Global Voice And Speech Recognition Market Report By Technology (Speech Recognition And Voice Recognition), Application (Artificial Intelligence And Non-Artificial Intelligence), End User (Automotive, Enterprise, Finance, Consumer, Government, Retail, Healthcare, And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026
ID:VMR11210475
January 2020
Report Formats:
As per this study, the Global Voice and Speech Recognition Market was valued USD XX.X MN (by revenue) in 2018 and is anticipated to reach USD XX.X MN by 2025 with a CAGR of X.X%.
Voice recognition is a technique in computing technology by which a specialized software system is created to identify, distinguish and authenticate the voice of an individual. It evaluates the voice biometrics of an individual, such as flow and natural accent. Speech recognition technology is a process of converting spoken words into the digital data and stored set of words with voice receiving devices such as microphones and telephones. Voice and speech recognition techniques are widely used in Artificial Intelligence (AI) and in navigation systems.
Market Dynamics
The increasing use of artificial intelligence (AI) technology owing to their ability to voice and speech recognition in various devices coupled with growing demand for virtual assistants is fueling the market growth of global voice and speech recognition market. Furthermore, increasing demand for voice-driven navigation systems and surging use of voice biometrics is also propelling the market growth. However, the lack of accuracy in identification and improper coding in a software program can restrain the market of voice and speech recognition. Whereas, technological developments with rising adoptions of electronic devices are expected to stimulate market growth over the forecast period.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of voice and speech recognition.
Market Segmentation
The broad voice and speech recognition market has been sub-grouped into technology, application, and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Technology
- Speech Recognition
- Voice Recognition
By Application
- Artificial Intelligence
- Non-Artificial Intelligence
By End User
- Automotive
- Enterprise
- Finance
- Consumer
- Government
- Retail
- Healthcare
- Others
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for voice and speech recognition in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Europe Voice And Speech Recognition Market By Revenue (USD MN)
The report also covers a detailed competitive landscape including company profiles of key players operating in the global market. The key players in the voice and speech recognition market includes Advanced Voice Recognition Systems, Inc., Agnitio SL, Biotrust ID B.V., Lumenvox, LLC, M2SYS LLC, Microsoft Corporation, Mmodal Inc., Nuance Communications Inc., Raytheon BBN Technologies, Sensory, Inc., Validsoft UK Limited, Voicebox Technologies Corp., Voicevault Inc. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
METHODOLOGY:
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.
1. INTRODUCTION
- Introduction To Voice And Speech Recognition
- Report Description
- Objectives Of The Study
- Assumptions
- Research Scope
- Research Methodology
- Data Source
2. EXECUTIVE SUMMARY
- Market Highlight
- Global Voice And Speech Recognition Market: Snapshot
3. MARKET ANALYSIS
- Drivers
- Restraints
- Opportunities
- Porter’s Five Forces Analysis
- Value Chain Analysis
4. VOICE AND SPEECH RECOGNITION MARKET ANALYSIS BY TECHNOLOGY
- Voice And Speech Recognition Market In Speech Recognition
- Voice And Speech Recognition Market In Voice Recognition
5. VOICE AND SPEECH RECOGNITION MARKET ANALYSIS BY APPLICATION
- Voice And Speech Recognition Market In Artificial Intelligence
- Voice And Speech Recognition Market In Non-Artificial Intelligence
6. VOICE AND SPEECH RECOGNITION MARKET ANALYSIS BY END USER
- Voice And Speech Recognition Market In Automotive
- Voice And Speech Recognition Market In Enterprise
- Voice And Speech Recognition Market In Finance
- Voice And Speech Recognition Market In Consumer
- Voice And Speech Recognition Market In Government
- Voice And Speech Recognition Market In Retail
- Voice And Speech Recognition Market In Healthcare
- Voice And Speech Recognition Market In Others
7. VOICE AND SPEECH RECOGNITION MARKET ANALYSIS BY GEOGRAPHY
- North America (NA)
- North America Market Estimates
- North America Market Estimates By Country
- United States (U.S.) Market Estimates By Segments
- Rest Of North America Market Estimates By Segments
- Europe (EU)
- Europe Market Estimates
- Europe Market Estimates By Country
- United Kingdom (UK) Market Estimates By Segments
- Germany Market Estimates By Segments
- France Market Estimates By Segments
- Rest Of Europe Market Estimates By Segments
- Asia Pacific (APAC)
- Asia Pacific Market Estimates
- Asia Pacific Market Estimates By Country
- China Market Estimates By Segments
- Japan Market Estimates By Segments
- India Market Estimates By Segments
- Rest Of Asia Pacific Market Estimates By Segments
- Latin America (LA)
- Latin America Market Estimates
- Latin America Market Estimates By Country
- Brazil Market Estimates By Segments
- Rest Of Latin America Market Estimates By Segments
- Middle East And Africa (MEA)
- Middle East And Africa Market Estimates
- Middle East And Africa Market Estimates By Country
- Middle East Market Estimates By Segments
- Africa Market Estimates By Segments
8. COMPETITIVE LANDSCAPE OF THE VOICE AND SPEECH RECOGNITION COMPANIES
- Market Competition
- Partnerships/Collaborations/Agreements
- Mergers And Acquisitions
- New Product Launches
- Other Developments
9. COMPANY PROFILES OF THE VOICE AND SPEECH RECOGNITION INDUSTRY (Company Overview, Financial, Major Products & Recent Development)
- Advanced Voice Recognition Systems, Inc.,
- Agnitio SL
- Biotrust ID B.V.
- Lumenvox, LLC
- M2SYS LLC
- Microsoft Corporation
- Mmodal Inc
- Nuance Communications Inc.
- Raytheon BBN Technologies
- Sensory, Inc.
- Validsoft UK Limited
- Voicebox Technologies Corp.
- Voicevault Inc.
* Tentative TOC
LIST OF TABLES
Table 1. Market Highlights Of Voice and Speech Recognition
Table 2. Global Voice and Speech Recognition Market By Technology
Table 3. Global Voice and Speech Recognition Market By Application
Table 4. Global Voice and Speech Recognition Market By End-User
Table 5. Global Voice and Speech Recognition Market By Geography
Table 6. North America Voice and Speech Recognition Market
Table 7. Europe Voice and Speech Recognition Market
Table 8. Asia Pacific Voice and Speech Recognition Market
Table 9. Latin America Voice and Speech Recognition Market
Table 10. Middle East And Africa Voice and Speech Recognition Market
Table 11. Partnership/Collaboration/Agreements
Table 12. Mergers And Acquisitions
Table 13. New Product Development
Table 14. Other Developments
LIST OF FIGURES
Fig. 1. Market Segmentation Of Voice and Speech Recognition Market
Fig. 2. Top-Down Approach
Fig. 3. Bottom-Up Approach
Fig. 4. Market Highlights Of Voice and Speech Recognition
Fig. 5. Porter’s Five Forces Analysis
Fig. 6. Value Chain Analysis
Fig. 8. Global Voice and Speech Recognition Market By Technology
Fig. 10. Global Voice and Speech Recognition Market By Application
Fig. 11. Global Voice and Speech Recognition Market By End-User
Fig. 12. Global Voice and Speech Recognition Market By Geography
Fig. 13. North America Voice and Speech Recognition Market
Fig. 14. Europe Voice and Speech Recognition Market
Fig. 15. Asia Pacific Voice and Speech Recognition Market
Fig. 16. Latin America Voice and Speech Recognition Market
Fig. 17. Middle East And Africa Voice and Speech Recognition Market
Fig. 18. Market Share Of Voice and Speech Recognition Companies
Fig. 19. Recent Developments In Voice and Speech Recognition Industry
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.
Objectives of Study
- Define and measure the global market
- Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
- Analyze and identify major market trends along with the factors driving or inhibiting the market growth
- Study the company profiles of the major market players with their market share
- Analyze competitive developments
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