Market Snapshot:
Automatic speech recognition is the use of computer hardware and software based technique to identify and process human voice. It is mostly used to identify the spoken and word of person or to authenticate to identify of the person speaking into the system. Automatic speech recognition is expected to mark significant growth over forecasted period owing to increasing consumers spending on voice enabled devices, providing digital signal processing applications and technological advancement. The major companies are adding more proven technologies systematically and strategically in Asia-Pacific countries as these countries are focused on fastest-growing verticals in the electrical & electronics sector.
Market Trend
Collaboration and Tie Up Of Leading Players and Value Oriented Consumers
Market Drivers
Increasing Digitalization and Urbanization Boost the Automatic Speech Recognition Market. and Rapid Demand of Speech Enabled Consumer Electronics Devices Such as Smart Home Devices, Mobile Devices and Others.
Opportunities
Proliferation of Mobile Banking and Healthcare Domain Leads to Grow the Market. and Upsurge Demand of Intelligent Virtual Assistant (IVA) Smart Speakers Expected to Boost the Market.
The Players Covered in the Study are:
Sensory (United States), Nuance Communications (United States), Lumenvox Llc (United States), Telisma S.A/On Mobile Global Ltd. (United States), Raytheon Bbn Technologies (United States), Microsoft Tellme (United States), Dolby Fusion Speech (United States) and Voxeo (United States)
Available Customization:
List of players that can be included in the study on immediate basis are Voice Trust Ag (Germany), Voice Biometrics Group (United States), Validsoft Ltd (United Kingdom) and Mmodal (India).