Speech and Voice Recognition Market Is Booming Worldwide | Top key Players Like Nuance Communications, Microsoft, Hoya, Raytheon, Sensory, Inc., Apple, Google, Mercedes-Benz USA

This Speech and Voice Recognition market report emphasizes key market dynamics of ICT industry and covers historic data, present market trends, environment, technological innovation, upcoming technologies and the technical progress in the related industry. Speech and Voice Recognition market research report proves to be a precious source of information with which businesses can achieve a telescopic view of the current market trends, consumer's demands and preferences, market situations, opportunities and market status. To build this Speech and Voice Recognition report, detailed market analysis has been performed with the inputs from industry experts. All the data, figures and information is backed up by well recognized analysis tools which include SWOT analysis and Porter's Five Forces analysis.

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% Forecast by 2025.

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A large share of North America is attributed to the wide acceptance of advanced technologies and the availability of numerous voice-enabled connected devices in the region. However, the Asia Pacific region is expected to grow with the fastest growth rate throughout the forecast period, mainly due to growing disposable incomes and spending power of the population and increasing willingness of the population to adopt advanced technologies.

Key Competitors

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

Key Segmentation of Speech and Voice Recognition Market�

By Technology

Artificial Intelligence Based Software,
Traditional Software

By Product Type�

Speech Recognition Software,
Voice Recognition Software

By Deployment

Cloud Based,
On Premise

By Industry

Entertainment & Mobile Apps,
Banking,
Healthcare,
Automobiles,
Analytics,
Security,
Education & Academics

By Geography

North America,
South America,
Europe,
Asia-Pacific,
Middle East & Africa

Table of Contents

1. Introduction
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency and Limitations
1.3.1. Currency
1.3.2. Limitations
1.4. Key Stakeholders

2. Research Methodology
2.1. Secondary Research
2.2. Primary Research

3. Executive Summary

4. Market Insights
4.1. Introduction
4.2. Market Dynamics
4.2.1. Drivers
4.2.1.1. Surge in The Use of Voice Biometrics
4.2.1.2. Integration of Voice-Enabled in-Car infotainment Systems
4.2.1.3. Proliferation of Voice-Enabled Devices
4.2.2. Restraints
4.2.2.1. Lack of Accuracy in Regional Accents and Dialects Recognition
4.2.2.2. Lack of Awareness
4.2.3. Opportunities
4.2.3.1. High Growth Potential for AI-Enabled Voice Assistants in Healthcare Industry
4.2.3.2. Technological Advancements with Rising Acceptance of Connected Devices
4.2.4. Challenges
4.2.4.1. Inability to Overpower Ambient Noise
4.2.5. Trends
4.2.5.1. Growing Usage of Connected Device in Automotive and Home Automation

5. Speech and Voice Recognition Market, By Technology,
5.1. Introduction

6. Speech and Voice Recognition Market, By Product Type

7. Global Speech and Voice Recognition Market, By Deployment



Global Speech and Voice Recognition Market, By Industry

8. Global Speech and Voice Recognition Market, by Geography
8.1. Introduction
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.3. Europe
8.3.1. Germany
8.3.2. U.K.
8.3.3. France
8.3.4. Italy
8.3.5. Spain
8.3.6. Rest of Europe
8.4. Asia Pacific
8.4.1. Japan
8.4.2. China
8.4.3. India
8.4.4. Rest of Asia Pacific
8.5. Latin America
8.6. Middle East & Africa

9. Competitive Landscape
9.1. Competitive Growth Strategies
9.1.1 New Product Launches
9.1.2. Mergers and Acquisitions
9.1.3. Partnerships, Agreements, & Collaborations
9.1.4. Expansion
9.2. Market Share Analysis, by Key Players

10. Company Profiles
11. Appendix
11.1. Questionnaire
11.2. Available Customization

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