Research Reports
Voice and Speech Recognition Market Size, Share, Trends, Outlook, Future Growth and Forecast 2021-2026
Published by IMARC Services Private Limited
Posted on September 9, 2021
Editorial & Advertiser disclosure
Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
As per the latest report by IMARC Group, titled “Voice and Speech Recognition Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global voice and speech recognition market reached a value of US$ 9.9 Billion in 2020. Voice and speech recognition is an authentication technology that decodes human voice. It assists in operating electronic devices and performing commands without the utilization of other input devices. It translates commands into electrical signals, converts them into coding patterns and sends them back to the device in the digital format for final execution. This technology is currently available in smartphones and other consumer electronics, owing to the advancements in the processing capabilities and improvements in network connectivity. It is rapidly gaining traction across the globe on account of the increasing use of artificial intelligence (AI) and intelligent assistants (IAs), such as Apple’s Siri, Microsoft’s Cortana and Amazon’s Alexa.
Request to get the sample report:https://www.imarcgroup.com/voice-speech-recognition-market/requestsample
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Voice and Speech Recognition Market Trends:
At present, there is an increase in the sales of consumer electronics, such as smartphones, laptops and tablets, on account of rapid urbanization, altering lifestyles, rising internet penetration and increasing consumer spending on entertainment and mobile communication. This, in turn, is impelling the voice and speech recognition market across the globe. Apart from this, owing to the implementation of stringent on-road regulations by governments of numerous countries, there is a rise in the demand for voice-driven navigation systems, which is further contributing to the market growth. Furthermore, some of the leading players are investing in research and development (R&D) activities to introduce innovative products. For instance, Google LLC has developed Google Duplex, a project that enables users to make reservation calls at restaurants, clinics, and other places. This project, with the help of Google Assistant, aids users in conducting natural conversations on calls while booking reservations. Besides this, the application of voice and speech recognition is also expanding in the banking sector due to data security concerns during online banking. Looking forward, IMARC Group expects the market to grow at a CAGR of 19.5% during 2021-2026.
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/voice-speech-recognition-market
Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
· Nuance Communication
· Microsoft
· Google, Inc
· IBM
· Baidu, Inc
· Facebook, Inc.
· Apple, Inc.
· Amazon, Inc.
· Advanced Voice Recognition Systems
· M2SYSLLC
· Sensory
· BioTrust ID B.V.
· Voicebox Technologies
Voice and Speech Recognition Market Segmentation:
Our report has categorized the market based on region, technology, deployment mode, delivery methods and end-use.
Market Breakup by Technology:
· Voice Recognition
· Speech Recognition
Market Breakup by Deployment Mode:
· On Cloud
· On-Premises/Embedded
Market Breakup by Delivery Methods:
· Artificial Intelligence (AI) Based
· Non-Artificial Intelligence Based
Market Breakup by End-Use:
· Automotive
· Enterprise
· Consumer
· Banking, Financial Services, and Insurance (BFSI)
· Government
· Retail
· Healthcare
· Others
Market Breakup Region:
· North America (United States, Canada)
· Europe (Germany, France, United Kingdom, Italy, Spain, Others)
· Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
· Latin America (Brazil, Mexico, Others)
· Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
· Market Performance (2015-2020)
· Market Outlook (2021-2026)
· Porter’s Five Forces Analysis
· Market Drivers and Success Factors
· SWOT Analysis
· Value Chain
· Comprehensive Mapping of the Competitive Landscape
We are updating our reports, If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Competitive landscape, etc. Click request free sample report, the report will be delivered to you in PDF format via email within 24 to 48 hours after the payment confirmation.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US:
IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
Other Reports of IMARC Group:
Speech Analytics Market: https://www.imarcgroup.com/speech-analytics-market
Text Analytics Market: https://www.imarcgroup.com/text-analytics-market
Mobile Device Management Market: https://www.imarcgroup.com/mobile-device-management-market
Data Quality Tools Market: https://www.imarcgroup.com/data-quality-tools-market
Home Automation System Market: https://www.imarcgroup.com/home-automation-system-market
Student Information System Market: https://www.imarcgroup.com/student-information-system-market
Robotic Vacuum Cleaner Market: https://www.imarcgroup.com/robotic-vacuum-cleaner-market
Smart Container Market: https://www.imarcgroup.com/smart-container-market
Augmented Reality Gaming Market: https://www.imarcgroup.com/augmented-reality-gaming-market
Radio Frequency Duplexer Market: https://www.imarcgroup.com/radio-frequency-duplexer-market
As per the latest report by IMARC Group, titled “Voice and Speech Recognition Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global voice and speech recognition market reached a value of US$ 9.9 Billion in 2020. Voice and speech recognition is an authentication technology that decodes human voice. It assists in operating electronic devices and performing commands without the utilization of other input devices. It translates commands into electrical signals, converts them into coding patterns and sends them back to the device in the digital format for final execution. This technology is currently available in smartphones and other consumer electronics, owing to the advancements in the processing capabilities and improvements in network connectivity. It is rapidly gaining traction across the globe on account of the increasing use of artificial intelligence (AI) and intelligent assistants (IAs), such as Apple’s Siri, Microsoft’s Cortana and Amazon’s Alexa.
Request to get the sample report:https://www.imarcgroup.com/voice-speech-recognition-market/requestsample
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Voice and Speech Recognition Market Trends:
At present, there is an increase in the sales of consumer electronics, such as smartphones, laptops and tablets, on account of rapid urbanization, altering lifestyles, rising internet penetration and increasing consumer spending on entertainment and mobile communication. This, in turn, is impelling the voice and speech recognition market across the globe. Apart from this, owing to the implementation of stringent on-road regulations by governments of numerous countries, there is a rise in the demand for voice-driven navigation systems, which is further contributing to the market growth. Furthermore, some of the leading players are investing in research and development (R&D) activities to introduce innovative products. For instance, Google LLC has developed Google Duplex, a project that enables users to make reservation calls at restaurants, clinics, and other places. This project, with the help of Google Assistant, aids users in conducting natural conversations on calls while booking reservations. Besides this, the application of voice and speech recognition is also expanding in the banking sector due to data security concerns during online banking. Looking forward, IMARC Group expects the market to grow at a CAGR of 19.5% during 2021-2026.
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/voice-speech-recognition-market
Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
· Nuance Communication
· Microsoft
· Google, Inc
· IBM
· Baidu, Inc
· Facebook, Inc.
· Apple, Inc.
· Amazon, Inc.
· Advanced Voice Recognition Systems
· M2SYSLLC
· Sensory
· BioTrust ID B.V.
· Voicebox Technologies
Voice and Speech Recognition Market Segmentation:
Our report has categorized the market based on region, technology, deployment mode, delivery methods and end-use.
Market Breakup by Technology:
· Voice Recognition
· Speech Recognition
Market Breakup by Deployment Mode:
· On Cloud
· On-Premises/Embedded
Market Breakup by Delivery Methods:
· Artificial Intelligence (AI) Based
· Non-Artificial Intelligence Based
Market Breakup by End-Use:
· Automotive
· Enterprise
· Consumer
· Banking, Financial Services, and Insurance (BFSI)
· Government
· Retail
· Healthcare
· Others
Market Breakup Region:
· North America (United States, Canada)
· Europe (Germany, France, United Kingdom, Italy, Spain, Others)
· Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
· Latin America (Brazil, Mexico, Others)
· Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
· Market Performance (2015-2020)
· Market Outlook (2021-2026)
· Porter’s Five Forces Analysis
· Market Drivers and Success Factors
· SWOT Analysis
· Value Chain
· Comprehensive Mapping of the Competitive Landscape
We are updating our reports, If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Competitive landscape, etc. Click request free sample report, the report will be delivered to you in PDF format via email within 24 to 48 hours after the payment confirmation.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US:
IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
Other Reports of IMARC Group:
Speech Analytics Market: https://www.imarcgroup.com/speech-analytics-market
Text Analytics Market: https://www.imarcgroup.com/text-analytics-market
Mobile Device Management Market: https://www.imarcgroup.com/mobile-device-management-market
Data Quality Tools Market: https://www.imarcgroup.com/data-quality-tools-market
Home Automation System Market: https://www.imarcgroup.com/home-automation-system-market
Student Information System Market: https://www.imarcgroup.com/student-information-system-market
Robotic Vacuum Cleaner Market: https://www.imarcgroup.com/robotic-vacuum-cleaner-market
Smart Container Market: https://www.imarcgroup.com/smart-container-market
Augmented Reality Gaming Market: https://www.imarcgroup.com/augmented-reality-gaming-market
Radio Frequency Duplexer Market: https://www.imarcgroup.com/radio-frequency-duplexer-market