Global Speech and Voice Recognition Market is expected to reach USD 6,770.21 Million with CAGR of 25.7% in the forecast period 2018 to 2025
Pune, India -- (SBWIRE) -- 04/16/2018 -- Global Speech and Voice Recognition Market By Technology (Artificial Intelligence Based Software, Traditional Software), Product Type (Speech Recognition Software, Voice Recognition Software), Deployment (Cloud Based, On Premise), Industry (Entertainment & Mobile Apps, Banking, Healthcare, Automobiles, Analytics, Security, Education & Academics), Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa)- Industry Trends and Forecast to 2025
Speech and voice recognition is the technology designed to receive and interpret dictation, or to understand and carry out spoken commands. This technology is as unique as fingerprint and in increasingly adopted into wide range of applications such as automotive, enterprise, consumer, banking, financial services, & insurance, government, retail, healthcare, military, legal, and education.
The Global Speech and Voice Recognition Market accounted for USD 6.1 billion in 2016 growing at a CAGR of 20.1% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Major Market Drivers of Global Speech and Voice Recognition Market
- Increasing adoption of mobile banking by e-commerce retailers & banks
- Increased Demand for Speech-Based Biometric Systems for Multifactor Authentication
- Growing Impact of Artificial Intelligence (AI) on the Accuracy of Speech and Voice Recognition
- Growth in Voice Control-Based Smart Assistive Devices in Consumer and Enterprise Vertical
This Report Consists of –
- No of pages: 350, No of Figures: 50, No of Tables: 220
Frequently Asked Questions?
- What will the market size be in 2025?
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- Which strategies are used by top players in the Global Speech and Voice Recognition Market?
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Global Speech and Voice Recognition Market is segmented on the basis of delivery method into
- Artificial intelligence (AI) based, and
- Non-artificial intelligence based.
The global speech and voice recognition market is also segmented on the basis of technology into
- Voice recognition, and
- Speech recognition.
The voice recognition segment is further sub-segmented into
- speaker identification, and
- speaker verification
The speech recognition segment is further sub-segmented into
- automatic speech recognition, and
- text to speech
On the basis of end user the global speech and voice recognition market is further segmented into
- financial services, & insurance,
On the basis of geography, global speech and voice recognition market report covers data points for 28 countries across multiple geographies such as
- North America,
- South America,
- Asia-Pacific, and
- Middle East & Africa.
Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
Company Share Analysis:
The report for speech and voice recognition market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.
Major Market Competitors
Some of the major players of the global speech and voice recognition market
- Nuance Communications, Inc.,
- Microsoft Corporation,
- Alphabet Inc.,
- Cantab Research Limited,
- Sensory, Inc.,
- ReadSpeaker Holding B.V.,
- Pareteum Corporation,
- Iflytek Co., Ltd. (China),
- VoiceVault Inc.,
- VoiceBox Technologies Corp.,
- LumenVox, LLC,
- Acapela Group SA,
- Vocalzoom Ltd,
- Biotrust ID B.V.,
- Uniphore Software Solutions Pvt. Ltd.,
TABLE OF CONTENTS (Global Speech and Voice Recognition Market)
2 MARKET SEGMENTATION
3 MARKET OVERVIEW
4 EXECUTIVE SUMMARY
5 PREMIUM INSIGHTS
6 GLOBAL SPEECH AND VOICE RECOGNITION MARKET, BY TECHNOLOGY
7 GLOBAL SPEECH AND VOICE RECOGNITION MARKET, BY PRODUCT TYPE
8 GLOBAL SPEECH AND VOICE RECOGNITION MARKET, BY DEPLOYMENT
9 GLOBAL SPEECH AND VOICE RECOGNITION MARKET, BY INDUSTRY
10 GLOBAL SPEECH AND VOICE RECOGNITION MARKET, BY GEOGRAPHY
10.1 COUNTRYWISE GLOBAL SPEECH AND VOICE RECOGNITION MARKET,
(ALL SEGMENTATION PROVIDED ABOVE IS REPRESENTED IN THIS CHAPTER BY COUNTRY)
11 GLOBAL SPEECH AND VOICE RECOGNITION MARKET:
12 GLOBAL SPEECH AND VOICE RECOGNITION MARKET,
12.1 NUANCE COMMUNICATIONS, INC.
12.2 MICROSOFT CORPORATION
12.3 ALPHABET INC.
12.4 SENSORY, INC.
12.5 CANTAB RESEARCH LIMITED
12.6 READSPEAKER HOLDING B.V.
12.7 PARETEUM CORPORATION
12.8 IFLYTEK CO., LTD.
12.9 VOICEVAULT INC.
12.10 VOICEBOX TECHNOLOGIES CORP.
12.11 LUMENVOX, LLC
12.12 ACAPELA GROUP SA
12.13 VOCALZOOM LTD
12.14 BIOTRUST ID B.V.
12.15 UNIPHORE SOFTWARE SOLUTIONS PVT. LTD.
12.16 MMODAL INC.
12.17 RAYTHEON BBN TECHNOLOGIES
12.18 ADVANCED VOICE RECOGNITION SYSTEMS
Also Global Speech and Voice Recognition Market, By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa), By Delivery Method (Artificial Intelligence (AI) Based, Non-Artificial Intelligence Based), By Technology (Voice Recognition (Speaker Identification, Speaker Verification), Speech Recognition (Automatic Speech Recognition, Text to Speech)), By End-user (Automotive, Enterprise, Consumer, Banking, Financial Services, & Insurance, Government, Retail, Healthcare, Military, Legal, Education) – Industry Trends and Forecast to 2024
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