Voice recognition software is an application which makes use of speech recognition algorithms to identify the spoken languages and act accordingly.
The market is anticipated to be driven by technological advancements and rising adoption of the software in advanced electronic devices.

Market Analysis and Insights: Global Voice And Speech Recognition Software Market
The global Voice And Speech Recognition Software market size is projected to reach US$ 20920 million by 2027, from US$ 10470 million in 2020, at a CAGR of 9.9% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Voice And Speech Recognition Software market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Voice And Speech Recognition Software market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Voice And Speech Recognition Software market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Voice And Speech Recognition Software market.

Global Voice And Speech Recognition Software Scope and Market Size
Voice And Speech Recognition Software market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Voice And Speech Recognition Software market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
AI-based
Non-AI based

Segment by Application
Automotive
BFSI
Consumer
Education
Enterprise
Government
Healthcare
Military
Retail

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
Advanced Voice Recognition Systems, Inc.
Agnitio S.L.
Amazon.com, Inc.
Api.ai
Apple, Inc.
Anhui USTC iFlytek o., Ltd.
Baidu, Inc.
BioTrust ID B.V.
CastleOS Software, LLC
Facebook, Inc.
Google, Inc.
International Business Machines Corporation
JStar
LumenVox LLC
M2SYSLLC
Microsoft Corporation
MModal, Inc.
Nortek Holdings, Inc.
Nuance Communications, Inc.
Raytheon Company
SemVox GmbH
Sensory, Inc.
ValidSoft U.K. Limited
VoiceBox Technologies Corporation
VoiceVault, Inc.