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Global Voice Recognition Market anticipated to grow with a healthy growth rate of more than 11.35% To 2025 |Top Key Players Advanced Voice Recognition Systems, Inc., Amazon.com, Inc., Api.ai, Baidu, Inc

02-01-2019 09:24 AM CET | Media & Telecommunications

Press release from: Big Market Research

Voice Recognition

Voice Recognition

"Global Voice Recognition Market industry valued approximately USD 54.8 billion in 2016 is anticipated to grow with a healthy growth rate of more than 11.35% over the forecast period 2017-2025. The major factors driving the growth are rising need for Voice Recognition worldwide, aim to enhance security in automobile industry and home security products i.e. door lock systems and camera systems.

The objective of the study is to define market sizes of different segments & countries in previous years and to forecast the values to the next eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as drivers & restraining factors which will define the future growth of the market. Additionally, it will also incorporate the opportunities available in micro markets for stakeholders to invest, detailed analysis of competitive landscape and product offerings of key players.

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The detailed segments and sub-segment of the market are explained below:
Application:
• Artificial Intelligence
• Non-Artificial Intelligence

Component:
• Hardware
• Software
• Enhanced devices

Vertical:
• Automotive
• Consumers
• Government
Home security and Home Automation
• Healthcare
• Retail
• BFSI
• Others

Regions:
• North America
• Europe
• Asia Pacific
• Latin America
• Rest of the World

Furthermore, the years considered for the study are as follows:
• Historical year ‐ 2015
• Base year ‐ 2016
• Forecast period ‐ 2017 to 2025

Some of the key manufacturers involved in the market are Advanced Voice Recognition Systems, Inc., Amazon.com, Inc., Api.ai, Baidu, Inc., CastleOS Software, LLC, Agnitio S.L., Anhui USTC iFlytek Co., Ltd., Apple, Inc., BioTrust ID B.V., and Facebook, Inc. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and focuses on continuous technology innovations are also strategies adopted by the major players. The companies are also trying to dominate the market by investing in research and development.

Target Audience of the Voice Recognition Market Study

Key Consulting Companies & Advisors
• Large, medium-sized, and small enterprises
• Venture capitalists
• Value-Added Resellers (VARs)
• Third-party knowledge providers
• Investment bankers
• Investors

Please note that owing to the criticality of the Voice Recognition Market and rapidly changing market attributes, we are in the middle of updating the report. The final report may require 2 to 3 working days post-confirmation to cater to the most recent updates.

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