SPEECH & VOICE RECOGNITION Market trends research and projections for 2017-2024

1
Speech Voice Recognition Market 2024
Industrial Forecast and Analysis Global Market
Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
2
Regional Analysis of Speech Voice Recognition
Market

• North America, speech voice recognition market
  is predicted to lead owing to the large-scale
  implementation of biometric systems. Moreover,
  increasing demand for high level security coupled
  with strong economic conditions has led to a high
  adoption of biometric systems in the region
  thereby, driving the speech voice recognition
  market.
• In Asia Pacific, economies such as China, India,
  Japan are anticipated to see high growth owing to
  the increasing demand of voice biometrics for
  security and authentication. Increasing demand of
  self-service applications in sectors such as
  BFSI, IT and telecom is further contributing to
  the growth of speech voice recognition market
  in the region. With several government agencies
  increasingly using voice biometrics for security
  authentication and with the presence of several
  electronics device manufacturers such as Sony,
  Samsung, LG in these regions it is anticipated to
  spur the overall speech voice recognition
  market growth.

3
Application Analysis of Speech Voice
Recognition Market

• Customer care services in the speech voice
  recognition market will witness growth over the
  forecast timeline. Various business sectors such
  as BFSI, IT, telecom, healthcare and hospitality
  are using the technology to tackle the increasing
  occurrence of security breach in these sectors
  which is propelling the industry demand.
• In the healthcare sector, the main use of speech
  and voice recognition technology, are for
  reporting health checkups, in data entry and in
  environments where the doctor or the dealing
  person cannot reach.
• An automated speech recognition system in
  medical equipment addresses, the ease of use and
  the hands-free environment which in turn is
  helping spur the speech voice recognition
  market growth.

4
Competitive Market Share of Speech Voice
Recognition Market

• Industry participants in the speech voice
  recognition market include Nuance Communications,
  Apple Inc., MModal. Speech, Microsoft, IBM, and
  Google. The speech voice recognition market is a
  highly competitive industry with presence of many
  players who are focused on improving accuracy to
  gain more market share to get better of their
  competitors.
• The companies in the speech voice recognition
  market are following aggressive competitive
  strategies which consists of acquiring
  established companies which act as competitors
  who are prominent in different markets.

5

Browse Full Market Research Report On Speech
Voice Recognition Market _at_ https//goo.gl/A7GjeQ
Request for an in-depth table of contents for
this report _at_ https//www.gminsights.com/request-t
oc/upcoming/1667
6
Stay In Touch Website www.gminsights.com Soci
al Media