Speech Recognition Market Growth with 20% CAGR and Global Leaders: Microsoft, Google, VoiceVault, VoiceBox, Raytheon BBN, Sensory by Forecast 2022

Market Research Future published a research report on “Global Speech Recognition Market Research Report - Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.

Market Synopsis of Speech Recognition Market

Market Scenario:

Speech Recognition is the capability of an embedded system to recognize or identify words and phrases in spoken language and perform some task associated with them. Speech Recognition applications includes voice dialing, simple data entry, voice security and speech to text processing. The speech recognition systems are the emerging trends and acts as an alternative to typing on a small screen such as mobile phones. The increase in adoption of biometric security in banking and finance sector is driving the demand of speech recognition technology.

Globally Speech Recognition Market is growing with CAGR of ~20% and expected to reach market size of ~$13 billion by the end of forecasted period.

Key Players

• Nuance Communications, Inc. (U.S)
• Microsoft Corporation (U.S)
• Agnitio SL (Spain)
• VoiceVault (U.S.)
• VoiceBox Technologies Corp. (U.S)
• Google Inc. (U.S)
• LumenVox LLC.(U.S)
• Raytheon BBN Technologies (U.S)
• Advanced Voice Recognition Systems (U.S.)
• Sensory, Inc. (U.S)

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Segments:

Global Speech Recognition market has been segmented on the basis of Types, Technology and Verticals. The Speech Recognition Types has been identified as- Speaker Dependent and Speaker Independent. Technology segment consists of AI based and Non-AI based whereas the Verticals have been identified as Military, Automotive, Healthcare, Consumer, Finance, Media & Entertainment, and Government among others.

Market Research Analysis:

Market Research Future has predicted that this market will be dominated by North America throughout the forecast period. Europe stands second biggest market in the year 2016 but is expected to be dominated by Asia-Pacific by the end of forecast period. Also, Asia-Pacific has emerged as fastest growing market for the Speech Recognition owing to factors such as growing economy of India and China and also due to the strong presence of manufacturing industry in the region.

Study Objectives of Speech Recognition Market.

• To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Speech Recognition Market.
• To provide insights about factors affecting the market growth.
• To analyze the Speech Recognition Market based porter’s five force analysis etc.
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)
• To provide country level analysis of the market with respect to the current market size and future prospective
• To provide country level analysis of the market for segment by type, application and End-User.
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Speech Recognition.

Intended Audience:

• Speech Recognition system Industries
• Technology investors
• Scientists, Researchers
• Government as well as Independent Regulatory Authorities

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TABLE OF CONTENTS:

• MARKET INTRODUCTION
• RESEARCH METHODOLOGY
• GLOBAL SPEECH RECOGNITION MARKET: OVERVIEW
• GLOBAL SPEECH RECOGNITION MARKET, COMPETITIVE LANDSCAPE
• MARKET OVERVIEW
• GLOBAL SPEECH RECOGNITION MARKET, ESTIMATION & FORECAST, BY TYPE
• GLOBAL SPEECH RECOGNITION MARKET, ESTIMATION & FORECAST, BY TECHNOLOGY
• GLOBAL SPEECH RECOGNITION MARKET, ESTIMATION & FORECAST, BY VERTICALS
• GLOBAL SPEECH RECOGNITION MARKET, ESTIMATION AND FORECAST, BY GEOGRAPHY
• COMPANY PROFILES

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Market Research Future
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