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Global Speech and Voice Recognition Market Trends, Forecast and Competitive Analysis Report 2021-2024 - ResearchAndMarkets.com
December 10, 2020 GMT
DUBLIN (BUSINESS WIRE) Dec 10, 2020
The global speech and voice recognition market is expected to grow with a CAGR of 20% from 2019 to 2024.
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The future of the speech and voice recognition market looks promising with opportunities in the automotive, enterprise, consumer, banking, financial services, insurance, government, retail, healthcare, military, legal, and education industries.
The major drivers for this market are increased demand for speech-based biometric systems for multifactor authentication, growing demand for voice authentication in mobile banking applications, and growth in voice control-based smart assistive devices in consumer and enterprise vertical.