Global Speech & Voice Recognition Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast

The global speech & voice recognition market research report provides detailed information about the industry based on the revenue (USD MN) for the forecast period. The research study is a descriptive analysis of this market emphasizing the market drivers and restraints that govern the overall market growth. The trends and future prospects for the market are also included in the report which gives an intellectual understanding of the speech & voice recognition industry. Furthermore, the report quantifies the market share held by the major players of the industry and provides an in-depth view of the competitive landscape. This market is classified into different segments with detailed analysis of each with respect to geography for the study period.
 
Study period considered for research of global speech & voice recognition market:

• Base Year: 2015
• Estimated Year: 2016
• Forecast Till: 2022

 
A glimpse of the major drivers and restraints affecting the speech & voice recognition market is mentioned below.
 
Drivers

• Growing demand for speech based biometric system for identification purpose
• Growing fraudulent activities worldwide
• Rising demand for voice authentication in mobile banking applications
• Rising Usage of IoT devices and integration of speech recognition technology
• Growing demand for micro enabled services
• Growing adoption of artificial intelligence and neural networks for reducing speech recognition error

 
Restraints

• Lack of accuracy
• Restricted usage for cloud-based services due to oligopoly industry

 
The report offers a value chain analysis that gives a comprehensive outlook of the speech & voice recognition market. The attractiveness analysis of this market has also been included so as to evaluate the segments that are anticipated to be profitable during the forecast period.
 
The speech & voice recognition market has been segmented based on technology such as speech recognition, and voice recognition. The study incorporates periodic market estimates and forecasts. Each technology has been analyzed based on the market size at regional and country levels.
 
The speech & voice recognition market has been segmented based on vertical such as automotive, enterprise, finance, consumer, government, retail, healthcare, and others. The report provides forecast and estimates for each vertical in terms of market size during the study period. Each vertical has been further analyzed based on regional and country levels.
 
The speech & voice recognition market has been segmented based on application such as artificial intelligence, and non-artificial intelligence. The report provides forecast and estimates for each application in terms of market size during the study period. Each application has been further analyzed based on regional and country levels.
 
Geographically, the speech & voice recognition market has been segmented into regions such as North America, Europe, Asia Pacific, Latin America, and Rest of the World. The study details country-level aspects based on each segment and gives estimates in terms of market size.
 
The report also studies the competitive landscape of the global market with company profiles of players such as Nuance Communications Inc., Microsoft Corporation, Agnitio SL, Raytheon BBN Technologies, Validsoft UK Limited, Sensory, Inc., Biotrust ID B.V., Voicevault Inc., Voicebox Technologies Corp., Lumenvox, LLC, M2SYS LLC, Advanced Voice Recognition Systems, Inc., and Mmodal Inc. A detailed description of each has been included, with information in terms of headquarters, inception, stock listing, upcoming capacities, key mergers & acquisitions, financial overview, and recent developments. This analysis gives a thorough idea about the competitive positioning of market players. The report also gives information of speech & voice recognition market’s mergers/acquisitions, partnerships, collaborations, new product launches, new product developments and other industry developments.
 
METHODOLOGY:
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.
 
SEGMENTATIONS IN REPORT:
Speech & Voice Recognition Market Analysis by Technology:

• Speech Recognition
• Voice Recognition

 
Speech & Voice Recognition Market Analysis by Vertical:

• Automotive
• Enterprise
• Finance
• Consumer
• Government
• Retail
• Healthcare
• Others

 
Speech & Voice Recognition Market Analysis by Applications:

• Artificial Intelligence
• Non-Artificial Intelligence

 
Speech & Voice Recognition Market Analysis by Geography:

• North America
• Europe
• Asia Pacific
• Rest of the World