On the consumer front, numerous devices, not necessarily for the purpose of authentication or verification, but for speech recognition, have employed voice recognition software. Based on what an individual says, the device can perform a set of functions. For examples, Apple Inc.’s Siri is able to recognize speech and accordingly take action based on what the input command is. Various devices have not started employing speech recognition software in their devices. Wearable are also looking at the technology and the same is already implemented across certain smart watches.
The BFSI sector is keenly investing in vice recognition technology, as it would revolutionize the industry in terms of how an individual can access information remotely. As of today, an individual needs to enter a password or provide personal details in order to be identified as the concerned individual. With voice recognition, none of this would be required as the voice would be the key to identifying if an individual is who she/he says they are.
The Voice recognition Market can be segmented as:
on the basis of interface
AI-based and Non AI-based
In terms of industry
Automotive, Healthcare, Consumer Electronics, BFSI, Government, Defense and Others
In terms of requirement
Authentication & verification and Speech recognition
North America, South America, APAC, Europe, Middle East and Africa
Following are just a few of the companies that are operating in the Voice recognition market.
Advanced Voice Recognition Systems, Inc.,
Biotrust ID B.V.,
Nuance Communications Inc.
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2. Executive Summary
3. Voice recognition Market- Market Landscape
3.1. Market Share Analysis
3.2. Comparative Analysis
3.2.1. Product Benchmarking
3.2.2. End User Profiling
3.2.3. Top 5 Financials Analysis
4. Voice recognition Market- Market Forces
4.1. Market Drivers
4.2. Market Constraints
4.3. Market Challenges
4.4. Attractiveness of the Voice recognition Market
4.4.1. Power of Suppliers
4.4.2. Power of Customers
4.4.3. Threat of New Entrants
4.4.4. Threat of Substitution
4.4.5. Degree of Competition
5. Voice recognition Market- Strategic Analysis
5.1. Value Chain Analysis
5.2. Pricing Analysis
5.3. Opportunities Analysis
5.4. Product/Market Life Cycle Analysis
5.5. Suppliers and Distributors
6. Voice recognition Market- By Interface:
6.2. Non AI-based
7. Voice recognition Market- By Industry:
7.3. Consumer Electronics
8. Voice recognition Market- By Requirement:
8.1. Authentication & verification
8.2. Speech recognition
9. Voice recognition Market- By Geography:
9.2. Global Study
9.3.1. North America
10. Market Entropy
10.1. New Product Launches
10.2. M&As, Collaborations, JVs and Partnerships
11. Company Profiles
11.1. Advanced Voice Recognition Systems, Inc.
11.2. Agnitio SL
11.3. Biotrust ID B.V.
11.4. Lumenvox, LLC
11.5. M2SYS LLC
11.6. Microsoft Corporation
11.7. Mmodal, Inc.
11.8. Nuance Communications Inc.
11.9. Raytheon BBN Technologies
11.10. Sensory, Inc.
11.11. Validsoft UK Limited
11.12. Voicebox Technologies Corp.
11.13. Voicevault, Inc.
- More than 40 Companies are profiled in this Research Report, Complete List available on Request -
12.3. Research Methodology
12.5. Compilation of Expert Insights
Biotrust ID B.V.
Nuance Communications Inc.
Raytheon BBN Technologies
Validsoft UK Limited
Voicebox Technologies Corp.