Market Overview

Global Voice Recognition Market Outlook 2018-2023 - CAGR to Grow at 16%: Analysis by Deployment Type, End-User and Region -


The "Global
Voice Recognition Market - Segmented by Deployment Type (Cloud, On -
Premise), End User (Banking, Telecommunications, Healthcare, Government,
Consumer Applications), and Region - Growth, Trends and Forecasts (2018
- 2023)"
report has been added to's

Global Voice Recognition Market is expected to grow at a CAGR of over
16% during the forecast period (2018-2023). The scope of the report is
limited to deployment type which includes Cloud, On-premise. The
End-users considered in the scope of the report include Banking,
Telecommunications, Healthcare, Government, and Consumer Applications.

Voice based searches have been highly adopted by various consumer
demographics. ComScore, an American Analytics Company predicted that 50%
of the searches are estimated to be voice searches by 2020. The adoption
of voice recognition technologies adds to the efficiency of various
processes as an average person can speak about 150 words per minute
while only 60 words can be typed in a minute on average.

Google has already released statistics according to which 70% of the
searches have been made in natural or conversational language which
indicate the scope for the adoption of voice recognition. Growing number
of security attacks over the last few years, the most notable being
Yahoo's data breach, which is considered to the biggest security breach
of the 21st century, is also expected to boost the adoption of more
secure authentication methods like voice based authentication.

Key Highlights

  • Growing Security Concerns Drive the Market for Voice Recognition
  • Banking Expected to Be One of the Primary Recipients of the Technology
  • China Is Expected to Have High Growth for Voice Recognition Market

Key Developments in Voice Recognition Market

  • March 2018: Voiximplant, a cloud communications platform has announced
    the launch of a web services platform which is capable of integrating
    voice recognition capabilities with outbound call campaigns. This
    enables businesses to design complex call scenarios with an easy to
    use editor which helps in productivity. Using smart calls has also
    been found to be three times less expensive compared to human

Key Topics Covered

1. Introduction

2. Research Methodology

3. Executive Summary

4. Voice Recognition Market Insights

5. Voice Recognition Market Dynamics

6. Technological Overview

7. Global Voice Recognition Market Segmentation

8. Voice Recognition Market - Key Vendor Profiles

  • Nuance Communications
  • Agnitio Corp
  • Auraya Systems
  • Brianasoft
  • VoiceBox Technologies
  • Fulcrum Biometrics
  • Neurotechnology
  • VoiceTrust
  • M2SYS Biometrics
  • Sensory, Inc.
  • VoiceBase Inc.

9. Voice Recognition Market Investment Analysis

10. Future of Voice Recognition Market

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