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
The Global Speech and Voice Recognition Market has accounted for USD 6.1 billion in 2016 growing at a CAGR of 20.1% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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The market is segmented on the basis of delivery method, technology, end-user and geography.
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On the basis of delivery method the market is segmented into artificial intelligence (AI) based, and non-artificial intelligence based.
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On the basis of technology the market is segmented 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.
Based on end-user the market is segmented into automotive, enterprise, consumer, banking, financial services, & insurance, government, retail, healthcare, military, legal, education.
Based on Geography the market is segmented into five geographical regions:
- North America
- South America
- 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.
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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.
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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