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Market Research Report

Voice Recognition Market: By Interface (AI-based and Non AI-based); By Industry (Automotive, Healthcare, Consumer Electronics, BFSI, Government, Defense) & By Requirement (Authentication & Verification and Speech recognition)- With Forecast 2019-2024

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Voice Recognition Market: By Interface (AI-based and Non AI-based); By Industry (Automotive, Healthcare, Consumer Electronics, BFSI, Government, Defense) & By Requirement (Authentication & Verification and Speech recognition)- With Forecast 2019-2024
Published: December 1, 2018 Content info:

Every individual has a unique voice. The voice pattern of an individual depends on a number of factors some of which include tone, pitch, volume and so on. An individual's voice is so unique that it has its own unique fingerprint. Scientists over the last few decades have made use of this fact and have used technology to identify individuals by this unique voice pattern. On this basis, biometric technology was developed which could identify and authenticate an individual based on fingerprint or IRIS pattern and now of course, voice pattern. Governments around the world have been using voice recognition technology to identify persons of interest by listening on certain conversations based on which the individual could be traced to any location around the world. Various intelligence agencies have been using the technology for surveillance and pre-emptive strikes against these persons of interest. Government agencies have also been using voice biometrics as a means of authentication and verification for individuals to access physical as well as logical data access.

On the consumer front, numerous devices, not necessarily for the purpose of authentication or verification, but for speech recognition, have employed voice recognition software. Based on what an individual says, the device can perform a set of functions. For examples, Apple Inc.'s Siri is able to recognize speech and accordingly take action based on what the input command is. Various devices have not started employing speech recognition software in their devices. Wearable are also looking at the technology and the same is already implemented across certain smart watches.

The BFSI sector is keenly investing in vice recognition technology, as it would revolutionize the industry in terms of how an individual can access information remotely. As of today, an individual needs to enter a password or provide personal details in order to be identified as the concerned individual. With voice recognition, none of this would be required as the voice would be the key to identifying if an individual is who she/he says they are.

The Voice recognition Market can be segmented as

on the basis of interface

AI-based and Non AI-based

In terms of industry

Automotive, Healthcare, Consumer Electronics, BFSI, Government, Defense and Others

In terms of requirement

Authentication & verification and Speech recognition

By Geography

North America, South America, APAC, Europe, Middle East and Africa

Following are just a few of the companies that are operating in the Voice recognition market.

Advanced Voice Recognition Systems, Inc.,

Agnitio SL,

Biotrust ID B.V.,

Lumenvox, LLC

Nuance Communications Inc.

Table of Contents

Table of Contents

1. Voice recognition Market - Market Overview

2. Executive Summary

3. Voice recognition Market- Market Landscape

  • 3.1. Market Share Analysis
  • 3.2. Comparative Analysis
    • 3.2.1. Product Benchmarking
    • 3.2.2. End User Profiling
    • 3.2.3. Top 5 Financials Analysis

4. Voice recognition Market- Market Forces

  • 4.1. Market Drivers
  • 4.2. Market Constraints
  • 4.3. Market Challenges
  • 4.4. Attractiveness of the Voice recognition Market
    • 4.4.1. Power of Suppliers
    • 4.4.2. Power of Customers
    • 4.4.3. Threat of New Entrants
    • 4.4.4. Threat of Substitution
    • 4.4.5. Degree of Competition

5. Voice recognition Market- Strategic Analysis

  • 5.1. Value Chain Analysis
  • 5.2. Pricing Analysis
  • 5.3. Opportunities Analysis
  • 5.4. Product/Market Life Cycle Analysis
  • 5.5. Suppliers and Distributors

6. Voice recognition Market- By Interface:

  • 6.1. AI-based
  • 6.2. Non AI-based

7. Voice recognition Market- By Industry:

  • 7.1. Automotive
  • 7.2. Healthcare
  • 7.3. Consumer Electronics
  • 7.4. BFSI
  • 7.5. Government
  • 7.6. Defense

8. Voice recognition Market- By Requirement:

  • 8.1. Authentication & verification
  • 8.2. Speech recognition

9. Voice recognition Market- By Geography:

  • 9.1. Introduction
  • 9.2. Global Study
  • 9.3. Americas
    • 9.3.1. North America
    • 9.3.2. Brazil
    • 9.3.3. Argentina
    • 9.3.4. Others
  • 9.4. Europe
    • 9.4.1. U.K.
    • 9.4.2. France
    • 9.4.3. Germany
    • 9.4.4. Others
  • 9.5. APAC
    • 9.5.1. China
    • 9.5.2. Japan
    • 9.5.3. India
    • 9.5.4. Others
  • 9.6. ROW

10. Market Entropy

  • 10.1. New Product Launches
  • 10.2. M&As, Collaborations, JVs and Partnerships

11. Company Profiles

  • 11.1. Advanced Voice Recognition Systems, Inc.
  • 11.2. Agnitio SL
  • 11.3. Biotrust ID B.V.
  • 11.4. Lumenvox, LLC
  • 11.5. M2SYS LLC
  • 11.6. Microsoft Corporation
  • 11.7. Mmodal, Inc.
  • 11.8. Nuance Communications Inc.
  • 11.9. Raytheon BBN Technologies
  • 11.10. Sensory, Inc.
  • 11.11. Validsoft UK Limited
  • 11.12. Voicebox Technologies Corp.
  • 11.13. Voicevault, Inc.

More than 40 Companies are profiled in this Research Report, Complete List available on Request*

"*Financials would be provided on a best efforts basis for private companies"

12. Appendix

  • 12.1. Abbreviations
  • 12.2. Sources
  • 12.3. Research Methodology
  • 12.4. Bibliography
  • 12.5. Compilation of Expert Insights
  • 12.6. Disclaimer
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