Lack of supporting I . T infrastructure is hampering overall system growth as establishment of automatic speech recognition systems requires highly efficient I . T systems and maintenance . Mindset change is another factor which is expected to restrain global industry growth in the future .
Some organizations are expected to hesitate in implementing new technologies and stick with their old systems . Voice recognition consists of front end and back end techniques . Front end techniques do face a challenge of accuracy and time delay . Therefore , back end recognition technique is vastly used owing to its high precision and speed benefits . These applications require a high amount of accuracy and should be able to handle disturbances or errors generated by noise . These systems also require high voice sensitivity detecting low pitch sounds as well . The automatic speech recognition market is expected to contribute to the growth of speech analytics as well .
Speech analytics , popularly known as audio mining is used to make meaningful inferences from the words captured . These application segments include fraud management , durable electronic goods , military services , healthcare and education . The technology finds its use in banking sectors , military , medical devices and cellular services . Banks are developing systems which allow transactions enabled through voice based security authentication . Substantial research is being done to implement in the field of military to implement voice recognition systems in high field aircrafts and helicopters .
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Speech recognition is also used for education purpose by people with disabilities . Other implementation includes home appliances , video games , interactive voice response and robotics . North America followed by Europe accounted for high demand for speech enabled applications . Such facilities require use of voice recognition technology thereby these regions formed a larger share in the global speech recognition market .
Federal government has adopted Electronic Health Records and is expected to increase regional market growth over the forecast period . Asia Pacific region and Middle East region are expected to observe significant growth on account of the presence of developing economies including China , India , Japan and UAE . Africa and South America are expected to observe slow growth on account of lack of technology and language barriers . Major vendors dominating the global market are Agnito , Apple , Auraya Systems , Aurix , Cisco , Google , IBM , LumenVox LLC , Microsoft Corp , MModal Inc , Nuance Communication , Raytheon BBN , Validsoft Ltd , Voice Biometrics Group , Voice Trust AG and Voxeo .
Nuance Communications , headquartered in Burlington , Massachusetts , USA recently announced its dragon drive connected car platform . This platform gives the automakers privilege to generate voice enables apps and