Speech recognition technology is a high technology that enables machines to transform speech signals into corresponding text or commands through the recognition and understanding process.Speech recognition technology mainly includes feature extraction technology, pattern matching criterion and model training technology.
The adoption of artificial intelligence and Internet of Things is driving the global speech recognition market.

Market Analysis and Insights: Global Speech Recognition Market
The global Speech Recognition market size is projected to reach US$ 17490 million by 2027, from US$ 9461.8 million in 2020, at a CAGR of 9.1% 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 Speech Recognition 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 Speech Recognition 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 Speech Recognition 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 Speech Recognition market.

Global Speech Recognition Scope and Market Size
Speech Recognition market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Speech Recognition 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
Speaker Dependent
Speaker Independent

Segment by Application
Military
Automotive
Healthcare

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
Nuance
Microsoft
Agnitio
VoiceVault
VoiceBox Technologies
Google
LumenVox
Raytheon BBN Technologies
Advanced Voice Recognition Systems
Sensory
ReadSpeaker Holding
Iflytek
AT&T
Fluent