Sellbyville, DE -- (SBWIRE) -- 01/21/2019 -- Speech & Voice Recognition Market is segmented into artificial intelligence and software technologies. The artificial intelligence deals with the machine exhibiting intelligent behavior and can propel the speech & voice recognition market growth owing to its unique capability of recognizing the pattern of speech precisely. In addition, artificial intelligence is classified into speaker independent and speaker dependent segments. The speaker independent systems can identify any voice or speech, despite of several variations in characteristics from one speaker to another.

Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/1667

Speech & Voice Recognition Market size is anticipated to witness growth over the forecast timeline owing to the increase in demand for biometric solutions in identity verification. Growing number of fraudulent activities in several sectors along with the rising number of smartphone devices and growing usage of mobile computing is further expected to drive the speech & voice recognition market growth.

The technology is serving the demand in security for achieving flexible & efficient communications with several features such as simple pattern matching, where spoken words are recorded and recognized in the system entirely along with artificial neural network, which is a largely simplified and a computerized version of a human brain. In addition, enhanced adaptability and advancements in automated technology is expected to spur the speech & voice recognition market size.

The technology is being implemented in an ever-increasing array of applications owing to the ongoing innovations in computing power and widespread adoption of cloud-based computer technology. The speech & voice recognition market growth has been noticed majorly in the healthcare industry where the technology has been used to generate health records. Handheld devices are gradually becoming affordable and are growing powerful, and it has become likely to run videos & audios on these devices. Speech recognition systems in the healthcare sector are emerging as an efficient alternative in devices where typing is difficult owing to small screens.

Speech & voice recognition market software works by analyzing the voice and then converting them into text. Features such as controlling systems, manipulation of texts by using various commands, improvised accuracy with careful correction & dictation ensures a smooth communication in the network. Steady progress has been observed in the software for machine understanding of human speech. For instance, in call centers the voice technology allows the users to navigate menu, identify angry customers who need to be transferred to any human representative.

One of the most notable voice and speech powered electronic assistant's examples is Siri, a voice activated personal assistant developed by Apple Inc., which allows voice commands and voice based queries. Siri does not require any assistance from computers or any mobile devices, as the speech and voice recognition helps the assistant answer queries using simple commands offered in simple languages. Siri helps in looking for information, creating calendar events, playing music and getting directions & recommendations using speech and voice recognition software's. With the inclusion of such features in the smartphones, the speech & voice recognition market will witness strong growth opportunities.

Make an inquiry for buying this report @ https://www.gminsights.com/inquiry-before-buying/1667

North America, speech & voice recognition market is predicted to lead owing to the large-scale implementation of biometric systems. Moreover, increasing demand for high level security coupled with strong economic conditions has led to a high adoption of biometric systems in the region thereby, driving the speech & voice recognition market.

In Asia Pacific, economies such as China, India, Japan are anticipated to see high growth owing to the increasing demand of voice biometrics for security and authentication. Increasing demand of self-service applications in sectors such as BFSI, IT and telecom is further contributing to the growth of speech & voice recognition market in the region. With several government agencies increasingly using voice biometrics for security & authentication and with the presence of several electronics device manufacturers such as Sony, Samsung, LG in these regions it is anticipated to spur the overall speech & voice recognition market growth.

Industry participants in the speech & voice recognition market include Nuance Communications, Apple Inc., MModal. Speech, Microsoft, IBM, and Google. The speech &voice recognition market is a highly competitive industry with presence of many players who are focused on improving accuracy to gain more market share to get better of their competitors. The companies in the speech & voice recognition market are following aggressive competitive strategies which consists of acquiring established companies which act as competitors who are prominent in different markets.

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.