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Voice Recognition Market 2015-2019:Global Industry Analysis, Trends, Market Demands, Segment And Forecast

Press Release   •   Nov 28, 2016 05:57 EST

About Voice Recognition

Voice recognition is a software that has the ability to convert and decode human voice into speech easily understood by a computer. It is an ability of a machine to receive, understand, and dictate the spoken commands. Voice recognition is used for biometric security purposes to determine the voice of a particular person to grant or deny access. This technology has become very popular in mobile banking, which requires identification of authenticated users by their spoken commands to help them make transactions.

TechNavio's analysts forecast the Global Voice Recognition market to grow at a CAGR of 9.40 percent over the period 2014-2019.

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Covered in this Report

The report covers the present scenario and the growth prospects of the Global Voice Recognition market for the period 2015-2019. To calculate the market size, the report considers the revenue generated from:

Hardware: The revenue generated from the sales of hardware systems

Software: The revenue generated from the sales of software applications

The report also includes the detailed analysis of the following software applications:


Voice biometrics: This includes the revenue from speaker identification and speaker verification systems


It also presents the vendor ranking and a corresponding detailed analysis of the top four vendors in the Global Voice Recognition market. In addition, the report discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends emerging in the market.

Key Regions




Key Vendors


Nuance Communications


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Other Prominent Vendors

Advanced Voice Recognition Systems



Auraya Systems


Raytheon BBN Technologies


Voice Biometrics Group

Voice Trust


Market Driver

Increased Use of Biometrics

For a full, detailed list, view our report

Market Challenge

Lack of Accuracy

For a full, detailed list, view our report

Market Trend

Increased Demand in Healthcare Industry

For a full, detailed list, view our report

Key Questions Answered in this Report

What will the market size be in 2019 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

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Table of Contents

01. Executive Summary

02. List of Abbreviations

03. Scope of the Report

03.1 Market Overview

03.2 Product Offerings

04. Market Research Methodology

04.1 Market Research Process

04.2 Research Methodology

05. Introduction

06. Market Description

06.1 Introduction to Voice Recognition

06.2 Criteria for Voice Recognition Software

06.3 Advantages and Disadvantages of Voice Recognition Software

06.4 Types of Voice Recognition

07. Market Landscape

07.1 Market Overview

07.2 Market Size and Forecast

07.3 Five Forces Analysis

08. Market Segmentation by Product

08.1 Global Voice Recognition Market by Product Segmentation 2014

08.2 Global Voice Recognition Market by Product Segmentation 2014-2019

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