Global Voice Controlled Devices Market Trends, Share, Size, Growth, Segment Analysis and Forecasts 2016-2020
Voice-controlled devices use voice recognition software to convert and decode the human voice into signals that are easily understood by the devices. Voice recognition is the ability of a machine to receive, understand, and dictate spoken commands. It is used for various purposes such as opening locked devices, sending emails and text messages, and initiating phone calls. Voice-controlled devices analyze the voice of a particular person and subsequently grant or deny access to functions. Voice recognition technology has become very popular in areas such as mobile banking, which requires users to identify themselves via spoken commands before making transactions.
Voice recognition acts as an authentication technology, where words or phrases spoken aloud are converted into electrical signals that are transformed into coding patterns and assigned meaning. Each human voice is different, and identical words can have different meanings if spoken with different inflections or in different contexts. Voice recognition software is installed in computing devices to provide a quick method of writing and assist people with disabilities. It also helps individuals who have difficulty spelling words.
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Technavio's analysts forecast the global voice-controlled devices market to grow at a CAGR of 7.84% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global voice-controlled devices market for the period 2016-2020. To calculate the market size, the report considers the total shipments of devices from the following application segments:
Automobile infotainment systems