According to a new report, the Global Voice Recognition Market size is expected to reach $126.5 billion by 2023, rising at a market growth of 11.6% CAGR during the forecast period.
The North America market dominated the Global Non- Artificial Intelligence Based Voice Recognition Market by Region in 2016 with the significant market share, growing at a CAGR of 9.7 % during the forecast period. The Europe market is expected to witness a CAGR of 10.1% during (2017 - 2023). The Asia Pacific market is expected to witness a CAGR of 11.4% during (2017 - 2023). Additionally, The LAMEA market is expected to witness a CAGR of 11.9% during (2017 - 2023).
The Automatic Speech Recognition market dominated the Global Voice Recognition Market by Software Type in 2016 with the significant market share, growing at a CAGR of 14.4 % during the forecast period. The Speaker Verification market is expected to witness a CAGR of 14.7% during (2017 - 2023). Additionally, The Storage Devices & Processors market is expected to witness a CAGR of 16.9% during (2017 - 2023).
The Consumer Electronics & Retail market dominated the Global Voice Recognition Market by Vertical in 2016 with the significant market share, growing at a CAGR of 10.5 % during the forecast period. The Healthcare market is expected to witness a CAGR of 12.6% during (2017 - 2023). The Home Security & Automation market would attain market value of $9,488.8 million by 2023.
Based on the Analysis presented in the Cardinal matrix, Google Inc., Microsoft Corporation and Apple Inc. are the forerunners in the Voice Recognition market. Companies such Nuance Communications, Inc., Hoya Corporation, Amazon.com and Raytheon Company are the some of the key innovators in Voice Recognition Market.
Full Report: https://www.kbvresearch.com/voice-recognition-market/
KBV Cardinal Matrix - Voice Recognition Market
Source: KBV Research
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the Global 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/voice-recognition-market/
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Related Reports:
North America Voice-Recognition Market (2017-2023)
Europe Voice-Recognition Market (2017-2023)
Asia Pacific Voice-Recognition Market (2017-2023)
LAMEA Voice-Recognition Market (2017-2023)
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