Speech & Voice Recognition Software Developers in the UK - Industry Market Research Report

Speaking up: Industry revenue is expected to rise in 2023-24 due to increasing adoption of software by businesses

Speech recognition software recognises the articulated words of a speaker and converts them into a digital format. Voice recognition can be used like a fingerprint and is aimed toward identifying the speaker, often for security purposes, using voice biometrics solutions. Furthermore, voice recognition helps consumers with high accuracy speech recognition, natural language understanding, dialog and information management, text to speech and optical recognition. Software developers in this industry license products to companies that produce mobile and consumer devices, including mobile phones and Global Positioning Systems. Companies in the industry develop speech and voice recognition software. Voice recognition software uses an individual’s voice for recognition purposes, while speech recognition signifies the ability of a machine to understand and carry out spoken commands by interpreting articulated words. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.