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The AI voice recognition market is forecasted to grow by USD 14.05 billion during 2024-2029, accelerating at a CAGR of 29.3% during the forecast period. The report on the AI voice recognition market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by advancements in AI, machine learning, and natural language processing, proliferation of voice-enabled smart devices and IOT ecosystems, and increasing demand for automation and enhanced customer experience in enterprise sector.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
The AI voice recognition market is segmented as below:
By Component
- Software
- Services
By Application
- Voice search
- Authentication and security
- Transcription and documentation
- Customer service automation
By End-user
- BFSI
- Retail and E-commerce
- Healthcare
- Automotive
- Others
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
The report on the AI voice recognition market covers the following areas:
- AI Voice Recognition Market sizing
- AI Voice Recognition Market forecast
- AI Voice Recognition Market industry analysis
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Five Forces Analysis
7 Market Segmentation by Component
8 Market Segmentation by Application
9 Market Segmentation by End-user
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global AI voice recognition market: Amazon.com Inc., Apple Inc., Baidu Inc., Bandwidth Inc., Baseten, Bland AI Inc., Contus Tech., Eleven Labs Inc., Google LLC, iFLYTEK Co. Ltd., International Business Machines Corp., Nuance Communications Inc., Samsung Electronics Co. Ltd., Sensory Inc., SoundHound AI Inc., Telnyx LLC, Twilio Inc., Vapi Inc., and Vonage Holdings Corp..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is fusion with generative AI and large language models (LLMs)."
According to the report, one of the major drivers for this market is the advancements in AI, machine learning, and natural language processing.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Amazon.com Inc.
- Apple Inc.
- Baidu Inc.
- Bandwidth Inc.
- Baseten
- Bland AI Inc.
- Contus Tech.
- Eleven Labs Inc.
- Google LLC
- iFLYTEK Co. Ltd.
- International Business Machines Corp.
- Nuance Communications Inc.
- Samsung Electronics Co. Ltd.
- Sensory Inc.
- SoundHound AI Inc.
- Telnyx LLC
- Twilio Inc.
- Vapi Inc.
- Vonage Holdings Corp.
