Pune, India -- (SBWIRE) -- 05/30/2018 -- The Voice Technology has been in use in wide range of applications, due to rapid growth in the adoption of mobile & cloud technology and unprecedented technological advancements in computing powers. The healthcare sector would significantly contribute to the growth of voice technology, due to the adoption of the technology to produce health related data records. The voice technology would be a replacement technology to traditional methods prevalent today. The growth in the AI based systems would add to the market attractiveness over the years. Deep learning algorithm which is used to improve search results would be a major technological edge that would contribute to the market growth of AI based voice Technology market.

Global Voice Technology Market projected to grow at CAGR of +19% by 2025

The Global Voice Technology market report is a comprehensive overview of the market covering various aspects such as product definition, various parameter-based segmentation, distribution channels, supply chain analysis, and common vendor environments. Through proven research methods, we collect thorough information that identifies the source. Voice Technology Information about the market can be accessed in a logical format in a smart format. There are graphs and tables in place to help readers get a better view of the global Voice Technology market.

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Companies Profiled in this report includes: Microsoft Corporation, Google Inc., Apple, Inc., Amazon.com, Inc., Hoya Corporation, International Business Machines, VoiceVault, Inc., Raytheon Company, Advanced Voice Recognition Systems, Inc.

Based on Types, the market report segments the market into Enhanced Devices, Hardware, and Software. Software types are further divided into Automatic Speech Recognition, Speaker Verification, and Storage Devices & Processors. Based on Applications, the market is segmented into Non- Artificial Intelligence Based and Artificial Intelligence Based. Based on Verticals, the Global Voice Recognition Market is segmented into Consumer Electronics & Retail, Automotive, BFSI, Healthcare, Home Security & Automation, and Others.

The speech and voice recognition market has been segmented on the basis of technology into voice recognition and speech recognition. The market for voice recognition is expected to grow at a higher CAGR during the forecast period. The need for biometrics authentication leads to the growing integration of voice authentication in mobile banking and creates a growing demand for multifactor authentication in enterprises and industries

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Based on geographical areas, the world Voice Technology markets are broadly divided into Latin America, Europe, the Middle East and Africa and Asia Pacific. The world market is still in exploration in most areas, but it has the promising potential to grow steadily over the next few years. The major players investing in this market are in Canada, the United Kingdom, the United States, India, China and some Asia Pacific countries. As a result, Asia Pacific, North America and Western Europe are expected to account for more than half of the total market share over the next few years.

At the end of the report, a manufacturer is announced who is responsible for increasing sales in the Voice Technology market. These manufacturers have been analyzed in terms of manufacturing base, basic information and competitors. In addition, the technology and product types introduced by each manufacturer are also an important part of this section of the report.

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Table of Content:
Global Voice Technology Market Research Report
Chapter 1 Voice Technology Market Overview
Chapter 2 Global Economic Impact
Chapter 3 Competition by Manufacturer
Chapter 4 Production, Revenue (Value) by Region
Chapter 19 Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Production, Revenue (Value), Price Trend by Type
Chapter 7 Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Market Forecast