TOP Companies Operating in the Global Speech and Voice Recognition Market| Future Growth Outlook

The global speech and voice recognition market is expected to grow at a CAGR of 17.2% from 2019 to reach $26.79 billion by 2025, Says "Meticulous Research, where Asia Pacific speech and voice recognition market is expected to grow at the highest CAGR. Voice and speech recognition technologies authorize contactless control to several devices and equipment that delivers input for automatic translation and generates print-ready dictation. The speech recognition devices have the capability to respond to voice commands.

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The global speech and voice recognition market study presents historical market data (2017 & 2018), estimated current data (2019), and forecasts for 2025-by type (speech recognition, and voice recognition), end user (automotive, healthcare, BFSI, education, hospitality, government and public services, manufacturing/enterprise, retail and e-commerce, legal, consumer electronics, and military and defense), technology (artificial intelligence, and non-artificial intelligence). The study also evaluates industry competitors and analyzes the market at a country level.

The major players operating in the global speech and voice recognition market are,

Nuance Communications (U.S.)
Google LLC (U.S.)

Apple, Inc. (U.S.).

Amazon.com, Inc. (U.S.)

Microsoft Corporation (U.S.)

IBM Corporation (U.S.)

iFlytek (China)

Baidu (China)

LumenVox LLC (U.S.)

Sensory, Inc. (U.S.)

Sestek (Turkey)

Dolbey Systems, Inc. (OH)

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On the basis of geography, the global speech and voice recognition market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America region is estimated to account for the largest share of the global speech and voice recognition market in 2019, and is expected to continue to dominate the global market by 2025. The growth in this market is attributed to wide acceptance of advanced technologies and availability of smart devices in the region. However, Asia Pacific region showcases strong growth opportunities for voice and speech recognition technologies. This market is expected to grow at the fastest CAGR during the forecast period. Rising demand for voice biometric devices to ensure high-level security with the explosion of speech technologies primarily in the healthcare, autonomous and connected cars, and consumer electronics applications is expected to contribute to the growth of the voice and speech recognition technologies market in the Asia-Pacific region during 2019 to 2025.

Scope of the Report:

Market by Function

Speech Recognition
Automatic Speech Recognition
Text to Speech
Voice Recognition
Speaker Identification
Speaker Verification

Market by End-User

Automotive
Healthcare
BFSI
Education
Hospitality
Government and Public Services
Manufacturing/Enterprises
Retail and E-Commerce
Legal
Consumer Electronics
Military andDefense

Market by Technology

Artificial Intelligence
Non-Artificial Intelligence

Market by Geography:

North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Spain
Rest of the Europe
AsiaPacific
India
China
Australia And New Zealand
Japan
Rest of AsiaPacific
Latin America
Middle East and Africa

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Growing demand for connected cars, smart technologies, and high-level secured authentication devices; increasing adoption of teaching aid and evaluation systems especially in China; and increasing usage of smart devices such as smartphones and smart speakers by young consumer groups are driving Asia Pacific region to register the accelerated growth in the global voice and speech recognition market over the coming years.

Meticulous Research 's new report covers each of these companies in much more detail, providing analysis on the following:

Recent financial performance
Key products
Significant company strategies
Partnerships and acquisitions

The Comprehensive report provides global market size estimates, market share analysis, revenue numbers, and coverage of key issues and trends.

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About Meticulous Research::

The name of our company defines our services, strengths, and values. Since the inception, we have endeavoured to research, analyze and present the critical market data with great attention to details.

Meticulous Research was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, with the help of its unique research methodologies, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions.