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Speech and Voice Recognition Market Worth $26.79 Billion by 2025- Exclusive Report by Meticulous Research®

(EnergyIndustry.Net, January 15, 2020 ) The speech and voice technologies are widely acknowledged as a key platforms that offer precise, convenient, and effortless means to control variety of devices including smart home systems, smart wearable gadgets, smartphones, smart speakers, autonomous and connected cars, and consumer electronics devices. It is expected that over the coming years, there will be more voice-enabled devices than people on the planet as the enthusiasm among consumers for such devices is swiftly increasing with massive adoption of advanced voice-enabled solutions. Meticulous Research [(R)] in its latest publication on Speech and Voice Recognition states that the global Speech and Voice Recognition market will increase at a CAGR of 17.2% from 2019 to 2025 to reach $26.8 billion by 2025.



A Report published by Meticulous Research®, can be accessed at @

https://www.meticulousresearch.com/product/speech-and-voice-recognition-market-5038/



Growth of the global speech and voice recognition marketis mainly attributed to increasing usage of voice-enabled applications especially for home activities including operating smart devices, making online purchases, playing music, ordering meals, and so on. In addition, increasing adoption of voice-enabled teaching aids and evaluation system in education sector; integration of in-car infotainment systems; increasing demand for voice-enabled applications in healthcare equipment; growing adoption of voice-biometric technologies particularly in BFSI, enterprise, and government sector is also supporting rapid growth of the speech and voice recognition market.



To provide efficient analysis, Meticulous Research [(R)] has segmented this market on the basis of type (speech recognition, and voice recognition), end-user (automotive, healthcare, BFSI, education, hospitality, government and public services, manufacturing/enterprise, retail and e-commerce, legal, consumer electronics, and military and defence), technology (artificial intelligence, and non-artificial intelligence), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa).



Click here to get details about Speech and Voice Recognition Market https://www.meticulousresearch.com/request-sample-report/cp_id=5038



In terms of type, speech recognition technologies accounted for the largest share of this market owing to increasing demand for voice-enabled devices along with growing customer confidence in smart technologies, increasing usage of voice assistants particularly for online purchases, and consistent proliferation of advanced technologies.



Voice and speech recognition technologies authorize contactless control to several devices and equipment that delivers input for automatic translation and generates print-ready dictation. The speech recognition devices have the capability to respond to voice commands. The growth of the overall speech and voice recognition market is primarily driven by factors, such as rising acceptance of advanced technology together with increasing consumer demand for smart devices, a growing sense of personal data safety and security, and increasing usage of voice-enabled payments and shopping by retailers.



Here are the top 10 companies operating in the global speech and voice recognition market – https://meticulousblog.org/top-10-companies-in-speech-and-voice-recognition-market/



Scope of the Report:



Market by Function



Speech Recognition

Automatic Speech Recognition

Text to Speech

Voice Recognition

Speaker Identification

Speaker Verification



Market by End-User



Automotive

Healthcare

BFSI

Education

Hospitality

Government and Public Services

Manufacturing/Enterprises

Retail and E-Commerce

Legal

Consumer Electronics

Military and Defense



Market by Technology:



Artificial Intelligence

Non-Artificial Intelligence



Market by Geography:



North America

U.S.

Canada

Europe

Germany

France

U.K.

Italy

Spain

Rest of the Europe

AsiaPacific

India

China

Australia And New Zealand

Japan

Rest of AsiaPacific

Latin America

Middle East and Africa



Directly Purchase This Report:: https://www.meticulousresearch.com/buy_now.php?pformat=339&vformat=1002



The report provides competitive intelligence in terms of financials, growth strategies, product portfolios, and geographical presence on some of the key players in this market including Nuance Communications (U.S.), Google LLC (U.S.), Apple, Inc. (U.S.)., Amazon.com, Inc. (U.S.), Microsoft Corporation (U.S.), IBM Corporation (U.S.), iFlytek (China), Baidu (China), LumenVox LLC (U.S.), Sensory, Inc. (U.S.), Sestek (Turkey), and Dolbey Systems, Inc. (OH) among others.



Geographically, North America commanded the largest share in this market followed by Asia-Pacific. The major share of North America is mainly attributed to the easy availability of voice-enabled smart devices, greater consumer acceptance for advanced technologies, and increasing demand for high-level secured authentication devices. Furthermore, existence of major voice and speech recognition technology companies and availability of their revolutionary forthcoming products appearances is also expected to support the growth of the voice and speech recognition technologies over the coming years.



For more info, download free sample report now @



https://www.meticulousresearch.com/download-sample-report/cp_id=5038





Browse Related Report::



Machine Learning as a Service Market by Component (Software, Services), Organization Size (Large Enterprises, SME), Deployment Type (Public Cloud, VPC), Application (Marketing and Advertising, Fraud Detection, Digital Security), and End-User - Global Forecast to 2025



https://www.meticulousresearch.com/product/machine-learning-as-a-service-market-5004/





Meticulous Research™

chhagan yadav

+91 744-7780008

chhagan.y@meticulousresearch.com

Source: EmailWire.Com

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