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Global Speech Recognition Software Industry Research Report, Growth Trends And Competitive Analysis 2018-2025
A speech recognition software identifies words spoken by an individual or speaker into a microphone, converts them into a computer-readable format, and responds automatically. These software applications recognize speech in multiple languages.
In terms of geography, the Americas dominated this market and is envisaged to grow at a CAGR of over 13% until the end of the forecast period. Factors like the increasing acceptance of speech recognition solutions in the healthcare and banking, financial services, and insurance sectors for time and attendance monitoring and access to organizations’ PCs, networks, and servers will result in the high growth of this market in the Americas.
In 2017, the global Speech Recognition Software market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2018-2025.
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The key players covered in this study
- IBM
- Microsoft
- Nuance Communications
- AT&T
- Raytheon BBN Technologies
- Sensory
- Dolby Systems
- LumenVox
- OnMobile Global
- Voxeo
Market segment by Type, the product can be split into
- Isolated Word Recognition
- Keyword Spotting
- Continuous Speech Recognition
Market segment by Application, split into
- Healthcare
- Military
- Automotive
- Retail
- Government
- Education
- BFSI
- Other
Market segment by Regions/Countries, this report covers
- United States
- Europe
- China
- Japan
- Southeast Asia
- India
- Central & South America
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QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert’s resources (included energy automotive chemical medical ICT consumer goods etc.
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