Market Research Insights

San Francisco, 18 June 2024:  The Report  Voice And Speech Recognition Market  Size, Share & Trends Analysis Report By Function (Speech Recognition, Voice Recognition), By Technology, By Vertical, By Region, And Segment Forecasts, 2024 - 2030 The global voice and speech recognition market size is anticipated to reach USD 53.67 billion by 2030, registering a CAGR of 14.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is anticipated to witness an upsurge in the adoption of voice-activated systems, voice-enabled devices, and voice-enabled virtual assistant systems owing to the rising applications in the banking and automobile sectors. The escalating need to counter fraudulent activities and enhance security in the banking sector is boosting the adoption of voice biometrics for the authentication of users. The automobile sector is expected to gain momentum owing to advances in technology & emergence of innovative c...

  San Francisco, 6 June 2024:  The Report   Voice And Speech Recognition Market  Size, Share & Trends Analysis Report By Function (Speech Recognition, Voice Recognition), By Technology, By Vertical, By Region, And Segment Forecasts, 2024 - 2030 The voice and speech recognition market is significantly driven by increasing technological advancements and a surge in the adoption of smart devices. Voice and speech recognition technology enables computers and devices to understand and interpret human speech, converting spoken words into written text or actionable commands. This technology has witnessed significant advancements in recent years and has found widespread adoption in various industries and applications. The growing requirement for self-service functionalities in applications such as call centers and banking is anticipated to create new growth avenues for the industry. According to a study by Grand View Research, in 2023, the global voice and speech rec...