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Voice Recognition Market 2018-2023 Trends and Opportunities With Key Players - Nuance Communications, Microsoft, ValidSoft, AURAYA, LumenVox, Raytheon, Voice Biometrics Group, VoiceTrust and Aspect Software
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Software that has the capability to convert and decrypt human voice into speech, which is effortlessly understood by a computer, is known as voice recognition software. The global voice-recognition market can be segmented on the basis of end-use markets into enterprise, consumer, and healthcare markets.
The major factor driving the growth of the global voice recognition market is the growing advent of smartphones. The rapid increase of mobile devices is making voice interfaces, even more pervasive and useful. Speech recognition software on mobile devices is quick and easy to use, than fiddling around with a keyboard on the screen. Google, Microsoft, and Apple all have speech recognition functionality assembled into their mobile operating systems, which makes it easier to carry out tasks. Major vendors in the voice recognition market are augmenting their focus on research & development inventions, which has resulted in the introduction of products with improved accuracy and high integration ability.
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Nuance Communications Inc, Microsoft, ValidSoft Ltd, AGNITO, Advanced Voice Recognition Systems Inc., Auraya Systems, LumenVox, LLC, Raytheon Company, Voice Biometrics Group, VoiceTrust and Aspect Software Inc. are some of the major competitors of the global voice recognition market.
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