Global Speech and Voice Recognition Market
The Global Speech and Voice Recognition Market size was valued at USD 9.4 billion in 2022 and is forecasted to be USD 28.1 billion by 2027; growing at a CAGR of 24.4% from 2022 to 2027.
The Global Speech and Voice Recognition Market delivers a comprehensive evaluation of the market. It does give a comprehensive analysis via research study which observes historical data & emerging technology to determine the industry’s growth drivers.
Factors such as rapid usage of smart appliances, increasing demand in healthcare for improving efficiency and the use of artificial intelligence technology to boost the accuracy of speech and voice recognition systems are majorly driving the growth of the market during the forecast period.
In this report study, the key trend prospects & important drivers for the Speech and Voice Recognition market’s growth are explored and analysed in depth. The market dynamics included in the report includes drivers, restraints, opportunities, and challenges, which may have a positive or negative impact on market overall growth.
Global Speech and Voice Recognition Market Report Objective:
This report helps the user understand the market in terms of definition, segmentation, market potential, key trends, and industry challenges. Industry analysis was undertaken across the report’s framework, which will help readers obtain a comprehensive scenario of the market. The market statistics & data were acquired from reliable sources such as websites, annual reports of companies, journals, and other publications, then double-checked and validated by industry experts.
This report also covers PORTER’S five forces to help determine several factors like the threat of substitutes, competitive analysis, power of buyer, supplier as well as the threat of new entry. The report has classified the global Speech and Voice Recognition market based on Deployment Mode, Technology, Delivery Methods, End Use and Region.
Scope of the Report
The increasing adoption in sectors like AI, healthcare, retail, mobile banking, e-commerce, and cloud services is expected to propel growth in the market. The growing frequency of frauds in end-user industries such as banking, healthcare and retail is expected to increase the use of biometrics authentication, which should boost the voice recognition market.
Key Players:
The Speech and Voice Recognition market are dominated by a few globally established players such as Apple, Microsoft, IBM, Alphabet, Amazon, Baidu, iFlytek, SESTEK, speak2web, Verint, CANTAB Research, Sensory, Raytheon BBN Technologies, M2SYS, Acapela Group, ValidSoft, Dolbey, etc.
Market Taxonomy
By Deployment Mode
By Technology
By Delivery Methods
By End Use
By Region
Global Speech and Voice Recognition Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Speech and Voice Recognition Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Speech and Voice Recognition Market, By Deployment Mode
5.1 Y-o-Y Growth Comparison, By Deployment Mode
5.2 Global Speech and Voice Recognition Market Share Analysis, By Deployment Mode
5.3 Global Speech and Voice Recognition Market Size and Forecast, By Deployment Mode
5.3.1 On Cloud
5.3.2 On-Premises/Embedded
6 Global Speech and Voice Recognition Market, By Technology
6.1 Y-o-Y Growth Comparison, By Technology
6.2 Global Speech and Voice Recognition Market Share Analysis, By Technology
6.3 Global Speech and Voice Recognition Market Size and Forecast, By Technology
6.3.1 Speech Recognition
6.3.2 Automatic Speech Recognition
6.3.3 Text-To-Speech
6.3.4 Voice Recognition
6.3.5 Speaker Identification
6.3.6 Speaker Verification
7 Global Speech and Voice Recognition Market, By Delivery Methods
7.1 Y-o-Y Growth Comparison, By Vehicle Delivery Methods
7.2 Global Speech and Voice Recognition Market Share Analysis, By Delivery Methods
7.3 Global Speech and Voice Recognition Market Size and Forecast, By Delivery Methods
7.3.1 Artificial Intelligence (AI)-Based
7.3.2 Non-Artificial Intelligence-Based
8 Global Speech and Voice Recognition Market, By End Use
8.1 Y-o-Y Growth Comparison, By End Use
8.2 Global Speech and Voice Recognition Market Share Analysis, By End Use
8.3 Global Speech and Voice Recognition Market Size and Forecast, By End Use
8.3.1 Automotive
8.3.2 Enterprise
8.3.3 Consumer Applications
8.3.4 Banking, Finance Service & Insurance
8.3.5 Telecommunication
8.3.6 Government
8.3.7 Retail
8.3.8 Healthcare
8.3.9 Military
8.3.10 Legal
8.3.11 Education
8.3.12 Others
9 Global Speech and Voice Recognition Market, By Region
9.1 Global Speech and Voice Recognition Market Share Analysis, By Region
9.2 Global Speech and Voice Recognition Market Share Analysis, By Region
9.3 Global Speech and Voice Recognition Market Size and Forecast, By Region
10 North America Speech and Voice Recognition Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 North America Speech and Voice Recognition Market Share Analysis, By Deployment Mode
10.3 North America Speech and Voice Recognition Market Size and Forecast, By Technology
10.4 North America Speech and Voice Recognition Market Size and Forecast, By Delivery Methods
10.5 North America Speech and Voice Recognition Market Size and Forecast, By End Use
10.6 North America Speech and Voice Recognition Market Size and Forecast, By Country
10.6.1 U.S.
10.6.2 Canada
10.6.3 Mexico
11 Europe Speech and Voice Recognition Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Europe Speech and Voice Recognition Market Share Analysis, By Deployment Mode
11.3 Europe Speech and Voice Recognition Market Size and Forecast, By Technology
11.4 Europe Speech and Voice Recognition Market Size and Forecast, By Delivery Methods
11.5 Europe Speech and Voice Recognition Market Size and Forecast, By End Use
11.5 Europe Speech and Voice Recognition Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.6.4 Rest of Europe
12 Asia Pacific Speech and Voice Recognition Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Asia Pacific Speech and Voice Recognition Market Share Analysis, By Deployment Mode
12.3 Asia Pacific Speech and Voice Recognition Market Size and Forecast, By Technology
12.4 Asia Pacific Speech and Voice Recognition Market Size and Forecast, By Delivery Methods
12.5 Asia Pacific Speech and Voice Recognition Market Size and Forecast, By End Use
12.6 Asia Pacific Speech and Voice Recognition Market Size and Forecast, By Country
12.6.1 China
12.6.2 Japan
12.6.3 India
12.6.4 Rest of Asia Pacific
13 Latin America Speech and Voice Recognition Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Latin America Speech and Voice Recognition Market Share Analysis, By Deployment Mode
13.3 Latin America Speech and Voice Recognition Market Size and Forecast, By Technology
13.4 Latin America Speech and Voice Recognition Market Size and Forecast, By Delivery Methods
13.5 Latin America Speech and Voice Recognition Market Size and Forecast, By End Use
13.6 Latin America Speech and Voice Recognition Market Size and Forecast, Country
13.6.1 Brazil
13.6.2 Rest of Latin America
14 Middle East Speech and Voice Recognition Market Analysis and Forecast (2022-2027)
14.1 Introduction
14.2 Middle East Speech and Voice Recognition Market Share Analysis, By Deployment Mode
14.3 Middle East Speech and Voice Recognition Market Size and Forecast, By Technology
14.4 Middle East Speech and Voice Recognition Market Size and Forecast, By Delivery Methods
14.5 Middle East Speech and Voice Recognition Market Size and Forecast, By End Use
14.6 Middle East Speech and Voice Recognition Market Size and Forecast, By Country
14.6.1 Saudi Arabia
14.6.2 UAE
14.6.3 Egypt
14.6.4 Kuwait
14.6.5 South Africa
15 Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1 Apple
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2. Microsoft
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3. IBM
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 Alphabet
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 Amazon
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 Baidu
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 iFlytek
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8 SESTEK
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9 speak2web
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
16.10 Verint
16.10.1 Overview
16.10.2 Offerings
16.10.3 Key Financials
16.10.4 Business Segment & Geographic Overview
16.10.5 Key Market Developments
16.10.6 Key Strategies
