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Global Speech and Voice Recognition Market 2018 Increased Demand for Speech-Based Biometric Systems for Multifactor Authentication
Global Speech and Voice Recognition Market ? Industry Trends and Forecast to 2024
Also Global Speech and Voice Recognition Market, By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa), By Delivery Method (Artificial Intelligence (AI) Based, Non-Artificial Intelligence Based), By Technology (Voice Recognition (Speaker Identification, Speaker Verification), Speech Recognition (Automatic Speech Recognition, Text to Speech)), By End-user (Automotive, Enterprise, Consumer, Banking, Financial Services, & Insurance, Government, Retail, Healthcare, Military, Legal, Education) – Industry Trends and Forecast to 2024
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Market Definition: Global Speech and Voice Recognition Market
Speech and voice recognition is the technology designed to receive and interpret dictation, or to understand and carry out spoken commands. This technology is as unique as fingerprint and in increasingly adopted into wide range of applications such as automotive, enterprise, consumer, banking, financial services, & insurance, government, retail, healthcare, military, legal, and education.
Major Market Drivers: Global Speech and Voice Recognition Market
• Increasing adoption of mobile banking by e-commerce retailers & banks
• Increased Demand for Speech-Based Biometric Systems for Multifactor Authentication
• Growing Impact of Artificial Intelligence (AI) on the Accuracy of Speech and Voice Recognition
• Growth in Voice Control-Based Smart Assistive Devices in Consumer and Enterprise Vertical
Market Segmentation : Global Speech and Voice Recognition Market
• Global Speech And Voice Recognition Market is segmented on the basis of delivery method into artificial intelligence (AI) based, and non-artificial intelligence based.
• The global speech and voice recognition market is also segmented on the basis of technology into voice recognition, and speech recognition. The voice recognition segment is further sub-segmented into speaker identification, and speaker verification. The speech recognition segment is further sub-segmented into automatic speech recognition, and text to speech.
• On the basis of end user the global speech and voice recognition market is further segmented into automotive, enterprise, consumer, banking, financial services, & insurance, government, retail, healthcare, military, legal, education.
• On the basis of geography, global speech and voice recognition market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
Company Share Analysis: Global Speech and Voice Recognition Market
The report for speech and voice recognition market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.
Major Market Competitors: Global Speech and Voice Recognition Market
Some of the major players of the global speech and voice recognition market are Nuance Communications, Inc., Microsoft Corporation, Alphabet Inc., Cantab Research Limited, Sensory, Inc., ReadSpeaker Holding B.V., Pareteum Corporation, Iflytek Co., Ltd. (China), VoiceVault Inc., VoiceBox Technologies Corp., LumenVox, LLC, and Acapela Group SA, Vocalzoom Ltd, Biotrust ID B.V., Uniphore Software Solutions Pvt. Ltd., among others.
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