The report analyzes and presents an overview on "Global Voice Controlled Devices Market 2016-2020" worldwide.

Albany, NY -- (SBWire) -- 02/16/2016 --To View Global Voice Controlled Devices Market 2016-2020 Report: http://www.marketresearchreports.biz/analysis/565585

Voice-controlled devices use voice recognition software to convert and decode the human voice into signals that are easily understood by the devices. Voice recognition is the ability of a machine to receive, understand, and dictate spoken commands. It is used for various purposes such as opening locked devices, sending emails and text messages, and initiating phone calls. Voice-controlled devices analyze the voice of a particular person and subsequently grant or deny access to functions. Voice recognition technology has become very popular in areas such as mobile banking, which requires users to identify themselves via spoken commands before making transactions.
Voice recognition acts as an authentication technology, where words or phrases spoken aloud are converted into electrical signals that are transformed into coding patterns and assigned meaning. Each human voice is different, and identical words can have different meanings if spoken with different inflections or in different contexts. Voice recognition software is installed in computing devices to provide a quick method of writing and assist people with disabilities. It also helps individuals who have difficulty spelling words.

Market analysts forecast the global voice-controlled devices market to grow at a CAGR of 7.84% during the period 2016-2020.

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Covered in this report

The report covers the present scenario and the growth prospects of the global voice-controlled devices market for the period 2016-2020. To calculate the market size, the report considers the total shipments of devices from the following application segments:
Smartphones
Automobile infotainment systems
Smartwatches
Smartbands
Remotes

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Global Voice-Controlled Devices Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Voice Recognition Technologies Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 - 2019: http://www.marketresearchreports.biz/analysis/171908

Voice recognition is the process by which a machine or program receives and interprets dictation as well as understands and carries out spoken commands. Voice recognition technologies helps customers comply with privacy, security, and safety requirements governed by law and by user expectations. Automatic voice recognition and text-to-speech software work together to voice-enable many applications. Software sales are expected to increase at a substantial rate during this period.

One of the major factors driving this market is that companies across all sectors, seeking a competitive edge that will differentiate them in an increasingly crowded business environment, want products that will help them retain as well as to grow their customers. Various industries such as airlines, banks, and brokerages depend on voice recognition functionality, not only to enhance their customer contacts, but also to comply with security requirements dictated by the law and the security conscious expectations of customers. One of the major factors restraining this market is that all voice recognition systems commit errors because of false inputs produced by barking dogs, screaming children, and loud external conversations.

Voice Verification Market - Global Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2012 - 2018: http://www.marketresearchreports.biz/analysis/166468

Voice verification technology enables identification of an individual on the basis of voice biometrics. Its works in the same manner as blood DNA and fingerprint matching enables identification of individual. Its main application is in verification of financial transactions to guard against frauds. By assigning proper combination of voice biometrics, consumers can use their own unique voice to authorize transactions, signing and protecting personal data thus reducing risk of fraud and identity theft by making highly secure environment.

The market is in it nascent stage of development due to lack of awareness among end-user industries and regulatory bodies. However, the market is expected to grow with healthy growth rate due to increased adoption in financial institutions & corporate Enterprises, using voice biometric products in combination with speech recognition.

Key vendors

Apple
Fitbit
Google
Microsoft
Nuance Communications
Pebble
Samsung
Sony
VoiceBox Technologies
Xiaomi

Market driver

Cloud-based voice recognition
For a full, detailed list, view our report

Market challenge

Need for constant connectivity
For a full, detailed list, view our report

Market trend

Voice recognition software turning into personal digital assistants
For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2020 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?