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Global Automatic Voice & Speech Recognition Software Market by Type (Artificial Intelligence Based, Non-Artificial Intelligence Based), Technology (Speech Recognition, Voice Recognition), Industry, Deployment - Forecast 2024-2030

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    Report

  • 195 Pages
  • January 2024
  • Region: Global
  • 360iResearch™
  • ID: 5313871
UP TO OFF until Dec 31st 2024
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The Automatic Voice & Speech Recognition Software Market size was estimated at USD 18.60 billion in 2023, USD 22.01 billion in 2024, and is expected to grow at a CAGR of 18.46% to reach USD 60.90 billion by 2030.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Automatic Voice & Speech Recognition Software Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Automatic Voice & Speech Recognition Software Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Automatic Voice & Speech Recognition Software Market, highlighting leading vendors and their innovative profiles. These include Acapela Group, Advanced Voice Recognition Systems, Inc., Amazon.Com, Inc., Apple Inc., Artificial Solutions International AB, Avaamo, Inc., Baidu, Inc., Cognigy GmbH, Conversica, Inc., LumenVox GmbH, Microsoft Corporation, ReadSpeaker Holding B.V., Speechmatics, The International Business Machines Corporation, Uniphore Technologies Inc., and Voiceitt, Inc.

Market Segmentation & Coverage

This research report categorizes the Automatic Voice & Speech Recognition Software Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Type
    • Artificial Intelligence Based
    • Non-Artificial Intelligence Based
  • Technology
    • Speech Recognition
    • Voice Recognition
  • Industry
    • Aerospace & Defense
    • Automotive & Transportation
    • Banking, Financial Services & Insurance
    • Building, Construction & Real Estate
    • Consumer Goods & Retail
    • Education
    • Energy & Utilities
    • Government & Public Sector
    • Healthcare & Life Sciences
    • Information Technology
    • Manufacturing
    • Media & Entertainment
    • Telecommunication
    • Travel & Hospitality
  • Deployment
    • On-Cloud
    • On-Premises
  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as

  1. What is the market size and forecast of the Automatic Voice & Speech Recognition Software Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Automatic Voice & Speech Recognition Software Market?
  3. What are the technology trends and regulatory frameworks in the Automatic Voice & Speech Recognition Software Market?
  4. What is the market share of the leading vendors in the Automatic Voice & Speech Recognition Software Market?
  5. Which modes and strategic moves are suitable for entering the Automatic Voice & Speech Recognition Software Market?

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This report also includes a complimentary Excel file with data from the report for purchasers at the Site License or greater level.

Frequently Asked Questions about the Global Automatic Voice & Speech Recognition Software Market

What is the estimated value of the Global Automatic Voice & Speech Recognition Software Market?

The Global Automatic Voice & Speech Recognition Software Market was estimated to be valued at $22.01 Billion in 2024.

What is the growth rate of the Global Automatic Voice & Speech Recognition Software Market?

The growth rate of the Global Automatic Voice & Speech Recognition Software Market is 18.4%, with an estimated value of $60.9 Billion by 2030.

What is the forecasted size of the Global Automatic Voice & Speech Recognition Software Market?

The Global Automatic Voice & Speech Recognition Software Market is estimated to be worth $60.9 Billion by 2030.

Who are the key companies in the Global Automatic Voice & Speech Recognition Software Market?

Key companies in the Global Automatic Voice & Speech Recognition Software Market include Acapela Group, Advanced Voice Recognition Systems, Inc., Amazon.Com, Inc., Apple Inc., Artificial Solutions International AB, Avaamo, Inc., Baidu, Inc., Cognigy GmbH, Conversica, Inc. and LumenVox GmbH.

Table of Contents

1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Automatic Voice & Speech Recognition Software Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Increasing demand for biometric systems for multi factor authentication
5.1.1.2. Rapid growth of multifunctional devices and smart speakers
5.1.1.3. Accelerating potential in healthcare application
5.1.2. Restraints
5.1.2.1. High cost and unreliability of high-end technology system
5.1.3. Opportunities
5.1.3.1. Rising adoption in autonomous cars
5.1.3.2. Penetration in the micro-linguistics and local language segment
5.1.4. Challenges
5.1.4.1. Limited availability of standardized platform
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Automatic Voice & Speech Recognition Software Market, by Type
6.1. Introduction
6.2. Artificial Intelligence Based
6.3. Non-Artificial Intelligence Based
7. Automatic Voice & Speech Recognition Software Market, by Technology
7.1. Introduction
7.2. Speech Recognition
7.3. Voice Recognition
8. Automatic Voice & Speech Recognition Software Market, by Industry
8.1. Introduction
8.2. Aerospace & Defense
8.3. Automotive & Transportation
8.4. Banking, Financial Services & Insurance
8.5. Building, Construction & Real Estate
8.6. Consumer Goods & Retail
8.7. Education
8.8. Energy & Utilities
8.9. Government & Public Sector
8.10. Healthcare & Life Sciences
8.11. Information Technology
8.12. Manufacturing
8.13. Media & Entertainment
8.14. Telecommunication
8.15. Travel & Hospitality
9. Automatic Voice & Speech Recognition Software Market, by Deployment
9.1. Introduction
9.2. On-Cloud
9.3. On-Premises
10. Americas Automatic Voice & Speech Recognition Software Market
10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States
11. Asia-Pacific Automatic Voice & Speech Recognition Software Market
11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam
12. Europe, Middle East & Africa Automatic Voice & Speech Recognition Software Market
12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom
13. Competitive Landscape
13.1. FPNV Positioning Matrix
13.2. Market Share Analysis, By Key Player
13.3. Competitive Scenario Analysis, By Key Player
14. Competitive Portfolio
14.1. Key Company Profiles
14.1.1. Acapela Group
14.1.2. Advanced Voice Recognition Systems, Inc.
14.1.3. Amazon.Com, Inc.
14.1.4. Apple Inc.
14.1.5. Artificial Solutions International AB
14.1.6. Avaamo, Inc.
14.1.7. Baidu, Inc.
14.1.8. Cognigy GmbH
14.1.9. Conversica, Inc.
14.1.10. LumenVox GmbH
14.1.11. Microsoft Corporation
14.1.12. ReadSpeaker Holding B.V.
14.1.13. Speechmatics
14.1.14. The International Business Machines Corporation
14.1.15. Uniphore Technologies Inc.
14.1.16. Voiceitt, Inc.
14.2. Key Product Portfolio
15. Appendix
15.1. Discussion Guide
15.2. License & Pricing
List of Figures
FIGURE 1. AUTOMATIC VOICE & SPEECH RECOGNITION SOFTWARE MARKET RESEARCH PROCESS
FIGURE 2. AUTOMATIC VOICE & SPEECH RECOGNITION SOFTWARE MARKET SIZE, 2023 VS 2030
FIGURE 3. AUTOMATIC VOICE & SPEECH RECOGNITION SOFTWARE MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. AUTOMATIC VOICE & SPEECH RECOGNITION SOFTWARE MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. AUTOMATIC VOICE & SPEECH RECOGNITION SOFTWARE MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. AUTOMATIC VOICE & SPEECH RECOGNITION SOFTWARE MARKET DYNAMICS
FIGURE 7. AUTOMATIC VOICE & SPEECH RECOGNITION SOFTWARE MARKET SIZE, BY TYPE, 2023 VS 2030 (%)
FIGURE 8. AUTOMATIC VOICE & SPEECH RECOGNITION SOFTWARE MARKET SIZE, BY TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. AUTOMATIC VOICE & SPEECH RECOGNITION SOFTWARE MARKET SIZE, BY TECHNOLOGY, 2023 VS 2030 (%)
FIGURE 10. AUTOMATIC VOICE & SPEECH RECOGNITION SOFTWARE MARKET SIZE, BY TECHNOLOGY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. AUTOMATIC VOICE & SPEECH RECOGNITION SOFTWARE MARKET SIZE, BY INDUSTRY, 2023 VS 2030 (%)
FIGURE 12. AUTOMATIC VOICE & SPEECH RECOGNITION SOFTWARE MARKET SIZE, BY INDUSTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. AUTOMATIC VOICE & SPEECH RECOGNITION SOFTWARE MARKET SIZE, BY DEPLOYMENT, 2023 VS 2030 (%)
FIGURE 14. AUTOMATIC VOICE & SPEECH RECOGNITION SOFTWARE MARKET SIZE, BY DEPLOYMENT, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. AMERICAS AUTOMATIC VOICE & SPEECH RECOGNITION SOFTWARE MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 16. AMERICAS AUTOMATIC VOICE & SPEECH RECOGNITION SOFTWARE MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. UNITED STATES AUTOMATIC VOICE & SPEECH RECOGNITION SOFTWARE MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 18. UNITED STATES AUTOMATIC VOICE & SPEECH RECOGNITION SOFTWARE MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. ASIA-PACIFIC AUTOMATIC VOICE & SPEECH RECOGNITION SOFTWARE MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. ASIA-PACIFIC AUTOMATIC VOICE & SPEECH RECOGNITION SOFTWARE MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. EUROPE, MIDDLE EAST & AFRICA AUTOMATIC VOICE & SPEECH RECOGNITION SOFTWARE MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 22. EUROPE, MIDDLE EAST & AFRICA AUTOMATIC VOICE & SPEECH RECOGNITION SOFTWARE MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 23. AUTOMATIC VOICE & SPEECH RECOGNITION SOFTWARE MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 24. AUTOMATIC VOICE & SPEECH RECOGNITION SOFTWARE MARKET SHARE, BY KEY PLAYER, 2023

Companies Mentioned

  • Acapela Group
  • Advanced Voice Recognition Systems, Inc.
  • Amazon.Com, Inc.
  • Apple Inc.
  • Artificial Solutions International AB
  • Avaamo, Inc.
  • Baidu, Inc.
  • Cognigy GmbH
  • Conversica, Inc.
  • LumenVox GmbH
  • Microsoft Corporation
  • ReadSpeaker Holding B.V.
  • Speechmatics
  • The International Business Machines Corporation
  • Uniphore Technologies Inc.
  • Voiceitt, Inc.

Methodology

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