Global Voice and Speech Recognition Market Research Report and Forecast 2021-2026
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Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group
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Report Description
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Report Description and Highlights
Report Description
Global Voice and Speech Recognition Market Outlook 2026: The latest report by IMARC Group titled “ Voice and Speech Recognition Market: Global Industry Trends, Share, Size, Growth, Opportunity and Fo recast 2021-2026 ” finds that the global voice and speech recognition market reached a value of US$ 9.9 Billion in 2020. Voice and speech recognition is a technology used in various devices such as smartphones, cars, and computers to receive and interpret the human voice and carry out spoken commands. It determines the identity of the speaker behind the voice and converts the commands into electrical signals, which are then transformed into coding patterns and sent back to the device in a digital format for final execution. At present, there are numerous virtual assistants that rely on speech recognition technologies like Amazon Alexa, Google Assistant, Apple Siri, and Microsoft Cortana. Request for a free sample: https://www.imarcgroup.com/voice-speech-recognition-market/requestsample
Report Description and Highlights
Report Description
Global Voice and Speech Recognition Market Trends: The market is primarily driven by the increasing sales of electronic devices, such as tablets, laptops and smartphones, with voice and speech recognition software capabilities. Besides this, various developers are introducing innovative products with upgraded speech and voice recognition software, representing another growth-inducing factor. For instance, Google has announced the launch of Google Duplex, which can conduct a natural conversation with users and help them book their reservations. Moreover, as governments of numerous countries have implemented stringent road safety regulations prohibiting the usage of mobile phones while driving to prevent road accidents, users are inclined toward the utilization of voice commands for carrying out different tasks on their mobile devices. This, along with changing lifestyles and rising internet penetration, is creating a positive market outlook across the globe.
Report Description and Highlights Report Description Market Summary: Breakup by Technology: • Voice Recognition • Speech Recognition Breakup by Deployment Mode: • On Cloud • On-Premises/Embedded Breakup by End-Use: • Automotive • Enterprise • Consumer • Banking, Financial Services, and Insurance (BFSI) • Government • Retail • Healthcare
Report Description and Highlights Report Description Breakup by Delivery Methods: • Artificial Intelligence (AI) Based • Non-Artificial Intelligence Based Breakup by Region: • North America • Asia Pacific • Europe • Middle East and Africa • Latin America Looking forward, IMARC Group expects the market to grow at a CAGR of 19.5% during 2021-2026.
Report Description and Highlights Report Description Competitive Landscape With Key players: • Nuance Communication • Microsoft • Google • IBM • Baidu • Facebook • Apple • Amazon • Advanced Voice Recognition Systems • M2SYSLLC • Sensory • BioTrust ID B.V • Voicebox Technologies View Report TOC, Figures and Tables: https://www.imarcgroup.com/voice-speech-recognition-market
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Report Description and Highlights
Report Description
© 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.
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