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Speech Recognition Software Industry Analysis including Growth Factors, Growth Rate, Opportunities and Trends 2016-2020

Thursday, November 3, 2016 4:21
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The Speech Recognition Software Industry report provides in-depth analysis of the present scenario and growth prospects considering geographic regions, top vendor analysis, market size, share, dynamics, segmentation by product and application including detail list of exhibits. To calculate the market size, the report considers the revenue generated from the sales of speech recognition solutions, including software, integrated solutions, and services. The global speech recognition software market to grow at a CAGR of 16.99% during the period 2016-2020.

A speech recognition software identifies words spoken by an individual or speaker into a microphone, converts them into a computer-readable format, and responds automatically. These software applications recognize speech in multiple languages. These applications are used both by individual consumers and enterprises in the healthcare; banking, financial services, and insurance; legal; and telecommunications sectors for a number of purposes including fraud management, speaker verification, speaker identification, biometrics, and vehicle telematics. The biometrics segment is seeing a high demand for speech recognition software because of the growing instances of fraud. Vendors are developing easy-to-deploy and cost-effective speech recognition applications that help in fraud management.

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 The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Vendors in Speech Recognition Software Market
• AT&T


• Microsoft

• Nuance Communications


Other prominent vendors

• Dolby Systems

• LumenVox

• OnMobile Global

• Raytheon BBN Technologies

• Sensory

• Tellme Networks

• Voxeo

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The Speech Recognition Software Market is divided into the following segments based on geography:
• Americas

Speech Recognition Software Market Opportunities During 2016-2020:
With a purpose of enlightening new entrants about the possibilities in this market, this report investigates new project feasibility. Various details about the manufacturing process such as market drivers, impact of drivers, market challenges and impact of drivers and challenges, market trends, vendor landscape analysis and so on, is discussed in the report

Speech Recognition Software Market Dynamics:

Market driver

• Increased use of biometrics

• For a full, detailed list, view our report


Market challenge

• Lack of accuracy

• For a full, detailed list, view our report


Market trend

• Increased use of voice passwords

• For a full, detailed list, view our report

In the end, the report makes some important proposals for a new project of Speech Recognition Software Industry before evaluating its feasibility. Overall, the report provides an in-depth insight of Global Speech Recognition Software Market 2016-2020 industry covering all important parameters.

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Key questions answered in this Speech Recognition Software Market 2016-2020 report
• What will the market size be in 2020 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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