The speech and voice recognition industry will relinquish an approximated estimate at a frequency of 24.7% for the projection space of 2020 to 2027 with factor such as the increase in adoption of speech and voice recognition technology by customers.
The speech and voice recognition market has shown an exceptional penetration in China. Growing inclination towards biometrics systems has boosted the speech and voice recognition market. In countries such as Japan, South Korea and India, the rising awareness is creating opportunity for the speech and voice recognition market.
According to Data Bridge Market Research, the market for speech and voice recognition in China has the highest market share followed by Japan and South Korea. Market leader is Nuance Communications, Inc. which accounts an estimated market share of approximately 26.87% in Asia-Pacific. The company has gained outstanding sales through providing advanced therapies for speech and voice recognition.
Now the question is which other regions Nuance Communications, Inc., Microsoft and Amazon Web Services, Inc. (a subsidiary of Amazon.com, Inc.) are targeting? Data Bridge Market Research has forecasted a large growth in China speech and voice recognition market and the market leaders targeting the Japan and South Korea to be their next revenue pocket for 2020.
The speech and voice technology market is becoming more competitive every year with companies such as Nuance Communications, Inc., Microsoft and Amazon Web Services, Inc. (a subsidiary of Amazon.com, Inc.) as they are the market leaders for speech and voice recognition technology. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the speech and voice recognition market.
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Asia-Pacific speech and voice recognition market is segmented on the basis of countries into the China, Japan, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines and Rest of Asia-Pacific.
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Key Market Competitors Covered in the Report
Above are the key players covered in the report, to know about more and exhaustive list of speech and voice recognition companies’, contact us https://www.databridgemarketresearch.com/toc/?dbmr=asia-pacific-speech-voice-recognition-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Global Speech and Voice Recognition Market – Industry Trends and Forecast to 2028
North America Speech and Voice Recognition Market - Industry Trends and Forecast to 2029
Asia-Pacific Speech and Voice Recognition Market – Industry Trends and Forecast to 2027
Europe Speech and Voice Recognition Market – Industry Trends and Forecast to 2029