Voice Recognition Market Size, Market Share, Application Analysis,
Regional Outlook, Growth Trends, Key Players, Competitive Strategies and
Forecasts, 2018 To 2026” report has been added to ResearchAndMarkets.com’s
The global voice recognition market is expected to witness a growth of
14.5% CAGR during the forecast period 2018 – 2026.
Voice recognition systems are security solutions used to either grant or
deny access to individuals by identifying and matching their voice
pattern. The banking and finance sector has been increasingly deploying
biometric security solutions for improving security and customer
experience. On the other hand, government agencies and enterprises
across the globe are adopting biometric technologies for thwarting
Rising incidences of fraudulent activities in various sectors and
increased adoption of mobile banking, especially among e-commerce
retailers are collectively expected to drive the voice recognition
market worldwide. The global voice recognition market is likely to
achieve great heights in the coming years due to the advancements in
technology and the resulting shift towards automated and smart
solutions. Rapid progressions in technology have led to development and
growing usage of voice recognition technology for multiple applications.
The technology is used across various end-use verticals including
healthcare, consumer, BFSI, and automobile among others. Additionally,
multitude of research in the field of internet of things (IoT) and
artificial intelligence (AI) is further supporting the market growth.
However, lack of accuracy, especially in noisy and severe environments,
inability to recognize voice in regional accent, and high costs
associated with the AI based systems are some of the factors challenging
the growth of the voice recognition market.
Major players in the industry have concentrated their efforts on
improving their language modeling and recognition algorithms.
Advancements in language modeling and recognition algorithms is expected
to periodically improve recognition accuracy, thereby driving adoption
across different verticals.
Key Topics Covered:
2. Executive Summary
3. Global Voice Recognition Market Analysis
4. Global Voice Recognition Market Value, By Component, 2018 – 2026 (US$
5. Global Voice Recognition Market Value, By Application, 2018 – 2026
6. Global Voice Recognition Market Value, By End-Use Vertical, 2018 –
2026 (US$ Bn)
7. North America Voice Recognition Market Analysis, 2018 – 2026 (US$ Bn)
8. Europe Voice Recognition Market Analysis, 2018 – 2026 (US$ Bn)
9. Asia Pacific Voice Recognition Market Analysis, 2018 – 2026 (US$ Bn)
10. Rest of World Voice Recognition Market Analysis, 2018 – 2026 (US$ Bn)
11. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/pwfl6x/global_voice?w=4
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