According to MarkNtel Advisors study the Global Voice and Speech Recognition Market is projected to grow at a CAGR of more than 20% during the forecast period, i.e., 2023-28.
“In case you missed it, we are currently revising our reports. Click on the below to get the most latest research data with forecast for years 2024 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.”
Access Free Sample Report – https://www.marknteladvisors.com/query/request-sample/voice-and-speech-recognition-market.html
Key Findings of the Study: Voice and Speech Recognition market
Global Voice and Speech Recognition Market Key Driver:
Successive Use of Voice and Speech Recognition in Healthcare Setups – Typing reports, making notes, data entry, and maintaining records have become smooth with the introduction of voice and speech recognition in the medical industry. Thus, healthcare professionals are leaning more toward Natural Language Processing (NLP) algorithm-based voice recognition software solutions. With such solutions, doctors and other healthcare professionals can dedicate more time to patient care instead of writing notes manually since such software makes it easier for doctors to synchronize their notes with electrical health records (HER). Given such benefits, the acknowledgment of the need for voice and speech recognition software is anticipated to boost in the future, thus influencing the industry’s growth.
Global Voice and Speech Recognition Market Growth Opportunity:
Substantial Shift in Consumer Buying Behavior – Consumers have demonstrated a massive behavioral shift in terms of buying methods. Switching to e-shopping has provided consumers an edge over traditional ways in terms of convenience. The new shopping methods have become even more indulging with the introduction of voice assistants. Various tasks related to e-shopping can be made easy with voice assistant features, including searching for products, filtering the list, creating a shopping list, and setting a reminder to buy later. In addition, adding items to the shopping cart, making a purchase, checking availability, checking the status of an order, and providing feedback have become hassle-free with voice assistance. With the ever-lucrative wave of e-commerce, voice assistant applications would experience a surge in their usage, thus creating a plethora of opportunities for tech giants to come up with more innovative applications.
For more detailed information about the Voice and Speech Recognition market report, click here – https://www.marknteladvisors.com/research-library/voice-and-speech-recognition-market.html
Scope of the Report and Voice and Speech Recognition Market Segmentation:
By Function
- Voice Recognition
- Speaker identification
- Speaker verification
- Speech Recognition
- Automatic speech recognition
- Text to speech
By Technology
- Artificial Intelligence Based
- Non-Artificial Intelligence Based
Between the two, the Artificial Intelligence-Based Voice and Speech Recognition segment is expected to attain faster growth during the forecast period.
By End-Users
- Automotive
- Banking Finance Services & Insurance (BFSI)
- Education
- Enterprise
- Government
- Healthcare
- Legal
- Military
- Retail
- Other
Voice and Speech Recognition Market Competitive Landscape
- Advanced Voice Recognition Systems, Inc.
- Agnitio S.L. (subsidiary of Nuance Communications Inc.)
- com, Inc.
- Anhui USTC iFlytek Co., Ltd.
- Apple Inc.
- Baidu, Inc
- BioTrust ID B.V.
- Google LLC
- International Business Machines Corporation
- M2Sys LLC.
- LumenVox LLC
- Microsoft Corporation
- M*Modal, Inc.
- Nuance Communication, Inc
- Raytheon Company
Geographical Analysis:
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Here, Asia-Pacific is currently going through notable growth within several industries, including AI, consumer electronics.
Note: If you require specific information not covered in the current report, we can provide it through customized option
Why choose Us?
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
For Media Inquiries, Please Contact:
Call: +1 628 895 8081 | +91 120 4278433
Email: sales@marknteladvisors.com
Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511
Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India