Speech & Voice Recognition Software Developers
Revenue for the Speech and Voice Recognition Software Developers industry is expected to increase rapidly over the five years to 2018. It has benefited from the increasing number of mobile internet connections as well as growing demand from the healthcare sector. Over the five years to 2023, industry revenue is anticipated to continue expanding due to increased investment in computers and software, rising demand in downstream markets and a growing number of devices that incorporate the technology. Although the industry is projected to experience more competition from open-source software providers, industry developers are expected to continue investing in research and development to tackle the shortcomings of current software offerings.
Companies in this industry develop speech and voice recognition software. Voice recognition software uses the individual’s voice for recognition purposes, while speech recognition signifies the ability of a machine to understand and carry out spoken commands by interpreting articulated words.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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