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
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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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Major Players Operating in Global Speech and Voice Recognition Market:
- 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
- Acapela Group SA
- Vocalzoom Ltd
- Biotrust ID B.V.
- Uniphore Software Solutions Pvt. Ltd.
Key questions answered in the report
What our report offers:
- What will the market size and the growth rate be in 2024?
- What are the key factors driving the Global Speech and Voice Recognition Market?
- What are the key market trends impacting the growth of the Speech and Voice Recognition Market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the Speech and Voice Recognition Market?
- Trending factors influencing the market shares of the North America & South America, Europe, Asia-Pacific, and Middle East & Africa?
- What are the Primary Interviews with Key Opinion Leaders of the Speech and Voice Recognition Market?
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