1 / 7

Speech & Voice Recognition Market Drivers and Challenges Report 2024

The technology is used in array of applications, owing to growing adoption of mobile & cloud technology and continuous advancements in computing power.

Akhilesh2124
Download Presentation

Speech & Voice Recognition Market Drivers and Challenges Report 2024

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Voice Recognition Market Share Analysis and Forecasts New Research Report : Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024 Low Power Wide Area Network

  2. Regional Analysis of Voice Recognition Market : • North America is expected to dominate the voice recognition market, owing to the deployment of biometric systems on a large scale due to the increasing need of high level security. • The industry in the region is driven by increasing government initiatives to deploy biometric systems, particularly in the U.S. • The Asia Pacific voice recognition market is expected to grow at fast pace, due to increasing IoT applications and demand for voice technology. • Growing requirement of this technology from self-service sectors such as banking and call centers is expected to drive voice recognition market growth in the region.

  3. Application Analysis of Voice Recognition Market : • The voice recognition market is classified into artificial intelligence based and non-artificial intelligence based. • Artificial-intelligence based solutions segment is expected to gain momentum, owing to the ability of this technology to recognize speech patterns accurately. • AI transforms voice into well-structured algorithms in steps such as formulation, representation of speech units, demonstration of correct inputs, and development of recognition algorithms.

  4. Application Analysis of Voice Recognition Market : • Integration of this technology with automobiles is increasingly gaining popularity, owing to growing stringency in regulations pertaining to mobile phones use while driving and implementation of hands free rules. • Voice commands enhance driver and passenger safety by enabling them to concentrate on driving. Manual interfaces to enter data in navigation system involves risks. Therefore, voice recognition market growth is anticipated to surge, owing to the ability of speech destination entry to help drivers follow route correctly. • Benefits of this technology such as better productivity, easy accessibility, and flexibility are expected to drive demand. The lack of ability to recognize speech in regional accent and high price of AI based systems is expected to challenge the voice recognition market demand.

  5. Competitive Market Share of Voice Recognition Market • Players in the voice recognition market include Nuance Communications, MMODAL Inc., Apple, Inc., Microsoft Inc., Sensory Inc., Agnitio SL, Advanced Voice Recognition Systems, Biotrust, ValidSoft UK Ltd., VoiceVault, M2SyS LLC, VoiceBox Technologies Corp., Raytheon BBN Technologies, and LumenVox LLC. • The voice recognition market is led by innovation and is highly competitive. Major players are increasingly focusing on increasing the accuracy of voice recognition to outwit the competitors.

  6. Browse Full Market Research Report On Voice Recognition Market @ https://goo.gl/Ce1C1h Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/1572

  7. Stay In Touch Website: www.gminsights.com Social Media:

More Related