A comprehensive analysis of the Global Speech and Voice Recognition Market is been done in this intelligence report. It includes the investigations done on the past progress, ongoing market scenarios, and future prospects. An accurate data of the products, strategies and market shares of leading companies in this particular market is mentioned. The report also analyzes innovative business strategies; value added factors and business opportunities with Detailed Porter’s Five Forces Analysis. The Speech and Voice Recognition market report presents a 360-degree overview of the competitive scenario of the Global market. The report further projects the size and valuation of the global market in the coming forecast period. The report also presents a thorough qualitative and quantitative data affecting to the projected impact of these factors on market’s future growth prospects.
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.
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KEY HIGHLIGHTS OF THE SPEECH AND VOICE RECOGNITION MARKET REPORT:
- Get enlightened information available on the Speech and Voice Recognition market worldwide.
- Identify growth in various segments and investment opportunities. Benchmark fulfillment adjacent the key adversary.
- The main criterion related to Speech and Voice Recognition industry area including the overall structure of the product, numbers of applications, price, demand, and supply are enfolded in this report.
- The research of emerging Speech and Voice Recognition market section and extant industry segments will aid the investors or novice in formulating and developing business strategies.
- Facilitates decision making in view of noteworthy and gauging information also the drivers and limitations available of the market.
- Global Speech and Voice Recognition Market share assessments for the regional and country level segments.
TABLE OF CONTENTS
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 05: PIPELINE ANALYSIS
- Pipeline analysis
PART 06: MARKET SIZING
- Market definition
- Market sizing
- Market size and forecast
PART 07: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 08: MARKET SEGMENTATION
- Market opportunity
PART 09: CUSTOMER LANDSCAPE
PART 10: REGIONAL LANDSCAPE
- Geographical segmentation
- Regional comparison
- North America
- South America
- Market opportunity
PART 11: DECISION FRAMEWORK
PART 12: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 13: MARKET TRENDS
PART 14: VENDOR LANDSCAPE
- Landscape disruption
PART 15: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
PART 16: APPENDIX
- List of abbreviations
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Drivers: Global Speech and Voice Recognition Market
INCREASING DEMAND FOR VOICE AUTHENTICATION IN MOBILE APPLICATIONS
The network connectivity and computing power in automobiles, mobile phones, and other mobile devices has led to an eruption of applications and services for consumers. Applications such as Maps, navigation, the arrival of social networking sites such as Twitter and Facebook, email, web search, games, and music and video content posed many user interface challenges to designers. For instance, during the travel time the users are not always able to keep their eyes and hands on the device at certain places and situations such as, working out at the health club, and while driving a car. To overcome these challenges, the developers have then decided to improve the user’s experience, by designing predictive text, touchscreens, and speech technology. A speech technology such as speech recognition has been in use for mobile applications.
INCREASED DEMAND FOR VOICE AND SPEECH-BASED BIOMETRIC SYSTEMS
The speech-based biometric are progressively increasing in society. Due to arrival of speech-based biometric systems the user need not to remember password or a PIN. A voice-based biometric systems converts each spoken word into numerous dominant frequencies. The wave that is formed by a user’s speech produces an electrical signal output from the microphone. The application of this technology is mainly for security use in banking and trading, e-Commerce, insurance use, health use, network security. The companies that are developing voice and speech based biometric systems are Microsoft that deals in application namely Azure for speaker recognition, Uniphore, Nuance Communication, VoiceVault, Sensory and among others. Voice biometric technology for authentication purpose is considered as convenient and accurate. The rapid development and increased usage of automated applications for finances and E-commerce has increased the concern over reliability, high-security, and non-intrusive methods for personal authentication. Speaker recognition technology is one of the technologies included in analysing and modelling the voiceprints is now playing a vital role in the society
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- Nuance Communications,
- Sensory, Inc.,
- Anhui USTC iFLYTEK Co,
- Acapela Group,
- Voicebox Technologies Corporation,
- Cantab Research Limited,
- Mercedes-Benz USA,
- HARMAN International,
- ReadSpeaker, a HOYA Speech Company,
- Pareteum Corporation NYSE American: TEUM,
- Advanced Voice Recognition Systems and others
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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.
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,
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