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Voice recognition converts sounds or phrases to electrical signals with assigned functionalities. The global market for voice recognition in smartphones is envisaged to post a healthy market growth rate of more than 10% as it is directly related to the sale of smartphones during the forecast period.
Technavio’s market research analyst has estimated eminent factors, such as the growing smartphone market, to drive market growth during the forecast period. Technological advancements pertaining to smartphones have made it a necessary part of our daily lives. The reduced average selling price (ASPs) of these devices ensures that people from all income levels adopt smartphones for entertainment, gaming, and office applications.
PART 01: Executive summary
Highlights
PART 02: Scope of the report
Definitions
Top-vendor offerings
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Market landscape
Functioning of technology
Voice recognition: A revolution on the rise
Market size and forecast
Five forces analysis
PART 06: Geographical segmentation
By revenue generation
By smartphone penetration
PART 07: Market drivers and their impact
Cloud-based voice recognition
Safety regulations
Growing demand for voice authentication in mobile banking
Growing smartphone market
Decline in smartphone ASP
PART 08: Market challenges and their impact
Need for constant connectivity
Conscious users
Inaccurate voice recognition system
Low usage of voice recognition
PART 09: Market trends and their impact
Voice recognition software turning into personal assistants
Data security and privacy issues
Integration of voice verification with speech recognition
PART 10: Vendor landscape
Competitive scenario
PART 11: Key vendor analysis
Apple
Google
Microsoft
Nuance Communications
PART 12: Appendix
List of abbreviation
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