Voice Recognition Market to hit US$ 10 billion by 2028, Says Global Market Insights Inc.
SELBYVILLE, Del., April 11, 2022 /PRNewswire/ -- The voice recognition market is expected to surpass USD 10 billion by 2028, as reported in a research study by Global Market Insights Inc. The market growth can be attributed to the emergence of fintech technology and innovations in banking processes along with digitization.
- Major voice recognition market participants include Aculab PLC, Advanced Voice Recognition Systems Inc., Alphabet Inc., Amazon.com Inc., Apple Inc., Aware Inc., Brainasoft, Fujitsu Ltd., IBM etc.
- The cloud-based voice recognition market is expanding owing to its several benefits such as high speed, scalability, IT security, and 24/7 services.
- For instance, in April 2021, Microsoft Corporation acquired Nuance Communications, Inc., an AI-based voice recognition solutions provider to boost cloud healthcare business.
- Some of the major findings of the voice recognition market report are:
Stringent government polices to improve data security will positively impact the voice recognition market growth.