PUNE, India, April 18, 2016 /PRNewswire/ --

Global and China Speech Recognition Industry Report, 2015-2020 market research highlights 7 foreign and 10 Chinese speech recognition technology-related companies (voice recognition business and application in automotive field).

Propelled by big data, mobile Internet, cloud computing, and other technologies, global intelligent voice industry has entered the stage of rapid application. Global intelligent voice market size was USD4.75 billion in 2014 and is predicted to grow 30.7% from a year ago to hit USD6.21 billion in 2015.

With intense involvement of Internet giants including Google, Microsoft, and Apple around 2010, global intelligent voice industry has gradually evolved from oligopoly to monopolistic competition. In 2015, speech recognition leader Nuance still took the first place with a market share of 31.1% but suffered a significant decline; Google, Microsoft, Apple, and IFLYTEK witnessed rapid share growth, standing at 20.7%, 13.4%, 12.9%, and 6.7%, respectively. Complete report of 102 pages is available at http://www.reportsnreports.com/reports/527625-global-and-china-speech-recognition-industry-report-2015-2020.html .

Thanks to national policy support and demand growth from downstream sectors, China's intelligent voice industry also flourishes with an ever-expanding market size. In 2015, the Chinese intelligent voice market scale was estimated at RMB4.68 billion, a year-on-year surge of 53.1%, making up around 12% of the global market.

Traditional Chinese speech recognition companies mostly take a place in intelligent voice market by relying on domestic scientific research institutions, while new firms largely accelerate their presence in intelligent voice industry via financing. The majority of the Chinese intelligent voice market is held by iFLYTEK, Baidu, and Apple (a combined 79% share in 2015). To gain an advantage in market competition, Chinese speech recognition players have flooded into market segments such as intelligent in-vehicle, smart home, and wearable devices.

Major Foreign Speech Recognition Players are Nuance, Apple, Google, Microsoft, IBM, MindMeld and Speaktoit.  Major Chinese Voice Recognition Companies are iFlyTek, Baidu, AI Speech, Unisound, ThinkIT, SinoVoice, Pattek, Mobvoi (Chumenwenwen), d-Ear and Vcyber.

Order a copy of Global and China Speech Recognition Industry Report, 2015-2020 at http://www.reportsnreports.com/purchase.aspx?name=527625 .

In intelligent in-vehicle field, speech recognition giants Nuance, Apple, Google, Microsoft, iFLYTEK, and Baidu have launched Dragon Drive in-vehicle speech development platform, CarPlay, AndroidAuto, Windows in the Car, Auto Speech System, and CarLife, respectively, and cooperated with carmakers to grab emerging intelligent in-vehicle market.

As the application of speech recognition technology in intelligent in-vehicle, smart home, and wearable devices goes deeper, global and Chinese intelligent voice market will maintain the momentum of rapid growth, reaching estimated USD19.17 billion and RMB25.14 billion in 2020, respectively.

Explore more IT & Telecommunication market reports at http://www.reportsnreports.com/market-research/information-technology/ .

Another research titled Global Voice Recognition Industry 2015 Market Research Report is a professional and in-depth study on the current state of the Voice Recognition industry. The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Voice Recognition market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status.

Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand Figures, cost, price, revenue and gross margins.

The report focuses on global major leading industry players providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out. The Voice Recognition industry development trends and marketing channels are analyzed. Finally the feasibility of new investment projects are assessed and overall research conclusions offered.

With 68 tables and figures the report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market. Key Manufacturers are Apple, Google, Microsoft and Nuance Communications. Place a direct purchase order of this report at http://www.reportsnreports.com/purchase.aspx?name=443637 .

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