Mobile: Voice recognition to triple by 2014 to $99.6 million

[tmcnet] Speech recognition software is expected to increase considerably in the next 5 years as today’s world becomes even more fast-paced.

As part of their latest report, independent data analyst Datamonitor has forecasted that the global market for advanced speech recognition (ASR) technology in mobile devices is set to triple to $99.6 million by 2014 from the current $32.7 million and that ASR in-vehicle telematics will also grow to $208.2 million from the current $64.3 million.

Mobile speech applications allow users to voice-control the operation of a device. Speech applications are also widely made use of in voice-based search for voice-dialing and voice input, where a user can vocally upload data.
Also, the increasing trend towards restrictions placed on operating mobile devices while driving is expected to contribute to a growth in the speech recognition software market.

Globally, several nations, including 15 states in the U.S., have come forward to enact legislation that restricts the use of handsets while operating vehicles. Most of these legislations permit the use of hands free devices as an alternative and telecom carriers have been promoting command and control and SMS based services to combat theses restrictions.

In-Vehicle Telematics also make use of ASR and text-to-speech technologies, commonly to input addresses, manage music playlists, read out addresses and more.
With an increasing number of devices using network based ASRs, recognition rates have also improved. In addition to this, the popularity of application stores have allowed feasible options to emerge for smaller operators who can now reach out to the market and provide innovative solutions.

Mobile Speech Applications Market Set To Triple By 2014