Asia-Pacific Speech and Voice Recognition Market Registered USD 7,729.82 million and CAGR 24.7% New Business Opportunities, Growth Rate, Development Trend and Feasibility Studies by 2027 | Data Bridge Market Research

Bharat Book Bureau Provides the Trending Industry Research Report on “Speech and Voice Recognition Market with COVID-19 Impact Analysis by Delivery Method, Deployment Mode (On Cloud, On-Premises/Embedded), Technology (Speech Recognition, Voice Recognition), Vertical and Geography – Global Forecast to 2026” under Services Market Research Reports Category.

The report offers a collection of superior Industry research, Industry analysis,competitive intelligence and Industry reports.The speech and voice recognition market is expected to grow from USD 8.3 billion in 2021 to USD 22.0 billion by 2026; it is expected to grow at a CAGR of 21.6% during the forecast period.

An on-premises/embedded speech and voice recognition system has no formatting or coding issues while accessing databases.Consumer vertical of Speech and Voice Recognition Market is expected to have the largest market share during the forecast period.Mobile device authentication and control of wearable devices using voice commands are expected to drive the speech and voice recognition market.

Alphabet (US), Apple (US), and Microsoft (US) are leveraging their huge customer base and neural networks to process, understand and take decisive actions based on real-time voice inputs from the user.

The introduction of voice based smart devices in the consumer sector has led to the launch of many innovative products in the market.

The growing focus on artificial intelligence (AI) in industries and enterprises is also expected to contribute toward the growth of the voice recognition market in Asia Pacific during the forecast period.

The Global Speech & Voice Recognition Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.

The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The report offers a value chain analysis that gives a comprehensive outlook of the speech & voice recognition market.

The attractiveness analysis of this market has also been included so as to evaluate the segments that are anticipated to be profitable during the forecast period.Browse the complete Global Speech & Voice Recognition Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/6421-speech-voice-recognition-market-reportThe report also covers the complete competitive landscape of the global Speech & Voice Recognition market with company profiles of key players such as:Nuance Communications Inc.Microsoft CorporationAgnitio SLRaytheon BBN TechnologiesValidsoft UK LimitedSensory, Inc.Biotrust ID B.V.Voicevault Inc.Voicebox Technologies Corp.Lumenvox, LLCM2SYS LLCAdvanced Voice Recognition Systems, Inc.Mmodal Inc.SEGMENTATIONS IN REPORT:Speech & Voice Recognition Market Analysis by Technology:Speech RecognitionVoice RecognitionSpeech & Voice Recognition Market Analysis by Vertical:AutomotiveEnterpriseFinanceConsumerGovernmentRetailHealthcareOthersSpeech & Voice Recognition Market Analysis by Applications:Artificial IntelligenceNon-Artificial IntelligenceSpeech & Voice Recognition Market Analysis by Geography:North AmericaEuropeAsia PacificRest of the WorldDownload Free Sample Report of Global Speech & Voice Recognition Market @ https://www.decisiondatabases.com/contact/download-sample-6421The Global Speech & Voice Recognition Market has been exhibited in detail in the following chapters –Chapter 1 Speech & Voice Recognition Market PrefaceChapter 2 Executive SummaryChapter 3 Speech & Voice Recognition Industry AnalysisChapter 4 Speech & Voice Recognition Market Value Chain AnalysisChapter 5 Speech & Voice Recognition Market Analysis By TechnologyChapter 6 Speech & Voice Recognition Market Analysis By VerticalChapter 7 Speech & Voice Recognition Market Analysis By ApplicationsChapter 8 Speech & Voice Recognition Market Analysis By GeographyChapter 9 Competitive Landscape Of Speech & Voice Recognition CompaniesChapter 10 Company Profiles Of Speech & Voice Recognition IndustryPurchase the complete Global Speech & Voice Recognition Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-6421Other Reports by DecisionDatabases.com:Global Facial Recognition Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Gesture Recognition Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Automatic Content Recognition Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.

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June 21, 2019: The global voice and speech recognition software market size is anticipated to reach USD 31.82 billion by 2025 and it is anticipated to register a CAGR of 17.5% during the forecast period.

The market is anticipated to witness an upsurge in the adoption of voice activated systems, voice-enabled devices, and voice-enabled virtual assistant systems owing to the rising application in the banking and automobile sectors.

The escalating need to counter fraudulent activities and to enhance security in the banking sector is projected to boost the adoption of voice biometrics for user authentication.Automobile sector is expected to gain momentum owing to advancements in technology and emergence of innovative concepts such as autonomous and connected cars.

Integration of voice-activated software in future cars is anticipated to drive demand for technologies such as noise abatement for selectively ignoring driving and passenger noises for providing an error-free and seamless experience to the operator.Voice recognition is also a core technology widely used in healthcare sector to enhance the Electronic Health Record (EHR) systems by providing an ease to the doctor to speak and keep the records instead of manual typing or writing.

In 2018, the healthcare vertical held the largest market share and is expected to grow significantly over the forecast period.The report “Voice and Speech Recognition Software Market to 2025” is available now at https://www.radiantinsights.com/research/voice-and-speech-recognition-software-marketArtificial Intelligence (AI)-based voice and speech recognition software is expected to expand at a high CAGR owing to the continuous development of machine learning techniques and integration of connected devices with personal assistants.

For instance, Dragon Drive is a personal assistant developed by Nuance Communication Inc. that integrates various household appliances, cars, and smartphones that can be connected to a hub through the internet.

As per the latest report by IMARC Group, titled “Voice and Speech Recognition Market size: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global voice and speech recognition market experienced robust growth during 2014-2019.

Voice and speech recognition is an authentication technology that decodes human voice.

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.Get a sample copy of this Report @ https://www.imarcgroup.com/voice-speech-recognition-market/requestsample  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.

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) 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.

The smart home voice recognition controller supports non-specific vocal Chinese and English voice offline recognition.

It adds a special filtering module to the analog and digital circuits.

It can support up to 200 command words through double microphone noise reduction and pickup.

Voice recognition in the environment (such as bedroom, study), the system gives a recognition rate of more than 95%.

And support touch button control.