Global Voice Recognition Market: Market Research by Knowledge Sourcing Intelligence
The global voice recognition market is projected to a good CAGR of during the forecast period. Rising need for security owing to increasing frequencies of fraud in various industries, especially in banking and healthcare sectors is driving the demand for voice recognition software while augmenting its market growth. The trend of incorporating voice recognition in automated homes and automobiles is gaining momentum which is further complimenting its market growth. Growth in the e-retail sector coupled with adoption of mobile banking in the e-commerce industry is expected to further drive the voice recognition market in the next five years. Geographically, Asia Pacific is expected to grow at a high rate over the projected period. This growth is largely driven by the rising adoption of voice recognition technology in IoT applications. However, America is expected to hold a notable position by th...