Global Speech and Voice Recognition Market Business Growth Hacking Strategies By 2025 – Key Players Analysis (Nuance Communications, Microsoft, Hoya, Raytheon, VoiceVault, Apple, Mercedes-Benz USA)

Data Bridge Market Research always aims at offering their clients an in-depth analysis and the best research material of the Global Market. This new report on the Global Speech and Voice Recognition Market is committed to fulfilling the requirements of the clients by giving them thorough insights into the market. An exclusive data offered in this Speech and Voice Recognition Market report is collected by research and industry experts.

Global Speech and Voice Recognition Market report covers scope and product overview to define the key terms and offers detailed information about market dynamics to the readers. This is followed by the regional outlook and segmental analysis. The report also consists of the facts and key values of the Global Speech and Voice Recognition Market in terms of sales and volume, revenue and its growth rate.

Market Analysis: Global Speech and Voice Recognition Market

Global Speech and Voice Recognition Market is expected to reach USD 6,770.21 Million by 2025 from USD 1,095.00 Million in 2017, at a CAGR of 25.7% in the forecast period 2018 to 2025.

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Benefits of the report for Global Speech and Voice Recognition Market

• What are the challenges being faced by the new entrants In Information and Communication Technology Industry
• Drivers and restrains of the Speech and Voice Recognition market
• Key developments in the Speech and Voice Recognition market
• Speech and Voice Recognition Market volume

Key Insights in the report:

• Complete and distinct analysis of the market drivers and restraints
• Key Market players involved in this industry
• Detailed analysis of the Market Segmentation
• Competitive analysis of the key players involved

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TABLE OF CONTENTS

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Market segmentation analysis

PART 05: PIPELINE ANALYSIS

• Pipeline analysis

PART 06: MARKET SIZING

• Market definition
• Market sizing
• Market size and forecast

PART 07: FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 08: MARKET SEGMENTATION

• Segmentation
• Comparison
• Market opportunity

PART 09: CUSTOMER LANDSCAPE

PART 10: REGIONAL LANDSCAPE

• Geographical segmentation
• Regional comparison
• North America
• South America
• Europe
• MEA
• APAC
• Market opportunity

PART 11: DECISION FRAMEWORK

PART 12: DRIVERS AND CHALLENGES

• Market drivers
• Market challenges

PART 13: MARKET TRENDS

PART 14: VENDOR LANDSCAPE

• Overview
• Landscape disruption

PART 15: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors

PART 16: APPENDIX

• List of abbreviations

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Drivers: Global Speech and Voice Recognition Market

INCREASING DEMAND FOR VOICE AUTHENTICATION IN MOBILE APPLICATIONS

The network connectivity and computing power in automobiles, mobile phones, and other mobile devices has led to an eruption of applications and services for consumers. Applications such as Maps, navigation, the arrival of social networking sites such as Twitter and Facebook, email, web search, games, and music and video content posed many user interface challenges to designers. For instance, during the travel time the users are not always able to keep their eyes and hands on the device at certain places and situations such as, working out at the health club, and while driving a car. To overcome these challenges, the developers have then decided to improve the user’s experience, by designing predictive text, touchscreens, and speech technology. A speech technology such as speech recognition has been in use for mobile applications.

INCREASED DEMAND FOR VOICE AND SPEECH-BASED BIOMETRIC SYSTEMS

The speech-based biometric are progressively increasing in society. Due to arrival of speech-based biometric systems the user need not to remember password or a PIN. A voice-based biometric systems converts each spoken word into numerous dominant frequencies. The wave that is formed by a user’s speech produces an electrical signal output from the microphone. The application of this technology is mainly for security use in banking and trading, e-Commerce, insurance use, health use, network security. The companies that are developing voice and speech based biometric systems are Microsoft that deals in application namely Azure for speaker recognition, Uniphore, Nuance Communication, VoiceVault, Sensory and among others. Voice biometric technology for authentication purpose is considered as convenient and accurate. The rapid development and increased usage of automated applications for finances and E-commerce has increased the concern over reliability, high-security, and non-intrusive methods for personal authentication. Speaker recognition technology is one of the technologies included in analysing and modelling the voiceprints is now playing a vital role in the society

Competitors/Players: Global Speech and Voice Recognition Market

• Nuance Communications,
• Microsoft,
• Hoya,
• Raytheon,
• Sensory, Inc.,
• Anhui USTC iFLYTEK Co,
• VoiceVault,
• LumenVox,
• Acapela Group,
• VocalZoom,
• BioTrust,
• Voicebox Technologies Corporation,
• Cantab Research Limited,
• Apple,
• Mercedes-Benz USA,
• HARMAN International,
• Google,
• ReadSpeaker, a HOYA Speech Company,
• Pareteum Corporation NYSE American: TEUM,
• Advanced Voice Recognition Systems and others

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Market Segments: Global Speech and Voice Recognition Market

On the basis of geography, global speech and voice recognition market report covers data points for 28 countries across multiple geographies such as

• North America,
• South America,
• Europe,
• Asia-Pacific, and
• Middle East & Africa.

Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.     

Global Speech and Voice Recognition Market is segmented on the basis of delivery method into

• Artificial intelligence (AI) based, and
• Non-artificial intelligence based.

The global speech and voice recognition market is also segmented on the basis of technology into

• Voice recognition, and
• Speech recognition.

The voice recognition segment is further sub-segmented into

• speaker identification, and
• speaker verification

The speech recognition segment is further sub-segmented into

• automatic speech recognition, and
• text to speech

On the basis of end user the global speech and voice recognition market is further segmented into

• automotive,
• enterprise,
• consumer,
• banking,
• financial services, & insurance,
• government,
• retail,
• healthcare,
• military,
• legal,

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