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Global Voice Recognition Software Market Analysis & Forecasts 2018-2022, With an Expected CAGR of 7.79% -
[August 01, 2018]

Global Voice Recognition Software Market Analysis & Forecasts 2018-2022, With an Expected CAGR of 7.79% -

The "Global Voice Recognition Software Market 2018-2022" report has been added to's offering.

The analysts forecast the global voice recognition software market to grow at a CAGR of 7.79% during the period 2018-2022.

Voice recognition or speech recognition software is defined as a software or a program that can identify words or phrases in spoken language and convert them into a machine-readable format for further processing.

The report covers the present scenario and the growth prospects of the global voice recognition software market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

One trend in the market is rising use of voice recognition systems in vehicles. The need for voice recognition software in cars is increasing to improve the safety of the drivers. Voice recognition helps drives to focus on the road, without the need of turning their heads down to do some action such as calling, changing radio stations, or texting someone.

One driver in the market is growing penetration of internet and rising number of smartphone users. The adoption of smartphones among consumers is increasing. In 2017, more than 60% of the people in the customers such as the US, Germany, China, India, Ukraine, and Colombia owned a smartphone.

The report states that one challenge in the market is privacy issues with voice recognition devices. There are a growing number of incidents where voice recognition devices such as smart speakers are capturing sensitive or confidential information of consumers. These incidents are raising concerns among consumers about privacy issues associated with such devices.

Companies Mentioned

  • Alphabet
  • IBM (News - Alert)
  • Microsoft
  • Nuance Communications

Key Topics Covered:

01. Executive Summary

02. Scope Of The Report

03. Research Methodology

04. Market Landscape

05. Market Sizing

06. Five Forces Analysis

07. Market Segmentation By End-User

08. Customer Landscape

09. Regional Landscape

10. Decision Framework

11. Drivers And Challenges

13. Vendor Landscape

14. Vendor Analysis

15. Appendix

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