msbaheti

1

• Speech and Voice Recognition Market to Reach USD
  28.3 Billion by 2026
•  
• The advent of advance technologies in diverse
  industries such as healthcare, banking, medicine,
  and others is promoting the growth of the global
  speech and voice recognition market says Fortune
  Business Insights in their new study. The study
  is titled Speech and Voice Recognition Market
  Size, Share and Global Trend By Component
  (Solution, Services), By Technology (Voice
  Recognition, Speech Recognition), By Deployment
  (On-Premises, Cloud), By End-User (Healthcare, IT
  and Telecommunications, Automotive, BFSI,
  Government, Legal, Retail, Travel and Hospitality
  and Others) and Geography Forecast till 2026.The
  report offers comprehensive market overview,
  covering the most significant trends prevalent in
  the global market. It presents insights into the
  key growth drivers and restraints influencing the
  speech and voice recognition market growth
  trajectory.
• Request a Sample Copy of the Research Report
• https//www.fortunebusinessinsights.com/enquiry/re
  quest-sample-pdf/speech-and-voice-recognition-mark
  et-101382

2

• Drivers Restraints-
• Voice Controlled Devices to find Application in
  Various Sectors
• Various factors are responsible for the growth of
  the global speech and voice recognition market.
  Speech and voice recognition helps to recognize
  phrases or words and converts them to a
  machine-readable format. Users can control
  devices with the help of speech and voice as the
  audio and text received by such devices
  automatically gets converted into a
  machine-friendly format, making it easier for
  humans to operate devices without having to
  indulge time and effort by operating other
  devices such as a mouse, keyboard, and others.
  This is a major factor promoting the growth of
  the global speech and voice recognition market
  and anticipated to continue doing the same during
  the forecast period.
• To get to know more about the short-term and
  long-term impact of COVID-19 on this market,
  please visit
• https//www.fortunebusinessinsights.com/industry-r
  eports/speech-and-voice-recognition-market-101382

3

• Regional Analysis-
• North America to Remain Dominant with Large Scale
  Deployment of Smart Devices
• Geographically, the highest speech and voice
  recognition market revenue was registered in
  North America. The North America market was
  valued at US 2934.5 Mn in 2018. This is owing to
  the large scale deployment of smart devices and
  surge in adoption of technologically advanced
  devices such as IoT and AI that is compelling
  people in the U.S. and Canada to opt for voice
  recognition devices. An estimate of one-third
  people in developed nations such as the U.S. is
  anticipated to use voice recognition devices in
  near future. Another factor helping North America
  market to continue its dominance in the coming
  years is the presence of major company bases such
  as Raytheon BBN, AT T, and others in its
  developed nations.

4

• A list of all the prominent speech and voice
  recognition providers operating in the global
  market
• Raytheon Company
• Microsoft
• Apple Inc.
• Amazon Inc.
• Baidu. Inc
• Facebook
• Google
• IBM
• VoiceTrust
• VoiceBase Inc.
• M2SYS Technology - KernellÓ Inc.
• Fulcrum Biometrics LLC
• Brianasoft
• Advanced Voice Recognition Systems Inc.
• Nuance Communication Inc.
• Auraya
• Sensory Inc.
• Neurotechnology