Voice And Speech Recognition Software Market anticipated to showcase a CAGR of 17.5% from 2019 to 2025
Voice And Speech Recognition Software Industry Overview The global voice and speech recognition software market size was valued at USD 10.46 billion in 2018 and is anticipated to showcase a CAGR of 17.5% from 2019 to 2025. The market is anticipated to be driven by technological advancements and rising adoption of the software in advanced electronic devices. Voice-activated biometrics used for security purposes help provide access to authenticated users for performing a transaction. Growing use of voice biometrics is amongst the major factors driving the growth. Increasing demand for voice-driven navigation systems and workstations is impelling growth in the hardware and software segments. Integration of voice-enabled in-car infotainment systems is gaining popularity across the globe as several countries initiate “hands-free” regulations that govern the use of mobile phones while driving. Gather more insights about the market drivers, restrains and growth of the Global Voice A...