Automatic Speech Recognition Market: Channelizing Acoustic Data for Operational Efficiency Bolsters Growth

Published on : Sep 07, 2018

Albany, New York, September 7, 2018: Pressing needs to convert acoustic data into valuable transcripts for enhanced operational efficiency in enterprises has necessitated adoption of automatic speech recognition software, thus reflecting growth ratios in automatic speech recognition market. In its recently added research report titled, 'Global Automatic Speech Recognition Market Size, Status and Forecast 2018-2025', Market Research Hub (MRH) etches key developments and their corresponding impact on automatic speech recognition market.

AI and Cloud Based Automatic Speech Recognition Software Emerges as the Latest Fad

Leading service providers in automatic speech recognition market are akin on development of apt business solutions to offer significant solutions complying with evolving industry trends. Introduction of cloud led and AI enabled automatic speech recognition software for real time data gathering and implementation of informed business actions as emerged as a prominent breakthrough, allowing market leaders to attain the necessary edge to substance competitive threat.

In a recent development in automatic speech recognition market, noted player Nuance Communications has disclosed its latest endeavors to integrate valuable features to its AI enabled voice recognition software to facilitate interactive customer communication by enterprises. Led by advanced language science this latest addition, Nuance Recognizer is estimated to fetch favorable outcome for Nuance Communications in automatic speech recognition market by offering cost efficient and interactive voice recognition engine.

This section of the report imparts actionable business information prevailing market segments. The report categorizes automatic speech recognition market into type and application. Based on type, automatic speech recognition market is splintered as speaker-dependent speech recognition system and speaker-independent speech system. Based on application, automatic speech recognition market is diversified as robotics, interactive voice response, video games, and home appliances. On the basis of detailed market outlook on market segments presented, readers can infer the impact of market segments in fuelling growth in automatic speech recognition market, besides enlightening readers’ understanding on the segment associated with revenue maximization.

The report also features pertinent research data on regional diversification of automatic speech recognition market, based on which the market is fragmented as Europe, Central and South America, Southeast Asia, India, China, Japan, and United States.

Competition Spectrum: Automatic Speech Recognition Market

Based on thorough research derivatives included in the report, this section of the report compiles crucial market details on the efficacy of marketing strategies implemented by market players to influence consumer preferences and subsequent buying discretion. New and existing market players can engage in in-depth analysis of these strategies to gather vital details based on which market players can facilitate profit oriented investment policies to ensure profit accentuation as well as sustenance in automatic speech recognition market. Noted players identified in the market comprise Nuance Communications, Dolby Fusion Speech, Voxeo, IBM, Google, and Cisco amongst numerous others.

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