Speech and Voice Recognition Market Industry Analysis, Trends and Forecast to 2024 | New Report By Data Bridge Market Research
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 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:
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
The
global speech and voice recognition market is segmented on the basis ofdelivery
method, technology, end-userand geography.
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On
the basis of delivery method the market is segmented into artificial intelligence
(AI) based, and non-artificial intelligence based.
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On
the basis of technology the market is segmented 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.
Based
on end-user the market is segmented into automotive, enterprise, consumer,
banking, financial services, & insurance, government, retail, healthcare,
military, legal, education.
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, Europe, 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.
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The Global Speech and Voice Recognition Market Report
contains an in-depth profiling of the key market players, along with the recent
developments (new product launches, partnerships, agreements, collaborations,
and joint ventures) and strategies adopted by them to sustain and strengthen
their positions in the market.
Some of the major
players operating in this market are
·
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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