Global Automatic Speech Recognition market to reach size of US$ 17.94 Billion in 2025

reogma|Global Automatic Speech Recognition market to reach size of US$ 17.94 Billion in 2025

The Global Automatic Speech Recognition (ASR) Market is estimated to be worth US$ 6.26 Billion in 2019 and is poised to grow at a healthy CAGR of 19.18% to clock a market size of US$ 17.94 Billion in 2025.

The Global ASR Market is driven by Surging demand for speech-based biometrics, Increasing adoption of speech recognition in the consumer verticals and Technological advancements to launch voice-based product purchases.

  • Definition / Scope
  • Market Overview
  • Market Risks
  • Top Market Opportunities
  • Market Drivers
  • Market Restraints
  • Industry Challenges
  • Technology Trends
  • Pricing Trends
  • Regulatory Trends
  • Other Key Market Trends
  • Market Size and Forecast
  • Market Outlook
  • Technology Roadmap
  • Distribution Chain Analysis
  • Competitive Landscape
  • Competitive Factors
  • Key Market Players
  • Strategic Conclusion
  • References
  • Further Reading
  • Appendix

Definition / Scope

Automatic Speech Recognition (ASR) is a technology designed to recognize and process the human voice. It helps distinguish a individual's speech / voice and allows end-users to authenticate the identity of the person communicating inside the framework. It utilizes computer-programmed techniques, and is software-based.

This software-based technology also enables human interaction, similar to a human conversation, through an Artificial Intelligence (AI) or a computer interface. There are two types of automated speech recognition software, such as directed dialogue conversations and natural language conversations or natural language processing (NLP).

reogma|Global Automatic Speech Recognition market to reach size of US$ 17.94 Billion in 2025

Directed Dialogue conversations are the simplified versions of ASR that are mostly used in the workplace, and consist of machine interfaces that verbally prompt end-users to respond using characters, words or digits from a limited list of choices, and in turn provide responses based on the defined request.

Automated telephone banking and other customer service interfaces are only a few examples that operate on directed dialogue ASR software.

Natural Language Conversations / Natural Language Processing (NLP) are more sophisticated ASR versions, and NLP attempts to mimic real conversations by enabling users to use an open-ended chat format with them instead of using heavily restricted menus of words a user may use. The iPhone's Siri interface is a cutting-edge example of these systems.


This report is 17 mins read | Subscribe now to read further.

Access all reports on site for only US$9.99/mo


Leave a Reply

Next Post

Solar Tracker market in APAC will reach USD 228.79 million by 2025

Fri Oct 2 , 2020
The Global Automatic Speech Recognition (ASR) Market is estimated to be worth US$ 6.26 Billion in 2019 and is poised to grow at a healthy CAGR of 19.18% to clock a market size of US$ 17.94 Billion in 2025. The Global ASR Market is driven by Surging demand for speech-based […]
reogma|Global Automatic Speech Recognition market to reach size of US$ 17.94 Billion in 2025reogma|Global Automatic Speech Recognition market to reach size of US$ 17.94 Billion in 2025

Tags

Tags

Newsletter Signup

Subscribe to our newsletter below and never miss the latest product or an exclusive offer.