Oct 17, 2019 (The Expresswire) -- Automatic Content Recognition Industry 2019- Global Market Research report includes a comprehensive analysis of the Automatic Content Recognition Market size, growth, and share, trends, consumption, sections, application and Forecast 2024.
The "Automatic Content Recognition Market"2019 research provides a basic overview of the industry including definitions, classifications, applications and industry chain structure.
The Global Automatic Content Recognition market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status.
This report also states import/export consumption, supply and demand Figures, cost, price, revenue and gross margins.
TopManufacturersListed inthe Automatic Content Recognition Market Report are:
Likely, the report also focuses on global major manufacturers of Automatic Content Recognition market providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information.
Market Highlights:According to a new report by Market Research Future (MRFR), global speech recognition market is expected to reach USD 16 billion at 16% CAGR over the forecast period (2017-2023).
The ability to deliver accurate authentication sets voice apart as a preferred authentication method for online transactions.
The mobile voice recognition technique facilitates clinicians to convert their voice into a detailed clinical description which is recorded in Electronic Health Record (EHR) System.
The global market is anticipated to expand at a significant rate during the forecast period owing to the advancements in technology and is escalating usage.Key PlayersSome of the prominent players operating the global Speech Recognition Market are Nuance Communications Inc. (U.S.), VoiceBox Technologies Corp. (U.S.), Microsoft Corporation (U.S.), VoiceVault (U.S.), Agnitio SL (Spain), and others.
Among these, artificial intelligence is expected to gain momentum as the system transforms speech into well-structured algorithms by undergoing certain stages such as formulation, representation of speech units, development of recognition algorithms, and demonstration of correct inputs.
Besides, the non-artificial market accounted for the majority of overall share and is predicted to lose its market soon by the end of the review period.The market has been further segmented into military, automotive, finance, government, media & entertainment, healthcare, and others on the basis of verticals where healthcare is expected to showcase the largest market share.Market Research Analysis:The global market for speech recognition is spanned across regions such as Europe, North America, Asia Pacific, and Rest-of-the-World (RoW).North America is one of the leading regions globally owing to the security application in inter-connected and digital devices which is expanding the market growth in this region.
Market ScenarioAccording to a new report by Market Research Future (MRFR), global speech recognition market is expected to reach USD 16 billion at 16% CAGR over the forecast period (2020-2027).
The ability to deliver accurate authentication sets voice apart as a preferred authentication method for online transactions.
Artificial intelligence speech recognition is extensively used in healthcare and automotive sector.
Moreover, the manufacturers are focusing on innovations in their products with the help of voice recognition which will drive the market growth.Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/1815Some of the voice recognition programs is equipped with limited decoding capabilities and lack the ability to understand the context of the language and interpret the content.
Besides, the non-artificial market accounted for the majority of overall share and is predicted to lose its market soon by the end of the review period.The market has been further segmented into military, automotive, finance, government, media & entertainment, healthcare, and others on the basis of verticals where healthcare is expected to showcase the largest market share.Regional AnalysisThe global market for speech recognition is spanned across regions such as Europe, North America, Asia Pacific, and Rest-of-the-World (RoW).North America is one of the leading regions globally owing to the security application in inter-connected and digital devices which is expanding the market growth in this region.
Asia Pacific countries such as India, Japan, and China are a part of the emerging regions in speech recognition market and is expected to grow at the highest CAGR in the years to come due to the presence of a large number of key players.The growth in customer care services in banks, travel, hospitality, and telecom contributes to the growth of the market to combat fraudulent activities in these sectors.
