Latin America, Middle East and Africa Voice Recognition Market to register a CAGR of 13% during the forecast period (2017-2023)

26-08-2017 | Report Format: Electronic (PDF)

Growth, Trends and Report Highlights

According to a new report, the LAMEA Voice Recognition Market size is estimated to witness a market growth of 13% CAGR during the forecast period (2017 - 2023).

The Consumer Electronics & Retail market dominated the LAMEA Voice Recognition Market by Vertical in 2016 with the significant market share, growing at a CAGR of 11.8 % during the forecast period. The Healthcare market is expected to witness a CAGR of 14% during (2017 - 2023). The Home Security & Automation market is expected to witness highest CAGR of 13.7% during (2017 - 2023).

The Brazil market dominated the LAMEA Voice Recognition Speaker Verification Software Market by Country in 2016, and would continue to be a dominant market till 2023; with the significant market share, growing at a CAGR of 15.6 % during the forecast period. The Saudi Arabia market is expected to witness a CAGR of 15.3% during (2017 - 2023). The South Africa market is expected to witness a CAGR of 15.4% during (2017 - 2023). The UAE market is expected to witness a CAGR of 14.9% during (2017 - 2023).

The Non- Artificial Intelligence Based market dominated the Saudi Arabia Voice Recognition Market by Application in 2016, and would continue to be a dominant market till 2023; with the significant market share, growing at a CAGR of 11.1 % during the forecast period. The Artificial Intelligence Based market would garner market size of $411.7 million by 2023.

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the countries in the region. The key impacting factors of the Latin America, Middle East and Africa Voice Recognition Market have been discussed in the report with competition analysis and the elaborated company profiles of Nuance Communications, Inc., Microsoft Corporation, Google Inc., Apple, Inc., Amazon.com, Inc., Hoya Corporation (Readspeaker Holding B.V.), International Business Machines Corporation, VoiceVault, Inc., Raytheon Company, and Advanced Voice Recognition Systems, Inc.

Full Report: https://www.kbvresearch.com/lamea-voice-recognition-market/