Table of Contents PLAYERS EVOLUTION OF VOICE TECHNOLOGY Where are we in the evolution of voice technology? TRENDS INDUSTRY ANALYSIS Voice platforms are approaching take off point… …so investors need to factor voice-driven AI into their thinking China’s role in voice platforms could be big Voice algorithms are still only 90% accurate The evolving business context around voice VALUE CHAIN Hardware Software Application programming interfaces Voice-driven platforms and devices A VOICE TECHNOLOGY TIMELINE Voice by the numbers TECHNOLOGY BRIEFING Hidden Markov Models dominate speech recognition… …while Connectionist models created the concept of artificial neural networks Now the focus is on deep learning What the future holds for voice COMPANIES SECTION Public companies Privately held companies APPENDIX: OUR “THEMATIC” RESEARCH METHODOLOGY

Alibaba Alphabet Amazon AMD Apple ARM Baidu Facebook HP Enterprise IBM iFlytek Intel LG Electronics Medtronic Microsoft NEC Nuance Communications Nvidia NXP Oracle Qualcomm Samsung Electronics SAP Softbank Sony Splunk STMicroelectronics Tencent Xilinx