The Voice Recognition market is anticipated to reach over $150 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the non AI-Based voice recognition segment dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global market revenue during the forecast period.
Get a sample of the report from -> https://www.orbisresearch.com/contacts/request-sample/3177934
The increasing demand for intelligent virtual assistants at homes and enterprises primarily supports the growth of voice recognition market. Moreover, the growing need for automation in customer service, and integration of virtual assistants with smart home appliances drive the growth of the market. Furthermore, the increasing need to streamline enterprise communication to improve productivity further influence voice recognition market growth during the forecast period. Other driving factors include increased use in automobiles, mobile banking applications, and electronic health record applications. Also, increasing applications in biometric systems for user authentication would boost the market growth during the forecast period. Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities in the coming years.
The major players operating in the voice recognition market include Google, Inc., Baidu, Inc., Facebook, Inc., Amazon.com, Inc., Advanced Voice Recognition Systems, Inc., Apple, Inc., CastleOS Software, LLC, International Business Machines Corporation, Microsoft Corporation, and Nuance Communications, Inc. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
For more Information or Any Query Visit @ https://www.orbisresearch.com/contacts/enquiry-before-buying/3177934
North America generated the highest revenue in the market in 2017, and is expected to lead the global voice recognition market throughout the forecast period. Use of intelligent virtual assistants to replace traditional interactive voice response systems has supported market growth in the North America. Use of intelligent virtual assistants is proving effective by enhancing customer and brand experience, and providing a consumer-friendly environment.
Similarly, the presence of established telecom and cloud infrastructure in this region, and growing trend of BYOD drive the voice recognition market growth in the region. The growing demand of mobile devices, and technological advancements further support market growth in the region. The demand for voice recognition systems has increased significantly in BFSI, and healthcare sectors in the region. Increasing adoption of smart homes, and smart buildings would provide growth opportunities for voice recognition market during the forecast period.
Browse Report @ https://www.orbisresearch.com/reports/index/voice-recognition-market-by-component-hardware-software-services-by-interface-ai-based-non-ai-based-by-end-user-automotive-healthcare-bfsi-consumer-retail-commercial-others-by-region-market-size-and-forecast-2018-2026
Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.
Senior Manager – Client Engagements
4144N Central Expressway,
Suite 600, Dallas,
Texas – 75204, U.S.A.
Phone No.: +1 (214) 884-6817; +9120641 01019
Email id: [email protected]
Latest posts by anita (see all)
- Quad High Definition Market 2020 Analysis By Growth Rate, Key Drivers, Restraints, Future Trends, Opportunities, And Challenges Till 2025 - May 12, 2020
- Global Automotive Aftermarket Market 2020 by Manufacturers, Type, Application, Demand Analysis, Emerging Trends and Investment Opportunities to 2026 - May 12, 2020
- Remittance Software Market 2020 Analysis By Organizations Size, New Technologies, Services, Solutions, Trends, Verticals and Geographical Analysis by 2025 - May 12, 2020