Science & Technology

Global Speech and Voice Recognition Market is Expected to Boom Worldwide By 2025 : Nuance Communications, Inc. Microsoft and IFLYTEK CO. LTD. HOYA Corporation, Raytheon, Advanced Voice Recognition Systems

Global Speech and Voice Recognition Market report is a comprehensive study of how the Abc industry is changing due to Global Speech and Voice Recognition Market . There are several systematic information in the report, like what the estimation of CAGR levels in the forecasted years of 2018-2025, and the market definition, classifications, applications, and market trends signify and how to use them to achieve a greater edge on the key players and brands.

This report also contains the company profiles of the top players and brands and their recent developments, product launches, joint ventures, mergers and accusations by the top brands and players. The report simultaneously sheds light on the market drivers and restraints with help of SWOT analysis.

Global Speech and Voice Recognition Market is expected to reach USD 6,770.21 Million by 2025 from USD 1,095.00 Million in 2017, at a CAGR of 25.7% in the forecast period 2018 to 2025 in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025. Speech recognition software market has the largest market segment in speech an voice recognition market.

Focus of the report

  1. CAGR values in the market for the forecast period
  2. Key trends in the market place
  3. Major players and brands
  4. Historical and current market size and projection up to 2025.
  5. Detailed overview of parent market
  6. Changing market dynamics of the industry

Top Key Players:The global speech and voice recognition market is highly concentrated to a few big players and rest to local players who cater to domestic markets only. Nuance Communications, Inc. dominates speech and voice recognition market, accounting for the highest market share in 2017, followed by Microsoft and IFLYTEK CO. LTD. Other players in this market include HOYA Corporation, Raytheon, Advanced Voice Recognition Systems, Inc., Pareteum, Sensory, Inc., VoiceVault Inc., LumenVox, LLC., Acapela Group SA, VocalZoom, BioTrust, Uniphore, Voicebox Technologies Corporation and Cantab Research Limited among others holds 24.2% of the global speech and voice recognition in 2017.

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Report synopsis

  1. To analyze the market size of the market and infer the key trends from it.
  2. Comprehensive quantitative analysis of the industry is provided for the period of 2018-2025 to assist stakeholders to capitalize on the prevailing market opportunities.
  3. Industry Chain Suppliers of global speech and voice recognition market with Contact Information
  4. To inspect the market based on product, market share and size of the product share.
  5. Industry Chain Suppliers of global speech and voice recognition market with Contact Information
  6. The key findings and recommendations highlight crucial progressive industry trends in the global speech and voice recognition market ,thereby allowing players to develop effective long term strategies

Market Segmentation:By Technology (Artificial Intelligence Based Software, Traditional Software), Product Type (Speech Recognition Software, Voice Recognition Software), Deployment (Cloud Based, On Premise), Industry (Entertainment & Mobile Apps, Banking, Healthcare, Automobiles, Analytics, Security, Education & Academics), Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa)- Industry Trends and Forecast to 2025

Complete Analysis Along Top Companies like:

Nuance Communications, Inc.:

Founded in 1992 and headquartered in Burlington, U.S. Nuance Communications, Inc. is engaged in providing voice recognition and natural language understanding solutions. The company operates through four segments namely healthcare, mobile, enterprise and imaging.  The voice and speech recognition related products lie in healthcare sector and mobile application. The healthcare sector offers documentation process with the help of artificial intelligence, cloud application and other related solutions. In mobile application segment the services are provided in the form of applications such as, voice recognition, and text-to-speech and among others.

Recent Developments:

  1. In March, 2017, Nuance Communications, Inc. unveiled the latest version of Dragon Software for better accuracy, and timely detailed information.
  2. In October, 2017, Nuance Communications, Inc. has been ranked 1St for the end-to-end healthcare coding, clinical documentation improvement (CDI), transcription and speech recognition technology in black book.
  3. In September, Nuance Communications, Inc. announced that clinical speech recognition through the Nuance Dragon Medical One cloud platform will be supported by Imprivata Cortext, for the secured communications platform.

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Microsoft :

Founded in 1975 and headquartered in Washington, United States. Microsoft is the global leader in providing and also developing software products, services, and devices globally. The company’s operates through various segments Office, Exchange, SharePoint, Skype, and Office 365 consumer services, such as Skype, Outlook.com, and OneDrive; Dynamics business solutions. Microsoft Cloud segment licenses server includes products such as Microsoft SQL Server, Windows Server, Visual Studio, System Center, and related CALs, as well as Azure, a cloud platform..

IFLYTEK CO. LTD.:

Founded in 1999 and headquartered in Hefei City, China. IFLYTEK CO. LTD. is engaged in developing and providing the software and chip products, information technology (IT) service.  The company operates across various segments namely speech engine, education product, mobile application, interactive music among others. The voice and speech recognition lie under speech engine and mobile application. The company’s’ software and solution are widely applicable in enormous industries such as, telecommunication, bank, electricity, social security, agriculture, securities, insurance, post and other industries.

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