Press release
Global Speech Recognition Software Market will Grow Impressively at a CAGR of Almost 16.99% by 2020
Albany, NY, 7th FEB : A speech recognition software identifies words spoken by an individual or speaker into a microphone, converts them into a computer-readable format, and responds automatically. These software applications recognize speech in multiple languages. These applications are used both by individual consumers and enterprises in the healthcare; banking, financial services, and insurance; legal; and telecommunications sectors for a number of purposes including fraud management, speaker verification, speaker identification, biometrics, and vehicle telematics. The biometrics segment is seeing a high demand for speech recognition software because of the growing instances of fraud. Vendors are developing easy-to-deploy and cost-effective speech recognition applications that help in fraud management.Get PDF for more Professional and Technical insights @ http://www.researchmoz.us/enquiry.php?type=S&repid=711526
Technavios analysts forecast the global speech recognition software market to grow at a CAGR of 16.99% during the period 2016-2020.
Covered :
The report covers the present scenario and the growth prospects of the global speech recognition software market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of speech recognition solutions, including software, integrated solutions, and services.
Segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Speech Recognition Software Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
AT&T
IBM
Microsoft
Nuance Communications
Other prominent vendors
Dolby Systems
LumenVox
OnMobile Global
Raytheon BBN Technologies
Sensory
Tellme Networks
Voxeo
Key driver
Increased use of biometrics
For a full, detailed list, view our report
Make An Enquiry @ http://www.researchmoz.us/enquiry.php?type=E&repid=711526
Key challenge
Lack of accuracy
For a full, detailed list, view our report
Key trend
Increased use of voice passwords
For a full, detailed list, view our report
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