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Global Speech and Voice Recognition Market by Organization Size, Vertical, Deployment Model, Industry, Function, Geography, Top Vendors Profiles, and Market is expected to reach USD 6,770.21 Million by 2025
Global Speech and Voice Recognition Market
Market Analysis
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 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
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Major Market Competitors
Some of the major players of the global speech and voice recognition market
• 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.,
• Nuance Communications, Inc.,
• Microsoft Corporation,
• Alphabet Inc.,
• Cantab Research Limited,
• Sensory, Inc.,
• Uniphore Software Solutions Pvt. Ltd.,
TABLE OF CONTENTS (Global Speech and Voice Recognition Market)
1. INTRODUCTION
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:
COMPETITIVE LANDSCAPE
12 GLOBAL SPEECH AND VOICE RECOGNITION MARKET,
COMPANY PROFILES
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
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Market Segmentation
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
• 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.
Europe Speech and Voice Recognition Market is expected to reach USD 1,665.08 Million by 2025 from USD 286.89 Million in 2017, at a CAGR of 24.7% 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.
Asia-Pacific Speech and Voice Recognition Market is expected to reach USD 2,754.38 Million by 2025 from USD 397.49 Million in 2017, with the highest CAGR of 27.4% 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.
North America Speech and Voice Recognition Market is expected to reach USD 1,960.60 Million by 2025 from USD 312.08 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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