Global Voice And Speech Recognition Software Market: Emerging Trends, Major Key Players Advanced Voice Recognition Systems Inc and Agnitio

According to the report, Voice And Speech Recognition Software Market Size to Grow at 11.24%: the industry to witness positive impact due to COVID-19 spread Voice recognition software and speech recognition software are more in-demand than ever, particularly because of the advent of virtual personal assistants like Siri, Alexa, and Cortana. VPA's can handle a variety of tasks that users may ask for at any given time - be it calling an Uber ride or making reservations for a dinner date. These programs are friendly and easily accessible to anyone as they don't require any specific hardware or software to operate, just a simple voice command is enough!

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The latest research report published by Evolve Business Intelligence examines the impacts of numerous market aspects on the global VOICE AND SPEECH RECOGNITION SOFTWARE industry including a look at the current market size and forecasts for key segments and regions, the driving forces behind the market, the probable effects from key trends, how all these will affect the business plan, SWOT analysis of critical sectors for each of the key competitors, customers and more! Providing valuable data about conglomerations that are most likely going to have an impact on this industry is essential to any company who plans to properly invest for next 5 years. These findings supplement our initial quantitative study in order to facilitate any new investments or planning traits against threats in existing sectors through a strategic business plan.

Impact of COVID-19

The on-going COVID-19 pandemic has had a significant impact on the industry. Several financial impacts and disruptions have been felt over a long period of time. Our research has interviewed numerous delegates from this industry, across geographical markets to collect information that is helpful for addressing potential challenges the COVID-19 pandemic may cause going forward.
In terms of COVID 19 impact, the Voice And Speech Recognition Software market report also includes the following data points:
• Impact of COVID-19
• Government Aids and Policies for Industry Revival
• Companies Recent Developments to Tackle Negative Impact
• Opportunity Window & Post COVID Trend

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Key Players
Some of the major Voice And Speech Recognition Software players holding highest market share include Advanced Voice Recognition Systems Inc, Agnitio, Amazon Inc and Apple Inc. These players use acquisition as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• Advanced Voice Recognition Systems Inc
• Agnitio
• Amazon Inc
• Apple Inc
• Anhui USTC iFlytek Ltd
• Baidu, Inc
• BioTrust ID
• CastleOS Software
• Facebook Inc
• Google Inc
• International Business Machines Corporation

Segmental Analysis

Market Segment By Function with focus on market share, consumption trend, and growth rate of VOICE AND SPEECH RECOGNITION SOFTWARE Market:
o Voice recognition
o Speech recognition

Market Segment By Technology with focus on market share, consumption trend, and growth rate of VOICE AND SPEECH RECOGNITION SOFTWARE Market:
o AI-based
o Non-AI based

Market Segment By Vertical with a focus on market share, consumption trend, and growth rate of VOICE AND SPEECH RECOGNITION SOFTWARE Market:
o Automotive
o BFSI
o Consumer
o Education
o Enterprise
o Government
o Healthcare
o Legal
o Military
o Retail
o Others

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Global Voice And Speech Recognition Software Geographic Coverage:
• North America
o US
o Canada

• Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Rest of Asia Pacific

• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America

• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA

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