Speech and Voice Recognition Market Report: Trends, Forecast and Competitive Analysis

Publisher: Lucintel
Publication Date: May, 2020
Technology & Telecommunication / IT Consulting and Services
Pages: 150+
Delivery Format: PDF

Trends, opportunities and forecast in speech and voice recognition market to 2024 by technology (voice recognition and speech recognition), end use industry (automotive, consumer, government, enterprise, healthcare, BFSI, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)

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The future of the speech and voice recognition market looks promising with opportunities in the automotive, enterprise, consumer, banking, financial services, insurance, government, retail, healthcar

e, military, legal, and education industries. The global speech and voice recognition market is expected to grow with a CAGR of 20% from 2019 to 2024. The major drivers for this market are increased demand for speech-based biometric systems for multifactor authentication, growing demand for voice authentication in mobile banking applications, and growth in voice control-based smart assistive devices in consumer and enterprise vertical.

A more than 150 pages report is developed to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of speech and voice recognition market report download the report brochure.

Speech and Voice Recognition Market by Segment Type

Market Share Analysis of Major Manufacturers

The study includes the speech and voice recognition market size and forecast for the global speech and voice recognition market through 2024, segmented by technology, end use industry, and region as follows:

By Technology [$M shipment analysis for 2013 – 2024]:

Voice Recognition
Speech Recognition

By End Use Industry [$M shipment analysis for 2013 – 2024]:

Automotive
Consumer
Government
Enterprise
Healthcare
BFSI
Others

By Region [$M shipment analysis for 2013 – 2024]:

North America
- United States
- Canada
- Mexico
Europe
- Germany
- UK
- Italy
Asia Pacific
- China
- Japan
- India
RoW

Some of the speech and voice recognition companies profiled in this report include Acapela Group Sa, AT&T Inc., Baidu, Inc., Lumenvox, LLC, Panasonic Corporation, Raytheon BBN Technologies, Samsung Electronics Co., Ltd., Vocalzoom Ltd., Voicebox Technologies Corp., Voicevault Inc.

Some of the features of this report:

Market size estimates: Speech and voice recognition market size estimation in terms of value ($M) shipment.
Trend and forecast analysis: Market trend (2013-2018) and forecast (2019-2024) by end use industry.
Segmentation analysis: Market size by various segments such as by technology, end use industry, and region.
Regional analysis: Speech and voice recognition market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
Growth opportunities: Analysis on growth opportunities in different applications and regions for speech and voice recognition in the speech and voice recognition market.
Strategic analysis: This includes M&A, new product development, and competitive landscape for, speech and voice recognition in the speech and voice recognition market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

This report answers following 11 key questions:

Q.1 What are some of the most promising potential, high-growth opportunities for the global speech and voice recognition market by technology (voice recognition and speech recognition), end use industry (automotive, consumer, government, enterprise, healthcare, BFSI, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the speech and voice recognition market?
Q.5 What are the business risks and threats to the speech and voice recognition market?
Q.6 What are emerging trends in this speech and voice recognition market and the reasons behind them?
Q.7 What are some changing demands of customers in the speech and voice recognition market?
Q.8 What are the new developments in the speech and voice recognition market? Which companies are leading these developments?
Q.9 Who are the major players in this speech and voice recognition market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this speech and voice recognition area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this, speech and voice recognition market?

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Speech and Voice Recognition Market Report: Trends, Forecast and Competitive Analysis

The future of the speech and voice recognition market looks promising with opportunities in the automotive, enterprise, consumer, banking, financial services, insurance, government, retail, healthcar

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