Global Voice and Speech Recognition Technology Industry

LONDON, Feb. 9, 2017 /PRNewswire/ -- This report analyzes the worldwide markets for Voice and Speech Recognition Technology in US$ Thousand. The Global market is additionally analyzed by the following Segments: Voice Recognition, and Speech Recognition. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Annual estimates and forecasts are provided for the period 2015 through 2022. Also, a six-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based on public domain information including company URLs. The report profiles 78 companies including many key and niche players such as -

24/7 Customer, Inc.
Acapela Group
Advanced Voice Recognition Systems, Inc.
AGNITIO S.L
Apple, Inc.

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I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

Study Reliability and Reporting Limitations I-1 Disclaimers.............. I-2 Data Interpretation & Reporting Level I-2 Quantitative Techniques & Analytics I-3 Product Definitions And Scope of Study I-3 Voice Recognition Technology..............I-3 Speech Recognition Technology I-3

II. EXECUTIVE SUMMARY

1. INDUSTRY OVERVIEW.............. II-1 Speech Technology: Enabling Man-to-Machine Communication II-1 Value Chain of Voice Business II-2 Speech Technology: An Indispensable Part of New-Age Machines II-2 Speech Recognition Dominates Voice & Speech Recognition Technology Market..............II-4 Voice Recognition - The Faster Growing Technology Segment II-5 Automated Speech Recognition (ASR): The Widely Used Speech Recognition Technology..............II-7 Text-to-Speech Emerges as a Realistic, Natural Conversation Tool II-8 Text-to-speech (TTS) for Education Market - Significant Potential for Growth..............II-9 TTS Aids in Improving Customer Engagement II-10 Developed Markets to Maintain their Dominance II-11 Developing Countries to Drive Global Growth in the Short-to- Medium Term Period.............. II-11 Table 1: Global Voice and Speech Recognition Technology Market: Leading Countries by Percentage CAGR for the Period 2015-2022 (includes corresponding Graph/Chart) II-12 Competitive Landscape..............II-12 China's Speech Recognition Market - A Tough Nut to Crack for Google.............. II-13 Patent Activity Gains Momentum in Speech Technology Market II-14 A Review of Competition in Key Sectors II-15 Speech Engine.............. II-15 Analytics.............. II-15 Self-Service Suite..............II-15 Speech Security.............. II-15 Professional Services..............II-15 Major Challenges Impeding Speech & Voice Recognition Market II-16 Limited Understanding of Words and Inability to Process Large Vocabulary of Information..............II-16 Low Accuracy due to Ambient Noise II-16 Lack of Awareness..............II-16

2. MARKET TRENDS, ISSUES & DRIVERS II-17 Rapid Penetration of Mobile Devices: A Major Growth Driver II-17 Opportunity Indicators..............II-18 Table 2: World Market for Mobile Handsets: Breakdown of Volume Sales in Million Units for Years 2011, 2013 & 2015E (includes corresponding Graph/Chart) II-18

Table 3: Worldwide Penetration Rate (%) of Mobile Cellular Subscriptions by Geographic Region (2016E) (includes corresponding Graph/Chart)..............II-19

Table 4: Worldwide Mobile Penetration - Mobile Connections as a Percentage of Total Population for Select Countries (2016E) (includes corresponding Graph/Chart) II-19

Table 5: Penetration Rate (%) of Voice Processors in Mobile Devices for 2012 through 2016 (includes corresponding Graph/Chart).............. II-20 Mobile SMS: An Underutilized Feature for Mobile Speech Recognition Technology..............II-20 Advancements in Processing Power Improves Speech Recognition Efficiency.............. II-21 Mobile Voice Portals Drive Adoption of Speech Recognition in Mobile Phones.............. II-21 Voice & Speech Recognition Become Part of Primary Interface for Smartphone Users..............II-22 Robust Growth of Smartphones Sets the Platform II-22 Table 6: Global Market for Smartphones: Volume Sales in Billion Units for 2014, 2016, 2018 & 2020 (includes corresponding Graph/Chart)..............II-23

Table 7: Smartphone Penetration Rate (%) for Select Countries Worldwide as a Percentage of Population Owning a Phone: 2016 (includes corresponding Graph/Chart) II-24 Growing Popularity of Tablet Phones Benefits the Market II-25 Table 8: Worldwide Shipments of Desktop PCs, Laptops and Tablets in Million Units for 2014 and 2016E (includes corresponding Graph/Chart)..............II-25 Wearable Devices: The Next Frontier for Speech Recognition Technology.............. II-25 Technology Innovations & Advancements: Spearheading Growth II-27 Intelligent Virtual Assistants - A Proactive Speech Technology-based Feature..............II-27 Multimodal Solutions: The New Focus Area II-28 Integration of Graphic User Interface (GUI) and Voice User Interface (VUI)..............II-29 Innovations in Voice-Interface Devices II-30 Technology Developers Focus on Phoneme Accuracy Feature II-30 Speech Recognition-enabled Self-Service Technology II-31 Promising Prospects for Speech Recognition Technology in Call Centers.............. II-31 Rising Significance of Speech Technology for Outsourced Customer Care Services Market..............II-32 Call Centers to Leverage Proficiency of Speech Analytics II-33 Expanding Use of IVR Systems in Call Centers Lends Traction to Market Growth..............II-34 Table 9: Global IVR Systems Market (2015): Percentage Breakdown of Installed Systems by Input Mode (includes corresponding Graph/Chart)..............II-34

Table 10: Global Interactive Voice Response (IVR) Systems by Geographic Region - Annual Revenues in US$ Million for the Years 2016 & 2022 (includes corresponding Graph/Chart) II-35 Growing Demand for Hosted IVR Services Fuels Demand for Speech Technology Solutions II-35 Rising Importance of Speech Technology in the IoT Era II-36 Cloud Computing Technology Revolutionizes Speech Technology Market.............. II-36 Healthcare Facilities Seek the Aid of Cloud for Voice Documentation.............. II-38 User Experience and Usability Take Center Stage II-38 Cloud Solutions Boost Adoption of Voice Recognition Technologies II-38 Cloud Services to Drive Mobility for Voice Authentication II-39 Globalization & Workforce Decentralization Spur Demand in the Enterprise Sector..............II-40 Table 11: Global Speech Recognition Market (2013): Percentage Share Breakdown of Revenues by End-Use Segment (includes corresponding Graph/Chart)..............II-40

Table 12: Global Workforce Population (2009 & 2014): Percentage Share Breakdown of Employees by Nature of Work (includes corresponding Graph/Chart) II-41

Table 13: Global Breakdown of Mobile Workforce (in Million) for the Years 2010 & 2015 by Geographic Region (includes corresponding Graph/Chart)..............II-41 Speech Analytics Gather Steam II-41 Rising Popularity of Biometrics Offer Ample Growth Opportunities II-42 Voice Biometrics Emerges as a Game Changer for Authenticating Mobile Devices.............. II-42 Increasing Security Threats Drive the Voice Verification Biometrics Market.............. II-43 Favorable Trends in the IT Industry Strengthens Market Prospects II-44 Spurt in Internet Usage..............II-44 Table 14: Global Internet Usage (2012-2016): Number of Internet Users (in Billion) and Internet Penetration Rate (%) (includes corresponding Graph/Chart) II-44

Table 15: Top Countries in Internet Usage Worldwide (2016E): Breakdown by Number of Internet Users (in Million) and Internet Penetration Rate (%) (includes corresponding Graph/Chart).............. II-45

Table 16: Global Internet Usage: Number of Internet Subscribers (in Million) and Penetration Rate (%) by Geographic Region for the Year 2016 (includes corresponding Graph/Chart).............. II-46 Move towards Convergence..............II-46 Proliferation of Embedded Devices II-47 Continued Expansion of Software Sector II-47 Rise in Social Networking..............II-47 VoIP Model Drives Demand..............II-47 Speech-based Searching Gains Momentum II-48 Speech Technology Solutions Improves Convenience and Safety of Automobiles.............. II-48 Telematics & Car Infotainment Offers Opportunities on a Platter II-50 Cloud-based Voice Recognition to Foster Use of Automotive Telematics.............. II-50 Growing Adoption of Speech Recognition Technology in "In- Vehicle Systems"..............II-51 Overcoming Challenges in Comprehending Voice Commands in Automobiles.............. II-52 Suppression of In-Car Noise - Essential for Effectiveness of Voice Recognition Technology II-52 Blurring Demographic Barriers Encourage Voice-Enabled Car Systems.............. II-53 Growth in Automobiles Production Bodes Well for the Market II-53 Table 17: Global Automobile Production for the Years 2015, 2017 & 2020 (in '000 Units) (includes corresponding Graph/Chart).............. II-54 Speech Recognition Charms Connected Media Solutions II-54 Audio Mining for Searching Online Audio and Video Content II-55 Speech Recognition Seeks Improvements in Processor Technology II-55 Speech Recognition Technology Transforms Banking Industry II-56 Voice Authentication Systems for Mitigating Online Banking Fraud II-56 Healthcare Industry: A Major Untapped Opportunity II-57 Voice Documentation Emerge as a Preferred Means for Data Collection.............. II-58 Hospitals Look towards Front-end Speech Recognition Deployments II-58 Radiology Department & Point-of-Care: Potential Application Areas.............. II-59 Speech Recognition in Electronic Medical Records (EMR) II-59 Speech-Enabled Self-Service Solutions for the Healthcare Sector II-60 Rising Incidence of Cognitive Impairment Issues Drive Focus onto Assistive Speech Technology II-60 Rising Prominence of Voice Controls in Smart Homes II-61 Distribution and Warehouse Management Leverages Potential of Speech Technology..............II-62 How Speech Technology Operates in the Distribution Center II-62 Advantages of Speech Technology in the Distribution Center II-63 Growing Opportunities for Speech Recognition in the SOHO Market II-64 Speech Technology Finds Favor among Law Enforcement Agencies II-64 Law Enforcement Agencies Seek to Exploit Voice Stress Analyser II-64 Voice Stress Analyser vs. Polygraphs II-65 Increasing Use of Speech Technology in Next Generation Networks (NGNs).............. II-65 Speech Technology Facilitates Quick Information Access in the Military Sector.............. II-65 Open Standards: A Key Architectural Requisite II-66

3. PRODUCT OVERVIEW.............. II-67 Speech Technology: Processing Human Speech II-67 History of Speech Technology..............II-67 Landmarks in the Advancement of Speech Recognition Technology II-68 Speech Recognition Technology..............II-69 Speech Recognition Modes..............II-69 Dictation Mode.............. II-69 Command and Control Mode..............II-70 Speech Recognition Technology: How it Helps Developers? II-70 Applications.............. II-70 Advantages.............. II-71 Cost Savings.............. II-71 Improvement in Call Completion Rates II-71 Delivery of Value-Added Content to Users II-71 Higher Customer Satisfaction II-71 Reduction in Agent Turnover Rate II-71 Other Advantages in Brief..............II-71 Types of Speech Technology..............II-72 Automatic Speech Recognition II-72 Types of Automatic Speech Recognition II-73 Discrete Word Recognition..............II-73 Continuous Word Recognition..............II-73 Word Spotting.............. II-73 Phoneme Recognition..............II-73 Natural Language - Grammar Based Recognition II-73 Types of ASR Technology Solutions II-74 Speaker-Independent Technology II-74 Speaker-Dependent Technology II-74 Isolated Speech Recognition Systems II-75 Connected Speech Recognition Systems II-75 Continuous Speech Recognition Systems II-75 Automatic Speech Recognition: Applications II-75 Principal Applications of Automatic Speech Recognition by Sector.............. II-76 Prospective Applications..............II-76 Document Editing..............II-76 Data Entry.............. II-77 Edutainment and Games..............II-77 Advantages.............. II-77 Limitations.............. II-78 Text-to-Speech or Speech Synthesis II-78 Process Description of Speech Synthesis II-79 Visual Text-to-Speech..............II-79 Text-to-Speech Vs. Digitized Voice II-79 Applications.............. II-79 Advantages.............. II-80 Voice Recognition Technology..............II-80 Speaker Verification..............II-81 Methods of Speaker Verification II-81 Text-Dependent Speaker Verification Methods II-81 Hidden Markov Modeling (HMW) II-81 Dynamic Time Warping (DTW) II-81 Text-Independent Speaker Verification Methods II-82 VQ-Based Method.............. II-82 Multivariate Auto-Regression (MAR) II-82 Average-Spectrum-Based Method II-82 Drawbacks.............. II-82 Distributed Speech Recognition System II-82 Distributed Speech Recognition Services II-83 Other Speech Technology Related Concepts II-83 Interactive Voice Response..............II-83 Phonetic Speech Recognition..............II-84 Integration of Speech Recognition in IVR Systems II-84 Attributes of Advanced Speech Solutions for IVRs II-85 Advantages of IVR for Customer Service II-85 Advantages of IVR for Management II-85 Voice Over Internet Protocol..............II-86 Natural Language Speech Recognition II-86 Design, Development, and Implementation of NLSR Applications II-86 Preliminary Collection of Data II-87 Transcription of Data..............II-87 Describing Key Reasons for Customer Calls II-87 Tagging.............. II-87 System Training..............II-87 Implementation.............. II-87 Speech Application Language Tags II-87 Wireless Application Protocol II-88 Voice Portal.............. II-88 VoiceXML.............. II-89 V-Commerce.............. II-89 Voice/Data Convergence..............II-90 Voice Browsers.............. II-90

4. PRODUCT & TECHNOLOGY INNOVATIONS/ INTRODUCTIONS II-91 Sensory Introduces TrulyHandsfree SDK II-91 Interactions Unveils Curo™ Speech Application II-91 VoiceBox Introduces New Embedded ASR Product for Automotive Applications.............. II-91 Nuance Releases Dragon® for Mac Medical Speech Recognition Software.............. II-91 TranscribeMe Unveils High Accuracy Automated Speech Recognition Technology..............II-91 Uniphore Introduces Latest Version of auMina II-91 Ozonetel Introduces Speech Recognition Technology II-92 NTT Introduces Speech-Recognition API for Cross-Browser Use II-92 Listen Technologies Launches TalkPerfect DX Speech Enhancement System.............. II-92 Sensory Introduces TrulyNatural Platform II-92 Nuance Releases Dragon® Dictate Medical for Mac® II-92 BigHand Upgrades Server-Side Speech Recognition Module II-92 Azure Media Launches Speech Recognition Service to Index Video Content.............. II-92 Nuance Communications Launches Dragon NaturallySpeaking 13 for the PC.............. II-93 LumenVox Unveils LumenVox 12.1 II-93 Fujitsu Laboratories Develops New Speech Synthesis Technology II-93 Nuance Communications Upgrades PowerScribe 360 Platform for Healthcare.............. II-93 DSP Group® and Sensory Rolls Out Voice Activation Solution II-93 Genesys Launches Actionable Analytics Solution II-93 Nuance Communications Rolls Out Dragon Drive-Powered Mercedes News App.............. II-93 IDS Unveils Voice2Dox 3.0 Speech Recognition Application for Clinical Reporting.............. II-94 Sensory and Tensilica Unveil Lowest Power Voice Activation Solution.............. II-94 Nuance Communications Launches Next Generation Voice Biometrics Platform..............II-94 NeoSpeech Unveils VoiceEZCALL™ English Learning Program Software II-94 Nuance Communications Rolls Out New Version of Dragon Medical Practice Edition for Smaller Practices II-94 Nuance Communications Launches Voice Ads II-94 Agnitio Unveils BATVOX 4.0 Forensic Speaker Verification System II-95 ReadSpeaker Unveils Web Application Service Platform for Text -to-Speech.............. II-95

5. RECENT INDUSTRY ACTIVITY..............II-96 Nuix and Voci Enter into Strategic Partnership for Speech Analytics Solution.............. II-96 Vuzix® and Sensory in Partnership II-96 CHRISTUS Health Selects Nuance's Speech Recognition and Clinical Documentation Solutions II-96 Dataworxs Australia and Nuance to Resell Dragon Medical Speech Technology in Australia..............II-96 ReadSpeaker and Blackboard Team Up for Text-to-Speech Tech II-96 VocalZoom Collaborates with Cobalt Speech & Language II-96 VoiceBox to Acquire Telisma Speech Product Unit from OnMobile II-97 Sensory and Phillips Collaborate for Speech Recognition Technologies.............. II-97 Acapela Takes Over CreaWave..............II-97 Apple Acquires VocalIQ..............II-97 Facebook Takes Over Wit.ai..............II-97 Interactions Concludes Acquisition of AT&T Watsonsm Technology Program.............. II-97 Samsung's Galaxy Products Deploy Sensory' Embedded Speech Technologies.............. II-98 Convergys Partners with Voci Technologies II-98 Sena Technologies Selects Sensory's TrulyHandsfree™ Voice Trigger and Phrase Spotting Technology II-98 Sensory Receives Patent Claims on its TrulyHandsfree™ Voice Control Approach.............. II-98 British Telecommunications Deploys LumenVox Automatic Speech Recognizer.............. II-98 NXP Semiconductors Integrates Rubidium's Multi-Lingual ASR and Voice Trigger Engine into CoolFlux™ DSP II-98 Nuance Communications Delivers Speech and Natural Language Understanding Technology to China Mobile's Jiangsu Branch II-98 Honeywell Acquires Intermec..............II-99 Apple Acquires Novauris Technologies II-99 Applications Technology Takes Over Leidos' Omnifluent Human Language Technology Software and Associated Business II-99 Amazon.com Acquires IVONA Software II-99 Nuance Communications Signs Multi-Year Collaboration Deal with ZTE.............. II-99 Wolfson Microelectronics Selects Sensory's TrulyHandsfree Voice Control and Audio Detect Front-End II-99 Nuance Communications Integrates New DIRECTV Voice Search Feature for the DIRECTV App..............II-99 Aldebaran Robotics to Integrate Nuance's Conversational Voice Capabilities in its NAO Robot II-100 Nuance Communications Delivers Dragon Drive Voice Capabilities to Kenwood Audio Visual Navigation Systems II-100 Genesys Acquires Utopy..............II-100 Avaya Includes LumenVox in its DevConnect Select Product Program II-100 Nuance Communications Inaugurates Brand New Mobile Innovation Center in Massachusetts..............II-100 Nuance Communications to Take Over Tweddle Connect from Tweddle Group.............. II-100 Toyota Selects Nuance Dragon Drive for its Smart G-BOOK Smartphone Application..............II-101 ReadSpeaker Partners with Instructure II-101 Tatra Banka Deploys Nuance Communications' FreeSpeech Voice Biometrics Solution..............II-101 Nuance Communications Teams Up with Widespace II-101 Nuance Communications to Collaborate with AutoNavi II-101

6. FOCUS ON SELECT GLOBAL PLAYERS..............II-102 24/7 Customer, Inc. (US)..............II-102 Acapela Group (France)..............II-102 Advanced Voice Recognition Systems, Inc. (US) II-102 AGNITIO S.L. (Spain)..............II-103 Apple, Inc. (US).............. II-103 Applied Voice & Speech Technologies, Inc. (US) II-103 Avaya, Inc. (US).............. II-104 BioTrust ID B.V. (The Netherlands) II-104 Cisco Systems, Inc. (US)..............II-104 Convergys Corp. (US)..............II-105 Genesta Partnership (US)..............II-105 Genesys Telecommunications Laboratories, Inc. (US) II-106 Google, Inc. (US).............. II-106 Honeywell Scanning & Mobility (US) II-106 IBM Corporation (US)..............II-107 LumenVox LLC (US).............. II-107 M*Modal, Inc. (US)..............II-108 Microsoft Corporation (US)..............II-108 Netcall Telecom (UK)..............II-109 Nuance Communications, Inc. (US) II-109 Sensory, Inc. (US)..............II-110 SpeechFX, Inc. (US).............. II-110 VoiceBox Technologies Corporation (US) II-110 VoiceVault, Inc. (US)..............II-111 Voxware, Inc. (US)..............II-111 Wizzard Speech LLC (US)..............II-111

7. GLOBAL MARKET PERSPECTIVE..............II-112 Table 18: World Recent Past, Current & Future Analysis for Voice and Speech Recognition Technology by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific, Latin America and Rest of World Markets Independently Analyzed with Annual Revenue Figures in US$ Thousand for Years 2015 through 2022 (includes corresponding Graph/Chart) II-112

Table 19: World Historic Review for Voice and Speech Recognition Technology by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific, Latin America and Rest of World Markets Independently Analyzed with Annual Revenue Figures in US$ Thousand for Years 2009 through 2014 (includes corresponding Graph/Chart)..............II-113

Table 20: World 14-Year Perspective for Voice and Speech Recognition Technology by Geographic Region - Percentage Breakdown of Revenues for US, Canada, Japan, Europe, Asia-Pacific, Latin America and Rest of World Markets for Years 2009, 2016 & 2022 (includes corresponding Graph/Chart) II-114

Table 21: World Recent Past, Current & Future Analysis for Voice and Speech Recognition Technology by Segment - Voice Recognition and Speech Recognition Markets Independently Analyzed with Annual Revenue Figures in US$ Thousand for Years 2015 through 2022 (includes corresponding Graph/Chart) II-115

Table 22: World Historic Review for Voice and Speech Recognition Technology by Segment - Voice Recognition and Speech Recognition Markets Independently Analyzed with Annual Revenue Figures in US$ Thousand for Years 2009 through 2014 (includes corresponding Graph/Chart) II-116

Table 23: World 14-Year Perspective for for Voice and Speech Recognition Technology by Geographic Region - Percentage Breakdown of Revenues for Voice Recognition and Speech Recognition Markets for Years 2009, 2016 & 2022 (includes corresponding Graph/Chart)..............II-117

III. MARKET

1. THE UNITED STATES.............. III-1 A.Market Analysis.............. III-1 Speech & Voice Recognition Software Market: An Overview III-1 Speech Technology Market Remains Firm III-1 Voice Recognition Market for Smartphones III-2 Speech Recognition Technology: A Prominent Role in Healthcare Sector..............III-2 Growing Adoption of Speech Recognition Systems among American Doctors..............III-3 Amid Growing Threats Financial Sector Embraces Voice Biometrics III-3 Stricter Government Regulations Propel Demand for Interactive Analytics Systems III-4 Rising Demand for Speech Analytics Technology in Insurance Industry.............. III-4 Automotive Industry Looks to Voice Recognition Technology for Improving Driver Safety III-5 Speech Recognition Technology Making Way into Air Traffic Control.............. III-5 Product Launches..............III-6 Strategic Corporate Developments III-9 Key Players.............. III-13 B.Market Analytics..............III-22 Table 24: US Recent Past, Current & Future Analysis for Voice and Speech Recognition Technology Analyzed with Annual Revenue Figures in US$ Thousand for Years 2015 through 2022 (includes corresponding Graph/Chart) III-22

Table 25: US Historic Review for Voice and Speech Recognition Technology Analyzed with Annual Revenue Figures in US$ Thousand for Years 2009 through 2014 (includes corresponding Graph/Chart)..............III-23

2. CANADA.............. III-24 A.Market Analysis.............. III-24 Current and Future Analysis..............III-24 Market Overview.............. III-24 VoiceTIMES: The Speech Technology Initiative III-24 B.Market Analytics..............III-25 Table 26: Canadian Recent Past, Current & Future Analysis for Voice and Speech Recognition Technology Analyzed with Annual Revenue Figures in US$ Thousand for Years 2015 through 2022 (includes corresponding Graph/Chart) III-25

Table 27: Canadian Historic Review for Voice and Speech Recognition Technology Analyzed with Annual Revenue Figures in US$ Thousand for Years 2009 through 2014 (includes corresponding Graph/Chart)..............III-26

3. JAPAN.............. III-27 A.Market Analysis.............. III-27 Current and Future Analysis..............III-27 Product Launches..............III-27 Strategic Corporate Development III-27 B.Market Analytics..............III-28 Table 28: Japanese Recent Past, Current & Future Analysis for Voice and Speech Recognition Technology Analyzed with Annual Revenue Figures in US$ Thousand for Years 2015 through 2022 (includes corresponding Graph/Chart) III-28

Table 29: Japanese Historic Review for Voice and Speech Recognition Technology Analyzed with Annual Revenue Figures in US$ Thousand for Years 2009 through 2014 (includes corresponding Graph/Chart)..............III-29

4. EUROPE.............. III-30 Market Analysis.............. III-30 Table 30: European Recent Past, Current & Future Analysis for Voice and Speech Recognition Technology by Geographic Region - France, Germany, Italy, UK, Spain, Russia, and Rest of Europe Markets Independently Analyzed with Annual Revenue Figures in US$ Thousand for Years 2015 through 2022 (includes corresponding Graph/Chart) III-31

Table 31: European Historic Review for Voice and Speech Recognition Technology by Geographic Region - France, Germany, Italy, UK, Spain, Russia, and Rest of Europe Markets Independently Analyzed with Annual Revenue Figures in US$ Thousand for Years 2009 through 2014 (includes corresponding Graph/Chart)..............III-32

Table 32: European 14-Year Perspective for Voice and Speech Recognition Technology by Geographic Region - Percentage Breakdown of Revenues for France, Germany, Italy, UK, Spain, Russia, and Rest of Europe Markets for Years 2009, 2016 & 2022 (includes corresponding Graph/Chart) III-33

4a. FRANCE.............. III-34 A.Market Analysis.............. III-34 Current and Future Analysis..............III-34 Strategic Corporate Developments III-34 Acapela Group - A Key Player III-34 B.Market Analytics..............III-35 Table 33: French Recent Past, Current & Future Analysis for Voice and Speech Recognition Technology Analyzed with Annual Revenue Figures in US$ Thousand for Years 2015 through 2022 (includes corresponding Graph/Chart) III-35

Table 34: French Historic Review for Voice and Speech Recognition Technology Analyzed with Annual Revenue Figures in US$ Thousand for Years 2009 through 2014 (includes corresponding Graph/Chart)..............III-36

4b. GERMANY.............. III-37 Market Analysis.............. III-37 Table 35: German Recent Past, Current & Future Analysis for Voice and Speech Recognition Technology Analyzed with Annual Revenue Figures in US$ Thousand for Years 2015 through 2022 (includes corresponding Graph/Chart) III-37

Table 36: German Historic Review for Voice and Speech Recognition Technology Analyzed with Annual Revenue Figures in US$ Thousand for Years 2009 through 2014 (includes corresponding Graph/Chart)..............III-38

4c. ITALY.............. III-39 Market Analysis.............. III-39 Table 37: Italian Recent Past, Current & Future Analysis for Voice and Speech Recognition Technology Analyzed with Annual Revenue Figures in US$ Thousand for Years 2015 through 2022 (includes corresponding Graph/Chart) III-39

Table 38: Italian Historic Review for Voice and Speech Recognition Technology Analyzed with Annual Revenue Figures in US$ Thousand for Years 2009 through 2014 (includes corresponding Graph/Chart)..............III-40

4d. THE UNITED KINGDOM..............III-41 A.Market Analysis.............. III-41 Current and Future Analysis..............III-41 Strategic Corporate Developments III-41 Netcall Telecom - A Key Player III-41 B.Market Analytics..............III-42 Table 39: UK Recent Past, Current & Future Analysis for Voice and Speech Recognition Technology Analyzed with Annual Revenue Figures in US$ Thousand for Years 2015 through 2022 (includes corresponding Graph/Chart) III-42

Table 40: UK Historic Review for Voice and Speech Recognition Technology Analyzed with Annual Revenue Figures in US$ Thousand for Years 2009 through 2014 (includes corresponding Graph/Chart)..............III-43

4e. SPAIN.............. III-44 A.Market Analysis.............. III-44 Current and Future Analysis..............III-44 Product Launch.............. III-44 AGNITIO S.L. - A Key Player..............III-44 B.Market Analytics..............III-45 Table 41: Spanish Recent Past, Current & Future Analysis for Voice and Speech Recognition Technology Analyzed with Annual Revenue Figures in US$ Thousand for Years 2015 through 2022 (includes corresponding Graph/Chart) III-45

Table 42: Spanish Historic Review for Voice and Speech Recognition Technology Analyzed with Annual Revenue Figures in US$ Thousand for Years 2009 through 2014 (includes corresponding Graph/Chart)..............III-46

4f. RUSSIA.............. III-47 Market Analysis.............. III-47 Table 43: Russian Recent Past, Current & Future Analysis for Voice and Speech Recognition Technology Analyzed with Annual Revenue Figures in US$ Thousand for Years 2015 through 2022 (includes corresponding Graph/Chart) III-47

Table 44: Russian Historic Review for Voice and Speech Recognition Technology Analyzed with Annual Revenue Figures in US$ Thousand for Years 2009 through 2014 (includes corresponding Graph/Chart)..............III-48

4g. REST OF EUROPE.............. III-49 A.Market Analysis.............. III-49 Current and Future Analysis..............III-49 Strategic Corporate Developments III-49 BioTrust ID B.V. (The Netherlands) - A Key Player III-50 B.Market Analytics..............III-51 Table 45: Rest of Europe Recent Past, Current & Future Analysis for Voice and Speech Recognition Technology Analyzed with Annual Revenue Figures in US$ Thousand for Years 2015 through 2022 (includes corresponding Graph/Chart) III-51

Table 46: Rest of Europe Historic Review for Voice and Speech Recognition Technology Analyzed with Annual Revenue Figures in US$ Thousand for Years 2009 through 2014 (includes corresponding Graph/Chart) III-52

5. ASIA-PACIFIC.............. III-53 A.Market Analysis.............. III-53 Developing Asian Economies to Propel Future Growth III-53 Strong Demand for Smartphones Augurs Well for Speech Recognition in Asia-Pacific III-53 B.Market Analytics..............III-54 Table 47: Asia-Pacific Recent Past, Current & Future Analysis for Voice and Speech Recognition Technology by Geographic Region - Australia, China, India, South Korea and Rest of Asia-Pacific Markets Independently Analyzed with Annual Revenue Figures in US$ Thousand for Years 2015 through 2022 (includes corresponding Graph/Chart) III-54

Table 48: Asia-Pacific Historic Review for Voice and Speech Recognition Technology by Geographic Region - Australia, China, India, South Korea and Rest of Asia-Pacific Markets Independently Analyzed with Annual Revenue Figures in US$ Thousand for Years 2009 through 2014 (includes corresponding Graph/Chart).............. III-55

Table 49: Asia-Pacific 14-Year Perspective for Voice and Speech Recognition Technology by Geographic Region - Percentage Breakdown of Revenues for Australia, China, India, South Korea and Rest of Asia-Pacific Markets for Years 2009, 2016 & 2022 (includes corresponding Graph/Chart) III-56

5a. AUSTRALIA.............. III-57 A.Market Analysis.............. III-57 Current and Future Analysis..............III-57 Strategic Corporate Development III-57 B.Market Analytics..............III-57 Table 50: Australian Recent Past, Current & Future Analysis for Voice and Speech Recognition Technology Analyzed with Annual Revenue Figures in US$ Thousand for Years 2015 through 2022 (includes corresponding Graph/Chart) III-57

Table 51: Australian Historic Review for Voice and Speech Recognition Technology Analyzed with Annual Revenue Figures in US$ Thousand for Years 2009 through 2014 (includes corresponding Graph/Chart)..............III-58

5b. CHINA.............. III-59 A.Market Analysis.............. III-59 Current and Future Analysis..............III-59 Baidu Holds an Edge in China's Speech Recognition Market III-59 Strategic Corporate Developments III-60 B.Market Analytics..............III-61 Table 52: Chinese Recent Past, Current & Future Analysis for Voice and Speech Recognition Technology Analyzed with Annual Revenue Figures in US$ Thousand for Years 2015 through 2022 (includes corresponding Graph/Chart) III-61

Table 53: Chinese Historic Review for Voice and Speech Recognition Technology Analyzed with Annual Revenue Figures in US$ Thousand for Years 2009 through 2014 (includes corresponding Graph/Chart)..............III-62

5c. INDIA.............. III-63 A.Market Analysis.............. III-63 Current and Future Analysis..............III-63 Speech Technology to Aid Indian Farmers III-63 The Promise of Speech Recognition Technology for India's Agro Sector.............. III-63 Product Launches..............III-64 B.Market Analytics..............III-65 Table 54: Indian Recent Past, Current & Future Analysis for Voice and Speech Recognition Technology Analyzed with Annual Revenue Figures in US$ Thousand for Years 2015 through 2022 (includes corresponding Graph/Chart) III-65

Table 55: Indian Historic Review for Voice and Speech Recognition Technology Analyzed with Annual Revenue Figures in US$ Thousand for Years 2009 through 2014 (includes corresponding Graph/Chart)..............III-66

5d. SOUTH KOREA.............. III-67 Market Analysis.............. III-67 Table 56: South Korean Recent Past, Current & Future Analysis for Voice and Speech Recognition Technology Analyzed with Annual Revenue Figures in US$ Thousand for Years 2015 through 2022 (includes corresponding Graph/Chart) III-67

Table 57: South Korean Historic Review for Voice and Speech Recognition Technology Analyzed with Annual Revenue Figures in US$ Thousand for Years 2009 through 2014 (includes corresponding Graph/Chart)..............III-68

5e. REST OF ASIA-PACIFIC..............III-69 A.Market Analysis.............. III-69 Current and Future Analysis..............III-69 Singapore: A Key Regional Market III-69 B.Market Analytics..............III-69 Table 58: Rest of Asia-Pacific Recent Past, Current & Future Analysis for Voice and Speech Recognition Technology Analyzed with Annual Revenue Figures in US$ Thousand for Years 2015 through 2022 (includes corresponding Graph/Chart) III-69

Table 59: Rest of Asia-Pacific Historic Review for Voice and Speech Recognition Technology Analyzed with Annual Revenue Figures in US$ Thousand for Years 2009 through 2014 (includes corresponding Graph/Chart) III-70

6. LATIN AMERICA.............. III-71 Market Analysis.............. III-71 Table 60: Latin American Recent Past, Current & Future Analysis for Voice and Speech Recognition Technology by Geographic Region - Brazil and Rest of Latin America Markets Independently Analyzed with Annual Revenue Figures in US$ Thousand for Years 2015 through 2022 (includes corresponding Graph/Chart).............. III-71

Table 61: Latin American Historic Review for Voice and Speech Recognition Technology by Geographic Region - Brazil and Rest of Latin America Markets Independently Analyzed with Annual Revenue Figures in US$ Thousand for Years 2009 through 2014 (includes corresponding Graph/Chart) III-72

Table 62: Latin American 14-Year Perspective for Voice and Speech Recognition Technology by Product Segment - Percentage Breakdown of Revenues for Brazil and Rest of Latin America Markets for Years 2009, 2016 & 2022 (includes corresponding Graph/Chart)..............III-73

7. REST OF WORLD.............. III-74 Market Analysis.............. III-74 Table 63: Rest of World Recent Past, Current & Future Analysis for Voice and Speech Recognition Technology Analyzed with Annual Revenue Figures in US$ Thousand for Years 2015 through 2022 (includes corresponding Graph/Chart) III-74

Table 64: Rest of World Historic Review for Voice and Speech Recognition Technology Analyzed with Annual Revenue Figures in US$ Thousand for Years 2009 through 2014 (includes corresponding Graph/Chart)..............III-75

IV. COMPETITIVE LANDSCAPE

Total Companies Profiled: 78

The United States (46) Canada (2) Japan (1) Europe (15) - France (1) - Germany (4) - The United Kingdom (3) - Spain (1) - Rest of Europe (6) Asia-Pacific (Excluding Japan) (9) Middle-East (5)
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