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The Global Speech and Voice Recognition Market was valued at US$ 7.8 billion and expected to reach US$ 43 billion by 2030. Speech and voice recognition software is built on NLP algorithms to detect voice commands, speeches, and then it converts voice commands to an electronic form that can be further saved for other applications. Increasing penetration of smartphones coupled with advancement in technological infrastructure is driving the speech and voice recognition market. Voice and speech recognition is witnessing high demand in the healthcare sector owing to a rise in usage of voice command to record the patient’s details through voice. The voice and speech recognition is also used in the R&D center and medical labs to check the authenticity of the employee and also they make sure no clinical data is breached. The rising number of small and medium enterprises across North America and the Asia Pacific is creating new opportunities in the speech and voice recognition market. Th ....

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