Voice and Speech Recognition Industry Poised to Expand at a CAGR of 17.2% during the Forecast Period
Voice and Speech Recognition Industry Overview The global voice and speech recognition market size was valued at USD 9.12 billion in 2017. It is poised to expand at a CAGR of 17.2% during the forecast period. Technological advancements along with the rising adoption of advanced electronic devices are projected to stimulate the growth of the market during the forecast period. Voice-activated biometrics used for security purposes help in providing access to authenticated users for performing a transaction. Surging the use of voice biometrics is of the key factors driving the market. Increasing demand for voice-driven navigation systems and workstations is promoting growth in the hardware and software segments. The 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 grow...