Speech and Voice Recognition Technologies Market by Technology (Speaker Identification, Speaker Verification, Speech Recognition, Automatic Speech Recognition, Text to Speech, and Others), by Application (Automotive, Consumer electronics, BFSI, Government, Retail, Healthcare, Military, Legal, Education, and Other Applications): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017-2024

Global speech and voice recognition technologies market expected to reach approximately USD 22.32 billion in 2024, growing at a CAGR of slightly above 20.12% between 2018 and 2024. Speech and voice recognition are bulging innovative technologies that basically works on identifying the words or phrases and later convert them to a machine-readable format by reducing human interference.

21-Aug-2018 | Number of pages: 125 | Report Code: ZMR-3287 | Report Format : | Status : Published

Abstract

The report covers forecast and analysis for the speech and voice recognition technologies market on a global and regional level. The study provides historic data of 2015-2017 along with a forecast from 2018 to 2024 based on revenue (USD Billion). The study includes drivers and restraints for the speech and voice recognition technologies market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the speech and voice recognition technologies market on a global level.

This report offers comprehensive coverage of global speech and voice recognition technologies market along with, market trends, drivers, and restraints of the speech and voice recognition technologies market. This report included a detailed competitive scenario and the product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the speech and voice recognition technologies market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared using data sourced from in-house databases, secondary and primary research team of industry experts.

Global Speech and Voice Recognition Technologies Market

The study provides a decisive view of the speech and voice recognition technologies market by segmenting the market based on technology, application, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2024. Application wise the market is divided into automotive, consumer electronics, BFSI, government, retail, healthcare, military, legal, education, and others.

The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. 
The competitive profiling of noticeable players of speech and voice recognition market includes company and financial overview, business strategies adopted by them, their recent developments and products offered by them which can help in assessing competition in the market. Noticeable players included in the report are Microsoft Corporation, Alphabet Inc., Acapela Group SA, Sensory, Inc., Read Speaker Holding B.V., Iflytek Co., Ltd., Nuance Communications, Inc., Cantab Research Limited, Pareteum Corporation, VoiceBox Technologies Corp., LumenVox, LLC, and VoiceVault Inc., among others.

The report segments speech and voice recognition technologies market as follows:

Global Speech and Voice Recognition Technologies Market: Technology Type Segment Analysis

  • Voice Recognition 
    • Speaker Identification
    • Speaker Verification
  • Speech Recognition 
    • Automatic Speech Recognition
    • Text to Speech

 Global Speech and Voice Recognition Technologies Market: Application Segment Analysis

  • BFSI
  • Automotive 
  • Education 
  • Consumer electronics
  • Healthcare 
  • Government 
  • Retail
  • Military 
  • Legal
  • Others 

Global Speech and Voice Recognition Technologies Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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