Speech and Voice Recognition Market Worth 18.30 Billion USD by 2023

USA - English

• India - English

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 72 Market Data Tables and 49 Figures spread through 165 Pages and in-depth TOC on "Speech and Voice Recognition Market - Global Forecast to 2023

http://www.marketsandmarkets.com/Market-Reports/speech-voice-recognition-market-202401714.html

Early buyers will receive 10% customization on reports

Increased demand for speech-based biometric systems for multifactor authentication and growing impact of artificial intelligence (AI) on the accuracy of speech and voice recognition drive the growth of the market.

Voice recognition technology expected to grow at higher CAGR during forecast period 

The market for voice recognition is expected to grow at a higher CAGR during the forecast period. The need for biometrics authentication leads to the growing integration of voice authentication in mobile banking and creates a growing demand for multifactor authentication in enterprises and industries, leading to the growth of the market for voice recognition.

In October 2016, VoiceVault Inc. (US) partnered with BioConnect (US) to develop and integrate biometric authentication technologies into digital banking and finance platforms. This partnership enabled the integration of the existing voice recognition software of VoiceVault Inc. into the BioConnect Identity Platform a mobile platform offering biometric authentication solutions with voice and eye-scanning technology or password technology.

Download PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=202401714

Consumer vertical expected to hold largest share of speech and voice recognition market during forecast period

The key factor contributing to the growth of the speech and voice recognition market in the consumer vertical is increasing efforts of original equipment manufacturers (OEMs) to bring speech and voice recognition technology in their devices.

Americas expected to hold largest share of speech and voice recognition market during forecast period 

The key factor contributing to the growth of the speech and voice recognition market in the Americas is the increase in the deployment of biometric systems to ensure high level of security in countries such as the US, Canada, and Mexico. For instance, in June 2017, VIQ Solutions Inc. (Canada) partnered with Pivot Technology Solutions, Inc. (Canada) to access Pivot Technology Solutions' innovative products, next-generation ultra-secure platform, CyberCrypt, video capture devices, and high-definition (HD) telepresence systems, along with end-to-end services for the customer base of public organizations and private enterprises.

Inquiry Before Buy @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=202401714

Major players operating in the speech and voice recognition market include Nuance Communications, Inc. (US), Microsoft Corporation (US), Alphabet Inc. (US), Cantab Research Limited (UK), Sensory, Inc. (US), ReadSpeaker Holding B.V. (Netherlands), Pareteum Corporation (US), Iflytek Co., Ltd. (China), VoiceVault Inc. (US), VoiceBox Technologies Corp. (US), LumenVox, LLC (US), and Acapela Group SA (Belgium).

Browse Related Reports 

Text-to-Speech Market by Vertical (Healthcare, Enterprise, Consumer Electronics, Automotive & Transportation, Finance, Education, Retail), and Geography(Americas, Europe, Asia Pacific) - Global Forecast to 2022
http://www.marketsandmarkets.com/Market-Reports/text-to-speech-market-2434298.html

Subscribe Reports from Semiconductor Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarkets™  

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel: +1-888-600-6441
Email: [email protected]

Visit Our Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors

Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

SOURCE MarketsandMarkets