The global voice and speech recognition software market is expected to grow at a CAGR of 16.5% during the forecast period, from 2021 to 2030. The growth of this market can be attributed to the increasing demand for voice-enabled devices such as smartphones, tablets, smart speakers, and wearables. Voice-enabled devices are becoming popular due to their ease of use and convenience in comparison with traditional input methods such as keyboards or touch screens.
The global voice and speech recognition software market is segmented on the basis of type into based AI-based and noAI based; by application into automotive, BFSI, consumer education enterprise government healthcare military retail; by region into North America Latin America Europe Asia Pacific Middle East & Africa (MEA).
Voice and speech recognition software is a type of software that allows users to control their computers or other devices by using voice commands. Voice and speech recognition software can be used in many different ways, such as for dictation, controlling a computer with voice commands, or for controlling other devices like televisions.
Industry Growth Insights published a new data on “Voice And Speech Recognition Software Market”. The research report is titled “Voice And Speech Recognition Software Market research by Types (AI-based, Non-AI based), By Applications (Automotive, BFSI, Consumer, Education, Enterprise, Government, Healthcare, Military, Retail, Others), By Players/Companies Advanced Voice Recognition Systems, Inc., Agnitio S.L., Amazon.com, Inc., Api.ai, Apple, Inc., Anhui USTC iFlytek o., Ltd., Baidu, Inc., BioTrust ID B.V., CastleOS Software, LLC, Facebook, Inc., Google, Inc., International Business Machines Corporation, JStar, LumenVox LLC, M2SYSLLC, Microsoft Corporation, MModal, Inc., Nortek Holdings, Inc., Nuance Communications, Inc., Raytheon Company, SemVox GmbH, Sensory, Inc., ValidSoft U.K. Limited, VoiceBox Technologies Corporation, VoiceVault, Inc.”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Voice And Speech Recognition Software Market Research Report
By Type
AI-based, Non-AI based
By Application
Automotive, BFSI, Consumer, Education, Enterprise, Government, Healthcare, Military, Retail, Others
By Companies
Advanced Voice Recognition Systems, Inc., Agnitio S.L., Amazon.com, Inc., Api.ai, Apple, Inc., Anhui USTC iFlytek o., Ltd., Baidu, Inc., BioTrust ID B.V., CastleOS Software, LLC, Facebook, Inc., Google, Inc., International Business Machines Corporation, JStar, LumenVox LLC, M2SYSLLC, Microsoft Corporation, MModal, Inc., Nortek Holdings, Inc., Nuance Communications, Inc., Raytheon Company, SemVox GmbH, Sensory, Inc., ValidSoft U.K. Limited, VoiceBox Technologies Corporation, VoiceVault, Inc.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Voice And Speech Recognition Software Market Report Segments:
The global Voice And Speech Recognition Software market is segmented on the basis of:
Types
AI-based, Non-AI based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, BFSI, Consumer, Education, Enterprise, Government, Healthcare, Military, Retail, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Advanced Voice Recognition Systems, Inc.
- Agnitio S.L.
- Amazon.com, Inc.
- Api.ai
- Apple, Inc.
- Anhui USTC iFlytek o., Ltd.
- Baidu, Inc.
- BioTrust ID B.V.
- CastleOS Software, LLC
- Facebook, Inc.
- Google, Inc.
- International Business Machines Corporation
- JStar
- LumenVox LLC
- M2SYSLLC
- Microsoft Corporation
- MModal, Inc.
- Nortek Holdings, Inc.
- Nuance Communications, Inc.
- Raytheon Company
- SemVox GmbH
- Sensory, Inc.
- ValidSoft U.K. Limited
- VoiceBox Technologies Corporation
- VoiceVault, Inc.
Highlights of The Voice And Speech Recognition Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- AI-based
- Non-AI based
- By Application:
- Automotive
- BFSI
- Consumer
- Education
- Enterprise
- Government
- Healthcare
- Military
- Retail
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Voice And Speech Recognition Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Voice recognition software is a computer program that can be used to identify the voice of a person or an animal. The software listens to the user's voice and then produces a text or audio output that corresponds with what was said.
Some of the key players operating in the voice and speech recognition software market are Advanced Voice Recognition Systems, Inc., Agnitio S.L., Amazon.com, Inc., Api.ai, Apple, Inc., Anhui USTC iFlytek o., Ltd., Baidu, Inc., BioTrust ID B.V., CastleOS Software, LLC, Facebook, Inc., Google, Inc., International Business Machines Corporation, JStar, LumenVox LLC, M2SYSLLC, Microsoft Corporation, MModal, Inc., Nortek Holdings, Inc., Nuance Communications, Inc., Raytheon Company, SemVox GmbH, Sensory, Inc., ValidSoft U.K. Limited, VoiceBox Technologies Corporation, VoiceVault, Inc..
The voice and speech recognition software market is expected to register a CAGR of 16.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Voice And Speech Recognition Software Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Voice And Speech Recognition Software Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Voice And Speech Recognition Software Market - Supply Chain
4.5. Global Voice And Speech Recognition Software Market Forecast
4.5.1. Voice And Speech Recognition Software Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Voice And Speech Recognition Software Market Size (000 Units) and Y-o-Y Growth
4.5.3. Voice And Speech Recognition Software Market Absolute $ Opportunity
5. Global Voice And Speech Recognition Software Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Voice And Speech Recognition Software Market Size and Volume Forecast by Type
5.3.1. AI-based
5.3.2. Non-AI based
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Voice And Speech Recognition Software Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Voice And Speech Recognition Software Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. BFSI
6.3.3. Consumer
6.3.4. Education
6.3.5. Enterprise
6.3.6. Government
6.3.7. Healthcare
6.3.8. Military
6.3.9. Retail
6.3.10. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Voice And Speech Recognition Software Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Voice And Speech Recognition Software Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Voice And Speech Recognition Software Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Voice And Speech Recognition Software Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Voice And Speech Recognition Software Demand Share Forecast, 2019-2029
9. North America Voice And Speech Recognition Software Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Voice And Speech Recognition Software Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Voice And Speech Recognition Software Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. BFSI
9.4.3. Consumer
9.4.4. Education
9.4.5. Enterprise
9.4.6. Government
9.4.7. Healthcare
9.4.8. Military
9.4.9. Retail
9.4.10. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Voice And Speech Recognition Software Market Size and Volume Forecast by Type
9.7.1. AI-based
9.7.2. Non-AI based
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Voice And Speech Recognition Software Demand Share Forecast, 2019-2029
10. Latin America Voice And Speech Recognition Software Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Voice And Speech Recognition Software Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Voice And Speech Recognition Software Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. BFSI
10.4.3. Consumer
10.4.4. Education
10.4.5. Enterprise
10.4.6. Government
10.4.7. Healthcare
10.4.8. Military
10.4.9. Retail
10.4.10. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Voice And Speech Recognition Software Market Size and Volume Forecast by Type
10.7.1. AI-based
10.7.2. Non-AI based
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Voice And Speech Recognition Software Demand Share Forecast, 2019-2029
11. Europe Voice And Speech Recognition Software Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Voice And Speech Recognition Software Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Voice And Speech Recognition Software Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. BFSI
11.4.3. Consumer
11.4.4. Education
11.4.5. Enterprise
11.4.6. Government
11.4.7. Healthcare
11.4.8. Military
11.4.9. Retail
11.4.10. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Voice And Speech Recognition Software Market Size and Volume Forecast by Type
11.7.1. AI-based
11.7.2. Non-AI based
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Voice And Speech Recognition Software Demand Share, 2019-2029
12. Asia Pacific Voice And Speech Recognition Software Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Voice And Speech Recognition Software Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Voice And Speech Recognition Software Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. BFSI
12.4.3. Consumer
12.4.4. Education
12.4.5. Enterprise
12.4.6. Government
12.4.7. Healthcare
12.4.8. Military
12.4.9. Retail
12.4.10. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Voice And Speech Recognition Software Market Size and Volume Forecast by Type
12.7.1. AI-based
12.7.2. Non-AI based
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Voice And Speech Recognition Software Demand Share, 2019-2029
13. Middle East & Africa Voice And Speech Recognition Software Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Voice And Speech Recognition Software Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Voice And Speech Recognition Software Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. BFSI
13.4.3. Consumer
13.4.4. Education
13.4.5. Enterprise
13.4.6. Government
13.4.7. Healthcare
13.4.8. Military
13.4.9. Retail
13.4.10. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Voice And Speech Recognition Software Market Size and Volume Forecast by Type
13.7.1. AI-based
13.7.2. Non-AI based
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Voice And Speech Recognition Software Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Voice And Speech Recognition Software Market: Market Share Analysis
14.2. Voice And Speech Recognition Software Distributors and Customers
14.3. Voice And Speech Recognition Software Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Advanced Voice Recognition Systems, Inc.
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Agnitio S.L.
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Amazon.com, Inc.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Api.ai
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Apple, Inc.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Anhui USTC iFlytek o., Ltd.
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Baidu, Inc.
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. BioTrust ID B.V.
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. CastleOS Software, LLC
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Facebook, Inc.
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Google, Inc.
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. International Business Machines Corporation
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. JStar
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. LumenVox LLC
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. M2SYSLLC
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Microsoft Corporation
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. MModal, Inc.
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Nortek Holdings, Inc.
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Nuance Communications, Inc.
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20.&n
