1h Free Analyst Time
The voice speech recognition software market is forecasted to grow by USD 20.06 billion during 2023-2028, accelerating at a CAGR of 15.7% during the forecast period. The report on the voice speech recognition software market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing adoption of technologically advanced mobile devices, increasing demand for voice-driven navigation systems and workstations, and growing use of voice biometrics.
The voice speech recognition software market is segmented as below:
By Technology
- Voice recognition
- Speech recognition
By End-user
- Healthcare
- Consumer products
- Automotive
- Enterprise contact centers
- Others
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
The report on the voice speech recognition software market covers the following areas:
- Voice speech recognition software market sizing
- Voice speech recognition software market forecast
- Voice speech recognition software market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Technology
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global voice speech recognition software market: 3M Co., Advanced Voice Recognition Systems Inc., Alphabet Inc., Amazon.com Inc., Apple Inc., Baidu Inc., Brainasoft, CastleOS Software LLC, Cisco Systems Inc., iFLYTEK Co. Ltd., International Business Machines Corp., LumenVox GmbH, Meta Platforms Inc., Microsoft Corp., Optimal Technology Solutions LLC, paragon GmbH and Co. KGaA, RTX Corp., Sensory Inc., speak2web, and Verint Systems Inc..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is growing use of AI integrated with voice and speech analytics."
According to the report, one of the major drivers for this market is the increasing adoption of technologically advanced mobile devices.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 3M Co.
- Advanced Voice Recognition Systems Inc.
- Alphabet Inc.
- Amazon.com Inc.
- Apple Inc.
- Baidu Inc.
- Brainasoft
- CastleOS Software LLC
- Cisco Systems Inc.
- iFLYTEK Co. Ltd.
- International Business Machines Corp.
- LumenVox GmbH
- Meta Platforms Inc.
- Microsoft Corp.
- Optimal Technology Solutions LLC
- paragon GmbH and Co. KGaA
- RTX Corp.
- Sensory Inc.
- speak2web
- Verint Systems Inc.
