Speech and Voice Recognition Market by Type (Speech and Voice Recognition), End User (Automotive, Healthcare, BFSI, Education, Legal), Technology (Artificial Intelligence and Non-Artificial Intelligence), and Geography - Global Forecast to 2025

  • Report ID:MRICT - 104339
  • Pages: 175
  • Oct 2019
  • Formats*: PDF
  • Category: Information & Communications Technology

1. Introduction
    1.1. Market Definition
    1.2. Market Ecosystem
    1.3. Currency and Limitations
          1.3.1. Currency
          1.3.2. Limitations
    1.4. Key Stakeholders

2. Research Methodology
    2.1. Secondary Research
    2.2. Primary Research

3. Executive Summary

4. Market insights 
    4.1. Introduction 
    4.2. Market Dynamics 
          4.2.1. Drivers 
                    4.2.1.1. Surge in The Use of Voice Biometrics 
                    4.2.1.2. Integration of Voice-Enabled in-Car infotainment Systems
                    4.2.1.3. Proliferation of Voice-Enabled Devices 
          4.2.2. Restraints 
                    4.2.2.1. Lack of Accuracy in Regional Accents and Dialects Recognition 
                    4.2.2.2. Lack of Awareness 
          4.2.3. Opportunities 
                    4.2.3.1. High Growth Potential for AI-Enabled Voice Assistants in Healthcare Industry
                    4.2.3.2. Technological Advancements with Rising Acceptance of Connected Devices
          4.2.4. Challenges 
                    4.2.4.1. Inability to Overpower Ambient Noise
          4.2.5. Trends 
                    4.2.5.1. Growing Usage of Connected Device in Automotive and Home Automation

5. Speech and Voice Recognition Market, by Function Type 
    5.1. Introduction
    5.2. Speech Recognition
           5.2.1. Automatic Speech Recognition
           5.2.2. Text-to-Speech
    5.3. Voice Recognition
           5.3.1. Speaker Identification
           5.3.2. Speaker Verification 

6. Speech and Voice Recognition Market, by End User
    6.1. Introduction
    6.2. Automotive
    6.3. Healthcare
    6.4. BFSI
    6.5. Education
    6.6. Hospitality
    6.7. Government & Public Services
    6.8. Manufacturing / Enterprise 
    6.9. Retail & E-Commerce 
    6.10. Legal
    6.11. Consumer Electronics
    6.12. Military & Defence

7. Global Speech and Voice Recognition Market, by Technology 
    7.1. Introduction 
    7.2. Artificial intelligence (AI) 
    7.3. Non-Artificial intelligence (Non-AI) 

8. Global Speech and Voice Recognition Market, by Geography 
    8.1. Introduction 
    8.2. North America 
          8.2.1. U.S. 
          8.2.2. Canada
    8.3. Europe 
          8.3.1. Germany 
          8.3.2. U.K. 
          8.3.3. France 
          8.3.4. Italy 
          8.3.5. Spain 
          8.3.6. Rest of Europe 
    8.4. Asia Pacific 
          8.4.1. Japan 
          8.4.2. China 
          8.4.3. India 
          8.4.4. Rest of Asia Pacific 
    8.5. Latin America 
    8.6. Middle East & Africa 

9. Competitive Landscape 
    9.1. Competitive Growth Strategies
           9.1.1 New Product Launches 
           9.1.2. Mergers and Acquisitions
           9.1.3. Partnerships, Agreements, & Collaborations 
           9.1.4. Expansion
    9.2. Market Share Analysis, by Key Players

10. Company Profiles 
     10.1. Amazon.Com, Inc. 
     10.2. Apple, Inc. 
     10.3. Baidu 
     10.4. Google LLC 
     10.5. IBM Corporation 
     10.6. Iflytek 
     10.7. Microsoft Corporation 
     10.8. LumenVox LLC 
     10.9. Nuance Communications 
     10.10. Sensory, Inc. 
     10.11. Sestek 
     10.12. Dolbey Systems, Inc. 

11. Appendix 
      11.1. Questionnaire
      11.2. Available Customization 

List of Tables

Table 1 Global Speech and Voice Recognition Market Drivers: Impact Analysis (2018-2025)
Table 2 Global Speech and Voice Recognition Market Restraints: Impact Analysis (2018-2025)
Table 3 Global Speech and Voice Recognition Market Size, by Function Type, 2017-2025 (USD Million)
Table 4 Global Speech and Voice Recognition Market Size, by Country/Region, 2017-2025 (USD Million)
Table 5 Global Speech Recognition Market Size, by Function Type, 2017-2025 (USD Million)
Table 6 Global Speech Recognition Market Size, by Country/Region, 2017-2025 (USD Million)
Table 7 Global Automatic Speech Recognition Market Size, by Country/Region, 2017-2025 (USD Million)
Table 8 Global Text-to-Speech Market Size, by Country/Region, 2017-2025 (USD Million)
Table 9 Global Voice Recognition Market Size, by Function Type, 2017-2025 (USD Million)
Table 10 Global Voice Recognition Market Size, by Country/Region, 2017-2025 (USD Million)
Table 11 Global Speaker Identification Market Size, by Country/Region, 2017-2025 (USD Million)
Table 12 Global Speaker Verification Market Size, by Country/Region, 2017-2025 (USD Million) 
Table 13 Global Speech and Voice Recognition Market Size, by End-User, 2017-2025 (USD Million) 
Table 14 Global Speech and Voice Recognition Market Size, for Automotive, by Country/Region, 2017-2025 (USD Million)
Table 15 Global Speech and Voice Recognition Market Size, for Healthcare, by Country/Region, 2016-2023 (USD Million) 
Table 16 Global Speech and Voice Recognition Market Size, for BFSI, by Country/Region, 2017-2025 (USD Million)
Table 17 Global Speech and Voice Recognition Market Size, for Education, by Country/Region, 2017-2025 (USD Million) 
Table 18 Global Speech and Voice Recognition Market Size, for Hospitality, by Country/Region, 2017-2025 (USD Million) 
Table 19 Global Speech and Voice Recognition Market Size, for Government & Public Services, by Country/Region, 2017-2025 (USD Million) 
Table 20 Global Speech and Voice Recognition Market Size, for Manufacturing/Enterprise, by Country/Region, 2017-2025 (USD Million) 
Table 21 Global Speech and Voice Recognition Market Size, for Retail & E-Commerce, by Country/Region, 2017-2025 (USD Million) 
Table 22 Global Speech and Voice Recognition Market Size, for Legal, by Country/Region, 2017-2025 (USD Million) 
Table 23 Global Speech and Voice Recognition Market Size, for Consumer Electronics, by Country/Region, 2017-2025 (USD Million) 
Table 24 Global Speech and Voice Recognition Market Size for Military & Defense, by Country/Region, 2017-2025 (USD Million) 
Table 25 Global Speech and Voice Recognition Market Size, by Technology, 2017-2025 (USD Billion)
Table 26 Global Artificial Intelligence Market Size, by Country/Region, 2017-2025 (USD Billion) 
Table 27 Global Non-Artificial Intelligence Market Size, by Country/Region, 2017-2025 (USD Million)
Table 28 Global Speech and Voice Recognition Market Size, by Country, 2017-2025 (USD Million)
Table 29 North America: Speech and Voice Recognition Market Size, by Country, 2017-2025 (USD Million)
Table 30 North America: Speech and Voice Recognition Market Size, by Function Type, 2017-2025 (USD Million)
Table 31 North America: Speech Recognition Market Size, by Function Type, 2017-2025 (USD Million) 
Table 32 North America: Voice Recognition Market Size, by Function Type, 2017-2025 (USD Million)
Table 33 North America: Speech and Voice Recognition Market Size, by End-User Type, 2017-2025 (USD Million)
Table 34 North America: Speech and Voice Recognition Market Size, by Technology Type, 2017-2025 (USD Million)
Table 35 U.S.: Speech and Voice Recognition Market Size, by Function Type, 2017-2025 (USD Million) 
Table 36 U.S.: Speech Recognition Market Size, by Function Type, 2017-2025 (USD Million) 
Table 37 U.S.: Voice Recognition Market Size, by Function Type, 2017-2025 (USD Million) 
Table 38 U.S.: Speech and Voice Recognition Market Size, by End-User Type, 2017-2025 (USD Million) 
Table 39 U.S.: Speech and Voice Recognition Market Size, by Technology Type, 2017-2025 (USD Million) 
Table 40 Canada: Speech and Voice Recognition Market Size, by Function Type, 2017-2025 (USD Million)
Table 41 Canada: Speech Recognition Market Size, by Function Type, 2017-2025 (USD Million) 
Table 42 Canada: Voice Recognition Market Size, by Function Type, 2017-2025 (USD Million) 
Table 43 Canada: Speech and Voice Recognition Market Size, by End-User Type, 2017-2025 (USD Million) 
Table 44 Canada: Speech and Voice Recognition Market Size, by Technology Type, 2017-2025 (USD Million) 
Table 45 Europe: Speech and Voice Recognition Market Size, by Country, 2017-2025 (USD Million) 
Table 46 Europe: Speech and Voice Recognition Market Size, by Function Type, 2017-2025 (USD Million)
Table 47 Europe: Speech Recognition Market Size, by Function Type, 2017-2025 (USD Million)
Table 48 Europe: Voice Recognition Market Size, by Function Type, 2017-2025 (USD Million) 
Table 49 Europe: Speech and Voice Recognition Market Size, by End-User, 2017-2025 (USD Million) 
Table 50 Europe: Speech and Voice Recognition Market Size, by Technology Type, 2017-2025 (USD Million)
Table 51 Germany: Speech and Voice Recognition Market Size, by Function Type, 2017-2025 (USD Million) 
Table 52 Germany: Speech Recognition Market Size, by Function Type, 2017-2025 (USD Million) 
Table 53 Germany: Voice Recognition Market Size, by Function Type, 2017-2025 (USD Million)
Table 54 Germany: Speech and Voice Recognition Market Size, by End-User, 2017-2025 (USD Million) 
Table 55 Germany: Speech and Voice Recognition Market Size, by Technology Type, 2017-2025 (USD Million)
Table 56 U.K.: Speech and Voice Recognition Market Size, by Function Type, 2017-2025 (USD Million) 
Table 57 U.K.: Speech Recognition Market Size, by Function Type, 2017-2025 (USD Million)
Table 58 U.K.: Voice Recognition Market Size, by Function Type, 2017-2025 (USD Million)
Table 59 U.K.: Speech and Voice Recognition Market Size, by End-User, 2017-2025 (USD Million) 
Table 60 U.K.: Speech and Voice Recognition Market Size, by Technology Type, 2017-2025 (USD Million)
Table 61 France: Speech and Voice Recognition Market Size, by Function Type, 2017-2025 (USD Million) 
Table 62 France: Speech Recognition Market Size, by Function Type, 2017-2025 (USD Million)
Table 63 France: Voice Recognition Market Size, by Function Type, 2017-2025 (USD Million) 
Table 64 France: Speech and Voice Recognition Market Size, by End-User, 2017-2025 (USD Million) 
Table 65 France: Speech and Voice Recognition Market Size, by Technology Type, 2017-2025 (USD Million) 
Table 66 Italy: Speech and Voice Recognition Market Size, by Function Type, 2017-2025 (USD Million) 
Table 67 Italy: Speech Recognition Market Size, by Function Type, 2017-2025 (USD Million)
Table 68 Italy: Voice Recognition Market Size, by Function Type, 2017-2025 (USD Million)
Table 69 Italy: Speech and Voice Recognition Market Size, by End-User, 2017-2025 (USD Million)
Table 70 Italy: Speech and Voice Recognition Market Size, by Technology Type, 2017-2025 (USD Million) 
Table 71 Spain: Speech and Voice Recognition Market Size, by Function Type, 2017-2025 (USD Million) 
Table 72 Spain: Speech Recognition Market Size, by Function Type, 2017-2025 (USD Million)
Table 73 Spain: Voice Recognition Market Size, by Function Type, 2017-2025 (USD Million)
Table 74 Spain: Speech and Voice Recognition Market Size, by End-User, 2017-2025 (USD Million) 
Table 75 Spain: Speech and Voice Recognition Market Size, by Technology Type, 2017-2025 (USD Million)
Table 76 Rest of Europe: Speech and Voice Recognition Market Size, by Function Type, 2017-2025 (USD Million) 
Table 77 Rest of Europe: Speech Recognition Market Size, by Function Type, 2017-2025 (USD Million) 
Table 78 Rest of Europe: Voice Recognition Market Size, by Function Type, 2017-2025 (USD Million) 
Table 79 Rest of Europe: Speech and Voice Recognition Market Size, by End-User, 2017-2025 (USD Million)
Table 80 Rest of Europe: Speech and Voice Recognition Market Size, by Technology Type, 2017-2025 (USD Million)
Table 81 Asia Pacific: Speech and Voice Recognition Market Size, by Country, 2017-2025 (USD Million)
Table 82 Asia Pacific: Speech and Voice Recognition Market Size, by Function Type, 2017-2025 (USD Million)
Table 83 Asia Pacific: Speech Recognition Market Size, by Function Type, 2017-2025 (USD Million)
Table 84 Asia Pacific: Voice Recognition Market Size, by Function Type, 2017-2025 (USD Million)
Table 85 Asia Pacific: Speech and Voice Recognition Market Size, by End-User, 2017-2025 (USD Million)
Table 86 Asia Pacific: Speech and Voice Recognition Market Size, by Technology Type, 2017-2025 (USD Million)
Table 87 Japan: Speech and Voice Recognition Market Size, by Function Type, 2017-2025 (USD Million)
Table 88 Japan: Speech Recognition Market Size, by Function Type, 2017-2025 (USD Million)
Table 89 Japan: Voice Recognition Market Size, by Function Type, 2017-2025 (USD Million)
Table 90 Japan: Speech and Voice Recognition Market Size, by End-User, 2017-2025 (USD Million)
Table 91 Japan: Speech and Voice Recognition Market Size, by Technology Type, 2017-2025 (USD Million)
Table 92 China: Speech and Voice Recognition Market Size, by Function Type, 2017-2025 (USD Million)
Table 93 China: Speech Recognition Market Size, by Function Type, 2017-2025 (USD Million)
Table 94 China: Voice Recognition Market Size, by Function Type, 2017-2025 (USD Million) 
Table 95 China: Speech and Voice Recognition Market Size, by End-User, 2017-2025 (USD Million)
Table 96 China: Speech and Voice Recognition Market Size, by Technology Type, 2017-2025 (USD Million) 
Table 97 India: Speech and Voice Recognition Market Size, by Function Type, 2017-2025 (USD Million) 
Table 98 India: Speech Recognition Market Size, by Function Type, 2017-2025 (USD Million)
Table 99 India: Voice Recognition Market Size, by Function Type, 2017-2025 (USD Million) 
Table 100 India: Speech and Voice Recognition Market Size, by End-User, 2017-2025 (USD Million) 
Table 101 India: Speech and Voice Recognition Market Size, by Technology Type, 2017-2025 (USD Million) 
Table 102 Rest of Asia Pacific: Speech and Voice Recognition Market Size, by Function Type, 2017-2025 (USD Million)
Table 103 Rest of Asia Pacific: Speech Recognition Market Size, by Function Type, 2017-2025 (USD Million)
Table 104 Rest of Asia Pacific: Voice Recognition Market Size, by Function Type, 2017-2025 (USD Million)
Table 105 Rest of Asia Pacific: Speech and Voice Recognition Market Size, by End-User, 2017-2025 (USD Million)
Table 106 Rest of Asia Pacific: Speech and Voice Recognition Market Size, by Technology Type, 2017-2025 (USD Million)
Table 107 Latin America: Speech and Voice Recognition Market Size, by Function Type, 2017-2025 (USD Million)
Table 108 Latin America: Speech Recognition Market Size, by Function Type, 2017-2025 (USD Million)
Table 109 Latin America: Voice Recognition Market Size, by Function Type, 2017-2025 (USD Million) 
Table 110 Latin America: Speech and Voice Recognition Market Size, by End-User, 2017-2025 (USD Million)
Table 111 Latin America: Speech and Voice Recognition Market Size, by Technology Type, 2017-2025 (USD Million)
Table 112 Middle East & Africa: Speech and Voice Recognition Market Size, by Function Type, 2017-2025 (USD Million)
Table 113 Middle East & Africa: Speech Recognition Market Size, by Function Type, 2017-2025 (USD Million)
Table 114 Middle East & Africa: Voice Recognition Market Size, by Function Type, 2017-2025 (USD Million) 
Table 115 Middle East & Africa: Speech and Voice Recognition Market Size, by End-User, 2017-2025 (USD Million) 
Table 116 Middle East & Africa: Speech and Voice Recognition Market Size, by Technology Type, 2017-2025 (USD Million)
Table 117 Number of Developments by the Major Players During 2015-2019
Table 118 New Product Launches
Table 119 Mergers and Acquisitions 
Table 120 Partnerships, Agreements, & Collaborations


List of Figures

Figure 1 Research Process
Figure 2 Key Executives interviewed 
Figure 3 Primary Research Techniques
Figure 4 Market Size Estimation
Figure 5 Key Adopters of Speech and Voice Recognition Technology
Figure 6 Speech Recognition Dominate the Global Speech and Voice Recognition Market 
Figure 7 Automotive Sector Dominates the Global Speech and Voice Recognition Market 
Figure 8 Artificial Intelligence Dominates the Global Speech and Voice Recognition Market 
Figure 9 Speech and Voice Recognition Market Overview: 2019-2025
Figure 10 Global Speech and Voice Recognition Market Share, by Geography, 2018
Figure 11 Global Speech and Voice Recognition Market Size, by Function Type, 2019-2025 (USD Million)
Figure 12 Global Speech and Voice Recognition Market Size, by End-User, 2019-2025 (USD Million)
Figure 13 Global Speech and Voice Recognition Market Size, by Technology, 2019-2025 (USD Billion)
Figure 14 Global Speech and Voice Recognition Market Size, by Region, 2019-2025 (USD Million)
Figure 15 North America: Speech and Voice Recognition Market Size, by Country, 2019-2025 (USD Million)
Figure 16 Europe: Speech and Voice Recognition Market Size, by Country, 2019-2025 (USD Million) 
Figure 17 Asia Pacific: Speech and Voice Recognition Market Size, by Country, 2019-2025 (USD Million)
Figure 18 Growth Strategies Adopted by The Key Players
Figure 19 Global Speech and Voice Recognition Market size, by Key Players, 2018
Figure 20 Amazon.Com, Inc.: Financial Overview (2016-2018)
Figure 21 Apple, Inc.: Financial Overview (2016-2018) 
Figure 22 Baidu: Financial Overview (2016-2018) 
Figure 23 Google LLC: Financial Overview (2016-2018) 
Figure 24 IBM Corporation: Financial Overview (2016-2018) 
Figure 25 Iflytek: Financial Overview (2015-2017) 
Figure 26 Microsoft Corporation: Financial Overview (2016-2018)
Figure 27 Nuance Communications: Financial Overview (2016-2018)

The global speech and voice recognition market is expected to grow at a CAGR of 17.2% from 2019 to reach $26.79 billion by 2025, where Asia Pacific speech and voice recognition market is expected to grow at the highest CAGR. Voice and speech recognition technologies authorize contactless control to several devices and equipment that delivers input for automatic translation and generates print-ready dictation. The speech recognition devices have the capability to respond to voice commands.

The growth of the overall speech and voice recognition market is primarily driven by factors, such as rising acceptance of advanced technology together with increasing consumer demand for smart devices, a growing sense of personal data safety and security, and increasing usage of voice-enabled payments and shopping by retailers. Furthermore, consistent proliferation of advanced technologies, such as artificial intelligence, and machine learning, speedy expansion of smart devices market, and increasing willingness to employ voice assistants at websites or physical shops are also contributing to the growth of speech and voice recognition technologies market. However, high cost of voice or speech-enabled smart devices and reluctance towards adopting smart technologies, especially in elderly consumers is the biggest hindrance for market growth.

Rising Demand for High-level Voice Biometric Security Fuels the Growth of the Global Voice Recognition Market

Consistently increasing demand for high-level security technologies, predominantly among BFSI consumers to provide effective risk management and combat instances of frauds and identity theft has augmented the adoption of voice biometric technologies. The technology delivers enhanced personalized customer experience by enabling simple and secure authentication for several applications, such as mobile banking authentication, e-banking or app-based transaction security, and transparent conversational authentication. This technology is further evolving at a rapid pace.

According to Conversational Commerce Report, 2018 from Capgemini Digital Transformation Institute, nearly 28% of the active banking and insurance service users are currently using a voice assistant to make a transaction in the U.S., U.K., France, and Germany. An increasing number of players from the banking industry are deploying voice assistants for various applications. For instance, Capita One, a pioneer in espousing voice recognition technology in the BFSI sector launched an Amazon Alexa Skill that permits the consumer to access account information and accomplish transactions with fast, precise, and secured means through voice commands.

Technological Advancements to launch Voice-Based Product Purchases are Promoting the Global Voice and Speech Recognition Market Growth

Advancements in voice recognition technology are increasingly driving their applications for voice shopping. Companies are working with tech platforms, such as Google Assistant, and Amazon Alexa to develop suitable solutions for the market, thereby encouraging market growth. Some of the existing applications of voice assistants in this area include purchasing groceries, apparels, homecare, and electronic appliances, and ordering meals from restaurants, among others.

According to Conversational Commerce Report, 2018 by Capgemini Digital Transformation Institute, almost 51% of consumers are already using voice assistants via smartphones (81%) for making purchases in the U.S., U.K., France, and Germany. Furthermore, consumers from aforementioned countries have accepted voice assistant for a variety of functions including 82% for seeking information; 67% for playing music; 35% for purchasing products like groceries, homecare, home furnishing, and clothes; 52% for buying electronics; and 56% for ordering meals. Further growth in incorporation of voice assistants for such applications provides significant growth potential for voice recognition solutions.

speech and voice recognition market

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Key Findings in the Global Speech and Voice Recognition Market Study:

Widening Applications of Speech Recognition with AI to Drive the Overall Speech and Voice Recognition Market Growth

Speech recognition is a key strategic cost-effective technology which should be assembled in all connected devices that will adopt artificial intelligence (AI) to provide unique experiences to users by providing context‐consciousness to their digital assistants. As the application of AI in autonomous and connected cars, smart home, smart speaker, smartphones, smart wearable gadgets, and smartphones grows, the global voice and speech recognition market will maintain the momentum of exponential growth.

Healthcare Sector is Expected to Spearhead the Speech and Voice Recognition Industry Growth

Voice recognition technology provides a cost-effective and precise identity verification solution. It can easily be integrated with different healthcare equipment and platforms to enable secure authentication. Similarly, voice and speech recognition technologies also enable doctors to translate their voice into text, which is then documented in advanced electronic health record system. Currently, a number of companies are working towards developing voice-enabled devices for the healthcare industry. This, along with the growing adoption of voice or speech-enabled EMRs is expected to drive the healthcare industry to register the fastest growth in the voice and speech recognition market over the coming years.

Powering up with Artificial Intelligence (AI), Voice and Speech Recognition Technologies are Witnessing a Robust Growth

The artificial intelligence (AI) technology is at the cutting edge of being the next technological revolution that will essentially transform the society for betterment. AI helps to enhance the utility of any data or technology by identifying and eliminating fraudulent transactions, incorporating self-operating and self-regulating environment, and enabling predictive model with low maintenance cost. Incorporation of AI with voice and speech recognition technologies helps in building a robust customer or user insight driven platform. Being a self-learning platform, AI enabled solutions also help to enhance language processing capabilities of voice and speech recognition solutions. Such benefits are increasingly transforming the market landscape with number of vendors increasingly incorporating AI in their solution offerings.

Asia Pacific: The Fastest Growing Market

Asia Pacific region is presently experiencing notable growth in several industries including automotive, consumer electronics, healthcare, education, BFSI, and retail. While this growth is largely driven by the economic growth and increasing spending power, it is also contributing to the technological evolution of several industries in the region.

Growing demand for connected cars, smart technologies, and high-level secured authentication devices; increasing adoption of teaching aid and evaluation systems especially in China; and increasing usage of smart devices such as smartphones and smart speakers by young consumer groups are driving Asia Pacific region to register the accelerated growth in the global voice and speech recognition market over the coming years.

Key Players

The major players operating in the global speech and voice recognition market are Nuance Communications (U.S.), Google LLC (U.S.), Apple, Inc. (U.S.)., Amazon.com, Inc. (U.S.), Microsoft Corporation (U.S.), IBM Corporation (U.S.), iFlytek (China), Baidu (China), LumenVox LLC (U.S.), Sensory, Inc. (U.S.), Sestek (Turkey), and Dolbey Systems, Inc. (OH), among others.

Scope of the Report:

Market by Function

  • Speech Recognition
    • Automatic Speech Recognition
    • Text to Speech
  • Voice Recognition
    • Speaker Identification
    • Speaker Verification

Market by End-User

  • Automotive
  • Healthcare
  • BFSI
  • Education
  • Hospitality
  • Government and Public Services
  • Manufacturing/Enterprises
  • Retail and E-Commerce
  • Legal
  • Consumer Electronics
  • Military andDefense

Market by Technology

  • Artificial Intelligence
  • Non-Artificial Intelligence

 Market by Geography:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of the Europe
  • AsiaPacific
    • India
    • China
    • Australia And New Zealand
    • Japan
    • Rest of AsiaPacific
  • Latin America
  • Middle East and Africa

Key questions answered in the report:

Growing use of voice biometric systems will propel the speech and voice recognition market

  • What factors are responsible for the increasing demand forvoice-enables biometric security systems?
  • Who are the major players in the voice recognition marketand what strategies do they employ?
  • How voice biometric system can help to reduce issues associated with access control?

Increasing integration of voice-enabled in-car infotainment systems are witnessing a healthy growth across the global speech and voice recognition market

  • How will recent or ongoing technological developments in the automotive industry affect the voice and speech recognition technologies market?
  • What strategies are being adopted by the key players in various regions/countries?
  • Which geographic segment is expected to experience the fastest growth in terms of smart speaker adoption?

Speech and Voice Recognition market holds significant growth opportunities in developing countries

  • Which geographic region is expected to experience the fastest growth rate?
  • What factors are contributing to the rapid expansions in the developing countries?
  • What are the geographical trends and high growth rate regions/countries?

Recent partnerships, acquisitions, and expansions have taken place in the global speech and voice recognition market

  • What companies have recently merged/acquired and how will these affect the competitive landscape of the speech and voice recognition market?
  • What companies have created partnerships and how will these partnerships promote a competitive benefit?
  • Who are the key players in the global voice and speech recognition market and what share of the market do they hold?
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Tags: speech recognition Voice Recognition Market Smart Technologies smart home smart speaker virtual assistant Artificial Intelligence
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