
Voice Recognition Software Market by Type (Speech Recognition, Voice Recognition), Technology (Artificial Intelligence (AI) Based, Non-Artificial Intelligence Based), Industry, Deployment - Global Forecast 2024-2030
Description
Voice Recognition Software Market by Type (Speech Recognition, Voice Recognition), Technology (Artificial Intelligence (AI) Based, Non-Artificial Intelligence Based), Industry, Deployment - Global Forecast 2024-2030
The Voice Recognition Software Market size was estimated at USD 14.28 billion in 2023 and expected to reach USD 17.02 billion in 2024, at a CAGR 19.65% to reach USD 50.16 billion by 2030.
Global Voice Recognition Software Market
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Voice 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 Voice 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 Voice Recognition Software Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Alphabet Inc., Amazon Web Services, Inc., Apple Inc., Baidu, Inc., Carnyx Group Ltd., International Business Machines Corporation, LumenVox GmbH, M2SYS Technology, Microsoft Corporation, Raytheon Technologies Corporation, Sensory, Inc, Tobii Dynavox AB, Twilio Inc., and Voice Tech Group, Inc..
Market Segmentation & Coverage
This research report categorizes the Voice Recognition Software Market to forecast the revenues and analyze trends in each of the following sub-markets:
Type
Speech Recognition
Voice Recognition
Technology
Artificial Intelligence (AI) Based
Non-Artificial Intelligence Based
Industry
Automotive
Banking, Financial Services, & Insurance
Education
Enterprise
Government
Healthcare
Legal
Military
Retail & Consumer Goods
Deployment
On-Cloud
On-Premise
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 Voice Recognition Software Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Voice Recognition Software Market?
3. What are the technology trends and regulatory frameworks in the Voice Recognition Software Market?
4. What is the market share of the leading vendors in the Voice Recognition Software Market?
5. Which modes and strategic moves are suitable for entering the Voice Recognition Software Market?
Note: PDF & Excel + Online Access - 1 Year
Table of Contents
182 Pages
- 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. Voice Recognition Software Market, by Region
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Rising demand for voice biometric system for user authentication
- 5.1.1.2. Increasing demand for Electronic Health Record (EHR) application
- 5.1.1.3. Rapid proliferation of multifunctional devices or smart speakers
- 5.1.2. Restraints
- 5.1.2.1. Lack of accuracy in voice recognition software
- 5.1.3. Opportunities
- 5.1.3.1. Growing consumer preference for technologically advanced products
- 5.1.3.2. Use of voice recognition technology in education for disabled students
- 5.1.4. Challenges
- 5.1.4.1. Limited vocabulary and unable to understand complex jargon and phrasing
- 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. Voice Recognition Software Market, by Type
- 6.1. Introduction
- 6.2. Speech Recognition
- 6.3. Voice Recognition
- 7. Voice Recognition Software Market, by Technology
- 7.1. Introduction
- 7.2. Artificial Intelligence (AI) Based
- 7.3. Non-Artificial Intelligence Based
- 8. Voice Recognition Software Market, by Industry
- 8.1. Introduction
- 8.2. Automotive
- 8.3. Banking, Financial Services, & Insurance
- 8.4. Education
- 8.5. Enterprise
- 8.6. Government
- 8.7. Healthcare
- 8.8. Legal
- 8.9. Military
- 8.10. Retail & Consumer Goods
- 9. Voice Recognition Software Market, by Deployment
- 9.1. Introduction
- 9.2. On-Cloud
- 9.3. On-Premise
- 10. Americas Voice 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 Voice 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 Voice 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. 3M Company
- 14.1.2. Alphabet Inc.
- 14.1.3. Amazon Web Services, Inc.
- 14.1.4. Apple Inc.
- 14.1.5. Baidu, Inc.
- 14.1.6. Carnyx Group Ltd.
- 14.1.7. International Business Machines Corporation
- 14.1.8. LumenVox GmbH
- 14.1.9. M2SYS Technology
- 14.1.10. Microsoft Corporation
- 14.1.11. Raytheon Technologies Corporation
- 14.1.12. Sensory, Inc
- 14.1.13. Tobii Dynavox AB
- 14.1.14. Twilio Inc.
- 14.1.15. Voice Tech Group, Inc.
- 14.2. Key Product Portfolio
- 15. Appendix
- 15.1. Discussion Guide
- 15.2. License & Pricing
- FIGURE 1. VOICE RECOGNITION SOFTWARE MARKET RESEARCH PROCESS
- FIGURE 2. VOICE RECOGNITION SOFTWARE MARKET SIZE, 2023 VS 2030
- FIGURE 3. VOICE RECOGNITION SOFTWARE MARKET SIZE, 2018-2030 (USD MILLION)
- FIGURE 4. VOICE RECOGNITION SOFTWARE MARKET SIZE, BY REGION, 2023 VS 2030 (%)
- FIGURE 5. VOICE RECOGNITION SOFTWARE MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 6. VOICE RECOGNITION SOFTWARE MARKET DYNAMICS
- FIGURE 7. VOICE RECOGNITION SOFTWARE MARKET SIZE, BY TYPE, 2023 VS 2030 (%)
- FIGURE 8. VOICE RECOGNITION SOFTWARE MARKET SIZE, BY TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 9. VOICE RECOGNITION SOFTWARE MARKET SIZE, BY TECHNOLOGY, 2023 VS 2030 (%)
- FIGURE 10. VOICE RECOGNITION SOFTWARE MARKET SIZE, BY TECHNOLOGY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 11. VOICE RECOGNITION SOFTWARE MARKET SIZE, BY INDUSTRY, 2023 VS 2030 (%)
- FIGURE 12. VOICE RECOGNITION SOFTWARE MARKET SIZE, BY INDUSTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 13. VOICE RECOGNITION SOFTWARE MARKET SIZE, BY DEPLOYMENT, 2023 VS 2030 (%)
- FIGURE 14. VOICE RECOGNITION SOFTWARE MARKET SIZE, BY DEPLOYMENT, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 15. AMERICAS VOICE RECOGNITION SOFTWARE MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 16. AMERICAS VOICE RECOGNITION SOFTWARE MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 17. UNITED STATES VOICE RECOGNITION SOFTWARE MARKET SIZE, BY STATE, 2023 VS 2030 (%)
- FIGURE 18. UNITED STATES VOICE RECOGNITION SOFTWARE MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 19. ASIA-PACIFIC VOICE RECOGNITION SOFTWARE MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 20. ASIA-PACIFIC VOICE RECOGNITION SOFTWARE MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 21. EUROPE, MIDDLE EAST & AFRICA VOICE RECOGNITION SOFTWARE MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 22. EUROPE, MIDDLE EAST & AFRICA VOICE RECOGNITION SOFTWARE MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 23. VOICE RECOGNITION SOFTWARE MARKET, FPNV POSITIONING MATRIX, 2023
- FIGURE 24. VOICE RECOGNITION SOFTWARE MARKET SHARE, BY KEY PLAYER, 2023
Pricing
Currency Rates
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