London, March 26, 2021 (GLOBE NEWSWIRE) — According to a new market research report titled, “Speech and Voice Recognition Market by Type (Speech and Voice Recognition), End User (Automotive, Healthcare, BFSI, Education, Legal), Technology (Artificial Intelligence and Non-Artificial Intelligence), and Geography – Global Forecast to 2025,” published by Meticulous Research®, the speech and voice recognition market is expected to grow at a CAGR of 17.2% from 2019 to 2025 to reach $26.79 billion by 2025.
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Speech and voice recognition is a small part of biometric systems. It authorizes contactless control to several devices and equipment that deliver automatic translation inputs and generates print-ready dictation. Over the years, voice and speech recognition technology has gained much importance. It is becoming a common part of individuals’ lives associated with computers, smartphones, and smart devices. Besides, voice and speech recognition technology offer several benefits, such as increased speed and accuracy, and help improve the system’s efficiency. Voice recognition allows for security features like voice biometrics, while speech recognition allows for automatic transcriptions and accurate commands.
The growing proliferation of voice-enabled devices, increasing consumer demand for smart devices, and integration of voice-enabled in-car infotainment systems…
