Global voice and speech recognition market is growing at a
significant CAGR during the forecast period. The market is driven by increasing
demand for voice-enabled devices and voice-enabled virtual assistant systems
across the globe. Integration of AI technology with voice assistant technology
has allowed the machine to understand and respond. There are various voice
assistant systems available in the market including Google Home, Crotona, Siri,
and Alexa. The market growth is majorly driven by major players such as Google,
LLC, Microsoft Corporation, Amazon, and Apple, Inc. contributing significantly
in the voice and speech recognition market.
Browse
the full report description of "Voice and Speech Recognition Market at https://www.omrglobal.com/industry-reports/voice-speech-recognition-market
Factors
driving Global Voice and Speech Recognition Market
The
demand for voice recognition systems is increasing owing to higher demand for
better user experience. By using voice recognition, a user is thoroughly
capable of eliminating the need to use hands whether it’s using a mobile phone
or a computer. This enables the user to do another important task without being
distracted from that. It can be really beneficial at the time of driving a
vehicle or other purpose that might need usage of eyes and hands.
As
AI relies heavily on a large amount of data and AI development was possible
because of the huge amount of data accumulated by computing app over the last
few years across the world. With devices like Siri, Cortona, and Alexa, major
technology giants are now able to collect more data to assist in AI algorithm
enhancements better. This is the major step towards enabling AI to learn human
emotions and feelings and on top of that react to it more productively. Hence, contributing
to the demand for voice and speech recognition market.
Additionally,
voice recognition systems are now capable of being integrated with various home
appliances and devices such as smart bulbs, smart refrigerators, smart watches
and so on. This is beneficial for old age and physically handicapped people who
cannot access them physically. It allows them to play music and listen to the
news without even moving. Hence, more people are now able to see the benefits
of voice recognition systems which in turn is increasing the global voice and
speech recognition market.
Visit here to know more about Voice and speech recognition Market
study.
Security
and surveillance systems depend solely on accuracy and attention which needs
human observation, however, these can be easily implemented with the use of
computer systems so when information has to be exchanged, AI voice systems can
overcome this barrier by sending reliable information in very small amount of
time without generating any error or missing any information. Additionally,
voice recognition is said to be future proof when it comes to the language
barrier. Engineers are developing AI systems which can efficiently translate
one language into another. Moreover, the increased use of voice recognition
software is helping to better understand different languages.
Global
Voice and Speech Recognition Market-Segmentation
Global
Voice and Speech Recognition Market by Technology
- AI-based
- Non-AI based
Global
Voice and Speech Recognition Market by Vertical
- Automotive
- Consumer
- Government
- Enterprise
- Banking,
Financial Services and Insurance (BFSI)
- Others
(Healthcare)
Global
Voice and Speech Recognition Market-Region
North
America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- Rest of
Asia-Pacific
Rest
of the World
- Latin America
- Middle East
and Africa
To learn more about this report request a free
sample copy @ https://www.omrglobal.com/request-sample/voice-speech-recognition-market
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +1 646-755-7667, +91 780-304-040
No comments:
Post a Comment