© 2016 Global Market Insights, Inc. USA. All Rights Reserved Fuel Cell Market size worth $25.5bn by 2024Low Power Wide Area Network Speech & Voice Recognition Market 2024: Industrial Forecast and Analysis : Global Market Insights Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  North America, speech & voice recognition market is predicted to lead owing to the large-scale implementation of biometric systems. Moreover, increasing demand for high level security coupled with strong economic conditions has led to a high adoption of biometric systems in the region thereby, driving the speech & voice recognition market.  In Asia Pacific, economies such as China, India, Japan are anticipated to see high growth owing to the increasing demand of voice biometrics for security and authentication. Increasing demand of self-service applications in sectors such as BFSI, IT and telecom is further contributing to the growth of speech & voice recognition market in the region. With several government agencies increasingly using voice biometrics for security & authentication and with the presence of several electronics device manufacturers such as Sony, Samsung, LG in these regions it is anticipated to spur the overall speech & voice recognition market growth. Regional Analysis of Speech & Voice Recognition Market:

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Customer care services in the speech & voice recognition market will witness growth over the forecast timeline. Various business sectors such as BFSI, IT, telecom, healthcare and hospitality are using the technology to tackle the increasing occurrence of security breach in these sectors which is propelling the industry demand.  In the healthcare sector, the main use of speech and voice recognition technology, are for reporting health checkups, in data entry and in environments where the doctor or the dealing person cannot reach.  An automated speech recognition system in medical equipment addresses, the ease of use and the hands-free environment which in turn is helping spur the speech & voice recognition market growth. Application Analysis of Speech & Voice Recognition Market :

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Industry participants in the speech & voice recognition market include Nuance Communications, Apple Inc., MModal. Speech, Microsoft, IBM, and Google. The speech &voice recognition market is a highly competitive industry with presence of many players who are focused on improving accuracy to gain more market share to get better of their competitors.  The companies in the speech & voice recognition market are following aggressive competitive strategies which consists of acquiring established companies which act as competitors who are prominent in different markets. Competitive Market Share of Speech & Voice Recognition Market :

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