Le Lézard
Classified in: Science and technology
Subject: SVY

Global Voice and Speech Recognition Markets, Analysis 2011-2018 & Forecasts 2019-2024


DUBLIN, May 17, 2019 /PRNewswire/ -- The "Voice and Speech Recognition Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.

Research and Markets Logo

The global voice and speech recognition market is expected to grow at a CAGR of 17% during 2019-2024

Voice and speech recognition refers to an authentication technology which assists in receiving and interpreting the human voice and carrying out the spoken commands. This technology primarily works on the principle of translating commands into electrical signals, converting them into coding patterns and sending them back to the device in digital format for the final execution.

While it was developed several decades earlier, this technology has recently been introduced in mobile devices and other consumer electronics owing to the advancements in processing capabilities and improvements in network connectivity.

This trend, coupled with the rising use of artificial intelligence (AI) and virtual assistants, such as Apple Siri, Amazon Alexa, Google Assistant, etc. has proliferated the demand for this software in the electronics industry.

Global Voice and Speech Recognition Market Drivers:

On account of changing lifestyles, rising internet penetration, and increasing consumers' spending on media, entertainment and mobile communication, there has been a rise in the sales of electronic devices, such as tablets, laptops and smartphones, which have voice and speech recognition software pre-installed in them. Moreover, in order to retain their position in the market, various developers are upgrading speech and voice recognition software and introducing innovative products.

For instance, Google has recently announced to launch Google Duplex which can conduct natural conversation with users and help them in booking their reservations. Apart from this, due to increasing road accidents, governments across the globe have implemented stringent road safety regulations for averting the utilization of mobiles while driving. As a result, users are now preferring to utilize voice commands for carrying out different tasks on their mobile devices while driving.

Further, with the growing concern for safety and need for a strong verification process in mobile banking, a large number of banks are now adopting voice-based authentication solutions for accepting transactions which, in turn, is creating a positive outlook for the market.

Key Questions Answered in This Report:

Key Topics Covered:

1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.4 Market Estimation
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Voice and Speech Recognition Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Technology
5.4 Market Breakup by Deployment Mode
5.5 Market Breakup by Delivery Methods
5.6 Market Breakup by End-Use
5.7 Market Breakup by Region
5.8 Market Forecast

6 Market Breakup by Technology
6.1 Voice Recognition
6.2 Speech Recognition

7 Market Breakup by Deployment Mode
7.1 On Cloud
7.2 On-Premises/Embedded

8 Market Breakup by Delivery Methods
8.1 Artificial Intelligence (AI) Based
8.2 Non-Artificial Intelligence Based

9 Market Breakup by End-Use
9.1 Automotive
9.2 Enterprise
9.3 Consumer
9.4 Banking, Financial Services, and Insurance (BFSI)
9.5 Government
9.6 Retail
9.7 Healthcare
9.8 Others

10 Market Breakup by Region
10.1 North America
10.2 Europe
10.3 Asia Pacific
10.4 Middle East and Africa
10.5 Latin America

11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats

12 Value Chain Analysis

13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 Price Analysis

15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Nuance Communication
15.3.2 Microsoft
15.3.3 Google Inc.
15.3.4 IBM
15.3.5 Baidu Inc.
15.3.6 Facebook Inc.
15.3.7 Apple Inc.
15.3.8 Amazon Inc.
15.3.9 Advanced Voice Recognition Systems
15.3.10 M2SYSLLC
15.3.11 Sensory
15.3.12 BioTrust ID B.V.
15.3.13 Voicebox Technologies

For more information about this report visit https://www.researchandmarkets.com/r/sngso2

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:


Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com   

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets


These press releases may also interest you

at 15:30
WHAT:  News media representatives are invited to attend the second annual statewide coding challenge tomorrow for elementary school age children ? part of the C Spire Tech Movement initiative designed to encourage and inspire students to pursue an...

at 15:30
A study published in the journal Nature Communications reveals that cells of a fungal pathogen and cells from the host's immune system engage in a tightly coordinated dance of gene expression as the fungus seeks to launch an infection and the host...

at 15:25
The Castle Group, Inc. has rebranded as Castle Hospitality Group to better reflect its position as a cutting-edge, innovative hospitality company that uses technology to differentiate itself from competitors. The rebrand is a direct result of the...

at 15:21
AppLearn, the global specialists in Digital Adoption Solutions, today announced it has secured a significant investment led by California-based K1 Investment Management ("K1"), a leading investment firm focusing on high-growth enterprise software...

at 15:15
Baffle, Inc., an advanced data protection company, today announced it was recognized by Gartner as a 2019 Cool Vendor in Privacy Preservation in Analytics1. According to Gartner, "The vendors in this research all apply unique and novel approaches to...

at 15:11
The Reporters Committee for Freedom of the Press has appointed Shannon Jankowski its first E.W. Scripps Fellow for Press Freedom. The two-year fellowship, established through the support of The E.W. Scripps Company , focuses on supporting local...



News published on 17 may 2019 at 19:00 and distributed by: