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Voice Recognition Market to see 9.40% CAGR Globally by 2019, says a Research Report available at R&I
Voice Recognition Market to see 9.40% CAGR Globally by 2019, says a Research Report available at R&I
Voice recognition is a software that has the ability to convert and decode human voice into speech easily understood by a computer. It is an ability of a machine to receive, understand, and dictate the spoken commands.
Portland,
Oregon,
United States of America
(prbd.net)
18/02/2015
Reports and Intelligence adds a report titled “Global Voice Recognition Market 2015-2019.” The report states that the global voiced recognition market is expected to register a CAGR of 9.40% during the forecast period i.e. 2014-2019.
Voice recognition refers to a software that enables the users to convert and decode the human voice into a computer-friendly and understandable speech. Voice recognition is primarily used in the biometrics security program to grant and deny access to an individual. Mobile banking sector is the facilitated most by the use of voice recognition software in order to grant transaction access to authenticated users.
The increasing use of biometrics across various sectors is the major factors driving the growth of the global voice recognition market. Also, the increasing demand in the healthcare industry is the major factor propelling the market growth for voice recognition systems all across the globe. However, these systems lacks accuracy, which acts as a major challenge for the global market.
Browse detailed report at: http://www.reportsandintelligence.com/global-voice-recognition-2015-2019-market
The geographical regions covered in the report are Americas, APAC and EMEA. The report also profiles some of the major companies operating in the global voice recognition market. It would help the market investors to understand the competitive landscape of the global market.
Companies profiled in the report are Voxeo, Voice Trust, Telisma, LumenVox, Auraya Systems, AT&T, Agnitio, Validsoft, Microsoft, Nuance Communications, Advanced Voice Recognition Systems, Voice Biometrics Group and Raytheon BBN Technologies.
Key Questions Answered in this Report:
• What will the market size be in 2019 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
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