Global Mobile Speech Recognition Software Industry

Global Mobile Speech Recognition Software Industry

  • July 2020 •
  • 122 pages •
  • Report ID: 4951663 •
  • Format: PDF
Global Mobile Speech Recognition Software Market to Reach $461.9 Million by 2027

Amid the COVID-19 crisis, the global market for Mobile Speech Recognition Software estimated at US$233.9 Million in the year 2020, is projected to reach a revised size of US$461.9 Million by 2027, growing at a CAGR of 10.2% over the period 2020-2027.

The U.S. Market is Estimated at $63.2 Million, While China is Forecast to Grow at 13.5% CAGR

The Mobile Speech Recognition Software market in the U.S. is estimated at US$63.2 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$98.3 Million by the year 2027 trailing a CAGR of 13.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7% and 8.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8% CAGR.We bring years of research experience to this 18th edition of our report. The 122-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,
  • Advanced Voice Recognition Systems Inc.
  • Amazon Inc.
  • Apple Inc.
  • AT&T, Inc.
  • Baidu Inc.
  • Cisco Systems Inc.
  • Google Inc.
  • IBM Corp.
  • LumenVox LLC
  • Microsoft Corp.
  • Nuance Communications Inc.
  • Sensory Inc.