Speech & Voice Recognition Market Key Players are: Apple Inc., MModal. Speech, Microsoft, IBM, and Google
The technology is being implemented in an ever-increasing array of applications owing to the ongoing innovations in computing power and widespread adoption of cloud-based computer technology.
(EMAILWIRE.COM, August 09, 2018 ) Market Overview:-
Speech & Voice Recognition Market size is anticipated to witness growth over the forecast timeline owing to the increase in demand for biometric solutions in identity verification. Growing number of fraudulent activities in several sectors along with the rising number of smartphone devices and growing usage of mobile computing is further expected to drive the speech & voice recognition market growth.
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The technology is serving the demand in security for achieving flexible & efficient communications with several features such as simple pattern matching, where spoken words are recorded and recognized in the system entirely along with artificial neural network, which is a largely simplified and a computerized version of a human brain. In addition, enhanced adaptability and advancements in automated technology is expected to spur the speech & voice recognition market size.
Top Key Players:-
Industry participants in the speech & voice recognition market include Nuance Communications, Apple Inc., MModal. Speech, Microsoft, IBM, and Google. The speech &voice recognition market is a highly competitive industry with presence of many players who are focused on improving accuracy to gain more market share to get better of their competitors. The companies in the speech & voice recognition market are following aggressive competitive strategies which consists of acquiring established companies which act as competitors who are prominent in different markets.
Market share calculation in this report is not done based on companies covered in it. The calculation of speech & 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/1667
Regional Segmentations: -
North America, speech & voice recognition market is predicted to lead owing to the large-scale implementation of biometric systems. Moreover, increasing demand for high level security coupled with strong economic conditions has led to a high adoption of biometric systems in the region thereby, driving the speech & voice recognition market.
In Asia Pacific, economies such as China, India, Japan are anticipated to see high growth owing to the increasing demand of voice biometrics for security and authentication. Increasing demand of self-service applications in sectors such as BFSI, IT and telecom is further contributing to the growth of speech & voice recognition market in the region. With several government agencies increasingly using voice biometrics for security & authentication and with the presence of several electronics device manufacturers such as Sony, Samsung, LG in these regions it is anticipated to spur the overall speech & voice recognition market growth.
Browse Full Report @ https://www.gminsights.com/industry-analysis/speech-and-voice-recognition-market
The speech & voice recognition market is segmented into artificial intelligence and software technologies. The artificial intelligence deals with the machine exhibiting intelligent behavior and can propel the speech & voice recognition market growth owing to its unique capability of recognizing the pattern of speech precisely. In addition, artificial intelligence is classified into speaker independent and speaker dependent segments. The speaker independent systems can identify any voice or speech, despite of several variations in characteristics from one speaker to another. Moreover, speaker dependent systems work by learning the unique characteristics of an individual’s voice making the system more reliable. Owing to these features the artificial intelligence segment in the speech & voice recognition market is anticipated to show a high growth rate over the forecast timeline.
Accuracy and speed are the major characteristics of the software which can be used as a tool for dictating and transcribing documents at work. A major benefit of the technology is for the users to do work simultaneously where user is expected to focus on observation, manual operations and still control the machinery by voice input commands that is helping drive the speech & voice recognition market growth. The software works in sync with various electronic software’s which are used daily, such as Microsoft Office and emails.
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.
Speech & Voice Recognition Market size is anticipated to witness growth over the forecast timeline owing to the increase in demand for biometric solutions in identity verification. Growing number of fraudulent activities in several sectors along with the rising number of smartphone devices and growing usage of mobile computing is further expected to drive the speech & voice recognition market growth.
Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/1667
The technology is serving the demand in security for achieving flexible & efficient communications with several features such as simple pattern matching, where spoken words are recorded and recognized in the system entirely along with artificial neural network, which is a largely simplified and a computerized version of a human brain. In addition, enhanced adaptability and advancements in automated technology is expected to spur the speech & voice recognition market size.
Top Key Players:-
Industry participants in the speech & voice recognition market include Nuance Communications, Apple Inc., MModal. Speech, Microsoft, IBM, and Google. The speech &voice recognition market is a highly competitive industry with presence of many players who are focused on improving accuracy to gain more market share to get better of their competitors. The companies in the speech & voice recognition market are following aggressive competitive strategies which consists of acquiring established companies which act as competitors who are prominent in different markets.
Market share calculation in this report is not done based on companies covered in it. The calculation of speech & 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/1667
Regional Segmentations: -
North America, speech & voice recognition market is predicted to lead owing to the large-scale implementation of biometric systems. Moreover, increasing demand for high level security coupled with strong economic conditions has led to a high adoption of biometric systems in the region thereby, driving the speech & voice recognition market.
In Asia Pacific, economies such as China, India, Japan are anticipated to see high growth owing to the increasing demand of voice biometrics for security and authentication. Increasing demand of self-service applications in sectors such as BFSI, IT and telecom is further contributing to the growth of speech & voice recognition market in the region. With several government agencies increasingly using voice biometrics for security & authentication and with the presence of several electronics device manufacturers such as Sony, Samsung, LG in these regions it is anticipated to spur the overall speech & voice recognition market growth.
Browse Full Report @ https://www.gminsights.com/industry-analysis/speech-and-voice-recognition-market
The speech & voice recognition market is segmented into artificial intelligence and software technologies. The artificial intelligence deals with the machine exhibiting intelligent behavior and can propel the speech & voice recognition market growth owing to its unique capability of recognizing the pattern of speech precisely. In addition, artificial intelligence is classified into speaker independent and speaker dependent segments. The speaker independent systems can identify any voice or speech, despite of several variations in characteristics from one speaker to another. Moreover, speaker dependent systems work by learning the unique characteristics of an individual’s voice making the system more reliable. Owing to these features the artificial intelligence segment in the speech & voice recognition market is anticipated to show a high growth rate over the forecast timeline.
Accuracy and speed are the major characteristics of the software which can be used as a tool for dictating and transcribing documents at work. A major benefit of the technology is for the users to do work simultaneously where user is expected to focus on observation, manual operations and still control the machinery by voice input commands that is helping drive the speech & voice recognition market growth. The software works in sync with various electronic software’s which are used daily, such as Microsoft Office and emails.
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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Global Market Insights, Inc.
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