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Europe Speech and Voice Recognition Market growing at highest CAGR of 24.7% by 2025 - Nuance Communications, Inc. and IFLYTEK CO. LTD. along with others such as HOYA Corporation, Raytheon, Advanced Voice Recognition Systems, Inc

08-01-2018 06:22 PM CET | IT, New Media & Software

Press release from: Data Bridge Market Research

Europe Speech and Voice Recognition Market

Europe Speech and Voice Recognition Market

Europe Speech and Voice Recognition Market Report is a compilation of the several factors driving and restraining this market along with a thorough run-down of the sales volume of each product within carefully categorized sub-segments of 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.

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“Europe Speech and Voice Recognition Market” By Technology (Artificial Intelligence Based Software, Traditional Software), Product Type (Speech Recognition Software, Voice Recognition Software), Deployment (Cloud Based, On Premise), Industry (Entertainment & Mobile Apps, Banking, Healthcare, Automobiles, Analytics, Security, Education & Academics), By Country (Germany, France, United kingdom, Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Rest of Europe)- Industry Trends and Forecast to 2025

Frequently Asked Questions?

What will the market size be in 2025?
What are the key factors driving the European 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 Europe Speech and Voice Recognition Market?

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Market Segmentation  

The Europe speech and voice recognition market is segmented based on technology into two notable segments;

artificial intelligence based software and
traditional software
The Speech and voice recognition market is dominated by artificial intelligence based software with 69.5% market share in 2017 and is expected to grow at the highest CAGR of 27.2% in the forecast period.

The Europe speech and voice recognition market is segmented based on technology into two notable segments system;

speech recognition software and
voice recognition software

Speech recognition software is sub segmented on the basis of product type and usage. On the basis of product type, speech recognition software is sub segmented into text to speech and speech to text. Speech to text is further sub segmented into binary and multilingual. On the basis of usage, speech recognition software is sub segmented into back end, front end and end to end. Voice recognition software is sub segmented into voice verification software and voice identification software. The speech and voice recognition market is dominated by speech recognition software with 84.0% market share in 2017 and is expected to grow at the highest CAGR of 26.0% in the forecast period.

The Europe speech and voice recognition market is segmented based on deployment into two notable segments;

artificial intelligence based cloud based and
on premise

The Europe speech and voice recognition market is segmented based on industry into eight notable segments system;

entertainment and mobile apps,
banking,
healthcare,
automobiles,
analytics,
security,
education and
academics and others

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Based on geography the market is segmented into 11 countries,

Germany,
France,
UK.,
Italy,
Spain,
Russia,
Turkey,
Netherlands,
Belgium,
Switzerland and rest of Europe

Major Market Competitors

Nuance Communications, Inc
IFLYTEK CO. LTD
HOYA Corporation,
Raytheon,
Advanced Voice Recognition Systems, Inc.,
Pareteum,
Sensory, Inc
VoiceVault Inc.,
LumenVox, LLC
Acapela Group SA,
VocalZoom,
BioTrust,
Uniphore,
Voicebox Technologies Corporation and
Cantab Research Limited

About Data Bridge Market Research:

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

Contact:

Data Bridge Market Research

Tel: +1-888-387-2818

Email: sopan.gedam@databridgemarketresearch.com

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