Global Mobile Speech Recognition Software Market to Be Worth $443 Million by 2025

Global Industry Analysts predicts that the mobile speech recognition software market worldwide to grow by $234.7 million in the next five years, up from its current value of $208.9 million, to $443.6 million, representing a compounded annual growth rate of 11.4 percent.

Of that amount, the United States is expected to maintain a 10.1 percent growth momentum.

In Europe, Germany will add $9.4 million, while the rest of the continent will add $7.7 mllion worth of projected demand.

Across Asia, Japan's mobile speech recognition software market will reach $24.9 million by 2025, while China is expected to grow at 14.6 percent and add approximately $56.1 million.

Market leaders identified in the report include Advanced Voice Recognition Systems, Amazon, Apple, AT&T, Baidu, Cisco Systems, Google, IBM, LumenVox, Microsoft, Nuance Communications, and Sensory.