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The future of the speech and voice recognition market looks promising with opportunities in the automotive, enterprise, consumer, banking, financial services, insurance, government, retail, healthcare, military, legal, and education industries.

The global speech and voice recognition market is expected to grow with a CAGR of 20% from 2019 to 2024. The major drivers for this market are increased demand for speech-based biometric systems for multifactor authentication, growing demand for voice authentication in mobile banking applications, and growth in voice control-based smart assistive devices in consumer and enterprise vertical.
 
A more than 150 pages report is developed to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of speech and voice recognition market report download the report brochure.
 
speech and voice recognition market


speech and voice recognition market



speech and voice recognition market
 
 
The study includes the speech and voice recognition market size and forecast for the global speech and voice recognition market through 2024, segmented by technology, end use industry, and region as follows:
 
By Technology [$M shipment analysis for 2013 – 2024]:
  • Voice Recognition
  • Speech Recognition
By End Use Industry [$M shipment analysis for 2013 – 2024]:
  • Automotive
  • Consumer
  • Government
  • Enterprise
  • Healthcare
  • BFSI
  • Others
By Region [$M shipment analysis for 2013 – 2024]:
  • North America
  • United States
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • Italy
  • Asia Pacific
  • China
  • Japan
  • India
  • RoW
Some of the speech and voice recognition companies profiled in this report include Acapela Group Sa, AT&T Inc., Baidu, Inc., Lumenvox, LLC, Panasonic Corporation, Raytheon BBN Technologies, Samsung Electronics Co., Ltd., Vocalzoom Ltd., Voicebox Technologies Corp., Voicevault Inc.
 
Some of the features of this report:
  • Market size estimates: Speech and voice recognition market size estimation in terms of value ($M) shipment.
  • Trend and forecast analysis: Market trend (2013-2018) and forecast (2019-2024) by end use industry.
  • Segmentation analysis: Market size by various segments such as by technology, end use industry, and region.
  • Regional analysis: Speech and voice recognition market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth opportunities: Analysis on growth opportunities in different applications and regions for speech and voice recognition in the speech and voice recognition market.
  • Strategic analysis: This includes M&A, new product development, and competitive landscape for, speech and voice recognition in the speech and voice recognition market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report answers following 11 key questions:
 
Q.1 What are some of the most promising potential, high-growth opportunities for the global speech and voice recognition market by technology (voice recognition and speech recognition), end use industry (automotive, consumer, government, enterprise, healthcare, BFSI, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the speech and voice recognition market?
Q.5 What are the business risks and threats to the speech and voice recognition market?
Q.6 What are emerging trends in this speech and voice recognition market and the reasons behind them?
Q.7 What are some changing demands of customers in the speech and voice recognition market?
Q.8 What are the new developments in the speech and voice recognition market? Which companies are leading these developments?
Q.9 Who are the major players in this speech and voice recognition market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this speech and voice recognition area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this, speech and voice recognition market?
 
Table of Content
 
1. Executive Summary
 
2. Market Trends and Forecast Analysis from 2013 to 2024
   2.1: Introduction, Background, and Classification
   2.2: Supply Chain
   2.3: Industry Drivers and Challenges
 
3. Market Trends and Forecast Analysis from 2013 to 2024
   3.1: Macroeconomic Trends and Forecast
   3.2: Global Speech and Voice Recognition Market:Trends and Forecast
   3.3: Global Speech and Voice Recognition Market by Technology
   3.3.1: Voice Recognition
   3.3.2: Variable Speech Recognition
   3.4: Global Speech and Voice Recognition Market by End Use Industry
   3.4.1: Automotive
   3.4.2: Consumer
   3.4.3: Government
   3.4.4: Enterprise
   3.4.5: Healthcare
   3.4.6: BFSI
   3.4.7: Others
 
4. Market Trends and Forecast Analysis by Region
   4.1: Global Speech and Voice Recognition Market by Region
   4.2: North American Speech and Voice Recognition Market
4.2.1: Market by End Use Industry: Automotive, Consumer, Government, Enterprise, Healthcare, BFSI, and Others
4.2.2: Market by Technology: Voice Recognition and Speech Recognition
4.2.3: United States Speech and Voice Recognition Market Market
4.2.4: Canadian Speech and Voice Recognition Market
4.2.5: Mexican Speech and Voice Recognition Market
   4.3: European Speech and Voice Recognition Market
4.3.1: Market by End Use Industry: Automotive, Consumer, Government, Enterprise, Healthcare, BFSI, and Others
4.3.2: Market by Technology: Voice Recognition and Speech Recognition
4.3.3: German Speech and Voice Recognition Market
4.3.4: Italian Speech and Voice Recognition Market
4.3.5: The UK Speech and Voice Recognition Market
   4.4: APAC Speech and Voice Recognition Market
4.4.1: Market by End Use Industry: Automotive, Consumer, Government, Enterprise, Healthcare, BFSI, and Others
4.4.2: Market by Technology: Voice Recognition and Speech Recognition
4.4.3: Chinese Speech and Voice Recognition Market
4.4.4: Indian Speech and Voice Recognition Market
4.4.5: Japanese Speech and Voice Recognition Market
   4.5: ROW Speech and Voice Recognition Market
4.5.1: Market by End Use Industry: Automotive, Consumer, Government, Enterprise, Healthcare, BFSI, and Others
4.5.2: Market by Technology: Voice Recognition and Speech Recognition
 
5. Competitor Analysis
   5.1: Product Portfolio Analysis
   5.2: Market Share Analysis
   5.3: Operational Integration
   5.4: Geographical Reach
   5.5: Porter’s Five Forces Analysis
 
6. Growth Opportunities and Strategic Analysis
   6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for Global Speech and Voice Recognition Market by End Use Industry
6.1.2: Growth Opportunities for Global Speech and Voice Recognition Market by Technology
6.1.3: Growth Opportunities for Global Speech and Voice Recognition Market by Region
   6.2: Emerging Trends in Global Speech and Voice Recognition Market
   6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of Global Speech and Voice Recognition Market
6.3.3: Mergers, Acquisitions and Joint Ventures in the Global Market
6.3.4: Certification and Licensing
 
7. Company Profiles of Leading Players
   7.1:  Acapela Group Sa
   7.2: AT&T Inc.
   7.3: Baidu, Inc.
   7.4: Lumenvox, LLC.
   7.5: Panasonic Corporation
   7.6: Raytheon BBN Technologies
   7.7: Samsung Electronics Co., Ltd.
   7.8: Vocalzoom Ltd.
   7.9: Voicebox Technologies Corp.
   7.10: Voicevault Inc.
.

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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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