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Global Speech Technology Market - Premium Insight, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2025

Global Speech Technology Market - Premium Insight, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2025

Published date: 11-07-2019  Region: Global  Pages: 142  Format: Pdf  Publisher Name: 360iResearch LLP SKU: RO9/112/1133

The Global Speech Technology Market is expected to grow from USD 8591.78 Millions in 2018 to USD 28901.67 Millions by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 18.92%.

"Rapid penetration of multifunctional and smart voice enabled IoT devices is one of the factors largely attributing to the growth of the Global Speech Technology Market "

The factors attributing to the growth of the market are Growing healthcare, mobile banking, and smart home automation applications, Potential impact of AI on accuracy of speech and voice recognition, Increased demand for speech-based biometric systems for multifactor authentication, and Rapid penetration of multifunctional and smart voice enabled IoT devices. However, some factors such as Potential parameters such as noise and uncertain environment affecting accuracy of speech recognition system and Associated high cost for implementation of speech technology system may hinder the market growth. The Global Speech Technology Market is expected to showcase the opportunities such as Growing demand in autonomous cars, service robotics and education sector for disabled students, Growing number of voice control-based smart assistive devices in enterprise verticals for the consumers, and Potential development of speech technology system for micro-linguistics and local languages. In the near future market may face the possible challenges in the growth due to Standardized platform for developing customized speech recognition systems and Geographies with low internet penetration rate. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the Global Speech Technology Market.

On the basis of Function, the Global Speech Technology Market is studied across Interactive Voice Response (IVR), Real-time Speech to Text Conversion, Speech Analytics, Speech Recognition, Speech Synthesis, and Speech Verification.

On the basis of Delivery Method, the Global Speech Technology Market is studied across Artificial Intelligence Based and Non-Artificial Intelligence Based.

On the basis of Deployment, the Global Speech Technology Market is studied across On-Cloud and On-Premise.

On the basis of Application, the Global Speech Technology Market is studied across Aerospace & Defence Security, Government & Public Sector, Healthcare & Life Sciences, IT & telecommunicataion, Personal Assistance, Retail, and Automotive.

"Cantab Research the potential growing player for the Global Speech Technology Market"

The key players profiled in the Global Speech Technology Market are Cantab Research, Voicevault, Vocalzoom, Apple, Lumenvox, Quantiphi, Inc., Acapela Group, Alphabet, M2sys, Amazon Web Services, Biotrust Id, Nuance Communication, Iflytek, Anki, Mmodal, Baidu, Uniphore Software, Facebook, Raytheon BBN Technologies, Siemens, Validsoft, Speak2Web, Microsoft, AIBrain, and Sensory.

In the report, we have covered two proprietary models, the 360iResearch FPNV Positioning Matrix and 360iResearch Competitive Strategic Window. The 360iResearch FPNV Positioning Matrix analyses the competitive market place for the players in terms of product satisfaction and business strategy they adopt to sustain in the market. The 360iResearch Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies. The 360iResearch Competitive Strategic Window helps the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. During a forecast period, it defines the optimal or favorable fit for the vendors to adopt successive merger and acquisitions strategies, geography expansion, research & development, new product introduction strategies to execute further business expansion and growth.

Research Methodology:
Our market forecasting is based on a market model derived from market connectivity, dynamics, and identified influential factors around which assumptions about the market are made. These assumptions are enlightened by fact-bases, put by primary and secondary research instruments, regressive analysis and an extensive connect with industry people. Market forecasting derived from in-depth understanding attained from future market spending patterns provides quantified insight to support your decision-making process. The interview is recorded, and the information gathered in put on the drawing board with the information collected through secondary research.

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on sulfuric acid offered by the key players in the Global Speech Technology Market
2. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments in the Global Speech Technology Market
3. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets for the Global Speech Technology Market
4. Market Diversification: Provides detailed information about new products launches, untapped geographies, recent developments, and investments in the Global Speech Technology Market
5. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the Global Speech Technology Market

The report answers questions such as:
1. What is the market size of Speech Technology market in the Global?
2. What are the factors that affect the growth in the Global Speech Technology Market over the forecast period?
3. What is the competitive position in the Global Speech Technology Market?
4. Which are the best product areas to be invested in over the forecast period in the Global Speech Technology Market?
5. What are the opportunities in the Global Speech Technology Market?
6. What are the modes of entering the Global Speech Technology Market?

1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders
2. Research & Forecasting
2.1. Research Methodology
2.1.1. Research Process
2.1.2. Research Framework
2.1.3. Research Reliability & Validity
2.1.4. Research Assumptions
2.2. Forecasting Methodology
2.3. Research Outcome
2.3.1. 360iResearch Competitive Strategic Window
2.3.1.1. Leverage Zone
2.3.1.2. Vantage Zone
2.3.1.3. Speculative Zone
2.3.1.4. Bottleneck Zone
2.3.2. 360iResearch FPNV Positioning Matrix
2.3.2.1. 360iResearch Quadrants
2.3.2.1.1. Forefront
2.3.2.1.2. Pathfinders
2.3.2.1.3. Niche
2.3.2.1.4. Vital
2.3.2.2. Business Strategy
2.3.2.2.1. Business Growth
2.3.2.2.2. Industry Coverage
2.3.2.2.3. Financial Viability
2.3.2.2.4. Channel Support
2.3.2.3. Product Satisfaction
2.3.2.3.1. Value for Money
2.3.2.3.2. Ease of Use
2.3.2.3.3. Product Features
2.3.2.3.4. Customer Support
3. Executive Summary
3.1. Outlook in the Speech Technology Market
3.1.1. Increasing use for Personal digital assistants and Knowledge management
3.1.2. Integration with is workplace applications
3.1.3. AI-driven speech technology has become conversational and use-cases for advanced ChatBots
3.1.4. Google's Project Euphonia helps make speech tech more accessible to people with disabilities
3.1.5. DISNEY to develop voice recognition software for young children
3.2. Opportunities in the Speech Technology Market
3.3. Geographical Analysis in the Speech Technology Market
4. Premium Insight
4.1. Market Connectivity
4.2. Market Dynamics
4.2.1. Drivers
4.2.1.1. Rapid penetration of multifunctional and smart voice enabled IoT devices
4.2.1.2. Growing healthcare, mobile banking, and smart home automation applications
4.2.1.3. Increased demand for speech-based biometric systems for multifactor authentication
4.2.1.4. Potential impact of AI on accuracy of speech and voice recognition
4.2.2. Restraints
4.2.2.1. Associated high cost for implementation of speech technology system
4.2.2.2. Potential parameters such as noise and uncertain environment affecting accuracy of speech recognition system
4.2.3. Opportunities
4.2.3.1. Growing number of voice control-based smart assistive devices in enterprise verticals for the consumers
4.2.3.2. Potential development of speech technology system for micro-linguistics and local languages
4.2.3.3. Growing demand in autonomous cars, service robotics and education sector for disabled students
4.2.4. Challenges
4.2.4.1. Standardized platform for developing customized speech recognition systems
4.2.4.2. Geographies with low internet penetration rate
4.3. Porter's Five Forces Analysis
4.3.1. Threat of New Entrants
4.3.2. Threat of Substitutes
4.3.3. Bargaining Power of Customers
4.3.4. Bargaining Power of Suppliers
4.3.5. Industry Rivalry
4.4. Industry Trends
5. Global Speech Technology Market: Function Estimates & Trend Analysis
5.1. Overview
5.2. Market Sizing & Forecasting
6. Global Speech Technology Market: Delivery Method Estimates & Trend Analysis
6.1. Overview
6.2. Market Sizing & Forecasting
7. Global Speech Technology Market: Deployment Estimates & Trend Analysis
7.1. Overview
7.2. Market Sizing & Forecasting
8. Global Speech Technology Market: Application Estimates & Trend Analysis
8.1. Overview
8.2. Market Sizing & Forecasting
9. Global Speech Technology Market: Americas Estimates & Trend Analysis
9.1. Overview
9.2. Market Sizing & Forecasting
10. Global Speech Technology Market: Europe, Middle East & Africa Estimates & Trend Analysis
10.1. Overview
10.2. Market Sizing & Forecasting
11. Global Speech Technology Market: Asia-Pacific Estimates & Trend Analysis
11.1. Overview
11.2. Market Sizing & Forecasting
12. Competitive Landscape
12.1. 360iResearch FPNV Positioning Matrix for Global Speech Technology Market
12.2. Market Vendor Ranking Analysis for Global Speech Technology Market
12.3. Competitive News Feed Analysis for Global Speech Technology Market
12.3.1. Mergers & Acquisitions
12.3.2. New Product Launches
12.3.3. Business Expansions
12.3.4. Partnerships, Agreements & Collaborations
13. Company Usability Profiles
13.1. Alphabet
13.1.1. Business Overview
13.1.2. FPNV Scorecard
13.1.3. Business SWOT
13.1.4. Business Strategy
13.2. Amazon Web Services
13.2.1. Business Overview
13.2.2. FPNV Scorecard
13.2.3. Business SWOT
13.2.4. Business Strategy
13.3. Apple
13.3.1. Business Overview
13.3.2. FPNV Scorecard
13.3.3. Business SWOT
13.3.4. Business Strategy
13.4. Microsoft
13.4.1. Business Overview
13.4.2. FPNV Scorecard
13.4.3. Business SWOT
13.4.4. Business Strategy
13.5. Quantiphi, Inc.
13.5.1. Business Overview
13.5.2. FPNV Scorecard
13.5.3. Business SWOT
13.5.4. Business Strategy
13.6. Acapela Group
13.6.1. Business Overview
13.6.2. FPNV Scorecard
13.6.3. Business SWOT
13.6.4. Business Strategy
13.7. AIBrain
13.7.1. Business Overview
13.7.2. FPNV Scorecard
13.7.3. Business SWOT
13.7.4. Business Strategy
13.8. Anki
13.8.1. Business Overview
13.8.2. FPNV Scorecard
13.8.3. Business SWOT
13.8.4. Business Strategy
13.9. Baidu
13.9.1. Business Overview
13.9.2. FPNV Scorecard
13.9.3. Business SWOT
13.9.4. Business Strategy
13.10. Biotrust Id
13.10.1. Business Overview
13.10.2. FPNV Scorecard
13.10.3. Business SWOT
13.10.4. Business Strategy
13.11. Cantab Research
13.11.1. Business Overview
13.11.2. FPNV Scorecard
13.11.3. Business SWOT
13.11.4. Business Strategy
13.12. Facebook
13.12.1. Business Overview
13.12.2. FPNV Scorecard
13.12.3. Business SWOT
13.12.4. Business Strategy
13.13. Iflytek
13.13.1. Business Overview
13.13.2. FPNV Scorecard
13.13.3. Business SWOT
13.13.4. Business Strategy
13.14. Lumenvox
13.14.1. Business Overview
13.14.2. FPNV Scorecard
13.14.3. Business SWOT
13.14.4. Business Strategy
13.15. M2sys
13.15.1. Business Overview
13.15.2. FPNV Scorecard
13.15.3. Business SWOT
13.15.4. Business Strategy
13.16. Mmodal
13.16.1. Business Overview
13.16.2. FPNV Scorecard
13.16.3. Business SWOT
13.16.4. Business Strategy
13.17. Nuance Communication
13.17.1. Business Overview
13.17.2. FPNV Scorecard
13.17.3. Business SWOT
13.17.4. Business Strategy
13.18. Raytheon BBN Technologies
13.18.1. Business Overview
13.18.2. FPNV Scorecard
13.18.3. Business SWOT
13.18.4. Business Strategy
13.19. Sensory
13.19.1. Business Overview
13.19.2. FPNV Scorecard
13.19.3. Business SWOT
13.19.4. Business Strategy
13.20. Siemens
13.20.1. Business Overview
13.20.2. FPNV Scorecard
13.20.3. Business SWOT
13.20.4. Business Strategy
13.21. Speak2Web
13.21.1. Business Overview
13.21.2. FPNV Scorecard
13.21.3. Business SWOT
13.21.4. Business Strategy
13.22. Uniphore Software
13.22.1. Business Overview
13.22.2. FPNV Scorecard
13.22.3. Business SWOT
13.22.4. Business Strategy
13.23. Validsoft
13.23.1. Business Overview
13.23.2. FPNV Scorecard
13.23.3. Business SWOT
13.23.4. Business Strategy
13.24. Vocalzoom
13.24.1. Business Overview
13.24.2. FPNV Scorecard
13.24.3. Business SWOT
13.24.4. Business Strategy
13.25. Voicevault
13.25.1. Business Overview
13.25.2. FPNV Scorecard
13.25.3. Business SWOT
13.25.4. Business Strategy
14. Appendix
14.1. Discussion Guide
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14.3. Author Details

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