Voice Recognition Software Has Huge Market Reach
May 3, 2017
Voice recognition software still feels like a futuristic technology, despite its prevalence in our everyday lives. WhaTech explains how far voice recognition technology has imbedded itself into our habits in, “Listening To The Voice Recognition Market.”
The biggest example of speech recognition technology is an automated phone system. Automated phone systems are used all over the board, especially in banks, retail chains, restaurants, and office phone directories. People usually despise automated phone systems, because they cannot understand responses and tend to put people on hold for extended periods of time.
Despite how much we hate automated phone systems, they are useful and they have gotten better in understanding human speech and the industry applications are endless:
The Global Voice Recognition Systems Sales Market 2017report by Big Market Research is a comprehensive study of the global voice recognition market. It covers both current and future prospect scenarios, revealing the market’s expected growth rate based on historical data. For products, the report reveals the market’s sales volume, revenue, product price, market share and growth rate, each of which is segmented by artificial intelligence systems and non-artificial intelligence systems. For end-user applications, the report reveals the status for major applications, sales volume, market share and growth rate for each application, with common applications including healthcare, military and aerospace, communications, and automotive.”
Key players in the voice recognition software field are Validsoft, Sensory, Biotrust ID, Voicevault, Voicebox Technologies, Lumenvox, M2SYS, Advanced Voice Recognition Systems, and Mmodal. These companies would benefit from using Bitext’s linguistic-based analytics platform to enhance their technology’s language learning skills.
Whitney Grace, May 3, 2017
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