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Speech Recognition Market

Speech Recognition Market by Deployment Mode (On Cloud and On Premise) and End Use (Consumer Electronics, Healthcare, Enterprise, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026

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Speech Recognition Market

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  2. Global Speech Recognition Market  "Speech recognition is especially designed for an interdisciplinary subfield of computational linguistics that develops methodologies and technologies that enable the recognition and translation of spoken language into text by computers. Increase in demand for speech recognition in automotive and rise in requirement of voice biometric systems for user authentication majorly drive the growth of the speech recognition market. Furthermore, North America is dominating the market share in terms of revenue, owing to wide presence of key market players in the region." Ankit Prajapati- Lead Analyst​ Semiconductor and Electronics at Allied Market Research​ Download PDF Sample

  3. Global Speech Recognition Market According to a recent report published by Allied Market Research, titled, "Speech Recognition Market by Deployment and End User: Global Opportunity Analysis and Industry Forecast, 2018–2026," the global speech recognition market size was valued at $6.39 billion in 2018, and is projected to reach $29.28 billion by 2026, registering a CAGR of 19.9% from 2019 to 2026. Speech recognition technology catches and identifies the audio signals in the form of language and converts these signals into the machine-readable form. The increase in penetration of artificial intelligence along with development of next generation home automation products is expected to drive the demand for speech recognition market. Several IT technology giants such as Google, and Amazon have developed voice-based virtual assistant based on this technology. AI-based speech recognition was one of the trending technologies in CES, 2018, worldwide recognized trade show by Consumer Technology Association.  Download PDF Sample

  4. Global Speech Recognition Market The on-premise segment was the highest contributor to the global speech recognition market, with more than 50% share. However, the on-cloud deployment segment is anticipated to witness highest CAGR during forecast period, owing to ability of could-based devices to help organization reduce CAPEX and OPEX and allow them to gain a considerably high level of efficiency at minimal cost. By end use, the healthcare segment is anticipated to dominate the market during forecast period, owing to emergence of enhanced technologies in medical devices such as wireless communication, sensors, ECG electrocardiogram, body area network (BAN) used for heart rate monitoring, and devices to monitor pulse rate, temperature, oxygen, and blood pressure. Download PDF Sample

  5. Global Speech Recognition Market • Key Benefits for Stakeholders: • This study includes the analytical depiction of the global speech recognition industry size along with the current trends and future estimations to determine the imminent investment pockets. • The speech recognition market size is determined to understand the profitable trends to gain a stronger foothold. • The report presents information related to key drivers, restraints, and opportunities with a detailed impact on the speech recognition market analysis. • The current speech recognition market forecast is quantitatively analyzed from 2018 to 2026 to benchmark the financial competency. • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the speech recognition market. • The report includes the speech recognition market share of key vendors and speech recognition market trends. Download PDF Sample

  6. Global Speech Recognition Market Major Companies: IBM Corporation., Baidu, Inc., speak2web, Amazon. Com, Inc., Microsoft Corporation, IFLYTEK Inc., Nuance Communications, Inc., Sensory Inc., Raytheon Company, Google Inc. (Alphabet Inc.) These key players have adopted strategies, such as product portfolio, agreements, and partnership to enhance their position in the UV LED Market.  Download PDF Sample

  7. Global Speech Recognition Market Contact: David Correa 5933 NE Win Sivers Drive  #205, Portland, OR, United States TollFree (USA/Canada): +1-800-792-5285, +1-503-894-6022 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060  Fax: +1(855)550-5975 help@alliedmarketresearch.com Web: https://www.alliedmarketresearch.com Download PDF Sample

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