"The Report Global Voice
Controlled Devices Market 2016-2020 provides information on pricing,
market analysis, shares, forecast, and company profiles for key
industry participants. - MarketResearchReports.biz"
MarketResearchReports.biz has
announced the addition of a new report, titled “Global
Voice Controlled Devices Market
2016-2020.” According to this report, the global voice controlled
devices market will expand at a CAGR of 7.84% during the forecast
period from 2016 to 2020.
Voice-controlled devices deploy
voice recognition software to convert human voice into signals that
are understood by the devices. Voice recognition is the machine’s
ability to receive, comprehend, and dictate spoken commands. This
technology is used for several purposes such as sending emails,
sending text messages, opening locked devices, and initiating phone
calls. These devices analyze the voice of a user and can subsequently
deny or grant access to functions. Voice recognition technology is
gaining popularity in areas such as mobile banking, which require
users to identify themselves using spoken commands prior to making
transactions.
The global voice-controlled
devices market is driven by the growing adoption of cloud-based voice
recognition. The rising focus on safety regulations around the world
will also fuel the global voice-controlled devices market. Moreover,
the elevated demand for voice authentication in mobile banking will
boost the global voice-controlled devices market. In addition to
this, the expanding smartphone market and the growing need to improve
customer value proposition will also have a positive impact on the
global voice-controlled devices market. The research study on the
global voice-controlled devices market offers a detailed impact
analysis of these key trends on the market.
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Nevertheless, the global
voice-controlled devices market will be challenged by the need for
constant connectivity, lack of awareness, low use, inaccuracies in
voice recognition, and limited availability of features in a majority
of automobiles. Other key trends that will impact the global
voice-controlled devices market include the emergence of self-driving
cars, elevated use of apps in connected cars, and the growing demand
for multi-factor authentication. Besides these trends, the report
also covers the key opportunities in the global voice-controlled
devices market.
On the basis of application, the
global voice-controlled devices market is segmented into smartbands,
remotes, smartwatches, automobile infotainment systems, and
smartphones. The smartphones segment is leading the global
voice-controlled devices market. This application segment benefits
from the growing penetration of smartphones with voice recognition
technology.
According to geography, the global
voice-controlled devices market is segmented into the Americas, APAC,
and EMEA. Presently, the Americas hold a massive share in the global
voice-controlled devices market. This regional market is driven by
the rising need for authentication in the automotive sector and the
financial sector.
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http://www.marketresearchreports.biz/pressrelease/781
The key vendors operating in the
global voice-controlled devices market are Sony, Samsung, Fitbit,
Apple, Google, Pebble, Xiaomi, VoiceBox Technologies, and Nuance
Communications. According to the report, the level of competition in
the global voice-controlled devices market will become more intense
in the coming few years. This will be impacted by the growing number
of solution providers and the rising market for smart devices.
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