Voice-directed work solutions refer to software and services that provide the voice direction and speech recognition features. Companies offering voice-directed work solutions are engaged in introducing various advanced solutions for developing the voice recognition technology in order to help the commercial and industrial sectors. Voice-directed work has been deployed by small and large companies for more than 20 years and is expected to grow substantially during the forecast period. Nowadays, organizations are looking to process higher number of solutions with the same resources. Companies aim at discarding depleted stock locations and finding solutions to operational bottlenecks while reducing labor costs (mainly overtime). Therefore, the common goal of technology is to synchronize the flow of products and maximize efficiency throughout data centers. The deployment of voice-directed work solutions is expected to overcome major concerns of companies.

A rise in the adoption of voice and speech enabled applications in smartphones, rise in the use of speech and voice recognition technology in mobile banking services, integration of speech and voice recognition techniques in consumer electronics, and development in the Internet of Things are some of the factors that are expected to play a crucial role in driving the global speech and voice recognition market. Moreover, rapid technological development and stringent government rules and regulations are anticipated to boost the global voice directed work solutions market during the forecast period. Voice-directed work solutions offers reliability, cost efficiency, and flexibility. Moreover, voice-directed work solutions provide easy usability, high accuracy, and better voice quality. This is projected to drive the market in the next few years. Furthermore, a substantial increase in demand for tablets, VoIP, and smartphones and demand for convergence facilities for audio, instant messaging, voice mail, video conferencing, and e-mail are anticipated to propel the growth of the voice-directed work solutions market in the near future. Implementation of various rules and regulations by regulatory bodies across the world and an increase in the number of Internet users are expected to augment demand for voice-directed work solutions in the next few years. However, impaired speech, lack of accuracy and improper encoding leading to error in data processing, and lack of efficient training to recognize different voices are expected to restrain the growth of the global voice-directed work solutions market. Nevertheless, the adoption of voice and speech recognition techniques in other consumer electronics devices apart from smartphones, such as refrigerators, thermostats, mixer and grinders, and others, are expected to offer attractive growth opportunities to the global voice-directed work solutions market.

The global voice-directed work solutions market can be segmented based on technology, component, enterprise size, end-use industry, and geography. Based on technology, the market can be divided into voice recognition technology and speech recognition technology. In terms of component, the global voice-directed work solutions market can be classified into software and services. The software segment can be categorized into on premise and cloud. The services segment can be divided into managed and professional services. The professional services sub-segment can be classified into system integration, training & support, and consulting. Based on enterprise size, the market can be categorized into small and medium enterprises (SMEs) and large enterprises. In terms of industry, the voice-directed work solutions market can be segmented into electrical & electronics, food & beverage, pharmaceutical, e-commerce, retail tracking, logistics & transport, and others.

In terms of region, the global voice-directed work solutions market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Key players operating in the voice-directed work solutions market are Voxware, Inc.; Zebra Technologies Corporation; Zetes Industries SA; Dematic Corporation; Voiteq Ltd.; Honeywell International Inc. (Vocollect); Lucas Systems, Inc.; Ivanti Software Inc.; Business Computer Projects Ltd.; TopVox Corporation; Honeywell Intelligrated; and Symphony RetailAI. Leading players in the market are focusing on the introduction of advanced services and solutions in order to strengthen their position and expand their customer base. Companies are investing extensively in R&D operations and are focusing on providing customized services to their customers.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Voice Directed Work Solutions Market

Pre Book