In-depth Research Report on Global Speech Recognition Market size

1
Voice Recognition Market Share Analysis and
Forecasts New Research Report Global Market
Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
2
Regional Analysis of Voice Recognition Market

• North America is expected to dominate the voice
  recognition market, owing to the deployment of
  biometric systems on a large scale due to the
  increasing need of high level security.
• The industry in the region is driven by
  increasing government initiatives to deploy
  biometric systems, particularly in the U.S.
• The Asia Pacific voice recognition market is
  expected to grow at fast pace, due to increasing
  IoT applications and demand for voice technology.
  
• Growing requirement of this technology from
  self-service sectors such as banking and call
  centers is expected to drive voice recognition
  market growth in the region.

3
Application Analysis of Voice Recognition Market

• The voice recognition market is classified into
  artificial intelligence based and non-artificial
  intelligence based.
• Artificial-intelligence based solutions segment
  is expected to gain momentum, owing to the
  ability of this technology to recognize speech
  patterns accurately.
• AI transforms voice into well-structured
  algorithms in steps such as formulation,
  representation of speech units, demonstration of
  correct inputs, and development of recognition
  algorithms.

4
Application Analysis of Voice Recognition Market

• Integration of this technology with automobiles
  is increasingly gaining popularity, owing to
  growing stringency in regulations pertaining to
  mobile phones use while driving and
  implementation of hands free rules.
• Voice commands enhance driver and passenger
  safety by enabling them to concentrate on
  driving. Manual interfaces to enter data in
  navigation system involves risks. Therefore,
  voice recognition market growth is anticipated to
  surge, owing to the ability of speech destination
  entry to help drivers follow route correctly.
• Benefits of this technology such as better
  productivity, easy accessibility, and flexibility
  are expected to drive demand. The lack of ability
  to recognize speech in regional accent and high
  price of AI based systems is expected to
  challenge the voice recognition market demand.

5
Competitive Market Share of Voice Recognition
Market

• Players in the voice recognition market include
  Nuance Communications, MMODAL Inc., Apple, Inc.,
  Microsoft Inc., Sensory Inc., Agnitio SL,
  Advanced Voice Recognition Systems, Biotrust,
  ValidSoft UK Ltd., VoiceVault, M2SyS LLC,
  VoiceBox Technologies Corp., Raytheon BBN
  Technologies, and LumenVox LLC.
• The voice recognition market is led by innovation
  and is highly competitive. Major players are
  increasingly focusing on increasing the accuracy
  of voice recognition to outwit the competitors.

6

Browse Full Market Research Report On Voice
Recognition Market _at_ https//goo.gl/Ce1C1h Req
uest for an in-depth table of contents for this
report _at_ https//www.gminsights.com/request-toc/up
coming/1572
7
Stay In Touch Website www.gminsights.com Soci
al Media