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Research and Markets: Licenses for Voice and Speech Recognition Software to Increase from 49.0 Million in 2015 to 565.8 Million Worldwide by 2024 Says Latest ReportResearch and Markets (http://www.researchandmarkets.com/research/9wmrbq/voice_and_speech) has announced the addition of the "Voice and Speech Recognition 2015 - Consumer, Call Center, Healthcare, Enterprise, Finance, Retail, Government, Law Enforcement, and Defense Applications: Market Analysis and Forecasts" report to their offering. This report differentiates between speech recognition - listening for words, with or without context - and voice recognition - identifying someone by how they form sounds. Speech recognition is generally more useful for controlling devices. Voice recognition is generally more useful for identifying people, even to the point of some vendors building voice print databases for call center clients - to identify repeat callers or known fraudsters. However, speech and voice recognition can both be sold into many of the same industries and sometimes overlap in a single olution. Starting from a base of $249 million in 2015, this report forecasts that global speech and voice biometrics revenue will reach $5.1 billion by 2024, with cumulative revenue for the 10-year period totaling $19 billion at a compound annual growth rate (CAGR) of 40%. The strongest markets are likely to be consumer-facing: mobile device authentication and control of wearable devices. On the enterprise side, the growth markets are expected to include call centers, government IT, enterprise IT, and healthcare. This report examines market and technology issues for speech and voice recognition biometrics software, including 10-year forecasts for revenue and software licenses during the period from 2015 through 2024. The report examines 20 use cases specific to voice and speech recognition, including other modalities that may compete for business in the same use cases. Profiles of key industry players are also included. Companies Mentioned: - Auraya - Fulcrum Biometrics - LaserLock - M2SYS Biometrics - Neurotechnology - Pindrop Security - Sensory - SpeechFX - Uniphore - VoiceTrust - VoiceVault For more information visit http://www.researchandmarkets.com/research/9wmrbq/voice_and_speech About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. View source version on businesswire.com: http://www.businesswire.com/news/home/20150612005406/en/ |
