Asia-Pacific Speech and Voice Recognition Market
The Asia-Pacific Speech and Voice Recognition Market report published by Data Bridge Market research is the representation of data and analysis of the market. It gives detailed analysis of the current market scenario and a market forecast till 2026. The data included in this Asia-Pacific Speech and Voice Recognition Market report provides detailed information of the geographic landscape, competitive scenarios and upcoming opportunities in the Industry. The inclusion of the statistical records in the Asia-Pacific Speech and Voice Recognition Market report helps in authenticating the results that are being presented and thus provide a clear vision and indication to clients in understanding the response of the participants.
Asia-Pacific Speech and Voice Recognition Market is expected to reach USD 2,754.38 Million by 2025 from USD 397.49 Million in 2017, with the highest CAGR of 27.4% in the forecast period 2018 to 2025.
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Market Definition :
The major factors driving the growth of this market are the effective integration due to increased demand for voice and speech-based biometric systems, increasing demand for voice authentication in mobile applications and use of artificial intelligence (AI) on the accuracy of speech and voice recognition. On the other hand, disadvantages related to speech and voice recognition systems may hinder the growth of the market.
Key vendors operating in the market:
IFLYTEK CO. LTD. is going to dominate the speech and voice recognition market following with Nuance Communications, Inc. and Microsoft along with others such as HOYA Corporation, Raytheon, Advanced Voice Recognition Systems, Inc., Pareteum, Sensory, IncVoiceVault Inc., LumenVox, LLC., Acapela Group SA, VocalZoom, BioTrust, Uniphore, Voicebox Technologies Corporation and Cantab Research Limited among others.
Market Segmentation: Asia-Pacific Speech and Voice Recognition Market
- The Asia Pacific speech and voice recognition market is segmented based on technology into two notable segments; artificial intelligence based software and traditional software. The Speech and voice recognition market is dominated by artificial intelligence based software with 71.0% market share in 2017 and is expected to grow at the highest CAGR of 29.7% in the forecast period.
- The Asia Pacific speech and voice recognition market is segmented based on technology into two notable segments system; speech recognition software and voice recognition software. Speech recognition software is sub segmented on the basis of product type and usage. On the basis of product type, speech recognition software is sub segmented into text to speech and speech to text. Speech to text is further sub segmented into binary and multilingual. On the basis of usage, speech recognition software is sub segmented into back end, front end and end to end. Voice recognition software is sub segmented into voice verification software and voice identification software. The speech and voice recognition market is dominated by speech recognition software with 85.4% market share in 2017 and is expected to grow at the highest CAGR of 28.6% in the forecast period.
- The Asia Pacific speech and voice recognition market is segmented based on deployment into two notable segments; artificial intelligence based cloud based and on premise.
- The Asia Pacific speech and voice recognition market is segmented based on industry into eight notable segments system; entertainment and mobile apps, banking, healthcare, automobiles, analytics, security, education and academics and others.
Focal points covered in this Statistical Survey report
- This Asia-Pacific Speech and Voice Recognition Market report provides pin point analysis of the market outlook and later establishes its comparison with current patterns. Also it creates a relationship of the market outlook with Porter Five Force Analysis
- This research report is inclusive concept of the market progression. The market progression considers the components of the present situation and compares the current scenario of the market with future developmental chances.
- The Asia-Pacific Speech and Voice Recognition Market research report includes investigation at global and regional levels. These comprehensive and local level investigations are inclusive of the request as well as the supply powers which in turn willingly or unwillingly affects the market development
- Various Topics such as product offering, finance related data, recent developments, analysis of Strengths, weakness, Opportunities and Threats in the upcoming scenario are highlighted in this research report.
Why to purchase this report?
Following are the reasons to consider this Asia-Pacific Speech and Voice Recognition Market report:
- This ultimate guide will help you stay ahead in market as it furnishes you with the profiles of the key market players and their working methodologies and their decision making capabilities.
- The report analyzes various factors which act as drivers and restraints to development the overall Asia-Pacific Speech and Voice Recognition Market.
- This report not only analyzes present market condition but it likewise estimates how the Asia-Pacific Speech and Voice Recognition Market is going to perform for estimated time period of 2019-2025.
- It enables you to adopt smart methodologies and form better decisions by giving a clear idea about customer’s requirement and preferences regarding the product in particular region.
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