/Chart)                            II-18

        Table 3: Worldwide Penetration Rate (%) of Mobile Cellular
        Subscriptions by Geographic Region (2016E) (includes
        corresponding Graph/Chart)                                      II-19

        Table 4: Worldwide Mobile Penetration - Mobile Connections
        as a Percentage of Total Population for Select Countries
        (2016E) (includes corresponding Graph/Chart)                    II-19

        Table 5: Penetration Rate (%) of Voice Processors in Mobile
        Devices for 2012 through 2016 (includes corresponding
        Graph/Chart)                                                    II-20
       Mobile SMS: An Underutilized Feature for Mobile Speech
        Recognition Technology                                          II-20
       Advancements in Processing Power Improves Speech Recognition
        Efficiency                                                      II-21
       Mobile Voice Portals Drive Adoption of Speech Recognition in
        Mobile Phones                                                   II-21
       Voice & Speech Recognition Become Part of Primary Interface
        for Smartphone Users                                            II-22
        Robust Growth of Smartphones Sets the Platform                  II-22
         Table 6: Global Market for Smartphones: Volume Sales in
         Billion Units for 2014, 2016, 2018 & 2020 (includes
         corresponding Graph/Chart)                                     II-23

         Table 7: Smartphone Penetration Rate (%) for Select
         Countries Worldwide as a Percentage of Population Owning a
         Phone: 2016 (includes corresponding Graph/Chart)               II-24
       Growing Popularity of Tablet Phones Benefits the Market          II-25
        Table 8: Worldwide Shipments of Desktop PCs, Laptops and
        Tablets in Million Units for 2014 and 2016E (includes
        corresponding Graph/Chart)                                      II-25
       Wearable Devices: The Next Frontier for Speech Recognition
        Technology                                                      II-25
      Technology Innovations & Advancements: Spearheading Growth        II-27
       Intelligent Virtual Assistants - A Proactive Speech
        Technology-based Feature                                        II-27
       Multimodal Solutions: The New Focus Area                         II-28
        Integration of Graphic User Interface (GUI) and Voice User
         Interface (VUI)                                                II-29
       Innovations in Voice-Interface Devices                           II-30
       Technology Developers Focus on Phoneme Accuracy Feature          II-30
       Speech Recognition-enabled Self-Service Technology               II-31
      Promising Prospects for Speech Recognition Technology in Call
       Centers                                                          II-31
       Rising Significance of Speech Technology for Outsourced
        Customer Care Services Market                                   II-32
       Call Centers to Leverage Proficiency of Speech Analytics         II-33
       Expanding Use of IVR Systems in Call Centers Lends Traction
        to Market Growth                                                II-34
        Table 9: Global IVR Systems Market (2015): Percentage
        Breakdown of Installed Systems by Input Mode (includes
        corresponding Graph/Chart)                                      II-34

        Table 10: Global Interactive Voice Response (IVR) Systems by
        Geographic Region - Annual Revenues in US$ Million for the
        Years 2016 & 2022 (includes corresponding Graph/Chart)          II-35
        Growing Demand for Hosted IVR Services Fuels Demand for
         Speech Technology Solutions                                    II-35
      Rising Importance of Speech Technology in the IoT Era             II-36
      Cloud Computing Technology Revolutionizes Speech Technology
       Market                                                           II-36
       Healthcare Facilities Seek the Aid of Cloud for Voice
        Documentation                                                   II-38
       User Experience and Usability Take Center Stage                  II-38
       Cloud Solutions Boost Adoption of Voice Recognition Technologies II-38
       Cloud Services to Drive Mobility for Voice Authentication        II-39
      Globalization & Workforce Decentralization Spur Demand in the
       Enterprise Sector                                                II-40
       Table 11: Global Speech Recognition Market (2013): Percentage
       Share Breakdown of Revenues by End-Use Segment (includes
       corresponding Graph/Chart)                                       II-40

       Table 12: Global Workforce Population (2009 & 2014):
       Percentage Share Breakdown of Employees by Nature of Work
       (includes corresponding Graph/Chart)                             II-41

       Table 13: Global Breakdown of Mobile Workforce (in Million)
       for the Years 2010 & 2015 by Geographic Region (includes
       corresponding Graph/Chart)                                       II-41
       Speech Analytics Gather Steam                                    II-41
      Rising Popularity of Biometrics Offer Ample Growth Opportunities  II-42
       Voice Biometrics Emerges as a Game Changer for Authenticating
        Mobile Devices                                                  II-42
       Increasing Security Threats Drive the Voice Verification
        Biometrics Market                                               II-43
      Favorable Trends in the IT Industry Strengthens Market Prospects  II-44
       Spurt in Internet Usage                                          II-44
        Table 14: Global Internet Usage (2012-2016): Number of
        Internet Users (in Billion) and Internet Penetration Rate
        (%) (includes corresponding Graph/Chart)                        II-44

        Table 15: Top Countries in Internet Usage Worldwide (2016E):
        Breakdown by Number of Internet Users (in Million) and
        Internet Penetration Rate (%) (includes corresponding
        Graph/Chart)                                                    II-45

        Table 16: Global Internet Usage: Number of Internet
        Subscribers (in Million) and Penetration Rate (%) by
        Geographic Region for the Year 2016 (includes corresponding
        Graph/Chart)                                                    II-46
       Move towards Convergence                                         II-46
       Proliferation of Embedded Devices                                II-47
       Continued Expansion of Software Sector                           II-47
       Rise in Social Networking                                        II-47
       VoIP Model Drives Demand                                         II-47
       Speech-based Searching Gains Momentum                            II-48
      Speech Technology Solutions Improves Convenience and Safety of
       Automobiles                                                      II-48
       Telematics & Car Infotainment Offers Opportunities on a Platter  II-50
       Cloud-based Voice Recognition to Foster Use of Automotive
        Telematics                                                      II-50
       Growing Adoption of Speech Recognition Technology in “In-
        Vehicle Systems”                                                II-51
       Overcoming Challenges in Comprehending Voice Commands in
        Automobiles                                                     II-52
       Suppression of In-Car Noise - Essential for Effectiveness of
        Voice Recognition Technology                                    II-52
       Blurring Demographic Barriers Encourage Voice-Enabled Car
        Systems                                                         II-53
       Growth in Automobiles Production Bodes Well for the Market       II-53
        Table 17: Global Automobile Production for the Years 2015,
        2017 & 2020 (in ‘000 Units) (includes corresponding
        Graph/Chart)                                                    II-54
      Speech Recognition Charms Connected Media Solutions               II-54
       Audio Mining for Searching Online Audio and Video Content        II-55
      Speech Recognition Seeks Improvements in Processor Technology     II-55
      Speech Recognition Technology Transforms Banking Industry         II-56
       Voice Authentication Systems for Mitigating Online Banking Fraud II-56
      Healthcare Industry: A Major Untapped Opportunity                 II-57
       Voice Documentation Emerge as a Preferred Means for Data
        Collection                                                      II-58
       Hospitals Look towards Front-end Speech Recognition Deployments  II-58
       Radiology Department & Point-of-Care: Potential Application
        Areas                                                           II-59
       Speech Recognition in Electronic Medical Records (EMR)           II-59
       Speech-Enabled Self-Service Solutions for the Healthcare Sector  II-60
       Rising Incidence of Cognitive Impairment Issues Drive Focus
        onto Assistive Speech Technology                                II-60
      Rising Prominence of Voice Controls in Smart Homes                II-61
      Distribution and Warehouse Management Leverages Potential of
       Speech Technology                                                II-62
       How Speech Technology Operates in the Distribution Center        II-62
       Advantages of Speech Technology in the Distribution Center       II-63
      Growing Opportunities for Speech Recognition in the SOHO Market   II-64
      Speech Technology Finds Favor among Law Enforcement Agencies      II-64
       Law Enforcement Agencies Seek to Exploit Voice Stress Analyser   II-64
        Voice Stress Analyser vs. Polygraphs                            II-65
      Increasing Use of Speech Technology in Next Generation
       Networks (NGNs)                                                  II-65
      Speech Technology Facilitates Quick Information Access in the
       Military Sector                                                  II-65
      Open Standards: A Key Architectural Requisite                     II-66

  3. PRODUCT OVERVIEW                                                   II-67
      Speech Technology: Processing Human Speech                        II-67
       History of Speech Technology                                     II-67
        Landmarks in the Advancement of Speech Recognition Technology   II-68
      Speech Recognition Technology                                     II-69
       Speech Recognition Modes                                         II-69
        Dictation Mode                                                  II-69
        Command and Control Mode                                        II-70
       Speech Recognition Technology: How it Helps Developers?          II-70
       Applications                                                     II-70
       Advantages                                                       II-71
        Cost Savings                                                    II-71
        Improvement in Call Completion Rates                            II-71
        Delivery of Value-Added Content to Users                        II-71
        Higher Customer Satisfaction                                    II-71
        Reduction in Agent Turnover Rate                                II-71
        Other Advantages in Brief                                       II-71
       Types of Speech Technology                                       II-72
        Automatic Speech Recognition                                    II-72
         Types of Automatic Speech Recognition                          II-73
          Discrete Word Recognition                                     II-73
          Continuous Word Recognition                                   II-73
          Word Spotting                                                 II-73
          Phoneme Recognition                                           II-73
          Natural Language - Grammar Based Recognition                  II-73
         Types of ASR Technology Solutions                              II-74
          Speaker-Independent Technology                                II-74
          Speaker-Dependent Technology                                  II-74
          Isolated Speech Recognition Systems                           II-75
          Connected Speech Recognition Systems                          II-75
          Continuous Speech Recognition Systems                         II-75
         Automatic Speech Recognition: Applications                     II-75
          Principal Applications of Automatic Speech Recognition by
           Sector                                                       II-76
         Prospective Applications                                       II-76
          Document Editing                                              II-76
          Data Entry                                                    II-77
          Edutainment and Games                                         II-77
         Advantages                                                     II-77
         Limitations                                                    II-78
        Text-to-Speech or Speech Synthesis                              II-78
         Process Description of Speech Synthesis                        II-79
         Visual Text-to-Speech                                          II-79
         Text-to-Speech Vs. Digitized Voice                             II-79
         Applications                                                   II-79
         Advantages                                                     II-80
      Voice Recognition Technology                                      II-80
       Speaker Verification                                             II-81
        Methods of Speaker Verification                                 II-81
         Text-Dependent Speaker Verification Methods                    II-81
          Hidden Markov Modeling (HMW)                                  II-81
          Dynamic Time Warping (DTW)                                    II-81
         Text-Independent Speaker Verification Methods                  II-82
          VQ-Based Method                                               II-82
          Multivariate Auto-Regression (MAR)                            II-82
          Average-Spectrum-Based Method                                 II-82
        Drawbacks                                                       II-82
      Distributed Speech Recognition System                             II-82
       Distributed Speech Recognition Services                          II-83
      Other Speech Technology Related Concepts                          II-83
       Interactive Voice Response                                       II-83
        Phonetic Speech Recognition                                     II-84
        Integration of Speech Recognition in IVR Systems                II-84
        Attributes of Advanced Speech Solutions for IVRs                II-85
        Advantages of IVR for Customer Service                          II-85
        Advantages of IVR for Management                                II-85
       Voice Over Internet Protocol                                     II-86
       Natural Language Speech Recognition                              II-86
        Design, Development, and Implementation of NLSR Applications    II-86
         Preliminary Collection of Data                                 II-87
         Transcription of Data                                          II-87
         Describing Key Reasons for Customer Calls                      II-87
         Tagging                                                        II-87
         System Training                                                II-87
         Implementation                                                 II-87
       Speech Application Language Tags                                 II-87
       Wireless Application Protocol                                    II-88
       Voice Portal                                                     II-88
       VoiceXML                                                         II-89
       V-Commerce                                                       II-89
       Voice/Data Convergence                                           II-90
       Voice Browsers                                                   II-90

  4. PRODUCT & TECHNOLOGY INNOVATIONS/ INTRODUCTIONS                    II-91
      Sensory Introduces TrulyHandsfree SDK                             II-91
      Interactions Unveils Curo™ Speech Application                     II-91
      VoiceBox Introduces New Embedded ASR Product for Automotive
       Applications                                                     II-91
      Nuance Releases Dragon® for Mac Medical Speech Recognition
       Software                                                         II-91
      TranscribeMe Unveils High Accuracy Automated Speech
       Recognition Technology                                           II-91
      Uniphore Introduces Latest Version of auMina                      II-91
      Ozonetel Introduces Speech Recognition Technology                 II-92
      NTT Introduces Speech-Recognition API for Cross-Browser Use       II-92
      Listen Technologies Launches TalkPerfect DX Speech Enhancement
       System                                                           II-92
      Sensory Introduces TrulyNatural Platform                          II-92
      Nuance Releases Dragon® Dictate Medical for Mac®                  II-92
      BigHand Upgrades Server-Side Speech Recognition Module            II-92
      Azure Media Launches Speech Recognition Service to Index Video
       Content                                                          II-92
      Nuance Communications Launches Dragon NaturallySpeaking 13 for
       the PC                                                           II-93
      LumenVox Unveils LumenVox 12.1                                    II-93
      Fujitsu Laboratories Develops New Speech Synthesis Technology     II-93
      Nuance Communications Upgrades PowerScribe 360 Platform for
       Healthcare                                                       II-93
      DSP Group® and Sensory Rolls Out Voice Activation Solution        II-93
      Genesys Launches Actionable Analytics Solution                    II-93
      Nuance Communications Rolls Out Dragon Drive-Powered Mercedes
       News App                                                         II-93
      IDS Unveils Voice2Dox 3.0 Speech Recognition Application for
       Clinical Reporting                                               II-94
      Sensory and Tensilica Unveil Lowest Power Voice Activation
       Solution                                                         II-94
      Nuance Communications Launches Next Generation Voice
       Biometrics Platform                                              II-94
      NeoSpeech Unveils VoiceEZCALL™ English Learning Program Software  II-94
      Nuance Communications Rolls Out New Version of Dragon Medical
       Practice Edition for Smaller Practices                           II-94
      Nuance Communications Launches Voice Ads                          II-94
      Agnitio Unveils BATVOX 4.0 Forensic Speaker Verification System   II-95
      ReadSpeaker Unveils Web Application Service Platform for Text
       -to-Speech                                                       II-95

  5. RECENT INDUSTRY ACTIVITY                                           II-96
      Nuix and Voci Enter into Strategic Partnership for Speech
       Analytics Solution                                               II-96
      Vuzix® and Sensory in Partnership                                 II-96
      CHRISTUS Health Selects Nuance’s Speech Recognition and
       Clinical Documentation Solutions                                 II-96
      Dataworxs Australia and Nuance to Resell Dragon Medical Speech
       Technology in Australia                                          II-96
      ReadSpeaker and Blackboard Team Up for Text-to-Speech Tech        II-96
      VocalZoom Collaborates with Cobalt Speech & Language              II-96
      VoiceBox to Acquire Telisma Speech Product Unit from OnMobile     II-97
      Sensory and Phillips Collaborate for Speech Recognition
       Technologies                                                     II-97
      Acapela Takes Over CreaWave                                       II-97
      Apple Acquires VocalIQ                                            II-97
      Facebook Takes Over Wit.ai                                        II-97
      Interactions Concludes Acquisition of AT&T Watsonsm Technology
       Program                                                          II-97
      Samsung’s Galaxy Products Deploy Sensory’ Embedded Speech
       Technologies                                                     II-98
      Convergys Partners with Voci Technologies                         II-98
      Sena Technologies Selects Sensory’s TrulyHandsfree™ Voice
       Trigger and Phrase Spotting Technology                           II-98
      Sensory Receives Patent Claims on its TrulyHandsfree™ Voice
       Control Approach                                                 II-98
      British Telecommunications Deploys LumenVox Automatic Speech
       Recognizer                                                       II-98
      NXP Semiconductors Integrates Rubidium’s Multi-Lingual ASR and
       Voice Trigger Engine into CoolFlux™ DSP                          II-98
      Nuance Communications Delivers Speech and Natural Language
       Understanding Technology to China Mobile’s Jiangsu Branch        II-98
      Honeywell Acquires Intermec                                       II-99
      Apple Acquires Novauris Technologies                              II-99
      Applications Technology Takes Over Leidos’ Omnifluent Human
       Language Technology Software and Associated Business             II-99
      Amazon.com Acquires IVONA Software                                II-99
      Nuance Communications Signs Multi-Year Collaboration Deal with
       ZTE                                                              II-99
      Wolfson Microelectronics Selects Sensory's TrulyHandsfree
       Voice Control and Audio Detect Front-End                         II-99
      Nuance Communications Integrates New DIRECTV Voice Search
       Feature for the DIRECTV App                                      II-99
      Aldebaran Robotics to Integrate Nuance’s Conversational Voice
       Capabilities in its NAO Robot                                    II-100
      Nuance Communications Delivers Dragon Drive Voice Capabilities
       to Kenwood Audio Visual Navigation Systems                       II-100
      Genesys Acquires Utopy                                            II-100
      Avaya Includes LumenVox in its DevConnect Select Product Program  II-100
      Nuance Communications Inaugurates Brand New Mobile Innovation
       Center in Massachusetts                                          II-100
      Nuance Communications to Take Over Tweddle Connect from
       Tweddle Group                                                    II-100
      Toyota Selects Nuance Dragon Drive for its Smart G-BOOK
       Smartphone Application                                           II-101
      ReadSpeaker Partners with Instructure                             II-101
      Tatra Banka Deploys Nuance Communications’ FreeSpeech Voice
       Biometrics Solution                                              II-101
      Nuance Communications Teams Up with Widespace                     II-101
      Nuance Communications to Collaborate with AutoNavi                II-101

  6. FOCUS ON SELECT GLOBAL PLAYERS                                     II-102
      24/7 Customer, Inc. (US)                                          II-102
      Acapela Group (France)                                            II-102
      Advanced Voice Recognition Systems, Inc. (US)                     II-102
      AGNITIO S.L. (Spain)                                              II-103
      Apple, Inc. (US)                                                  II-103
      Applied Voice & Speech Technologies, Inc. (US)                    II-103
      Avaya, Inc. (US)                                                  II-104
      BioTrust ID B.V. (The Netherlands)                                II-104
      Cisco Systems, Inc. (US)                                          II-104
      Convergys Corp. (US)                                              II-105
      Genesta Partnership (US)                                          II-105
      Genesys Telecommunications Laboratories, Inc. (US)                II-106
      Google, Inc. (US)                                                 II-106
      Honeywell Scanning & Mobility (US)                                II-106
      IBM Corporation (US)                                              II-107
      LumenVox LLC (US)                                                 II-107
      M*Modal, Inc. (US)                                                II-108
      Microsoft Corporation (US)                                        II-108
      Netcall Telecom (UK)                                              II-109
      Nuance Communications, Inc. (US)                                  II-109
      Sensory, Inc. (US)                                                II-110
      SpeechFX, Inc. (US)                                               II-110
      VoiceBox Technologies Corporation (US)                            II-110
      VoiceVault, Inc. (US)                                             II-111
      Voxware, Inc. (US)                                                II-111
      Wizzard Speech LLC (US)                                           II-111

  7. GLOBAL MARKET PERSPECTIVE                                          II-112
      Table 18: World Recent Past, Current & Future Analysis for
      Voice and Speech Recognition Technology by Geographic Region -
      US, Canada, Japan, Europe, Asia-Pacific, Latin America and
      Rest of World Markets Independently Analyzed with Annual
      Revenue Figures in US$ Thousand for Years 2015 through 2022
      (includes corresponding Graph/Chart)                              II-112

      Table 19: World Historic Review for Voice and Speech
      Recognition Technology by Geographic Region - US, Canada,
      Japan, Europe, Asia-Pacific, Latin America and Rest of World
      Markets Independently Analyzed with Annual Revenue Figures in
      US$ Thousand for Years 2009 through 2014 (includes
      corresponding Graph/Chart)                                        II-113

      Table 20: World 14-Year Perspective for Voice and Speech
      Recognition Technology by Geographic Region - Percentage
      Breakdown of Revenues for US, Canada, Japan, Europe,
      Asia-Pacific, Latin America and Rest of World Markets for
      Years 2009, 2016 & 2022 (includes corresponding Graph/Chart)      II-114

      Table 21: World Recent Past, Current & Future Analysis for
      Voice and Speech Recognition Technology by Segment - Voice
      Recognition and Speech Recognition Markets Independently
      Analyzed with Annual Revenue Figures in US$ Thousand for Years
      2015 through 2022 (includes corresponding Graph/Chart)            II-115

      Table 22: World Historic Review for Voice and Speech
      Recognition Technology by Segment - Voice Recognition and
      Speech Recognition Markets Independently Analyzed with Annual
      Revenue Figures in US$ Thousand for Years 2009 through 2014
      (includes corresponding Graph/Chart)                              II-116

      Table 23: World 14-Year Perspective for for Voice and Speech
      Recognition Technology by Geographic Region - Percentage
      Breakdown of Revenues for Voice Recognition and Speech
      Recognition Markets for Years 2009, 2016 & 2022 (includes
      corresponding Graph/Chart)                                        II-117


 III. MARKET

  1. THE UNITED STATES                                                  III-1
      A.Market Analysis                                                 III-1
        Speech & Voice Recognition Software Market: An Overview         III-1
        Speech Technology Market Remains Firm                           III-1
        Voice Recognition Market for Smartphones                        III-2
        Speech Recognition Technology: A Prominent Role in
         Healthcare Sector                                              III-2
         Growing Adoption of Speech Recognition Systems among
          American Doctors                                              III-3
        Amid Growing Threats Financial Sector Embraces Voice Biometrics III-3
         Stricter Government Regulations Propel Demand for
          Interactive Analytics Systems                                 III-4
        Rising Demand for Speech Analytics Technology in Insurance
         Industry                                                       III-4
        Automotive Industry Looks to Voice Recognition Technology
         for Improving Driver Safety                                    III-5
        Speech Recognition Technology Making Way into Air Traffic
         Control                                                        III-5
        Product Launches                                                III-6
        Strategic Corporate Developments                                III-9
        Key Players                                                     III-13
      B.Market Analytics                                                III-22
        Table 24: US Recent Past, Current & Future Analysis for
        Voice and Speech Recognition Technology Analyzed with Annual
        Revenue Figures in US$ Thousand for Years 2015 through 2022
        (includes corresponding Graph/Chart)                            III-22

        Table 25: US Historic Review for Voice and Speech
        Recognition Technology Analyzed with Annual Revenue Figures
        in US$ Thousand for Years 2009 through 2014 (includes
        corresponding Graph/Chart)                                      III-23

  2. CANADA                                                             III-24
      A.Market Analysis                                                 III-24
        Current and Future Analysis                                     III-24
        Market Overview                                                 III-24
        VoiceTIMES: The Speech Technology Initiative                    III-24
      B.Market Analytics                                                III-25
        Table 26: Canadian Recent Past, Current & Future Analysis
        for Voice and Speech Recognition Technology Analyzed with
        Annual Revenue Figures in US$ Thousand for Years 2015
        through 2022 (includes corresponding Graph/Chart)               III-25

        Table 27: Canadian Historic Review for Voice and Speech
        Recognition Technology Analyzed with Annual Revenue Figures
        in US$ Thousand for Years 2009 through 2014 (includes
        corresponding Graph/Chart)                                      III-26

  3. JAPAN                                                              III-27
      A.Market Analysis                                                 III-27
        Current and Future Analysis                                     III-27
        Product Launches                                                III-27
        Strategic Corporate Development                                 III-27
      B.Market Analytics                                                III-28
        Table 28: Japanese Recent Past, Current & Future Analysis
        for Voice and Speech Recognition Technology Analyzed with
        Annual Revenue Figures in US$ Thousand for Years 2015
        through 2022 (includes corresponding Graph/Chart)               III-28

        Table 29: Japanese Historic Review for Voice and Speech
        Recognition Technology Analyzed with Annual Revenue Figures
        in US$ Thousand for Years 2009 through 2014 (includes
        corresponding Graph/Chart)                                      III-29

  4. EUROPE                                                             III-30
       Market Analysis                                                  III-30
        Table 30: European Recent Past, Current & Future Analysis
        for Voice and Speech Recognition Technology by Geographic
        Region - France, Germany, Italy, UK, Spain, Russia, and Rest
        of Europe Markets Independently Analyzed with Annual Revenue
        Figures in US$ Thousand for Years 2015 through 2022
        (includes corresponding Graph/Chart)                            III-31

        Table 31: European Historic Review for Voice and Speech
        Recognition Technology by Geographic Region - France,
        Germany, Italy, UK, Spain, Russia, and Rest of Europe
        Markets Independently Analyzed with Annual Revenue Figures
        in US$ Thousand for Years 2009 through 2014 (includes
        corresponding Graph/Chart)                                      III-32

        Table 32: European 14-Year Perspective for Voice and Speech
        Recognition Technology by Geographic Region - Percentage
        Breakdown of Revenues for France, Germany, Italy, UK, Spain,
        Russia, and Rest of Europe Markets for Years 2009, 2016 &
        2022 (includes corresponding Graph/Chart)                       III-33

  4a. FRANCE                                                            III-34
      A.Market Analysis                                                 III-34
        Current and Future Analysis                                     III-34
        Strategic Corporate Developments                                III-34
        Acapela Group - A Key Player                                    III-34
      B.Market Analytics                                                III-35
        Table 33: French Recent Past, Current & Future Analysis for
        Voice and Speech Recognition Technology Analyzed with Annual
        Revenue Figures in US$ Thousand for Years 2015 through 2022
        (includes corresponding Graph/Chart)                            III-35

        Table 34: French Historic Review for Voice and Speech
        Recognition Technology Analyzed with Annual Revenue Figures
        in US$ Thousand for Years 2009 through 2014 (includes
        corresponding Graph/Chart)                                      III-36

  4b. GERMANY                                                           III-37
       Market Analysis                                                  III-37
        Table 35: German Recent Past, Current & Future Analysis for
        Voice and Speech Recognition Technology Analyzed with Annual
        Revenue Figures in US$ Thousand for Years 2015 through 2022
        (includes corresponding Graph/Chart)                            III-37

        Table 36: German Historic Review for Voice and Speech
        Recognition Technology Analyzed with Annual Revenue Figures
        in US$ Thousand for Years 2009 through 2014 (includes
        corresponding Graph/Chart)                                      III-38

  4c. ITALY                                                             III-39
       Market Analysis                                                  III-39
        Table 37: Italian Recent Past, Current & Future Analysis for
        Voice and Speech Recognition Technology Analyzed with Annual
        Revenue Figures in US$ Thousand for Years 2015 through 2022
        (includes corresponding Graph/Chart)                            III-39

        Table 38: Italian Historic Review for Voice and Speech
        Recognition Technology Analyzed with Annual Revenue Figures
        in US$ Thousand for Years 2009 through 2014 (includes
        corresponding Graph/Chart)                                      III-40

  4d. THE UNITED KINGDOM                                                III-41
      A.Market Analysis                                                 III-41
        Current and Future Analysis                                     III-41
        Strategic Corporate Developments                                III-41
        Netcall Telecom - A Key Player                                  III-41
      B.Market Analytics                                                III-42
        Table 39: UK Recent Past, Current & Future Analysis for
        Voice and Speech Recognition Technology Analyzed with Annual
        Revenue Figures in US$ Thousand for Years 2015 through 2022
        (includes corresponding Graph/Chart)                            III-42

        Table 40: UK Historic Review for Voice and Speech
        Recognition Technology Analyzed with Annual Revenue Figures
        in US$ Thousand for Years 2009 through 2014 (includes
        corresponding Graph/Chart)                                      III-43

  4e. SPAIN                                                             III-44
      A.Market Analysis                                                 III-44
        Current and Future Analysis                                     III-44
        Product Launch                                                  III-44
        AGNITIO S.L. - A Key Player                                     III-44
      B.Market Analytics                                                III-45
        Table 41: Spanish Recent Past, Current & Future Analysis for
        Voice and Speech Recognition Technology Analyzed with Annual
        Revenue Figures in US$ Thousand for Years 2015 through 2022
        (includes corresponding Graph/Chart)                            III-45

        Table 42: Spanish Historic Review for Voice and Speech
        Recognition Technology Analyzed with Annual Revenue Figures
        in US$ Thousand for Years 2009 through 2014 (includes
        corresponding Graph/Chart)                                      III-46

  4f. RUSSIA                                                            III-47
       Market Analysis                                                  III-47
        Table 43: Russian Recent Past, Current & Future Analysis for
        Voice and Speech Recognition Technology Analyzed with Annual
        Revenue Figures in US$ Thousand for Years 2015 through 2022
        (includes corresponding Graph/Chart)                            III-47

        Table 44: Russian Historic Review for Voice and Speech
        Recognition Technology Analyzed with Annual Revenue Figures
        in US$ Thousand for Years 2009 through 2014 (includes
        corresponding Graph/Chart)                                      III-48

  4g. REST OF EUROPE                                                    III-49
      A.Market Analysis                                                 III-49
        Current and Future Analysis                                     III-49
        Strategic Corporate Developments                                III-49
        BioTrust ID B.V. (The Netherlands) - A Key Player               III-50
      B.Market Analytics                                                III-51
        Table 45: Rest of Europe Recent Past, Current & Future
        Analysis for Voice and Speech Recognition Technology
        Analyzed with Annual Revenue Figures in US$ Thousand for
        Years 2015 through 2022 (includes corresponding Graph/Chart)    III-51

        Table 46: Rest of Europe Historic Review for Voice and
        Speech Recognition Technology Analyzed with Annual Revenue
        Figures in US$ Thousand for Years 2009 through 2014
        (includes corresponding Graph/Chart)                            III-52

  5. ASIA-PACIFIC                                                       III-53
      A.Market Analysis                                                 III-53
        Developing Asian Economies to Propel Future Growth              III-53
        Strong Demand for Smartphones Augurs Well for Speech
         Recognition in Asia-Pacific                                    III-53
      B.Market Analytics                                                III-54
        Table 47: Asia-Pacific Recent Past, Current & Future
        Analysis for Voice and Speech Recognition Technology by
        Geographic Region - Australia, China, India, South Korea and
        Rest of Asia-Pacific Markets Independently Analyzed with
        Annual Revenue Figures in US$ Thousand for Years 2015
        through 2022 (includes corresponding Graph/Chart)               III-54

        Table 48: Asia-Pacific Historic Review for Voice and Speech
        Recognition Technology by Geographic Region - Australia,
        China, India, South Korea and Rest of Asia-Pacific Markets
        Independently Analyzed with Annual Revenue Figures in US$
        Thousand for Years 2009 through 2014 (includes corresponding
        Graph/Chart)                                                    III-55

        Table 49: Asia-Pacific 14-Year Perspective for Voice and
        Speech Recognition Technology by Geographic Region -
        Percentage Breakdown of Revenues for Australia, China,
        India, South Korea and Rest of Asia-Pacific Markets for
        Years 2009, 2016 & 2022 (includes corresponding Graph/Chart)    III-56

  5a. AUSTRALIA                                                         III-57
      A.Market Analysis                                                 III-57
        Current and Future Analysis                                     III-57
        Strategic Corporate Development                                 III-57
      B.Market Analytics                                                III-57
        Table 50: Australian Recent Past, Current & Future Analysis
        for Voice and Speech Recognition Technology Analyzed with
        Annual Revenue Figures in US$ Thousand for Years 2015
        through 2022 (includes corresponding Graph/Chart)               III-57

        Table 51: Australian Historic Review for Voice and Speech
        Recognition Technology Analyzed with Annual Revenue Figures
        in US$ Thousand for Years 2009 through 2014 (includes
        corresponding Graph/Chart)                                      III-58

  5b. CHINA                                                             III-59
      A.Market Analysis                                                 III-59
        Current and Future Analysis                                     III-59
        Baidu Holds an Edge in China’s Speech Recognition Market        III-59
        Strategic Corporate Developments                                III-60
      B.Market Analytics                                                III-61
        Table 52: Chinese Recent Past, Current & Future Analysis for
        Voice and Speech Recognition Technology Analyzed with Annual
        Revenue Figures in US$ Thousand for Years 2015 through 2022
        (includes corresponding Graph/Chart)                            III-61

        Table 53: Chinese Historic Review for Voice and Speech
        Recognition Technology Analyzed with Annual Revenue Figures
        in US$ Thousand for Years 2009 through 2014 (includes
        corresponding Graph/Chart)                                      III-62

  5c. INDIA                                                             III-63
      A.Market Analysis                                                 III-63
        Current and Future Analysis                                     III-63
        Speech Technology to Aid Indian Farmers                         III-63
         The Promise of Speech Recognition Technology for India’s
          Agro Sector                                                   III-63
        Product Launches                                                III-64
      B.Market Analytics                                                III-65
        Table 54: Indian Recent Past, Current & Future Analysis for
        Voice and Speech Recognition Technology Analyzed with Annual
        Revenue Figures in US$ Thousand for Years 2015 through 2022
        (includes corresponding Graph/Chart)                            III-65

        Table 55: Indian Historic Review for Voice and Speech
        Recognition Technology Analyzed with Annual Revenue Figures
        in US$ Thousand for Years 2009 through 2014 (includes
        corresponding Graph/Chart)                                      III-66

  5d. SOUTH KOREA                                                       III-67
       Market Analysis                                                  III-67
        Table 56: South Korean Recent Past, Current & Future
        Analysis for Voice and Speech Recognition Technology
        Analyzed with Annual Revenue Figures in US$ Thousand for
        Years 2015 through 2022 (includes corresponding Graph/Chart)    III-67

        Table 57: South Korean Historic Review for Voice and Speech
        Recognition Technology Analyzed with Annual Revenue Figures
        in US$ Thousand for Years 2009 through 2014 (includes
        corresponding Graph/Chart)                                      III-68

  5e. REST OF ASIA-PACIFIC                                              III-69
      A.Market Analysis                                                 III-69
        Current and Future Analysis                                     III-69
        Singapore: A Key Regional Market                                III-69
      B.Market Analytics                                                III-69
        Table 58: Rest of Asia-Pacific Recent Past, Current & Future
        Analysis for Voice and Speech Recognition Technology
        Analyzed with Annual Revenue Figures in US$ Thousand for
        Years 2015 through 2022 (includes corresponding Graph/Chart)    III-69

        Table 59: Rest of Asia-Pacific Historic Review for Voice and
        Speech Recognition Technology Analyzed with Annual Revenue
        Figures in US$ Thousand for Years 2009 through 2014
        (includes corresponding Graph/Chart)                            III-70

  6. LATIN AMERICA                                                      III-71
       Market Analysis                                                  III-71
        Table 60: Latin American Recent Past, Current & Future
        Analysis for Voice and Speech Recognition Technology by
        Geographic Region - Brazil and Rest of Latin America Markets
        Independently Analyzed with Annual Revenue Figures in US$
        Thousand for Years 2015 through 2022 (includes corresponding
        Graph/Chart)                                                    III-71

        Table 61: Latin American Historic Review for Voice and
        Speech Recognition Technology by Geographic Region - Brazil
        and Rest of Latin America Markets Independently Analyzed
        with Annual Revenue Figures in US$ Thousand for Years 2009
        through 2014 (includes corresponding Graph/Chart)               III-72

        Table 62: Latin American 14-Year Perspective for Voice and
        Speech Recognition Technology by Product Segment -
        Percentage Breakdown of Revenues for Brazil and Rest of
        Latin America Markets for Years 2009, 2016 & 2022 (includes
        corresponding Graph/Chart)                                      III-73

  7. REST OF WORLD                                                      III-74
       Market Analysis                                                  III-74
        Table 63: Rest of World Recent Past, Current & Future
        Analysis for Voice and Speech Recognition Technology
        Analyzed with Annual Revenue Figures in US$ Thousand for
        Years 2015 through 2022 (includes corresponding Graph/Chart)    III-74

        Table 64: Rest of World Historic Review for Voice and Speech
        Recognition Technology Analyzed with Annual Revenue Figures
        in US$ Thousand for Years 2009 through 2014 (includes
        corresponding Graph/Chart)                                      III-75


 IV. COMPETITIVE LANDSCAPE

     Total Companies Profiled: 78

     The United States (46)
     Canada (2)
     Japan (1)
     Europe (15)
     - France (1)
     - Germany (4)
     - The United Kingdom (3)
     - Spain (1)
     - Rest of Europe (6)
     Asia-Pacific (Excluding Japan) (9)
     Middle-East (5)
Date of Publication:
Oct 21, 2016
File Format:
PDF
Number of Pages:
376 Pages