The stakes are inherent to our ever-connected world where customized services, technologies and tools are a game-changer.
Speech recognition and voice recognition technologies and services steadily impact our
living and working conditions.
For example, the speech & voice recognition market is
driven by the growing need to combat fraudulent activities in several verticals
such as enterprise, healthcare, banking, and others as well as the adoption of
mobile banking by several national & international banks and e-commerce
retailers.
The voice recognition market leverages the growing security application in
digital and internet-connected devices.
According to Research and Markets, the speech recognition market is expected to reach USD 9.97 Billion by
2022, while the he voice recognition market is expected to reach USD 1.99
Billion by 2022.
The firm also reveals that, the possibility of improper usage of language
and grammatical errors by the user, among others challenges restricts the
growth of the speech & voice recognition market.
Among key
vendors we have: