"Speech and Voice
Recognition Market by
Technology (Speech and Voice Recognition), Vertical (Automotive, Consumer,
Government, Enterprise, Healthcare, BFSI), Deployment (On Cloud &
On-Premises/Embedded), and Geography - Global Forecast to 2024", the
market is expected to grow from USD 7.5 billion in 2018 to USD 21.5 billion by
2024, at a CAGR of 19.18%. The growth of the speech and voice recognition market
can be attributed to the high growth potential in healthcare application,
growing demand for voice authentication in mobile banking application, rapid
proliferation of multifunctional devices or smart speakers, and growing impact
of AI on the accuracy of speech and voice recognition. Moreover, the
development of speech and voice recognition software for micro-linguistics and
local languages, use of speech and voice recognition technology in the
education of temporarily and permanently disabled students, and role of speech
and voice recognition technology in autonomous cars are expected to create huge
growth opportunities for the players in the speech and voice recognition
market.
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· • Speech and voice
recognition market for consumer vertical to grow at highest rate during
forecast period
·
Automatic speech recognition segment dominated the global speech
recognition market throughout the forecast period
·
Americas to hold largest size of speech and voice recognition
market by 2024
Major players in
the speech and voice recognition market covered in this report are Nuance (US),
Microsoft (US), Alphabet (US), IBM (US), Amazon (US), Sensory (US), Cantab
Research (UK), iflytek (China), Baidu (China), and Raytheon BBN Technologies
(US). Know more ask for Sample pages of Report : https://www.marketsandmarkets.com/requestsampleNew.asp?id=202401714
Browse 74 market data Tables and 47
Figures spread through 161 Pages and in-depth TOC on "Speech
and Voice Recognition Market - Global Forecast to 2024"
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Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com