Voice and Speech Recognition Market Poised for 20% CAGR Growth Through 2028 – MarkNtel Advisors
MarkNtel Advisors has released its comprehensive analysis of Voice and Speech Recognition Market, projecting a steady 20% CAGR growth from 2023-2028. Our team of industry specialists has exactly compiled the latest market intelligence to support stakeholders—entrepreneurs, financial analysts, and corporate strategists—in making informed, data-backed decisions.
Voice and Speech Recognition Market Statistics:
Study Period- Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028): 20%
Market Study Report Coverage:
- Market Fundamentals: Size, share, Revenue, and historical performance metrics.
- Emerging Opportunity: Substantial Shift in Consumer Buying Behavior –
- Geographical Analysis: Growth hotspots across North America,South America,Europe,Middle East,Africa,Asia-Pacific
- Competitive Benchmarking: Market leaders vs. emerging players.
In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2025 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.
Download Report Sample PDF – https://www.marknteladvisors.com/query/request-sample/voice-and-speech-recognition-market.html
Voice and Speech Recognition Market Segmentation Analysis (2023–2028)
The study analyzes significant trends in each segment of Voice and Speech Recognition Market report, as well as growth estimates for 2023–2028 at the geographical levels.
As per the Report the market segment bifurcated into:
By Function
- Voice Recognition
- Speaker identification
- Speaker verification
- Speech Recognition
- Automatic speech recognition
- Text to speech
By Technology
- Artificial Intelligence Based
- Non-Artificial Intelligence Based
Between the two, the Artificial Intelligence-Based Voice and Speech Recognition segment is expected to attain faster growth during the forecast period.
By End-Users
- Automotive
- Banking Finance Services & Insurance (BFSI)
- Education
- Enterprise
- Government
- Healthcare
- Legal
- Military
- Retail
- Other
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Voice and Speech Recognition Market Sector Growth Driver:–
Successive Use of Voice and Speech Recognition in Healthcare Setups – Typing reports, making notes, data entry, and maintaining records have become smooth with the introduction of voice and speech recognition in the medical industry. Thus, healthcare professionals are leaning more toward Natural Language Processing (NLP) algorithm-based voice recognition software solutions. With such solutions, doctors and other healthcare professionals can dedicate more time to patient care instead of writing notes manually since such software makes it easier for doctors to synchronize their notes with electrical health records (HER). Given such benefits, the acknowledgment of the need for voice and speech recognition software is anticipated to boost in the future, thus influencing the industry’s growth.
Access the Complete Report for An In-Depth Analysis – https://www.marknteladvisors.com/research-library/voice-and-speech-recognition-market.html
Voice and Speech Recognition Market Competitive Outlook (2023–2028)
This section discusses the major participants in Voice and Speech Recognition Market, with a focus on securing new contracts in developing nations to strengthen their footprint
Competitive Analysis Cover:
- Business Description
- Product Segments
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
List of Major Voice and Speech Recognition Market Competitor
- Advanced Voice Recognition Systems, Inc.
- Agnitio S.L. (subsidiary of Nuance Communications Inc.)
- com, Inc.
- Anhui USTC iFlytek Co., Ltd.
- Apple Inc.
- Baidu, Inc
- BioTrust ID B.V.
- Google LLC
- International Business Machines Corporation
- M2Sys LLC.
- LumenVox LLC
- Microsoft Corporation
- M*Modal, Inc.
- Nuance Communication, Inc
- Raytheon Company
Voice and Speech Recognition Industry Recent Developments –
- In November 2022, M*Modal, Inc. launched 3MTM M*Modal Fluency Direct, AI-powered speech recognition technology to accelerate digital health transformation at the 2022 HIMSS Middle East Health Conference & Exhibition in Riyadh. The technology will help clinicians in all care settings to capture the complete and accurate patient story while simultaneously focusing on delivering high-quality patient care.
Click Here to Connect with Our Expertise – https://www.marknteladvisors.com/query/talk-to-our-consultant/voice-and-speech-recognition-market.html
Frequently Asking Questions (FAQ’s):
- What specific areas and industries are covered in Voice and Speech Recognition Market research report?
- How big is Voice and Speech Recognition industry?
- Which companies have the largest Voice and Speech RecognitionMarket share?
- What opportunities, challenges, and driving forces characterize Voice and Speech Recognition sector?
“Report Delivery Format: Market research reports from MarkNtel Advisors are available in PDF, Excel, and PowerPoint formats. Once payment is successfully processed, the report will be delivered to your email address within 24 hours”
5 Reasons Why You Should Choose MarkNtel Advisors for Your Market Research Needs:
- Industry Expertise:Benefit from our extensive industry coverage across 80+ countries and 15 diverse industrial verticals.
- Specialized Team:Our experienced market research professionals deliver detailed and satisfactory reports tailored to your needs.
- Strategic Insights:Gain access to strategic analysis for informed decision-making, including market sizing, trend analysis, and competitive benchmarking.
- Client-Centric Approach:We prioritize understanding and fulfilling the diverse needs of our clients with a focus on emerging industries and geographies.
- Global Presence:With a strong presence in multiple countries, we provide quality research reports to help clients navigate global markets effectively.
About US:
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
For Media Inquiries, Please Contact:
Email: [email protected]
Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511
Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India
