Voice and Speech Recognition Market Size

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

February 2020

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Description
Table Of Content

As per this study, the Global Voice and Speech Recognition Market was valued USD XX.X MN (by revenue) in 2019 and is anticipated to reach USD XX.X MN by 2026 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

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.

TABLE OF CONTENTS

1 . PREFACE
       1.1. Report Description
           1.1.1. Objective
           1.1.2. Target Audience
           1.1.3. Unique Selling Proposition (USP) & offerings
       1.2. Research Scope
       1.3. Research Methodology
           1.3.1. Market Research Process
           1.3.2. Market Research Methodology

2 . EXECUTIVE SUMMARY
       2.1. Highlights of Voice And Speech Recognition Market
       2.2. Global Voice And Speech Recognition Market Snapshot

3 . VOICE AND SPEECH RECOGNITION – INDUSTRY ANALYSIS
       3.1. Introduction
       3.2. Market Drivers of Voice And Speech Recognition Market
       3.3. Market Restraints of Voice And Speech Recognition Market
       3.4. Opportunities of Voice And Speech Recognition Market
       3.5. Trends of Voice And Speech Recognition Market
       3.6. Porter’s Five Force Analysis of Voice And Speech Recognition Market
       3.7. Voice And Speech Recognition Market Attractiveness Analysis
           3.7.1 Market Attractive Analysis by Technology
           3.7.2 Market Attractive Analysis by Application
           3.7.3 Market Attractive Analysis by End User
           3.7.4 Market Attractive Analysis by Region

4 . VALUE CHAIN ANALYSIS
       4.1. Voice And Speech Recognition Value Chain Analysis
       4.2. Voice And Speech Recognition Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Voice And Speech Recognition Raw Material Manufactures List
           4.2.3. Price Trend of Voice And Speech Recognition Key Raw Materials
       4.3. List of Potential Buyers
       4.4. Marketing Channel
           4.4.1. Direct Marketing
           4.4.2. Indirect Marketing
           4.4.3. Marketing Channel Development Trend

5 . GLOBAL VOICE AND SPEECH RECOGNITION MARKET ANALYSIS BY TECHNOLOGY
       5.1 Overview by Technology
       5.2 Global Voice And Speech Recognition Market Analysis by Technology
       5.3 Market Analysis of Speech Recognition by Regions
       5.4 Market Analysis of Voice Recognition by Regions

6 . GLOBAL VOICE AND SPEECH RECOGNITION MARKET ANALYSIS BY APPLICATION
       6.1 Overview by Application
       6.2 Global Voice And Speech Recognition Market Analysis by Application
       6.3 Market Analysis of Artificial Intelligence by Regions
       6.4 Market Analysis of Non-Artificial Intelligence by Regions

7 . GLOBAL VOICE AND SPEECH RECOGNITION MARKET ANALYSIS BY END USER
       7.1 Overview by End User
       7.2 Global Voice And Speech Recognition Market Analysis by End User
       7.3 Market Analysis of Automotive by Regions
       7.4 Market Analysis of Enterprise by Regions
       7.5 Market Analysis of Finance by Regions
       7.6 Market Analysis of Consumer by Regions
       7.7 Market Analysis of Government by Regions
       7.8 Market Analysis of Retail by Regions
       7.9 Market Analysis of Healthcare by Regions
       7.10. Market Analysis of Others by Regions

8 . GLOBAL VOICE AND SPEECH RECOGNITION MARKET ANALYSIS BY GEOGRAPHY
       8.1. Regional Outlook
      8.2. Introduction
       8.3. North America
           8.3.1. Overview
           8.3.2. North America Voice And Speech Recognition Market Estimate by Country
           8.3.3. United State
           8.3.4. Rest of North America
       8.4. Europe
           8.4.1. Overview
           8.4.2. Europe Voice And Speech Recognition Market Estimate by Market Segment
           8.4.3. Europe Voice And Speech Recognition Market Estimate by Country
           8.4.4. United Kingdom
           8.4.5. France
           8.4.6. Germany
           8.4.7 Rest of Europe
       8.5. Asia Pacific
           8.5.1. Overview
           8.5.2. Asia Pacific Voice And Speech Recognition Market Estimate by Market Segment
           8.5.3. Asia Pacific Voice And Speech Recognition Market Estimate by Country
           8.5.4. China
           8.5.5. Japan
           8.5.6. India
           8.5.7. Rest of Asia Pacific
       8.6. Latin America
           8.6.1. Overview
           8.6.2. Latin America Voice And Speech Recognition Market Estimate by Market Segment
           8.6.3. Latin America Voice And Speech Recognition Market Estimate by Country
           8.6.4. Brazil
           8.6.5. Rest of Latin America
       8.7. Middle East & Africa
           8.7.1. Overview
           8.7.2. Middle East & Africa Voice And Speech Recognition Market Estimate by Market Segment
           8.7.3. Middle East & Africa Voice And Speech Recognition Market Estimate by Country
           8.7.4. Middle East
           8.7.5. Africa

9 . COMPETITIVE LANDSCAPE OF THE VOICE AND SPEECH RECOGNITION COMPANIES
       9.1. Voice And Speech Recognition Market Competition
       9.2. Partnership/Collaboration/Agreement
       9.3. Merger And Acquisitions
       9.4. New Product Launch
       9.5. Other Developments

10 . COMPANY PROFILES OF VOICE AND SPEECH RECOGNITION INDUSTRY
       10.1. Company Share Analysis
       10.2. Market Concentration Rate
       10.3. Advanced Voice Recognition Systems, Inc.,
           10.3.1. Company Overview
           10.3.2. Financials
           10.3.3. Products
           10.3.4. Recent Developments
       10.4. Agnitio SL
           10.4.1. Company Overview
           10.4.2. Financials
           10.4.3. Products
           10.4.4. Recent Developments
       10.5. Biotrust ID B.V.
           10.5.1. Company Overview
           10.5.2. Financials
           10.5.3. Products
           10.5.4. Recent Developments
       10.6. Lumenvox, LLC
           10.6.1. Company Overview
           10.6.2. Financials
           10.6.3. Products
           10.6.4. Recent Developments
       10.7. M2SYS LLC
           10.7.1. Company Overview
           10.7.2. Financials
           10.7.3. Products
           10.7.4. Recent Developments
       10.8. Microsoft Corporation
           10.8.1. Company Overview
           10.8.2. Financials
           10.8.3. Products
           10.8.4. Recent Developments
       10.9. Mmodal Inc
           10.9.1. Company Overview
           10.9.2. Financials
           10.9.3. Products
           10.9.4. Recent Developments
       10.10. Nuance Communications Inc.
           10.10.1. Company Overview
           10.10.2. Financials
           10.10.3. Products
           10.10.4. Recent Developments
       10.11. Raytheon BBN Technologies
           10.11.1. Company Overview
           10.11.2. Financials
           10.11.3. Products
           10.11.4. Recent Developments
       10.12. Sensory, Inc.
           10.12.1. Company Overview
           10.12.2. Financials
           10.12.3. Products
           10.12.4. Recent Developments
       10.13. Validsoft UK Limited
           10.13.1. Company Overview
           10.13.2. Financials
           10.13.3. Products
           10.13.4. Recent Developments
       10.14. Voicebox Technologies Corp.
           10.14.1. Company Overview
           10.14.2. Financials
           10.14.3. Products
           10.14.4. Recent Developments
       10.15. Voicevault Inc.
           10.15.1. Company Overview
           10.15.2. Financials
           10.15.3. Products
           10.15.4. Recent Developments

*Note - In company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies

LIST OF TABLES

LIST OF FIGURES

Research Scope of Voice And Speech Recognition Report
Market Research Process
Market Research Methodology
Global Voice And Speech Recognition Market Size, by Region (USD MN)
Porters Five Forces Analysis
Market Attractiveness Analysis by Technology
Market Attractiveness Analysis by Application
Market Attractiveness Analysis by End User
Market Attractiveness Analysis by Region
Value Chain Analysis
Global Voice And Speech Recognition Market Analysis by Technology (USD MN)
Global Voice And Speech Recognition Market Analysis in Speech Recognition by Geography (USD MN)
Global Voice And Speech Recognition Market Analysis in Voice Recognition by Geography (USD MN)
Global Voice And Speech Recognition Market Analysis by Application (USD MN)
Global Voice And Speech Recognition Market Analysis in Artificial Intelligence by Geography (USD MN)
Global Voice And Speech Recognition Market Analysis in Non-Artificial Intelligence by Geography (USD MN)
Global Voice And Speech Recognition Market Analysis by End User (USD MN)
Global Voice And Speech Recognition Market Analysis in Automotive by Geography (USD MN)
Global Voice And Speech Recognition Market Analysis in Enterprise by Geography (USD MN)
Global Voice And Speech Recognition Market Analysis in Finance by Geography (USD MN)
Global Voice And Speech Recognition Market Analysis in Consumer by Geography (USD MN)
Global Voice And Speech Recognition Market Analysis in Government by Geography (USD MN)
Global Voice And Speech Recognition Market Analysis in Retail by Geography (USD MN)
Global Voice And Speech Recognition Market Analysis in Healthcare by Geography (USD MN)
Global Voice And Speech Recognition Market Analysis in Others by Geography (USD MN)
Latin America Voice And Speech Recognition Market by Revenue
Middle East & Africa Voice And Speech Recognition Market by Revenue
Recent Development in Voice And Speech Recognition Industry
Company Market Share Analysis, 2019

* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

Choose your Buying Option

Single User License: $ 3950.00

Upto 10 Users License: $ 4950.00

Enterprise License: $ 8600.00

Data Pack: $ 2100.00

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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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