Speech and Voice Recognition Market: Global Analysis & Forecast 2024Posted by Sonika on February 4th, 2019 Bharat Book Bureau Provides the Trending Market Research Report on “Speech and Voice Recognition Market by Technology (Speech and Voice Recognition), Vertical (Automotive, Consumer, Government, Enterprise, Healthcare, BFSI), Deployment (On Cloud & On-Premises/Embedded), and Geography - Global Forecast to 2024 Speech and Voice Recognition Market is expected to grow at CAGR of 19.18% from 2018 to 2024. The speech and voice recognition market is expected to grow from USD 7.5 billion in 2018 to USD 21.5 billion by 2024, at a CAGR of 19.18%. The high growth potential in healthcare application, growing demand for voice authentication in mobile banking application, and rapid proliferation of multifunctional devices or smart speakers are a few major factors driving the growth of speech and voice recognition market. However, high cost of high-end voice recognition systems and lack of accuracy in speech and voice recognition systems in noisy and harsh environments is restraining the market growth. Request a free sample copy of Speech and Voice Recognition Market Report@ https://www.bharatbook.com/marketreports/Sample/Reports/763758 On-premises/Embedded expected to grow at highest CAGR during the forecast period. The large consumer electronics industry in China and India offers significant expansion opportunities for the speech recognition market in APAC during the forecast period. Moreover, the growing focus on productivity in developed countries of APAC such as Japan and Singapore is further expected to drive the speech and voice recognition market in the enterprise segment during the forecast period. Furthermore, rapid technological advancements and a high degree of R&D in the country are expected to create several opportunities for the players in the speech and voice recognition market in this country. Breakdown of profile of primary participants: Nuance (US), Microsoft (US), Alphabet (US), IBM (US), Amazon (US), Sensory (US), Cantab Research (UK), iflytek (China), Baidu (China), and Raytheon BBN Technologies (US) are a few key players in the speech and voice recognition market. Research Coverage: Key Benefits of Buying the Report: Browse our full report with Table of Contents : https://www.bharatbook.com/marketreports/speech-and-voice-recognition-market-by-technology-speech-and-voice-recognition-vertical-automotive-consumer-government-e/763758 About Bharat Book Bureau: Bharat Book is Your One-Stop-Shop with an exhaustive coverage of 4,80,000 reports and insights that includes latest Market Study, Market Trends & Analysis, Forecasts Customized Intelligence, Newsletters and Online Databases. Overall a comprehensive coverage of major industries with a further segmentation of 100+ subsectors. Contact us at: Bharat Book Bureau Follow us on : Twitter, Facebook, LinkedIn, Google Plus Like it? Share it!More by this author |