Detailed market study on the “Global Speech and Voice Recognition Marke” Research Report 2018-2025 by Research For Markets begins with a description of the product, definition, scope of product and classification, cost, specifications and Speech and Voice Recognition Market outlook. The report analyses the important factors of the Speech and Voice Recognition Market based on present industry situations, market demands, business strategies utilized by Speech and Voice Recognition Market players, and the future prospects from various angles in detail. The report provides Speech and Voice Recognition Market forecast period from 2018 to 2025.
Global Speech and Voice Recognition Market is expected to reach USD 6,770.21 Million by 2025 from USD 1,095.00 Million in 2017, at a CAGR of 25.7% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Major Market Drivers and Restraints
- Increasing adoption of mobile banking by e-commerce retailers & banks
- Growth in Voice Control-Based Smart Assistive Devices in Consumer and Enterprise Vertical
- Increased Demand for Speech-Based Biometric Systems for Multifactor Authentication
- Growing Impact of Artificial Intelligence (AI) on the Accuracy of Speech and Voice Recognition
Frequently Asked Questions?
- What will the market size be in 2025?
- What are the key factors driving the global market?
- What are the challenges to market growth?
- Who are the key players in the market?
- What are the market opportunities and threats faced by the key players?
- What will be the growth rate in 2025?
- Which strategies are used by top players in the Global Speech and Voice Recognition Market?
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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
Global Speech and Voice Recognition Market is segmented on the basisof 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.
Table of Contents
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
Major Key Players
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.,
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