Report forecast the global speech recognition
software market to grow at a CAGR of 16.99% during the period 2016-2020.
A speech recognition software identifies words
spoken by an individual or speaker into a microphone, converts them into a
computer-readable format, and responds automatically. These software
applications recognize speech in multiple languages. These applications are
used both by individual consumers and enterprises in the healthcare; banking,
financial services, and insurance; legal; and telecommunications sectors for a
number of purposes including fraud management, speaker verification, speaker
identification, biometrics, and vehicle telematics.
The biometrics segment is seeing a high demand for
speech recognition software because of the growing instances of fraud. Vendors
are developing easy-to-deploy and cost-effective speech recognition
applications that help in fraud management.
The report covers the present scenario and the
growth prospects of the global speech recognition software market for
2016-2020. To calculate the market size, the report considers the revenue
generated from the sales of speech recognition solutions, including software,
integrated solutions, and services.
The market is divided into the following
segments based on geography:
- Americas
- APAC
- EMEA
According to the report, increased work pressure
and busy schedules have forced people to resort to unhealthy eating habits,
with no or little time for a workout. However, the increased awareness of the
benefits of a healthy lifestyle is encouraging people to opt for healthy diets
and daily exercise to remain healthy and avoid health issues. As a result, the
demand for fitness equipment is on the rise.
Further, the report states that the rising interest
among consumers toward yoga, high-intensity interval training (HIIT), aerobics,
and swimming poses a challenge for the global cardiovascular training equipment
market.
Global Speech Recognition Software Market
2016-2020, has been prepared based on an in-depth market analysis with
inputs from industry experts. The report covers the market landscape and its
growth prospects over the coming years. The report also includes a discussion
of the key vendors operating in this market.
key players in the Global Cardiovascular Training
Equipment Market: Cybex International, Inc., ICON Health and Fitness, Nautilus,
Inc., Precor, Inc., Technogym.
Other Prominent Vendors in the market are: Accell
Fitness, Asian Sports & Enterprises, Body Solid, Bullworker Enterprises,
Fitness EM, Hudson Aquatic Systems, HydroWorx, Hydro Physio, Johnson Health
Tech, Jerai Fitness, Life fitness, Rocky Mountain Fitness, Torque Fitness, and
Vibrogym.
Market driver
- Increased use of biometrics
- For a full, detailed list, view our report
Market challenge
- Lack of accuracy
- For a full, detailed list, view our report
Market trend
- Increased use of voice passwords
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 53 pages and 19 Exhibit “Global
Speech Recognition Software Market 2016 - 2020” report covers Executive
summary, Scope of the report, Market research methodology, Introduction, Market
landscape, Five forces analysis, Market segmentation by application, Market
segmentation by end-user, Geographical segmentation, Key leading countries,
Buying Criteria, Market drivers, Impact of drivers, Market challenges, Impact
of drivers and challenges, Market trends, Vendor landscape, Appendix.
For
more information Visit at: http://mrr.cm/JcC
Find all Software reports at: http://www.marketresearchreports.com/software
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