Global Speech Technology Market (2022 to 2027)

Dublin, Nov. 03, 2022 (GLOBE NEWSWIRE) — The “Global Speech Technology Market (2022-2027) by Functions, Delivery Methods, Deployment, Verticals, and Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis” report has been added to ResearchAndMarkets.com’s a donation.

The Global Speech Technology Market is estimated at USD 17.33 Bn in 2022 and is expected to reach USD 44.47 Bn in 2027, growing at a CAGR of 20.74%.

Market Dynamics

Market forces are forces that influence prices and the behavior of stakeholders. These forces create price signals from changes in the supply and demand curves of a particular product or service. Market Dynamics may be related to macroeconomic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As market forces influence supply and demand curves, decision makers aim to determine the best way to use various financial instruments to offset various strategies to accelerate growth and reduce risk.

Company Profiles

The report provides a detailed analysis of competitors in the market. It includes financial performance analysis of publicly listed companies in the market. The report also provides detailed information on the latest developments of the companies and the competitive landscape. Some of the companies included in this report are Acapela Group, Amazon Web Services, Inc., Anki, Apple Inc., Baidu, Inc., Google LLC, iFlytek, IBM Corp., Qualcomm Technologies, Inc., Quantiphi, Inc., Raytheon BBN Technologies, Sensory Inc., Siemens AG, etc.

Educated Countries

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, All Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
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The Competitive Quadrant

This report includes the Competitive Quadrant, a proprietary tool for analyzing and evaluating the position of companies based on their Industry Position score and Market Performance results. The tool uses various factors to classify players into four categories. Some of these factors are considered to analyze financial performance over the past 3 years, growth strategies, innovation score, new product launches, investments, market share growth, etc.

Ansoff analysis

The report presents a detailed Ansoff matrix analysis of the Global Speech Technology Market. The Ansoff Matrix, also known as the Product/Market Expansion Grid, is a strategic tool used to design a company’s growth strategies. The matrix can be used to evaluate methods in four ways viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is ​​also used for risk analysis to understand the risks involved in each approach.

The analyst analyzes the Global Speech Technology Market using the Ansoff Matrix to provide the best steps a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, the analyst designed appropriate strategies for market growth.

Why are you buying this report?

  • This report provides a comprehensive assessment of the Global Speech Technology Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. Ratings are calculated using proven research methods.
  • This report is compiled through extensive primary and secondary research. Primary research is conducted through interviews, surveys, and observations of prominent industry personnel.
  • The report includes an in-depth market analysis using Porter’s 5 power model and Ansoff Matrix. In addition, the impact of Covid-19 on the market is also highlighted in the report.
  • This report also includes the regulatory status of the industry, which will help you make an informed decision. This report discusses the major regulatory bodies and the major laws and regulations imposed on the industry across different jurisdictions.
  • This report also contains a competitive analysis using Positioning Quadrants, a competitive positioning analyst tool.
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Key Topics Covered:

1 Description of the Report

2 Research Methodology

3 Top Summary

4 Market Power
4.1 Drivers
4.1.1 Increasing Demand for Speech-Based Biometric Systems for Multi-factor Authentication
4.1.2 Growing Healthcare, Mobile Banking, and Smart Home Automation Applications
4.1.3 Potential Impact of AI on Speech Accuracy and Voice Recognition
4.2 Restrictions
4.2.1 High Costs Associated with Using a Speech Technology System
4.2.2 Lack of Accuracy in Difficult Areas
4.3 Opportunities
4.3.1 An increasing number of smart devices are based on voice control
4.3.2 Possible Development of Speech Technology Program for Minorities and Local Languages
4.4 Challenges
4.4.1 Standard Platform for Developing Custom Speech Recognition Systems

5 Market Analysis
5.1 Regulatory Status
5.2 Porter’s Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
5.5 PESLE analysis

6 Global Speech Technology Market, By Jobs
6.1 Introduction
6.2 Interactive Voice Response (IVR)
6.3 Real-Time Speech to Text Conversion
6.4 Figures of Speech
6.5 Speech Recognition
6.6 Synthesis of Speech
6.7 Confirmation of Speech

7 Global Speech Technology Market, By Delivery Modes
7.1 Introduction
7.2 Artificial Intelligence Based
7.3 Non-Artificial Intelligence Based

8 Global Speech Technology Market, By Distribution
8.1 Introduction
8.2 In the Cloud
8.3 In the country

9 Global Speech Technology Market, By Verticals
9.1 Introduction
9.2 Aerospace & Defense Security
9.3 Automotive
9.4 Government and Public Sector
9.5 Health Care and Life Sciences
9.6 IT & Telecommunications
9.7 Personal assistance
9.8 Sales

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10 US Speech Technology Market
10.1 Introduction
10.2 Argentina
10.3 Brazil
10.4 in Canada
10.5 in Chile
10.6 Colombia
10.7 in Mexico
10.8 Peru
10.9 United States
10.10 Other countries in the Americas

11 The European Speech Technology Market
11.1 Introduction
11.2 Austria
11.3 Belgium
11.4 Denmark
11.5 Finland
11.6 France
11.7 Germany
11.8 Italy
11.9 Netherlands
11.10 Norway
11.11 Poland
11.12 in Russia
11.13 Spain
11.14 Sweden
11.15 Switzerland
11.16 United Kingdom
11.17 All of Europe

12 The Middle East and Africa Speech Technology Market
12.1 Introduction
12.2 Egypt
12.3 Israel
12.4 Qatar
12.5 Saudi Arabia
12.6 South Africa
12.7 United Arab Emirates
12.8 Rest of MEA

13 APAC Speech Technology Market
13.1 Introduction
13.2 Australia
13.3 Bangladesh
13.4 China
13.5 In India
13.6 Indonesia
13.7 Japan
13.8 Malaysia
13.9 in the Philippines
13.10 Singapore
13.11 South Korea
13.12 in Sri Lanka
13.13 Thailand
13.14 Taiwan
13.15 All Asia-Pacific region

14 Competitive Environment
14.1 The IGR Competitive Quadrant
14.2 Market Share Analysis
14.3 Important Steps
14.3.1 IM&A and Investments
14.3.2 Cooperation and Cooperation
14.3.3 Product Development and Improvement

15 Company Profiles
15.1 Acapella Group
15.2 Amazon Web Services, Inc.
15.3 Also
15.4 Apple Inc.
15.5 Baidu, Inc.
15.6 Google LLC
15.7 Flytek
15.8 IBM Corp.
15.9 LumenVox
15.10 Meta Platforms, Inc.
15.11 Microsoft Corp.
15.12 Nuance Communications, Inc.
15.13 Qualcomm Technologies, Inc.
15.14 Quantiphi, Inc.
15.15 Raytheon BBN Technologies
15.16 Sensory Inc.
15.17 Siemens AG
15.18 Speak2Web
15.19 Speechmatics (Cantab Research Ltd.)
15.20 Uniphore Software
15.21 Validsoft
15.22 Voicevault Inc.

16 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/tksuj

  • Global Speech Technology Market


        

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