Comprehensive Research on "Global Speech and Voice Recognition Market" 2018 and Business Growth Strategies - Top Players are Nuance Communications, Microsoft, Hoya, Raytheon, Sensory, Inc, Apple, Mercedes-Benz USA, HARMAN International, Google, VocalZoom

The Speech and Voice Recognition market is going to have a rocket boom for their sales, import, export and revenue in the forecast period of 2018-2025.

This research report provides a detailed analysis of the Speech and Voice Recognition market and offers insights on the various factors such as growth factors and challenges to the market in the near future which presents a 360-degree overview of the competitive scenario of the Global market. The market study provides comprehensive assessment of key stakeholder strategies and imperatives for succeeding in the business. In addition, this section includes analysis of key trends, drivers and restraints influencing the surge protection devices market. Impact analysis of key growth drivers and restraints are included in this report to facilitate clients with crystal clear decision-making insights. The Speech and Voice Recognition Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on in-depth assessment of capabilities and success in the marketplace. The report is generated based on the market type, size of the organization, availability on-premises and the end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa.

MARKET OVERVIEW

Global 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), Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa)- Industry Trends and Forecast to 2025.

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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INDUSTRY KEY DEVELOPMENT:

Nuance Communications, Inc.:

Founded in 1992 and headquartered in Burlington, U.S. Nuance Communications, Inc. is engaged in providing voice recognition and natural language understanding solutions. The company operates through four segments namely healthcare, mobile, enterprise and imaging. The voice and speech recognition related products lie in healthcare sector and mobile application. The healthcare sector offers documentation process with the help of artificial intelligence, cloud application and other related solutions. In mobile application segment the services are provided in the form of applications such as, voice recognition, and text-to-speech and among others.

1. In March, 2017, Nuance Communications, Inc. unveiled the latest version of Dragon Software for better accuracy, and timely detailed information.

2. In October, 2017, Nuance Communications, Inc. has been ranked 1St for the end-to-end healthcare coding, clinical documentation improvement (CDI), transcription and speech recognition technology in black book.

3. In September, Nuance Communications, Inc. announced that clinical speech recognition through the Nuance Dragon Medical One cloud platform will be supported by Imprivata Cortext, for the secured communications platform.

Microsoft:

Founded in 1975 and headquartered in Washington, United States. Microsoft is the global leader in providing and also developing software products, services, and devices globally. The company’s operates through various segments Office, Exchange, SharePoint, Skype, and Office 365 consumer services, such as Skype, Outlook.com, and OneDrive; Dynamics business solutions. Microsoft Cloud segment licenses server includes products such as Microsoft SQL Server, Windows Server, Visual Studio, System Center, and related CALs, as well as Azure, a cloud platform.

IFLYTEK CO. LTD.:

Founded in 1999 and headquartered in Hefei City, China. IFLYTEK CO. LTD. is engaged in developing and providing the software and chip products, information technology (IT) service. The company operates across various segments namely speech engine, education product, mobile application, interactive music among others. The voice and speech recognition lie under speech engine and mobile application. The company’s’ software and solution are widely applicable in enormous industries such as, telecommunication, bank, electricity, social security, agriculture, securities, insurance, post and other industries.

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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.

• To perceive the most influencing pivoting and hindering forces in the Speech and Voice Recognition Market and its footprint in the international market.

• Strategic recommendations in key business segments based on the market estimations.

• 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.

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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

• Segmentation
• Comparison
• Market opportunity

PART 09: CUSTOMER LANDSCAPE

PART 10: REGIONAL LANDSCAPE

• Geographical segmentation
• Regional comparison
• North America
• South America
• Europe
• MEA
• APAC
• Market opportunity

PART 11: DECISION FRAMEWORK

PART 12: DRIVERS AND CHALLENGES

• Market drivers
• Market challenges

PART 13: MARKET TRENDS

PART 14: VENDOR LANDSCAPE

• Overview
• Landscape disruption

PART 15: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors

PART 16: APPENDIX

• List of abbreviations

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COMPANIES COVERED

• Nuance Communications,
• Microsoft,
• Hoya,
• Raytheon,
• Sensory, Inc.,
• Anhui USTC iFLYTEK Co,
• VoiceVault,
• LumenVox,
• Acapela Group,
• VocalZoom,
• BioTrust,
• Voicebox Technologies Corporation,
• Cantab Research Limited,
• Apple,
• Mercedes-Benz USA,
• HARMAN International,
• Google,
• ReadSpeaker, a HOYA Speech Company,
• Pareteum Corporation NYSE American: TEUM,
• Advanced Voice Recognition Systems and others

KEY SEGMENTS COVERED

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 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.

Global Speech and Voice Recognition Market is segmented on the basis of delivery method into

• Artificial intelligence (AI) based, and
• Non-artificial intelligence based.

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.

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