Technology Update: Voice Recognition Market 2018-2026 Forecast Report | Google, Baidu, Facebook, Inc., Amazon, Apple

In 2017, the non AI-Based voice recognition segment dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global market revenue during the forecast period.

The Voice Recognition market is anticipated to reach over $150 billion by 2026 according to a new research published by Polaris Market Research.

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Major Players:

• Google
• Baidu
• Facebook
• Amazon.com
• Advanced Voice Recognition Systems
• Apple
• CastleOS Software
• International Business Machines Corporation
• Microsoft Corporation
• Nuance Communications


The increasing demand for intelligent virtual assistants at homes and enterprises primarily supports the growth of voice recognition market. Moreover, the growing need for automation in customer service, and integration of virtual assistants with smart home appliances drive the growth of the market.

Browse full research report with TOC on “Voice Recognition Market by Application and End User – Global Industry Analysis and Forecast to 2026” at: https://www.polarismarketresearch.com/industry-analysis/Voice-Recognition-Market/

Furthermore, the increasing need to streamline enterprise communication to improve productivity further influence voice recognition market growth during the forecast period.

Other driving factors include increased use in automobiles, mobile banking applications, and electronic health record applications. Also, increasing applications in biometric systems for user authentication would boost the market growth during the forecast period. Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities in the coming years.

• North America generated the highest revenue in the market in 2017, and is expected to lead the global voice recognition market throughout the forecast period.

• Use of intelligent virtual assistants to replace traditional interactive voice response systems has supported market growth in the North America.

• Use of intelligent virtual assistants is proving effective by enhancing customer and brand experience, and providing a consumer-friendly environment.

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Similarly, the presence of established telecom and cloud infrastructure in this region, and growing trend of BYOD drive the voice recognition market growth in the region. The growing demand of mobile devices, and technological advancements further support market growth in the region.

The demand for voice recognition systems has increased significantly in BFSI, and healthcare sectors in the region. Increasing adoption of smart homes, and smart buildings would provide growth opportunities for voice recognition market during the forecast period.

The major players operating in the voice recognition market include Google, Inc., Baidu, Inc., Facebook, Inc., Amazon.com, Inc., Advanced Voice Recognition Systems, Inc., Apple, Inc., CastleOS Software, LLC, International Business Machines Corporation, Microsoft Corporation, and Nuance Communications, Inc. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

Voice Recognition Market Size and Forecast by Component, 2018-2026
1 Key Findings
2 Hardware
3 Software
4 Services

About us Polaris Market Research

Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.

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Corporate Sales, USA
Polaris Market Research
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