Pune, Nov. 08, 2022 (GLOBE NEWSWIRE) -- The Global Speech and Voice Recognition market size is projected to reach US$ 16250 million by 2028, from US$ 7648 million in 2021, at a CAGR of 10.9% during 2022-2028.
"Speech and Voice Recognition Market" Insights 2022 By Types, Applications, Regions and Forecast to 2028. The global Speech and Voice Recognition market size is projected to reach multi million by 2028, in comparison to 2022, with unexpected CAGR during the forecast period, the Speech and Voice Recognition Market Report Contains 87 Pages Including Full TOC, Tables & Figures, and Chart with In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region.
Speech and Voice Recognition Market - Covid-19 Impact and Recovery Analysis:
We have been tracking the direct impact of COVID-19 on this market, as well as the indirect impact from other industries. This report analyzes the impact of the pandemic on the Speech and Voice Recognition market from a Global and Regional perspective. The report outlines the market size, market characteristics, and market growth for Speech and Voice Recognition industry, categorized by type, application, and consumer sector. In addition, it provides a comprehensive analysis of aspects involved in market development before and after the Covid-19 pandemic. Report also conducted a PESTEL analysis in the industry to study key influencers and barriers to entry.
Final Report will add the analysis of the impact of COVID-19 on this industry.
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It also provides accurate information and cutting-edge analysis that is necessary to formulate an ideal business plan, and to define the right path for rapid growth for all involved industry players. With this information, stakeholders will be more capable of developing new strategies, which focus on market opportunities that will benefit them, making their business endeavors profitable in the process.
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Speech and Voice Recognition Market - Competitive and Segmentation Analysis:
This Speech and Voice Recognition Market report offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2017-2022. The report also includes company description, major business, Speech and Voice Recognition product introduction, recent developments and Speech and Voice Recognition sales by region, type, application and by sales channel.
The major players covered in the Speech and Voice Recognition market report are:
- Nuance Communications
- Microsoft Corporation
- Alphabet
- Cantab Research Limited
- Sensory
- ReadSpeaker Holding
- Pareteum Corporation
- Iflytek
- VoiceVault
- VoiceBox Technologies
- LumenVox
- Acapela Group
Short Summery About Speech and Voice Recognition Market :
The Global Speech and Voice Recognition market is anticipated to rise at a considerable rate during the forecast period, between 2022 and 2028. In 2021, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Market Analysis and Insights: Global Speech and Voice Recognition Market
The global Speech and Voice Recognition market size is projected to reach US$ 16250 million by 2028, from US$ 7648 million in 2021, at a CAGR of 10.9% during 2022-2028.
Fully considering the economic change by this health crisis, Speech Recognition accounting for % of the Speech and Voice Recognition global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Automotive segment is altered to an % CAGR throughout this forecast period.
China Speech and Voice Recognition market size is valued at US$ million in 2021, while the North America and Europe Speech and Voice Recognition are US$ million and US$ million, severally. The proportion of the North America is % in 2021, while China and Europe are % and respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period 2022-2028. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Speech and Voice Recognition landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period 2022-2028.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Speech and Voice Recognition market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Speech and Voice Recognition market in terms of revenue.
Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Speech and Voice Recognition market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Speech and Voice Recognition market.
Global Speech and Voice Recognition Scope and Market Size
Speech and Voice Recognition market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Speech and Voice Recognition market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.
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Report further studies the market development status and future Speech and Voice Recognition Market trend across the world. Also, it splits Speech and Voice Recognition market Segmentation by Type and by Applications to fully and deeply research and reveal market profile and prospects.
On the basis of product type this report displays the production, revenue, price and market share and growth rate of each type, primarily split into:
- Speech Recognition
- Voice Recognition
On the basis of the end users/applications this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including:
- Automotive
- Consumer
- Banking
- Financial Services and Insurance
- Retail
- Education
- Healthcare & Government
Speech and Voice Recognition Market - Regional Analysis:
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Speech and Voice Recognition in these regions, from 2015 to 2027, covering
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Some of the key questions answered in this report:
- What is the global (North America, Europe, Asia-Pacific, South America, Middle East & Africa) sales value, production value, consumption value, import and export of Speech and Voice Recognition?
- Who are the global key manufacturers of the Speech and Voice Recognition Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?
- What are the Speech and Voice Recognition market opportunities and threats faced by the vendors in the global Speech and Voice Recognition Industry?
- Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?
- What focused approach and constraints are holding the Speech and Voice Recognition market?
- What are the different sales, marketing, and distribution channels in the global industry?
- What are the upstream raw materials and manufacturing equipment of Speech and Voice Recognition along with the manufacturing process of Speech and Voice Recognition?
- What are the key market trends impacting the growth of the Speech and Voice Recognition market?
- Economic impact on the Speech and Voice Recognition industry and development trend of the Speech and Voice Recognition industry.
- What are the market opportunities, market risk, and market overview of the Speech and Voice Recognition market?
- What are the key drivers, restraints, opportunities, and challenges of the Speech and Voice Recognition market, and how they are expected to impact the market?
- What is the Speech and Voice Recognition market size at the regional and country-level?
Our research analysts will help you to get customized details for your report, which can be modified in terms of a specific region, application or any statistical details. In addition, we are always willing to comply with the study, which triangulated with your own data to make the market research more comprehensive in your perspective.
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Detailed TOC of Global Speech and Voice Recognition Market Research Report 2022
1 Speech and Voice Recognition Market Overview
1.1 Product Overview and Scope of Speech and Voice Recognition
1.2 Speech and Voice Recognition Segment by Type
1.2.1 Global Speech and Voice Recognition Market Size Growth Rate Analysis by Type 2022 VS 2028
1.3 Speech and Voice Recognition Segment by Application
1.3.1 Global Speech and Voice Recognition Consumption Comparison by Application: 2022 VS 2028
1.4 Global Market Growth Prospects
1.4.1 Global Speech and Voice Recognition Revenue Estimates and Forecasts (2017-2028)
1.4.2 Global Speech and Voice Recognition Production Capacity Estimates and Forecasts (2017-2028)
1.4.3 Global Speech and Voice Recognition Production Estimates and Forecasts (2017-2028)
1.5 Global Market Size by Region
1.5.1 Global Speech and Voice Recognition Market Size Estimates and Forecasts by Region: 2017 VS 2021 VS 2028
1.5.2 North America Speech and Voice Recognition Estimates and Forecasts (2017-2028)
1.5.3 Europe Speech and Voice Recognition Estimates and Forecasts (2017-2028)
1.5.4 China Speech and Voice Recognition Estimates and Forecasts (2017-2028)
1.5.5 Japan Speech and Voice Recognition Estimates and Forecasts (2017-2028)
2 Market Competition by Manufacturers
2.1 Global Speech and Voice Recognition Production Capacity Market Share by Manufacturers (2017-2022)
2.2 Global Speech and Voice Recognition Revenue Market Share by Manufacturers (2017-2022)
2.3 Speech and Voice Recognition Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.4 Global Speech and Voice Recognition Average Price by Manufacturers (2017-2022)
2.5 Manufacturers Speech and Voice Recognition Production Sites, Area Served, Product Types
2.6 Speech and Voice Recognition Market Competitive Situation and Trends
2.6.1 Speech and Voice Recognition Market Concentration Rate
2.6.2 Global 5 and 10 Largest Speech and Voice Recognition Players Market Share by Revenue
2.6.3 Mergers & Acquisitions, Expansion
3 Production Capacity by Region
3.1 Global Production Capacity of Speech and Voice Recognition Market Share by Region (2017-2022)
3.2 Global Speech and Voice Recognition Revenue Market Share by Region (2017-2022)
3.3 Global Speech and Voice Recognition Production Capacity, Revenue, Price and Gross Margin (2017-2022)
3.4 North America Speech and Voice Recognition Production
3.4.1 North America Speech and Voice Recognition Production Growth Rate (2017-2022)
3.4.2 North America Speech and Voice Recognition Production Capacity, Revenue, Price and Gross Margin (2017-2022)
3.5 Europe Speech and Voice Recognition Production
3.5.1 Europe Speech and Voice Recognition Production Growth Rate (2017-2022)
3.5.2 Europe Speech and Voice Recognition Production Capacity, Revenue, Price and Gross Margin (2017-2022)
3.6 China Speech and Voice Recognition Production
3.6.1 China Speech and Voice Recognition Production Growth Rate (2017-2022)
3.6.2 China Speech and Voice Recognition Production Capacity, Revenue, Price and Gross Margin (2017-2022)
3.7 Japan Speech and Voice Recognition Production
3.7.1 Japan Speech and Voice Recognition Production Growth Rate (2017-2022)
3.7.2 Japan Speech and Voice Recognition Production Capacity, Revenue, Price and Gross Margin (2017-2022)
4 Global Speech and Voice Recognition Consumption by Region
4.1 Global Speech and Voice Recognition Consumption by Region
4.1.1 Global Speech and Voice Recognition Consumption by Region
4.1.2 Global Speech and Voice Recognition Consumption Market Share by Region
4.2 North America
4.2.1 North America Speech and Voice Recognition Consumption by Country
4.2.2 United States
4.2.3 Canada
4.3 Europe
4.3.1 Europe Speech and Voice Recognition Consumption by Country
4.3.2 Germany
4.3.3 France
4.3.4 U.K.
4.3.5 Italy
4.3.6 Russia
4.4 Asia Pacific
4.4.1 Asia Pacific Speech and Voice Recognition Consumption by Region
4.4.2 China
4.4.3 Japan
4.4.4 South Korea
4.4.5 China Taiwan
4.4.6 Southeast Asia
4.4.7 India
4.4.8 Australia
4.5 Latin America
4.5.1 Latin America Speech and Voice Recognition Consumption by Country
4.5.2 Mexico
4.5.3 Brazil
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5 Segment by Type
5.1 Global Speech and Voice Recognition Production Market Share by Type (2017-2022)
5.2 Global Speech and Voice Recognition Revenue Market Share by Type (2017-2022)
5.3 Global Speech and Voice Recognition Price by Type (2017-2022)
6 Segment by Application
6.1 Global Speech and Voice Recognition Production Market Share by Application (2017-2022)
6.2 Global Speech and Voice Recognition Revenue Market Share by Application (2017-2022)
6.3 Global Speech and Voice Recognition Price by Application (2017-2022)
7 Key Companies Profiled
7.1 Company
7.1.1 Speech and Voice Recognition Corporation Information
7.1.2 Speech and Voice Recognition Product Portfolio
7.1. CSpeech and Voice Recognition Production Capacity, Revenue, Price and Gross Margin (2017-2022)
7.1.4 Company’s Main Business and Markets Served
7.1.5 Company’s Recent Developments/Updates
8 Speech and Voice Recognition Manufacturing Cost Analysis
8.1 Speech and Voice Recognition Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Key Suppliers of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.3 Manufacturing Process Analysis of Speech and Voice Recognition
8.4 Speech and Voice Recognition Industrial Chain Analysis
9 Marketing Channel, Distributors and Customers
9.1 Marketing Channel
9.2 Speech and Voice Recognition Distributors List
9.3 Speech and Voice Recognition Customers
10 Market Dynamics
10.1 Speech and Voice Recognition Industry Trends
10.2 Speech and Voice Recognition Market Drivers
10.3 Speech and Voice Recognition Market Challenges
10.4 Speech and Voice Recognition Market Restraints
11 Production and Supply Forecast
11.1 Global Forecasted Production of Speech and Voice Recognition by Region (2023-2028)
11.2 North America Speech and Voice Recognition Production, Revenue Forecast (2023-2028)
11.3 Europe Speech and Voice Recognition Production, Revenue Forecast (2023-2028)
11.4 China Speech and Voice Recognition Production, Revenue Forecast (2023-2028)
11.5 Japan Speech and Voice Recognition Production, Revenue Forecast (2023-2028)
12 Consumption and Demand Forecast
12.1 Global Forecasted Demand Analysis of Speech and Voice Recognition
12.2 North America Forecasted Consumption of Speech and Voice Recognition by Country
12.3 Europe Market Forecasted Consumption of Speech and Voice Recognition by Country
12.4 Asia Pacific Market Forecasted Consumption of Speech and Voice Recognition by Region
12.5 Latin America Forecasted Consumption of Speech and Voice Recognition by Country
13 Forecast by Type and by Application (2023-2028)
13.1 Global Production, Revenue and Price Forecast by Type (2023-2028)
13.1.1 Global Forecasted Production of Speech and Voice Recognition by Type (2023-2028)
13.1.2 Global Forecasted Revenue of Speech and Voice Recognition by Type (2023-2028)
13.1.3 Global Forecasted Price of Speech and Voice Recognition by Type (2023-2028)
13.2 Global Forecasted Consumption of Speech and Voice Recognition by Application (2023-2028)
13.2.1 Global Forecasted Production of Speech and Voice Recognition by Application (2023-2028)
13.2.2 Global Forecasted Revenue of Speech and Voice Recognition by Application (2023-2028)
13.2.3 Global Forecasted Price of Speech and Voice Recognition by Application (2023-2028)
14 Research Finding and Conclusion
15 Methodology and Data Source
15.1 Methodology/Research Approach
15.1.1 Research Programs/Design
15.1.2 Market Size Estimation
15.1.3 Market Breakdown and Data Triangulation
15.2 Data Source
15.2.1 Secondary Sources
15.2.2 Primary Sources
15.3 Author List
15.4 Disclaimer
Continued….
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