DUBLIN--(BUSINESS WIRE)--The "Global Voice Recognition Software Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.
The analysts forecast the global voice recognition software market to grow at a CAGR of 7.79% during the period 2018-2022.
Voice recognition or speech recognition software is defined as a software or a program that can identify words or phrases in spoken language and convert them into a machine-readable format for further processing.
The report covers the present scenario and the growth prospects of the global voice recognition software market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
One trend in the market is rising use of voice recognition systems in vehicles. The need for voice recognition software in cars is increasing to improve the safety of the drivers. Voice recognition helps drivers to focus on the road, without the need of turning their heads down to do some action such as calling, changing radio stations, or texting someone.
One driver in the market is growing penetration of internet and rising number of smartphone users. The adoption of smartphones among consumers is increasing. In 2017, more than 60% of the people in the customers such as the US, Germany, China, India, Ukraine, and Colombia owned a smartphone.
The report states that one challenge in the market is privacy issues with voice recognition devices. There are a growing number of incidents where voice recognition devices such as smart speakers are capturing sensitive or confidential information of consumers. These incidents are raising concerns among consumers about privacy issues associated with such devices.
- Nuance Communications
Key Topics Covered:
01. Executive Summary
02. Scope Of The Report
03. Research Methodology
04. Market Landscape
05. Market Sizing
06. Five Forces Analysis
07. Market Segmentation By End-User
08. Customer Landscape
09. Regional Landscape
10. Decision Framework
11. Drivers And Challenges
13. Vendor Landscape
14. Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/hpc3ss/global_voice?w=4