Market research Future

  Speech Recognition Market Analysis  The global speech recognition market will touch USD 16 billion at a 16% CAGR in the forecast period 2017- 2023 as per the new Market Research Future (MRFR) analysis. Speech recognition, put simply, is a technology that is used in different devices like computers, cars, and smartphones that allows systems in identifying the sound of spoken words and converting them into machine readable form. This uses linguistic units for audio and speech signals.  Get Free Sample Report @  https://www.marketresearchfuture.com/sample_request/1815   Various factors are fuelling the global speech recognition market size. According to the recent MRFR market estimates, such factors include the growing need for speech recognition in automotive, growing need for voice biometric systems for user authentication, high growth potential in healthcare application, growing adoption in consumer verticals, emergence of speech recognition in robotics, and t...

  Market Highlights: According to a new report by Market Research Future (MRFR), global speech recognition market is expected to reach USD 16 billion at 16% CAGR over the forecast period (2017-2023). Voice holds a unique characteristic of an individual just like iris or fingerprints and has emerged as a feasible authentication technique. The ability to deliver accurate authentication sets voice apart as a preferred authentication method for online transactions. The incorporation of voice recognition techniques is gaining popularity in cars since most of the countries are initiating hands-free regulation with the use of mobile phones while driving. Voice recognition technology offers customizing voice commands that enable hands-free dictation. It eradicates the need to open, edit, and send a specific file. All one needs to do is send it through a voice command. The mobile voice recognition technique facilitates clinicians to convert their voice into a detailed clinical description w...