Market Overview:
The global voice to text on mobile devices market is expected to grow at a CAGR of xx% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for voice recognition technology in various applications such as automotive, enterprise, consumer, healthcare and others. Additionally, the growing adoption of artificial intelligence (AI) based voice recognition technology is also contributing significantly towards the growth of this market.
Product Definition:
Voice to text is the process of converting spoken words into written text. This can be done on a mobile device, computer, or other electronic gadget. The importance of voice to text on mobile devices is that it makes it easier for people to communicate by allowing them to speak into their phone and have the words appear as text. This can be helpful for taking notes, sending messages, or just communicating with others.
Artificial Intelligence:
Artificial intelligence is the simulation of human intelligence by machines. It has been a remarkable year for artificial intelligence and it's expected to show no signs of slowing down in 2019 either. Artificial Intelligence (AI) has penetrated every aspect of our lives, from smartphones to social media interactions. AI-enabled voice assistants such as Google Home and Alexa have become household names, while chatbots have gained significant ground in businesses across different industry verticals.
Non-Artificial Intelligence:
Non-Artificial Intelligence (NAI) is a technology that helps in converting speech into text. It works by identifying the patterns of speech and then converts it to some form of computer code. The pattern recognition process is done with the help of various techniques like statistical analysis, neural networks, and rule-based systems among others.
Application Insights:
The consumer application segment dominated the global market in 2017. The growing use of voice assistants on smartphones is driving the demand for text to speech engines across various applications, such as messaging, navigation, and music players. Text-to-speech conversion enables users to comprehend information conveyed through speech input by using a text version of it. This factor is anticipated to fuel industry growth over the forecast period.
The enterprise application segment accounted for more than 30% share of global revenue in 2017 due largely to increased adoption by large organizations that require large number of mobile devices for business purposes and need efficient communication solutions with them. These organizations are focusing on deploying cost-effective yet efficient communication tools that can help employees collaborate effectively across departments and locations while improving customer service quality at a lower operational cost as well as time frame involved in implementing these solutions compared with other conventional methods or technologies used currently within enterprises for this purpose (such as Microsoft¢â‚¬â„¢s Lync).
Regional Analysis:
North America dominated the global voice to text on mobile devices market in 2017. This can be attributed to early adoption of these services and high disposable income of consumers in the region. The U.S., being one of the most developed countries, has a well-established telecommunication sector, which makes it an ideal market for introducing innovative technologies such as voice to text conversion services over mobile phones. Moreover, North America is home to some of the major players such as Google LLC; Apple Inc.; Microsoft Corporation; and Amazon Web Services, Inc. These companies are continuously working towards improving their products and providing better customer support facilities through online as well as offline channels.
Growth Factors:
- Increasing demand for voice to text conversion services owing to the growing number of smartphone users.
- Proliferation of low-cost speech recognition software and services that has made the technology more affordable and accessible to a wider audience.
- Growing demand for hands-free texting and driving as well as for accessibility features for people with disabilities.
- Increasing use of voice commands in mobile apps and other digital platforms, such as virtual assistants, home automation systems, etc., which is driving demand for voice to text conversion services.
Scope Of The Report
Report Attributes
Report Details
Report Title
Voice to Text on Mobile Devices Market Research Report
By Type
Artificial Intelligence, Non-Artificial Intelligence
By Application
Automotive, Enterprise, Consumer, Healthcare, Others
By Companies
Nuance Communications, Microsoft, Agnitio SL, Biotrust, VoiceVault, VoiceBox Technologies Corp., LumenVox LLC, M2Sys LLC, Raytheon BBN Technologies, M2SyS LLC, ValidSoft UK Limited, Advanced Voice Recognition Systems, Sensory, MMODAL
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
221
Number of Tables & Figures
155
Customization Available
Yes, the report can be customized as per your need.
Global Voice to Text on Mobile Devices Market Report Segments:
The global Voice to Text on Mobile Devices market is segmented on the basis of:
Types
Artificial Intelligence, Non-Artificial Intelligence
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Enterprise, Consumer, Healthcare, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Nuance Communications
- Microsoft
- Agnitio SL
- Biotrust
- VoiceVault
- VoiceBox Technologies Corp.
- LumenVox LLC
- M2Sys LLC
- Raytheon BBN Technologies
- M2SyS LLC
- ValidSoft UK Limited
- Advanced Voice Recognition Systems
- Sensory
- MMODAL
Highlights of The Voice to Text on Mobile Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Artificial Intelligence
- Non-Artificial Intelligence
- By Application:
- Automotive
- Enterprise
- Consumer
- Healthcare
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Voice to Text on Mobile Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Voice to Text on Mobile Devices is a feature that allows you to type text by voice.
Some of the major players in the voice to text on mobile devices market are Nuance Communications, Microsoft, Agnitio SL, Biotrust, VoiceVault, VoiceBox Technologies Corp., LumenVox LLC, M2Sys LLC, Raytheon BBN Technologies, M2SyS LLC, ValidSoft UK Limited, Advanced Voice Recognition Systems, Sensory, MMODAL.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Voice to Text on Mobile Devices Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Voice to Text on Mobile Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Voice to Text on Mobile Devices Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Voice to Text on Mobile Devices Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Voice to Text on Mobile Devices Market Size & Forecast, 2018-2028
4.5.1 Voice to Text on Mobile Devices Market Size and Y-o-Y Growth
4.5.2 Voice to Text on Mobile Devices Market Absolute $ Opportunity
Chapter 5 Global Voice to Text on Mobile Devices Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Voice to Text on Mobile Devices Market Size Forecast by Type
5.2.1 Artificial Intelligence
5.2.2 Non-Artificial Intelligence
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Voice to Text on Mobile Devices Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Voice to Text on Mobile Devices Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Enterprise
6.2.3 Consumer
6.2.4 Healthcare
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Voice to Text on Mobile Devices Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Voice to Text on Mobile Devices Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Voice to Text on Mobile Devices Analysis and Forecast
9.1 Introduction
9.2 North America Voice to Text on Mobile Devices Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Voice to Text on Mobile Devices Market Size Forecast by Type
9.6.1 Artificial Intelligence
9.6.2 Non-Artificial Intelligence
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Voice to Text on Mobile Devices Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Enterprise
9.10.3 Consumer
9.10.4 Healthcare
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Voice to Text on Mobile Devices Analysis and Forecast
10.1 Introduction
10.2 Europe Voice to Text on Mobile Devices Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Voice to Text on Mobile Devices Market Size Forecast by Type
10.6.1 Artificial Intelligence
10.6.2 Non-Artificial Intelligence
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Voice to Text on Mobile Devices Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Enterprise
10.10.3 Consumer
10.10.4 Healthcare
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Voice to Text on Mobile Devices Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Voice to Text on Mobile Devices Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Voice to Text on Mobile Devices Market Size Forecast by Type
11.6.1 Artificial Intelligence
11.6.2 Non-Artificial Intelligence
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Voice to Text on Mobile Devices Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Enterprise
11.10.3 Consumer
11.10.4 Healthcare
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Voice to Text on Mobile Devices Analysis and Forecast
12.1 Introduction
12.2 Latin America Voice to Text on Mobile Devices Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Voice to Text on Mobile Devices Market Size Forecast by Type
12.6.1 Artificial Intelligence
12.6.2 Non-Artificial Intelligence
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Voice to Text on Mobile Devices Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Enterprise
12.10.3 Consumer
12.10.4 Healthcare
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Voice to Text on Mobile Devices Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Voice to Text on Mobile Devices Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Voice to Text on Mobile Devices Market Size Forecast by Type
13.6.1 Artificial Intelligence
13.6.2 Non-Artificial Intelligence
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Voice to Text on Mobile Devices Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Enterprise
13.10.3 Consumer
13.10.4 Healthcare
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Voice to Text on Mobile Devices Market: Competitive Dashboard
14.2 Global Voice to Text on Mobile Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nuance Communications
14.3.2 Microsoft
14.3.3 Agnitio SL
14.3.4 Biotrust
14.3.5 VoiceVault
14.3.6 VoiceBox Technologies Corp.
14.3.7 LumenVox LLC
14.3.8 M2Sys LLC
14.3.9 Raytheon BBN Technologies
14.3.10 M2SyS LLC
14.3.11 ValidSoft UK Limited
14.3.12 Advanced Voice Recognition Systems
14.3.13 Sensory
14.3.14 MMODAL
