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Voice Recognition Market

Voice Recognition Market Research Report – Segmented By Deployment (Cloud, On-premise), End User (Automotive, Banking, Consumer Applications, Government, Healthcare, Other End Users, Telecommunication) & Region (North America, Europe, APAC, Latin America, Middle East and Africa) – Analysis on Size, Share, Trends, COVID-19 Impact, Competitive Analysis, Growth Opportunities and Key Insights from 2017 to 2026.


01

Executive Summary

Voice Recognition Market from Consainsights analyses the Voice Recognition Market in the Technology & Media industry over the forecast period to 2026.

Voice Recognition research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.

Voice Recognition segmentation includes Deployment, End User and Geography.

All segmentations encompasses the key innovations and micro & macro trends, companies/manufacturers operating in this space along with their usage and penetration with respect to the wide range of End Users. Additionally, market sizing information along with the key factors such as market drivers, restraints, opportunities and challenges which are likely to be influencing the market growth are outlined in this report.

Based on the Deployment, the Voice Recognition Market analysis covers Cloud, On-premise.

Based on the End User, the Voice Recognition Market analysis covers Automotive, Banking, Consumer Applications, Government, Healthcare, Other End Users, Telecommunication.

Key companies operating in the market include Nuance Communications Inc., Auraya Systems Pty Ltd, Microsoft Corporation, Apple Inc., Alphabet Inc., Amazon.com Inc., Sensory Inc., Fulcrum Biometrics LLC, Neurotechnology, Advanced Voice Recognition Systems Inc., IBM Corporation, Baidu Inc., Brainasoft and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.

Moreover, the competitive analysis includes the companies deals such as Mergers, Acquisitions, Partnerships and so on along with the expansion areas focusing on the additional geographies, future insights for success and market share analysis. Major players strategies include the launch of the innovative product lines along with the emphasis on the partnerships and acquisitions to standardize their market share in the market space.

Market Research methodology includes the triangulation of the data from the data sources such as Primary Market Research approach and Secondary Market Research Approach along with the data from the trade bodies and industry standard publications and data sources. Primary inputs from the industry experts and the market respondents from the respective industries to obtain very critical information to assess the future growth prospects of the market. The final data is triangulated and thoroughly validated considering all the data sources using the bottom-up and the top-down approaches to estimate the market sizing of the individual segments.

  • Revenue Share (%), By Deployment (2019)
    Revenue Share (%), By Deployment (2019)
  • Revenue Share (%), By End User (2019)
    Revenue Share (%), By End User (2019)
02

Market Overview

  • The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.
  • The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.
  • The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.
  • Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.
  • Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.
  • As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.
  • The currency used in this report is USD, with the market size indicated in terms of USD million/billion.
  • For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.
  • For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.
03

By Deployment

By Deployment, The Global Voice Recognition Market analysis covers Cloud, On-premise.

Global Voice Recognition Market - Historical, Forecast Market Sizes (Us$ Mn), By Deployment, 2019-2027
Global Voice Recognition Market - Historical, Forecast Market Sizes (Us$ Mn), By Deployment, 2019-2027

The Cloud segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Cloud: Global Voice Recognition Market Revenue Opportunity (Us$ Mn)
Cloud: Global Voice Recognition Market Revenue Opportunity (Us$ Mn)

The On-premise segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

On-premise: Global Voice Recognition Market Revenue Opportunity (Us$ Mn)
On-premise: Global Voice Recognition Market Revenue Opportunity (Us$ Mn)
04

By End User

By End User, The Global Voice Recognition Market analysis covers Automotive, Banking, Consumer Applications, Government, Healthcare, Other End Users, Telecommunication.

Global Voice Recognition Market - Historical, Forecast Market Sizes (Us$ Mn), By End User, 2019-2027
Global Voice Recognition Market - Historical, Forecast Market Sizes (Us$ Mn), By End User, 2019-2027

The Automotive segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Automotive: Global Voice Recognition Market Revenue Opportunity (Us$ Mn)
Automotive: Global Voice Recognition Market Revenue Opportunity (Us$ Mn)

The Banking segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Banking: Global Voice Recognition Market Revenue Opportunity (Us$ Mn)
Banking: Global Voice Recognition Market Revenue Opportunity (Us$ Mn)

The Consumer Applications segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Consumer Applications: Global Voice Recognition Market Revenue Opportunity (Us$ Mn)
Consumer Applications: Global Voice Recognition Market Revenue Opportunity (Us$ Mn)

The Government segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Government: Global Voice Recognition Market Revenue Opportunity (Us$ Mn)
Government: Global Voice Recognition Market Revenue Opportunity (Us$ Mn)

The Healthcare segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Healthcare: Global Voice Recognition Market Revenue Opportunity (Us$ Mn)
Healthcare: Global Voice Recognition Market Revenue Opportunity (Us$ Mn)

The Other End Users segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Other End Users: Global Voice Recognition Market Revenue Opportunity (Us$ Mn)
Other End Users: Global Voice Recognition Market Revenue Opportunity (Us$ Mn)

The Telecommunication segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Telecommunication: Global Voice Recognition Market Revenue Opportunity (Us$ Mn)
Telecommunication: Global Voice Recognition Market Revenue Opportunity (Us$ Mn)
05

North America

Based on the North America, the Voice Recognition Market analysis covers United States, Canada.

North America Map
North America Voice Recognition Market Size, 2019-2027 (Us$ Mn)
North America Voice Recognition Size, 2019-2027 (Us$ Mn)
North America Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
North America Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
North America Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
North America Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
United States Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
United States Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
United States Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
United States Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
Canada Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
Canada Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
Canada Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
Canada Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
06

Europe

Based on the Europe, the Voice Recognition Market analysis covers Germany, United Kingdom, France, Spain, Russia, Italy, Rest of Europe.

Europe Map
Europe Voice Recognition Market Size, 2019-2027 (Us$ Mn)
Europe Voice Recognition Size, 2019-2027 (Us$ Mn)
Europe Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
Europe Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
Europe Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
Europe Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
Germany Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
Germany Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
Germany Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
Germany Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
United Kingdom Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
United Kingdom Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
United Kingdom Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
United Kingdom Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
France Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
France Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
France Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
France Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
Spain Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
Spain Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
Spain Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
Spain Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
Russia Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
Russia Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
Russia Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
Russia Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
Italy Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
Italy Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
Italy Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
Italy Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
Rest of Europe Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
Rest of Europe Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
Rest of Europe Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
Rest of Europe Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
07

Asia-Pacific

Based on the Asia-Pacific, the Voice Recognition Market analysis covers China, Japan, India, Southeast Asia, Australia & New Zealand, Rest of Asia-Pacific.

Asia-Pacific Map
Asia-Pacific Voice Recognition Market Size, 2019-2027 (Us$ Mn)
Asia-Pacific Voice Recognition Size, 2019-2027 (Us$ Mn)
Asia-Pacific Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
Asia-Pacific Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
Asia-Pacific Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
Asia-Pacific Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
China Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
China Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
China Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
China Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
Japan Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
Japan Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
Japan Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
Japan Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
India Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
India Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
India Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
India Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
Southeast Asia Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
Southeast Asia Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
Southeast Asia Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
Southeast Asia Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
Australia & New Zealand Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
Australia & New Zealand Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
Australia & New Zealand Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
Australia & New Zealand Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
Rest of Asia-Pacific Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
Rest of Asia-Pacific Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
Rest of Asia-Pacific Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
Rest of Asia-Pacific Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
08

Middle East & Africa

Based on the Middle East & Africa, the Voice Recognition Market analysis covers Middle East, Africa, Rest of Middle East & Africa.

Middle East & Africa Map
Middle East & Africa Voice Recognition Market Size, 2019-2027 (Us$ Mn)
Middle East & Africa Voice Recognition Size, 2019-2027 (Us$ Mn)
Middle East & Africa Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
Middle East & Africa Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
Middle East & Africa Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
Middle East & Africa Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
Middle East Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
Middle East Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
Middle East Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
Middle East Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
Africa Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
Africa Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
Africa Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
Africa Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
Rest of Middle East & Africa Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
Rest of Middle East & Africa Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
Rest of Middle East & Africa Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
Rest of Middle East & Africa Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
09

Latin America

Based on the Latin America, the Voice Recognition Market analysis covers Brazil, Argentina, Mexico, Colombia, Rest of Latin America.

Latin America Map
Latin America Voice Recognition Market Size, 2019-2027 (Us$ Mn)
Latin America Voice Recognition Size, 2019-2027 (Us$ Mn)
Latin America Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
Latin America Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
Latin America Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
Latin America Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
Brazil Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
Brazil Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
Brazil Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
Brazil Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
Argentina Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
Argentina Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
Argentina Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
Argentina Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
Mexico Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
Mexico Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
Mexico Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
Mexico Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
Colombia Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
Colombia Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
Colombia Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
Colombia Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
Rest of Latin America Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
Rest of Latin America Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By Deployment, 2019-2027
Rest of Latin America Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
Rest of Latin America Voice Recognition Market - Historical, Forecast Market Sizes (US$ MN), By End User, 2019-2027
10

Company Analysis

  • Nuance Communications Inc.
  • Auraya Systems Pty Ltd
  • Microsoft Corporation
  • Apple Inc.
  • Alphabet Inc.
  • Amazon.com Inc.
  • Sensory Inc.
  • Fulcrum Biometrics LLC
  • Neurotechnology
  • Advanced Voice Recognition Systems Inc.
  • IBM Corporation
  • Baidu Inc.
  • Brainasoft