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(I-SoftwareNews.Com, November 23, 2018 ) Global Voice Recognition Market is expected to reach $150 Billion in 2026 from USD 1.15 Billion in 2017, at a CAGR of 10.7%
Voice recognition is specialized software developed for identification, authentication, and interpretation of voice commands from users. Consumers use voice recognition solutions in homes and businesses to speak to their computers or other devices, and have words converted into text via word processing and voice recognition. Voice recognition solutions offer functions such as setting an alarm, opening files, and making a reservation among others. Some mobile apps are also customized for business requirements such as medical or legal transcriptions. Use of voice recognition solutions offer benefits such as easier and faster operations, error reduction, enhanced productivity, and improved safety among others
Top Companies Profiles :
Google, Inc., Baidu, Inc., Facebook, Inc., Amazon.com, Inc., Advanced Voice Recognition Systems, Inc., Apple, Inc., CastleOS Software, LLC, International Business Machines Corporation, Microsoft Corporation, and Nuance Communications, Inc.
Free | Request Sample Copy @ https://www.polarismarketresearch.com/industry-analysis/Voice-Recognition-Market/inquire-before-buying
The demand for voice recognition solutions has increased in the automotive industry over the years owing to increasing modernization of vehicles, and rising development of autonomous vehicles. The increasing use of voice recognition solutions in mobile banking apps, and electronic health record applications has resulted in voice recognition market growth during the forecast period. The increasing popularity of voice assistive systems, and growing demand from the commercial sector owing to greater accuracy and precision, time efficiency, and reduced human errors is also expected to supplement the growth of voice recognition market. Rising demand from emerging economies and technological advancements support the growth of the market.
The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Voice Recognition Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC and South America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
North America generated the highest revenue in the market in 2017 owing to increasing demand of voice recognition solutions from industries such as healthcare, automotive, and BFSI. Introduction of technologically advanced and customized voice recognition solutions by market players in the region and growing adoption of smart homes boost the adoption of voice recognition solutions.
Competitive Landscape and Key Vendors
The global voice recognitions market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.
The leading companies profiled in the report include:
Key Segments
Component
Hardware
Software
Services
Interface
AI-Based
Non AI-Based
End-User
Automotive
Healthcare
BFSI
Consumer
Retail
Commercial
Others
Region
North America (U.S., Canada, Mexico)
Europe (Germany, UK, France, Italy, Rest of Europe)
Asia-Pacific (China, India,J apan,Rest of Asia-Pacific)
Latin America (Brazil, Rest of Latin America)
Middle East and Africa
Complete Report with TOC Available @ https://www.polarismarketresearch.com/industry-analysis/Voice-Recognition-Market/inquire-before-buying
About Polaris Market Research:
Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.
Contact us-
Mr. Neel
Corporate Sales, USA
Polaris Market Research
Phone: 1-646-568-9980
Email: sales@polarismarketresearch.com
Web: www.polarismarketresearch.com
Polaris Market Research
Neel
+1-646-568-9980
neel@polarismarketresearch.com
Source: EmailWire.Com 
Source: EmailWire.com
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