Voice Recognition Market Key Players are: Nuance Communications, MMODAL Inc., Apple, Inc., Microsoft Inc., Sensory Inc., Agnitio SL, Advanced Voice Recognition Systems, Biotrust, ValidSoft UK Ltd., VoiceVault, M2SyS LLC, VoiceBox Technologies Corp., Rayth
Based on applications, the voice recognition market is classified into artificial intelligence based and non-artificial intelligence based. Artificial-intelligence based solutions segment is expected to gain momentum, owing to the ability of this technolo
(EMAILWIRE.COM, August 09, 2018 ) Market Overview:-
Voice Recognition Market size is anticipated to witness significant growth over the forecast timeline, owing to the increase in adoption of biometric technologies such as remote authentication using voice verification and growing popularity of voice-activated devices such as thermostats, lights, and other voice-enabled appliances.
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Growing frequencies of frauds in various end-user industries such as retail & healthcare and increasing adoption of mobile banking by e-commerce retailers & banks are expected to drive the Voice Recognition Market growth during forecast timeframe. Advancements in infrastructure activities and present-day concepts, such as smart homes are projecting growth opportunities, particularly in countries including U.K., U.S., and France. The technology shows tremendous growth potential in home automation systems, due to its low energy consumption and convenience. Growing demand for home security and home automation systems such as camera systems and door lock systems is expected to drive the voice recognition market growth over the future.
Top Key Players:-
Players in the voice recognition market include Nuance Communications, MMODAL Inc., Apple, Inc., Microsoft Inc., Sensory Inc., Agnitio SL, Advanced Voice Recognition Systems, Biotrust, ValidSoft UK Ltd., VoiceVault, M2SyS LLC, VoiceBox Technologies Corp., Raytheon BBN Technologies, and LumenVox LLC. The voice recognition market is led by innovation and is highly competitive. Major players are increasingly focusing on increasing the accuracy of voice recognition to outwit the competitors.
Market share calculation in this report is not done based on companies covered in it. The calculation of voice recognition market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Request for customization @ https://www.gminsights.com/roc/1572
Regional Segmentations: -
North America is expected to dominate the voice recognition market, owing to the deployment of biometric systems on a large scale due to the increasing need of high level security. The industry in the region is driven by increasing government initiatives to deploy biometric systems, particularly in the U.S. The Asia Pacific voice recognition market is expected to grow at fast pace, due to increasing IoT applications and demand for voice technology. Growing requirement of this technology from self-service sectors such as banking and call centers is expected to drive voice recognition market growth in the region.
Browse Full Report @ https://www.gminsights.com/industry-analysis/voice-recognition-market
The technology is used in array of applications, owing to growing adoption of mobile & cloud technology and continuous advancements in computing power. The healthcare sector is anticipated to witness a remarkable growth over the next eight years, due to the use of the technology to produce health data records, thus propelling the voice recognition market growth. This technology is expected to emerge as effective alternative to devices where typing is difficult due to small displays. Growing inclination towards development of AI based systems is expected to gain traction. Leveraging deep learning algorithm to improve search results is expected to be key growth factor in AI based voice recognition market.
Voice recognition is the fundamental technology leveraged in autonomous and semi-autonomous automobiles. Integration of this technology with automobiles is increasingly gaining popularity, owing to growing stringency in regulations pertaining to mobile phones use while driving and implementation of hands free rules. Voice commands enhance driver and passenger safety by enabling them to concentrate on driving. Manual interfaces to enter data in navigation system involves risks. Therefore, voice recognition market growth is anticipated to surge, owing to the ability of speech destination entry to help drivers follow route correctly. Benefits of this technology such as better productivity, easy accessibility, and flexibility are expected to drive demand. The lack of ability to recognize speech in regional accent and high price of AI based systems is expected to challenge the voice recognition market demand.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Voice Recognition Market size is anticipated to witness significant growth over the forecast timeline, owing to the increase in adoption of biometric technologies such as remote authentication using voice verification and growing popularity of voice-activated devices such as thermostats, lights, and other voice-enabled appliances.
Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/1572
Growing frequencies of frauds in various end-user industries such as retail & healthcare and increasing adoption of mobile banking by e-commerce retailers & banks are expected to drive the Voice Recognition Market growth during forecast timeframe. Advancements in infrastructure activities and present-day concepts, such as smart homes are projecting growth opportunities, particularly in countries including U.K., U.S., and France. The technology shows tremendous growth potential in home automation systems, due to its low energy consumption and convenience. Growing demand for home security and home automation systems such as camera systems and door lock systems is expected to drive the voice recognition market growth over the future.
Top Key Players:-
Players in the voice recognition market include Nuance Communications, MMODAL Inc., Apple, Inc., Microsoft Inc., Sensory Inc., Agnitio SL, Advanced Voice Recognition Systems, Biotrust, ValidSoft UK Ltd., VoiceVault, M2SyS LLC, VoiceBox Technologies Corp., Raytheon BBN Technologies, and LumenVox LLC. The voice recognition market is led by innovation and is highly competitive. Major players are increasingly focusing on increasing the accuracy of voice recognition to outwit the competitors.
Market share calculation in this report is not done based on companies covered in it. The calculation of voice recognition market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Request for customization @ https://www.gminsights.com/roc/1572
Regional Segmentations: -
North America is expected to dominate the voice recognition market, owing to the deployment of biometric systems on a large scale due to the increasing need of high level security. The industry in the region is driven by increasing government initiatives to deploy biometric systems, particularly in the U.S. The Asia Pacific voice recognition market is expected to grow at fast pace, due to increasing IoT applications and demand for voice technology. Growing requirement of this technology from self-service sectors such as banking and call centers is expected to drive voice recognition market growth in the region.
Browse Full Report @ https://www.gminsights.com/industry-analysis/voice-recognition-market
The technology is used in array of applications, owing to growing adoption of mobile & cloud technology and continuous advancements in computing power. The healthcare sector is anticipated to witness a remarkable growth over the next eight years, due to the use of the technology to produce health data records, thus propelling the voice recognition market growth. This technology is expected to emerge as effective alternative to devices where typing is difficult due to small displays. Growing inclination towards development of AI based systems is expected to gain traction. Leveraging deep learning algorithm to improve search results is expected to be key growth factor in AI based voice recognition market.
Voice recognition is the fundamental technology leveraged in autonomous and semi-autonomous automobiles. Integration of this technology with automobiles is increasingly gaining popularity, owing to growing stringency in regulations pertaining to mobile phones use while driving and implementation of hands free rules. Voice commands enhance driver and passenger safety by enabling them to concentrate on driving. Manual interfaces to enter data in navigation system involves risks. Therefore, voice recognition market growth is anticipated to surge, owing to the ability of speech destination entry to help drivers follow route correctly. Benefits of this technology such as better productivity, easy accessibility, and flexibility are expected to drive demand. The lack of ability to recognize speech in regional accent and high price of AI based systems is expected to challenge the voice recognition market demand.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Arun Hegde
Tel: 1-888-689-0688
Email us
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Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results