Speech and Voice Recognition Market is Growing at a CAGR of 25.7% in 2025
Posted by Andre on September 3rd, 2019
Global Speech and Voice Recognition Market is expected to reach USD 6,770.21 Million by 2025 from USD 1,095.00 Million in 2017, at a CAGR of 25.7% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025. Key players profiled in this report are: Nuance Communications, Inc. is going to dominate the speech and voice recognition market following with Microsoft and IFLYTEK CO. LTD. along with others such as HOYA Corporation, Raytheon, Advanced Voice Recognition Systems, Inc., Pareteum, Sensory, IncVoiceVault Inc., LumenVox, LLC., Acapela Group SA, VocalZoom, BioTrust, Uniphore, Voicebox Technologies Corporation and Cantab Research Limited
Market Segmentation: Global Speech and Voice Recognition Market
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The Speech and Voice Recognition Market research report also explains in depth description, competitive scenario, product portfolio of key vendors and their business strategies with the help of SWOT analysis and porter's five force analysis. This market report offers an actionable market insight with which sustainable and profitable business strategies can be built. This Speech and Voice Recognition Market report has been prepared by conducting market research in a systematic manner.
Key Drivers: Global Speech and Voice Recognition Market
Some of the major factors driving the market for global speech and voice recognition are effective integration due to increased demand for voice and speech-based biometric systems, increasing demand for voice authentication in mobile applications. Use of artificial intelligence (AI) on the accuracy of speech and voice recognition is the other factor which will drive the demand of global speech and voice recognition market.
Key insights in the report:
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About the AuthorAndre
Joined: August 28th, 2019
Articles Posted: 300
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