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Global Voice Controlled Devices Market to Grow at a CAGR of 7.84% During Forecast Period 2016-2020

ResearchMoz added Latest Research Report titled " Global Voice Controlled Devices Market 2016-2020: Worldwide Market Size, Shares, Trends, Growth, Survey and Forecast report " to it's Large Report database.


Albany, NY -- (SBWIRE) -- 02/09/2017 -- 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.

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

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Technavio's report, 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.

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

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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?

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