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Voice and Speech Recognition Market – Size, Share, Growth, Trends, and Forecast 2018 to 2025

Global Voice and Speech Recognition Market 2018: Key players, Trends, status, Overview and Forecast 2018 - 2025
Adroit Market Research
Global Voice and Speech
Recognition Market
Dynamics, Application Share, Growth, Vendor
Competition, Trends and Forecast 2018-2025
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Adroit Market Research
Global Voice and Speech Recognition Market
• The voice and speech recognition industry is witnessing a rapid technological advancements along with increasing
adoption of advanced electronic devices which are anticipated to stimulate the voice and speech recognition market
growth during the forecast period. Voice biometrics used for security purposes help in giving access to authenticated users
for performing a transaction. Surging use of voice biometrics is one of a key factor driving the voice and speech
recognition market.
• Previously in 2018, the global voice and speech recognition market was valued at USD xx million and estimated to project
the value of USD xx million in 2025, accounting a CAGR of x.x% during the forecast period.
• Moreover, increasing demand for voice-driven navigation systems and workstations is promoting growth in the hardware
and software segments. The voice-enabled in-car infotainment systems is gaining traction across the globe as emerging
countries initiate hands free regulations that govern the usage of mobile phones while driving.
• The global voice and speech recognition market is segmented into several classifications including function outlook,
technology outlook, vertical outlook, and regional outlook
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Global Voice and Speech Recognition Market
• Based on the function outlook the voice and speech recognition market is categorized by voice recognition, speaker
identification, speaker verification, speech recognition, automation speech recognition, text to speech.
• Furthermore on the basis of technology outlook the voice and speech recognition market is efficiently driven by AIbased, and non-AI based.
• In terms of vertical outlook the voice and speech recognition market is classified by automotive, BFSI, consumer,
education, enterprise, government, healthcare, legal, military, retail, and others.
• In terms of geography, the voice and speech recognition market is widely range to North America, U.S., Canada, Mexico,
Europe, Germany, U.K., France, Italy, Spain, Netherlands, Switzerland, Poland, Asia Pacific, China, Japan, India, South
Korea, Singapore, Pakistan, Malaysia, Australia, Hong Kong, Vietnam, South America, Brazil, Argentina, Chile, Middle East
and Africa, UAE, Saudi Arabia, Israel, South Africa, Nigeria.
• Leading players of the global voice and speech recognition market include Advanced Voice Recognition Systems, Inc.;
Agnitio S.L.; Amazon, Inc.;; Apple, Inc.; Anhui USTC iFlytek Co., Ltd.; Baidu, Inc.; BioTrust ID B.V.; CastleOS Software,
LLC; Facebook, Inc.; Google, Inc.; International Business Machines Corporation; JStar; LumenVox LLC; M2SYSLLC;
Microsoft Corporation; MModal, Inc.; Nortek Holdings, Inc.; Nuance Communications, Inc.; Raytheon Company; SemVox
GmbH; Sensory, Inc.; ValidSoft U.K. Limited; VoiceBox Technologies Corporation; and VoiceVault, Inc.
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Key Segmentation of the Global Voice and Speech Recognition Market:
• Function Outlook (Revenue, USD Million, 2018 - 2025)
• Voice recognition: Speaker identification, Speaker verification
• Speech recognition: Automatic speech recognition, Text to speech
• Technology Outlook (Revenue, USD Million, 2018 - 2025)
• AI-based
• Non-AI based
• Vertical Outlook (Revenue, USD Million, 2018 - 2025):Automotive,BFSI, Consumer, Education, Enterprise, Government,
Healthcare, Legal, Military, Retail, Others
• Regional Outlook (Revenue, USD Million, 2018 - 2025)
North America
Asia Pacific
South America
Middle East and Africa
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Global Voice and Speech Recognition Market
• What to expect from the upcoming ‘Global Voice and Speech Recognition Market’ analysis:
-Analysis over future prospects as well as Global Voice and Speech Recognition Market trends
- Information regarding technological progressions as well as innovations taking place in developing as well as developed
economies and also various macro & microeconomic factors that affect the growth of the market.
- Supportive initiatives by government likely to influence the market dynamics.
- Key drivers influencing market’s growth, opportunities, restraints, sales channels and distributors.
- Deep analysis about the competitive landscape of the market and the initiatives by them to improve this market such as
expansions, growth strategies, agreements, new product launches and acquisitions in the market
• Who should buy this report?
- Report is especially designed for Venture capitalists, Investors, financial i
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market report @
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target audience is a wide range of corporations, manufacturing companies, product/technology
development institutions and industry associations that require understanding of a market’s
size, key trends, participants and future outlook of an industry. We intend to become our
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opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At
our core, we are curious people who love to identify and understand industry patterns, create
an insightful study around our findings and churn out money-making roadmaps. Our analysts
have tracked high growth markets in chemicals & materials, healthcare & pharmaceuticals,
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