Dallas,TX (PRWEB) January 14, 2015
One of the emerging trends is the increased demand for voice recognition in the Healthcare industry. According to the report, voice recognition market is the increased use of biometrics. The Biometrics segment is witnessing a high demand for speech recognition applications because of the rise in fraudulent activities globally. Also the vendors in this segment are developing cost-effective and easy-to-deploy ASR applications.
Further, the report states that one of the main challenges that the market faces is the lack of accuracy in voice recognition systems. Voice recognition applications are highly sound-sensitive and hence any ambient noise reduces its accuracy levels.
The report recognizes the following companies as the key players in the Global Voice Recognition Market are Nuance Communications, Microsoft Corp. and ValidSoft Ltd.
Other Prominent Vendors in the market are Agnitio, Advanced Voice Recognition Systems, Auraya Systems, LumenVox, Raytheon BBN Technologies, Voice Biometrics Group, Voice Trust and Voxeo.
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- Increased Use of Biometrics
- Lack of Accuracy
- Increased Demand in Healthcare Industry
List of Exhibits
Exhibit 1: Market Research Methodology
Exhibit 2: Voice Recognition Process
Exhibit 3: Global Voice Recognition Market 2014-2019 (US$ billion)
Exhibit 4: Global Voice Recognition Market by Product Segmentation 2014
Exhibit 5: Global Voice Recognition Market by Product Segmentation 2014-2019
Exhibit 6: Global Voice Recognition Software Market 2014-2019 (US$ billion)
Exhibit 7: Global Voice Recognition Software Market by Applications 2014
Exhibit 8: Global Voice Recognition Software Market by Applications 2014-2019
Exhibit 9: Global ASR Market 2014-2019 (US$ million)
Exhibit 10: Global Text-to-speech Market 2014-2019 (US$ million)
Exhibit 11: Global Voice Biometrics Market 2014-2019 (US$ million)
Exhibit 12: Global Voice Recognition Hardware Market 2014-2019 (US$ billion)
Exhibit 13: Global Voice Recognition Market by Geographical Segmentation 2014
Exhibit 14: Microsoft: Business Segmentation by Revenue 2013
Exhibit 15: Microsoft: Business Segmentation by Revenue 2012 and 2013(US$ billion)
Other Reports on IT & Telecommunication Market –
Convenience and affordability are driving the automotive industry. Telematics and infotainment systems are now popular in Low-end Car segments. With the Voice Recognition market expanding in Asia, the demand for low-cost infotainment and telematics solutions is also growing. Affordable solutions such as Ford Sync, a hands-free communications and entertainment system and Fiat Blue&Me, an infotelematic platform are catering to this demand. It is expected that the Voice Recognition market will grow and become more popular during the period 2014-2018.
Key players in Global Automotive Voice Recognition Market are LumenVox LLC, Nuance Communications Inc., Sensory Inc. and VoiceBox Technologies Inc..
One key trend upcoming in this market is increased R&D spending by the market leaders. These companies are in a better position to focus on the development and use of inexpensive and advanced solutions for the end-users. The companies are mainly focusing on R&D to introduce inexpensive and advanced solutions for the customers. The increased focus on R&D has resulted in the introduction of products with better accuracy and high integration ability.
Key players in the Global Facial Recognition Market are 3M Cogent Inc., Cognitec Systems GmbH, NEC Corp. and Safran Group.
Global Image Recognition Market 2014-2018
Retailers are expected to begin using image recognition technology within the next few years to enhance in-store customer service by enabling shoppers to scan an item with an app. The usage of image recognition apps in the Retail industry helps to reduce operational and customer support costs along with reducing the need for human resources in many retail environments. For instance, if someone walks into a large retail shoe store, instead of waiting for the sales associate, a person could use her/his smartphone camera to scan the shoe with the help of the mobile app powered by image recognition technology and the augmented reality app will pull up the current inventory of the shoe.
Key players in the Global Image Recognition Market : Catchoom, Honeywell , Itraff Technology, LTU Technologies, Blipper, Hitachi, NEC , Panasonic, Qualcomm Technologies, Sharp Vision Software, Toshiba and Wikitude.
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