The "Speech Recognition Software Market Development Outlook" Study has been added to AMA repository. The study envisage detailed qualitative as well as quantitative market data insights and follows Industry benchmark classification and NAICS standards to built strong players coverage in the study.
Definition:
The speech recognition software is a computer program that allows users to converts human speech input, transcript it into text form, and interprets the voice. The software can be operated in the windows, android, iOS, and another device, it breaks down the audio of speech, analyzing each voice or sound by the use of algorithms to fit into the particular language. The software can be used in various industries with the growing technological advancement for better performance in the business operation providing efficiency, effectiveness, and reduced time.
What's Trending in Market:
- Integration of Artificial Intelligence in the Speech Recognition Software
- Rising Technological Advanacemsnt in the Speech Recognition Software
Challenges:
- Troubleshooting Problem with the Speech Recognition Software
Restraints:
- Privacy Related Issues with the Speech Recognition Software
Market Growth Drivers:
- Demand for the Speech Recognition Technology in Mobile Phones and Other Digital Devices
- Ease of Conversion of Text into the Speech Form While Driving Preventing the Hustle of Picking Up Phone for Task
Some of the major and emerging players identified are IBM (United States) Microsoft Corporation (United States), Apple Inc. (United States), Nuance Communications (United States), AT&T Inc. (United States), Raytheon BBN Technologie (United States), Sensory, Inc. (United States), Dolbey (United States), LumenVox (United States), Voxeo Corporation (United States).
Global Speech Recognition Software Market Development Scenario by Players
Ø Financials Information, Business Overview and Product Specification Matrix
Ø Patent Analysis Briefing* [if applicable]
Ø No. of Patents Issuance by Year / by Players / By Issuing Office
Ø Key Development – Product/Service Launch, Mergers & Acquisition, Joint Ventures
Speech Recognition Software Market Competition
Each company profiled in the research document is studied considering various factors such as product and its application portfolios, market share, growth potential, future plans, and development activity. Readers will be able to gain complete understanding and knowledge of the competitive landscape. Most importantly, the report sheds light on important strategies that key and emerging players are taking to maintain their ranking in the Global Speech Recognition Software Market. It shows how the market competition will change in the next few years and how players are preparing themselves to stay ahead of the curve.
Important Features that are under offering & key highlights of the report :
1) Is it possible to add more list of company and customize study as per our need?
Yes, we can add or profile new company as per client need in the report, provided it is available in our coverage list as mentioned in answer to Question 1 and after feasibility run final confirmation will be provided by research team checking the constraints related to difficulty of survey.
2) Can we narrow the available business segments?
Yes, depending upon the data availability and feasibility check by our Research Analyst, further breakdown in business segments by end use application or product type can be provided (If applicable) by Revenue Size or Volume*.
3) Can specific country of interest be added? What all regional slits covered with covid impact analysis?
Yes, Country level splits can be modified in the study as per objectives. Currently, research report gives special attention and focus on following regions with covid outbreak and impact analysis:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey & Rest of Middle East & Africa
** One country of specific interest can be included at no added cost. For inclusion of more regional segment quote will vary.
The Global Speech Recognition Software segments and Market Data Break Down are illuminated below:
by Type (Isolated Word Recognition, Keyword Spotting, Continuous Speech Recognition), Pricing Option (Monthly Subscription, Annual Subscription, One-Time License), Industry Verticals (Healthcare, Military, Automotive, Retail, Government, Education, BFSI, Other), Device (Windows, Android, IOS), Deployment (Cloud-based, Web-based), Features (Audio Capture, Automatic Transcription, Multi-Language, Speech-to-Text Analysis, Others)
With the multiple advantages of technology, cost and service, many major developed rapidly. They kept leading domestic market and on the other way actively developing international market and seizing market share, becoming the backbone of Global Speech Recognition Software industry. It is understood that currently domestic players has been massively used by operators in China.
***Sub Regions Included: North America [United States, Canada, Mexico], Asia-Pacific [China, India, Japan, South Korea, Australia, Indonesia, Malaysia, Philippines, Thailand, Vietnam], Europe [Germany, France, UK, Italy, Russia, Rest of Europe], South America [Brazil, Argentina, Rest of South America], Middle East & Africa [GCC Countries, Turkey, Egypt, South Africa, Rest of Middle East & Africa]
*** Unless until specified in Original TOC of Global Speech Recognition Software Market Study
To know more about the table of contents, you can click @ https://www.advancemarketanalytics.com/reports/8175-global-speech-recognition-software-market
Research Objectives
• To analyse and forecast the Global Speech Recognition Software market, in terms of value and volume.
• Which segment has the potential to gain the highest market share?
• To help decision maker from new offer perspective and benchmark existing marketing strategy.
• Correlate cost structure historical data with key business segments.
• Analyse marketing contribution and customer acquisition by up-selling and cross selling.
• Identifying Influencing factors keeping Global Speech Recognition Software Market Intense, factored with periodic analysis of CR4 & CR8 concentration ratio & HHI Index.
AMA also offers Custom Research services providing focused, comprehensive and tailored research according to clientele objectives. Thanks for reading this article; you can also get individual chapter wise section or region wise report like North America, Europe or Asia.
Stay up-to-date and exploit latest trends of Speech Recognition Software Market with latest edition released by AMA.
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June 21, 2019: The global voice and speech recognition software market size is anticipated to reach USD 31.82 billion by 2025 and it is anticipated to register a CAGR of 17.5% during the forecast period.
The market is anticipated to witness an upsurge in the adoption of voice activated systems, voice-enabled devices, and voice-enabled virtual assistant systems owing to the rising application in the banking and automobile sectors.
The escalating need to counter fraudulent activities and to enhance security in the banking sector is projected to boost the adoption of voice biometrics for user authentication.Automobile sector is expected to gain momentum owing to advancements in technology and emergence of innovative concepts such as autonomous and connected cars.
Integration of voice-activated software in future cars is anticipated to drive demand for technologies such as noise abatement for selectively ignoring driving and passenger noises for providing an error-free and seamless experience to the operator.Voice recognition is also a core technology widely used in healthcare sector to enhance the Electronic Health Record (EHR) systems by providing an ease to the doctor to speak and keep the records instead of manual typing or writing.
In 2018, the healthcare vertical held the largest market share and is expected to grow significantly over the forecast period.The report “Voice and Speech Recognition Software Market to 2025” is available now at https://www.radiantinsights.com/research/voice-and-speech-recognition-software-marketArtificial Intelligence (AI)-based voice and speech recognition software is expected to expand at a high CAGR owing to the continuous development of machine learning techniques and integration of connected devices with personal assistants.
For instance, Dragon Drive is a personal assistant developed by Nuance Communication Inc. that integrates various household appliances, cars, and smartphones that can be connected to a hub through the internet.
The Global Voice and Speech Recognition Software Market Report, with its in-depth industry analysis of the market, estimates the industry size bifurcated into segments and regions.
Besides, it sheds light on comprehensive competitive landscape of global market.
The study supplementary offers dashboard outline of the major players encompassing their fruitful marketing plans, recent developments, market contribution etc.
in both historic and the present contexts.Why Voice and Speech Recognition Software Report is Important to You:Voice and Speech Recognition Software Market Research Report includes various topics that will brief you about total industry Size, Key Market Drivers, Challenges, Growth Opportunities, Industry Share, Growth, Demand, Outlook etc.
Furthermore, it covers Covid-19 Impact , key market updates, the impact of regulations and technological updates in.
The report addresses the need to stay updated in this competitive market conditions and this provides and comprehensive data for making strategies and decision to stimulate the market growth and profitabilityRequest PDF Copy @ https://www.datalibraryresearch.com/sample-request/voice-and-speech-recognition-software-market-2317?utm_source=free_medium=60Major Prominent Key Vendors are: Advanced Voice Recognition Systems Inc.,,Agnitio S.L,Amazon, Inc.,Apple, Inc.,iFlytek Co., Ltd,Baidu, Inc.,BioTrust ID B.V,Castle Software, LLC.,Facebook, Inc.,Google, Inc.,IBM,LumenVox,M2SYS Technology,Microsoft Corporation,MModal Inc.,Nortex Holdings Inc.,Nuance Communications, Inc.,SemVox GmbH,Raytheon Technologies Corporation,Sensory Inc.,Voice Technologies Corporation,VoiceVault Inc.Segmentation:The research report has combined analysis of diverse factors that supplement market’s growth.
The global speech and voice recognition market size is estimated to reach USD 31.82 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 17.2% during the forecast period.
Demand for voice activated systems, voice-enabled devices, and voice-enabled virtual assistant systems is slated to increase over the coming years owing to rising applications in the banking and automobile sectors.
Soaring need to counter fraudulent activities and enhance security in the banking sector is accelerating the adoption of voice biometrics for the authentication of users.The automobile sector is expected to gain momentum in the near future owing to advancements in technology and emergence of innovative concepts such as autonomous and connected cars.
Increasing integration of voice-activated software in next generation cars is likely to stoke the growth of the market during the forecast period.Voice recognition is also a core technology widely used in the healthcare sector to enhance the electronic health record systems by providing an ease to doctors to speak and keep records instead of manual typing or writing.
In 2017, the healthcare sector held the largest share in the for voice and speech recognition software market.
It is poised to register healthy growth over the forecast period.AI-based voice and speech recognition software is projected to witness a high CAGR during the forecast period owing to continual development of machine learning techniques and integration of connected devices with personal assistants.
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.
