Press release
Speech Recognition Market Size | Growth, Share, Industry Analysis
The global Speech Recognition market size is projected to reach USD 10390 million by 2026, from USD 9461.8 million in 2020, at a CAGR of 9.1%% during 2021-2026.Speech recognition technology is a high technology that enables machines to transform speech signals into corresponding text or commands through the recognition and understanding process.Speech recognition technology mainly includes feature extraction technology, pattern matching criterion and model training technology.
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The adoption of artificial intelligence and Internet of Things is driving the global speech recognition market.
This report focuses on the global Speech Recognition status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Speech Recognition development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
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The key players covered in this study
o Nuance
o Microsoft
o Agnitio
o VoiceVault
o VoiceBox Technologies
o Google
o LumenVox
o Raytheon BBN Technologies
o Advanced Voice Recognition Systems
o Sensory
o ReadSpeaker Holding
o Iflytek
o AT&T
o Fluent
Market segment by Type, the product can be split into
o Speaker Dependent
o Speaker Independent
Market segment by Application, split into
o Military
o Automotive
o Healthcare
Market segment by Regions/Countries, this report covers
o North America
o Europe
o China
o Japan
o Southeast Asia
o India
o Central & South America
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