speaker independent and speaker dependent segments. The speaker independent systems can identify any voice or speech, despite of several variations in characteristics from one speaker to another. Moreover, speaker dependent systems work by learning the unique characteristics of an individual’ s voice making the system more reliable. Owing to these features the artificial intelligence segment in the speech & voice recognition market is anticipated to show a high growth rate over the forecast timeline.
Accuracy and speed are the major characteristics of the software which can be used as a tool for dictating and transcribing documents at work. A major benefit of the technology is for the users to do work simultaneously where user is expected to focus on observation, manual operations and still control the machinery by voice input commands that is helping drive the speech & voice recognition market growth. The software works in sync with various electronic software’ s which are used daily, such as Microsoft Office and emails.
Customer care services in the speech & voice recognition market will witness growth over the forecast timeline. Various business sectors such as BFSI, IT, telecom, healthcare and hospitality are using the technology to tackle the increasing occurrence of security breach in these sectors which is propelling the industry demand. In the healthcare sector, the main use of speech and voice recognition technology, are for reporting health checkups, in data entry and in environments where the doctor or the dealing person cannot reach. An automated speech recognition system in medical equipment addresses, the ease of use and the hands-free environment which in turn is helping spur the speech & voice recognition market growth.
North America, speech & voice recognition market is predicted to lead owing to the large-scale implementation of biometric systems. Moreover, increasing demand for high level security coupled with strong economic conditions has led to a high adoption of biometric systems in the region thereby, driving the speech & voice recognition market.
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