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Global and Chinese Intelligent Voice Market Will Maintain Rapid Growth, Reaching RMB25.14 Billion in 2020 - Research and MarketsResearch and Markets has announced the addition of the "Global and China Speech Recognition Industry Report, 2015-2020" report to their offering. 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. Thanks to national policy support and demand growth from downstream sectors, China's intelligent voice industry 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 irms 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 (News - Alert) (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. 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. Key Topics Covered: 1 Speech Recognition Technology 2 Global Intelligent Voice Industry 3 Intelligent Voice Industry in China 4 Market Segments 5 Major Foreign Speech Recognition Players 6 Major Chinese Voice Recognition Companies 7 Summary and Forecast Companies Mentioned:
For more information visit http://www.researchandmarkets.com/research/zl4brg/global_and_china View source version on businesswire.com: http://www.businesswire.com/news/home/20160504006226/en/ |
