AI for Speech Recognition Market Scope
Speech recognition is a type of authentication technology that aids in receiving and comprehending human voice commands as well as carrying them out. This technique works by transforming commands into electronic signals, changing them into coding patterns, and transmitting them back to the device in digital format for final execution. Due to increases in processing capacity and improvements in internet connection, this technology has lately been adopted in mobile devices and other consumer goods, despite the fact that it was invented several decades ago. This tendency, combined with the growing popularity of artificial intelligence (AI) and virtual assistants like Apple Siri, Amazon Alexa, and Google Assistant, has fueled demand for this application in the electronics industry.
The AI for Speech Recognition market study is segmented by Type (Software and Hardware), by Application (Automotive, Marketing, Automotive and Healthcare) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global AI for Speech Recognition market throughout the predicted period.
Nuance Communications (United States), Google LLC (United States), Amazon.com, Inc (United States), Apple, Inc. (United States), IBM Corporation (United States), Microsoft Corporation (United States), Baidu (China), iFLYTEK (China), Sensory, Inc. (United States) and LumenVox LLC (United States) are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AMA Research has segmented the market of Global AI for Speech Recognition market by Type, Application and Region.
On the basis of geography, the market of AI for Speech Recognition has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
- Increasing Usage Of The AI-Based Voice Recognition Systems Develop Region
- Increasing Demand Of Smart Devices Among People
- Rising Adoption Of Speech Recognition In Various Sectors
- Rising Digitization And Government Policies Favoring Incentives For Digitization
- Technological Complexity Associated To Al For Speech Recognition
- Growing The Concern Of Data Security And Privacy
- High Cost Associated To Al For Speech Recognition
Key Target AudienceAI for Speech Recognition Provider, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
Frequently Asked Questions (FAQ):
1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.
2. How big is the AI for Speech Recognition Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2026.