DUBLIN--(BUSINESS WIRE)--The "Europe Speech and Voice Recognition Market Analysis, Companies Profiles, Size, Share, Growth, Trends and Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The European speech and voice recognition market is expected to reach USD 1,665.08 Million by 2025 from USD 286.89 Million in 2017, at a CAGR of 24.7% in the forecast period 2018 to 2025. The report provides data for 2016 to 2025, 2017 being the current year while 2018 to 2025 is the forecast period for the report.
The major factors driving the growth of this market are the effective integration due to increased demand for voice and speech-based biometric systems, increasing demand for voice authentication in mobile applications and use of artificial intelligence (AI) on the accuracy of speech and voice recognition.
The market is segmented based on technology into two notable segments; artificial intelligence based software and traditional software. The Speech and voice recognition market is dominated by artificial intelligence based software with 69.5% market share in 2017 and is expected to grow at the highest CAGR of 27.2% in the forecast period.
Key Players
- Microsoft
- Nuance Communications Inc.
- iFlytek Co. Ltd.
Key Topics Covered
1. Introduction
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. Europe Speech and Voice Recognition Market, By Technology
7. Europe Speech and Voice Recognition Market, By Product Type
8. Europe Speech and Voice Recognition Market, By Deployment
9. Europe Speech and Voice Recognition Market, By Industry
10. Europe Speech and Voice Recognition Market, By Geography
11. Europe Speech and Voice Recognition Market, Company Landscape
12. Company Profiles
- Nuance Communications Inc.
- Sensory Inc.
- Cantab Research Limited
- Hoya Corporation
- Pareteum
- IFlytek Co. Ltd.
- Voicevault Inc.
- Voicebox Technologies Corporation
- Lumenvox, Llc.
- Acapela Group Sa
- Vocalzoom
- Biotrust
- Uniphore
- Raytheon Company
- Advanced Voice Recognition Systems Inc.
- Microsoft
For more information about this report visit https://www.researchandmarkets.com/research/cwsv24/european_1_66?w=4
