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This statistic highlights Cerence Inc’s Revenue by Region, split between Germany, Japan, Other Americas, Other Asia Pacific, Other EMEA and the US regions.
Cerence generates revenue primarily through selling software licenses and cloud-connected services.
Cerence Inc. earned total revenue of $332.97 million in 2020. It further increased to $387.18 million. Also, revenue made in 2021 is relatively higher than in other preceding years; it made a YoY growth of 16.28%.
The company’s revenue advances with the passing quarters. In Q4 2020, it made revenue of $93.82 million, which further increased to $96.75 million in Q4 2021, with QoQ growth of 3.14%. In Q3 2021, Cerence Inc. reported total revenue of $96.80 million after a slight decrease in Q4 2021 by 0.05%.
Cerence Inc. earns revenue by providing services to the following regions:
|Revenue by Region||Q4 2020||Q3 2021||Q4 2021||Contribution in Q4 2021|
|Other Asia Pacific||$7.81||$11.01||$9.33||9.64%|
(All figures in millions, except percentages)
Germany consistently proves to be the highest earner of all regions after the US.
In 2020, the company earned $100.67 million in the German region, which, further increased to $114.93 million with a YoY growth of 14.16%. In Q4 2020, it earned revenue of $39.27 million; it decreased in Q4 2021 by 37.58%. In Q3 2021, revenue earned by the Germany region was $24.51 million, which increased to $33.70 million; it contributed 34.80% to the overall revenue of the company in Q4 2021. Comparatively higher than the US region.
Japan region earned revenue of $50.93 million in 2020, which increased in the next year 2021, to 62.84 million with a Yoy growth of 23.38%. In Q4 2020, it earned revenue of $12.80 million, contributing 13.60% to the total revenue of the company. It further increased to $17.35 million in Q4 2021 with QoQ growth of 35.54%. Further, in Q3 2021, it made revenue of $19.03 million, decreased by 8.82% in Q4 2021.
The US (United States) consistently proves to be the highest revenue contributor among all regions.
In 2020, it earned revenue of $128.67 million and it increased to $135.03 million by 4.94% in 2021. In Q4 2020, it made revenue of $29.16 million, which further increased by 15.08% in Q4 2021. Further, it earned revenue of $33.56 in Q4 2021 and contributed 34.68% to the total revenue of Cerence Inc.
Other Americas contribute approx. 0.08 every year.
In 2020, Other Americas earned revenue of $0.0016 million, which increased to $0.01 million in 2021 by 52.5%. In Q3 2021, it made revenue of $0.037 million; it further increased to $0.070 million by 89.18%, contributing 0.07% to the total earnings of the company.
Other Asia Pacific
Other Asia Pacific earned revenue of $27.27 million in 2020, which increased in the further year 2021 to $44.23 million with YoY growth of 62.19%. In Q4 2020, it made revenue of $7.81 million; it increased to $9.32 million in Q4 2021, with QoQ growth of 19.33%. Other Asia Pacific regions earned revenue of $11.01 in Q3 2021, which decreased by 15.34% in Q4 2021.
Other EMEA’s (Europe, the Middle East, and Africa) revenue was recorded at $25.39 million in 2020, which increased to $29.96 million by 17.99% in 2021. In Q4 2021, it made revenue of $5.30 million; it decreased by 48.58% in Q4 2021. In Q3 2021, other EMEA earned revenue of $10.57 million, which decreased to $2.75 million and contributed 2.81% to the total revenue of the company.
About the Company
Cerence Inc. is a public company, based in Burlington, MA, US. It was founded in 2019. The company has its official website. It is one of the leading providers of automotive assistants, voice recognition, touch technologies, flexible, and in-car experiences, creating intelligence. Cerence deals globally.
The company currently has its A.I. in more than 300 million cars on the road globally, in more than 70 languages, including SAIC, Toyota, BMW, Ford, Audi, Daimler, Geely, and many more. Cerence faces stiff competition from Senseye, Cerebras Systems, doc.ai, and Unsupervised. Cerence Inc.’s target is to “empower the digital ecosystem of connected and independent vehicles”.
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