Voice Recognition Market Growing at 9.4% CAGR to 2019

DALLAS, April 30, 2015 /PRNewswire/ --

According to Global Voice Recognition Market 2015-2019 research report increased use of biometrics is a major voice recognition market driver while increased demand in healthcare sector is a trend the industry is banking on.

Complete global report on voice recognition market spread across 64 pages, providing competitive analysis of Microsoft, Nuance Communications and ValidSoft as well as offering 19 exhibits to support the market analysis is available at http://www.reportsnreports.com/reports/323149-global-voice-recognition-market-2015-2019.html .

Voice recognition is software that has the ability to convert and decode human voice into speech easily understood by a computer. It is an ability of a machine to receive, understand, and dictate the spoken commands. Voice recognition is used for biometric security purposes to determine the voice of a particular person to grant or deny access. This technology has become very popular in mobile banking, which requires identification of authenticated users by their spoken commands to help them make transactions. The report covers the present scenario and the growth prospects of the Global Voice Recognition market for the period 2015-2019.

To calculate the voice recognition market size, this research considers revenue generated from sales of hardware systems and sales of software applications. The research includes detailed analysis of software applications like ASR, Voice biometrics (including revenue from speaker identification and speaker verification systems) and text-to-speech. It also presents the vendor ranking and a corresponding detailed analysis of the top four vendors in the Global Voice Recognition market. In addition, the report discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends emerging in the market.

Along with Microsoft, Nuance Communications and Validsoft, the report also mentions other prominent vendors including Advanced Voice Recognition Systems, Agnitio, AT&T, Auraya Systems, LumenVox, Raytheon BBN Technologies, Telisma, Voice Biometrics Group, Voice Trust, and Voxeo. Order a copy of this research at http://www.reportsnreports.com/Purchase.aspx?name=323149 .

Specific key regions analyzed in the report include the Americas, Asia and Pacific, and Europe, the Middle East and Africa. The report covers a number of key topics, including the projected market size and growth rate in 2019, key trends emerging in the market, the major drivers that influence the growth of the market, and the market opportunities and threats, along with the strengths and weaknesses faced by vendors and the market at large.

On similar lines, another research on Global Automotive Voice Recognition Market 2014-2018 forecasts the automotive voice recognition sector to grow at 10.59% CAGR to 2018. An automotive voice recognition system helps passengers give commands to be carried out by infotainment systems in the vehicle. These systems help the driver access various automotive systems with simple voice commands, thereby providing a user-friendly environment in the vehicle. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Automotive Voice Recognition market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market. In addition, the report discusses major drivers and challenges for the vendors and the market at large and the key trends emerging in the market. Companies like LumenVox LLC, Nuance Communications Inc., Sensory Inc. and VoiceBox Technologies Inc. are mentioned in this research.

The Global Iris Recognition market is set to grow at a CAGR of 23.5% over the period 2014-2019 forecasts another new research available at http://www.reportsnreports.com/reports/344948-global-iris-recognition-market-2015-2019.html . To calculate the market size, the report considers the revenue generated from sales of iris recognition systems. The report consolidates the revenue generated from the major end-user segments like Government, Transportation and Healthcare. Companies like 3M Cogent, Bioenable Technologies, Cross Match Technology, Iris ID Systems, Safran, 360 Biometrics, Aware, Smartmatic, SRI International and Texas Instruments are mentioned in this research.

Explore more research reports on semiconductor and electronics market as well as the IT and Telecommunications industry at http://www.reportsnreports.com/market-research/information-technology/ .

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