PUBLISHER: UnivDatos Market Insights Pvt Ltd | PRODUCT CODE: 1324886
PUBLISHER: UnivDatos Market Insights Pvt Ltd | PRODUCT CODE: 1324886
A voice recorder app is a software application designed to record audio using the microphone of a device such as a smartphone, tablet, or computer. It allows users to capture spoken words, conversations, lectures, interviews, or any other sound using the device's built-in or external microphone.
The Voice Recorder App Market is expected to grow at a strong CAGR of 18.9% during the forecast period owing to the growing demand for voice notes and memos for personal and professional use. Moreover, with the widespread adoption of smartphones, more people have access to high-quality microphones and advanced recording capabilities. Smartphones are a convenient and portable solution for voice recording, leading to the increased demand for voice recorder apps. For instance, according to GSMA, Global System for Mobile Communications Association, Mobile internet usage has skyrocketed in recent years, rising from 29% in 2013 to 43% in 2017, and it is expected to reach 61% of the global population by 2025.
Based on type, the market is segmented into smart voice recorder, easy voice recorder, and high-quality voice recorders. Among these, the smart voice recorder segment holds the highest share of the market as it offers convenience by providing an easy-to-use, portable solution for capturing voice recordings. Users can have a voice recording tool readily available on their smartphones or other smart devices, allowing them to quickly and effortlessly capture audio anytime and anywhere.
Based on devices, the market is segmented into smartphones, tablets, and computers. The increasing demand for smartphones worldwide has propelled the demand for this segment over the forecast period. Smartphones have experienced significant global adoption, becoming ubiquitous devices that are owned by a large portion of the population. As a result, they have a wide user base, providing a substantial market for voice recorder apps. For instance, in March 2023, International Data Corporation (IDC) revised its worldwide smartphone forecast. According to the latest Worldwide Quarterly Mobile Phone Tracker forecast, the growth of 5G technology will represent 62% of all smartphones sold worldwide in 2023, rising to 83% in 2027.
Based on the mode, the market is bifurcated into free and paid. Among these, the free segment is leading the market as free voice recorder app are easily accessible to a wide range of users. They can be downloaded and installed at no cost from app stores, making them readily available to anyone with a compatible device. This accessibility encourages more users to try out and adopt these apps.
For a better understanding of the market adoption of the Industrial Relay industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, UK, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Korea, and Rest of Asia-Pacific), Rest of World. North America has a high rate of smartphone penetration, with a large portion of the population owning smartphones. Smartphones are a primary device for voice recording, and their widespread usage creates a significant market for voice recorder apps. Moreover, North America is known for being at the forefront of technological advancements. This includes advancements in smartphone technology, such as improved microphones, processing power, and storage capacity. These advancements contribute to the popularity and effectiveness of voice recorder apps in the region.
Some of the major players operating in the market include: Contus Tech.; Twilio Inc.; Apphitect.; Sendbird, Inc.; Plivo Inc.; Apple Inc.; Sinch; VCLOUDX PTE. LTD.; Vonage America, LLC; Injoit Ltd.