Global Voice Recognition Market Major Growth Driving Factor Are Growing Advent of Smartphones

One of the evolving trends in the global voice recognition market is the augmented demand for voice recognition, in the healthcare sector. Voice recognition helps in refining efficiency by reducing the time taken for filling out charts, and notes for patients. This helps in verbalizing notes faster and saves time while treating and diagnosing patients. Voice recognition market is the improved use of biometrics. Globally, the biometrics segment is experiencing an extraordinary demand for voice recognition applications, due to the growth in falsified activities. The vendors in the biometric segment are developing easy-to-deploy, and cost effective automatic speech recognition (ASR) applications, which are expected to influence the growth of the voice recognition market. Voice recognition is used for biometric safety resolutions, and by determining the voice of a specific person to allow or deny access. The biometric technology has become prevalent in mobile banking, which requires proof of identity of genuine users by their verbal commands to assist them in making transactions.

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The introduction of voice recognition technology in vehicles and automotives sector has empowered passengers or users, for giving voice instructions to the speech recognition system in the vehicle. The speech recognition instructions in vehicles are processed through the infotainment systems in the cars. In addition to providing admittance to the automotive system through hands free speech commands, the infotainment system in the vehicle provides a user-friendly atmosphere to the user. Moreover, voice-assisted services and products contribute greatly in improving speed, accuracy, and efficiency of various consumer and personal electronic devices, which has given a major boost to the global voice recognition market.

One of the major challenges in the global voice recognition market is the shortage of accuracy in the voice recognition systems. Voice recognition applications are extremely sound-sensitive, and therefore any surrounding noise reduces the accuracy level of the voice recognition system.

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Major vendors in the voice recognition market are augmenting their focus on research & development inventions, which has resulted in the introduction of products with improved accuracy and high integration ability. Nuance Communications Inc, Microsoft, ValidSoft Ltd, AGNITO, Advanced Voice Recognition Systems Inc., Auraya Systems, LumenVox, LLC, Raytheon Company, Voice Biometrics Group, VoiceTrust and Aspect Software Inc. are some of the major competitors of the global voice recognition market.

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