Global Speech Technology Market (2022 to 2027)

Dublin, Nov. 03, 2022 (GLOBE NEWSWIRE) — The “Global Speech Technology Market (2022-2027) by Application, Delivery Modes, Deployment, Vertical, and Geography, Competitive Analysis and Impact of Covid-19 by Ansoff Analysis” a description has been added’s offering.

The global Speech Technology market is estimated to be USD 17.33 Bn in 2022 and is expected to reach USD 44.47 Bn by 2027, growing at a CAGR of 20.74%.

Market Dynamics

Market dynamics are forces that influence prices and the behavior of stakeholders. These forces create pricing signals that result from the changes in the supply and demand curves for a particular product or service. Market Dynamics Forces can be related to macroeconomic and microeconomic factors. There are dynamic market forces other than price, demand and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As market dynamics affect supply and demand curves, decision makers aim to determine the best way to use different financial instruments to hedge different strategies to accelerate growth and reduce risks .

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the analysis of financial performance for publicly listed companies in the market. The report also provides detailed information on the recent development and competitiveness of the companies. Some of the companies covered in this report are Acapela Group, Amazon Web Services, Inc., Anki, Apple Inc., Baidu, Inc., Google LLC, iFlytek, IBM Corp., Qualcomm Technologies, Inc., Quantiphi, Inc., Raytheon BBN Technologies, Sensory Inc., Siemens AG, etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States of America, Rest of America)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, the rest of Europe)
  • Middle East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia -Pacific Ocean)
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Competitive Quarter

The report includes the Competitive Quadrant, a proprietary tool for analyzing and evaluating the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors to categorize the players into four categories. Some of these factors considered for analysis are financial performance over the past 3 years, growth strategies, innovation score, new product launches, investments, market share growth, etc.

Ansoff analysis

The report presents a detailed Ansoff matrix analysis for the Global Speech Technology Market. The Ansoff Matrix, also known as the Product/Market Expansion Grid, is a strategic tool used to design strategies for company growth. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is ​​also used for risk analysis to understand the risk associated with each approach.

The analyst analyzes the Global Speech Technology Market using the Ansoff Matrix to determine the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for the growth of the market.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Speech Technology Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and market size projections. The predictions are calculated using proven research methodologies.
  • The report was compiled through comprehensive primary and secondary research. The primary research is conducted through interviews, surveys, and observation of renowned industry personnel.
  • The report includes an in-depth analysis of the market using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also seen in the report.
  • The report also includes the regulatory situation in the industry, which will help you make an informed decision. The report discusses major regulatory bodies and the major rules and regulations imposed on this sector across different geographies.
  • The report also contains a competitive analysis using Positioning Quadants, the analyst’s competitive positioning tool.
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Main Topics Covered:

1 Report Report

2 Research Methodology

3 Executive summary

4 Market Dynamics
4.1 Drivers
4.1.1 Rising Demand for Biometric Speech-Based Multi-Factor Authentication Systems
4.1.2 Emerging Applications of Healthcare, Mobile Banking, and Smart Home Automation
4.1.3 Potential Impact of AI on Speech and Voice Recognition Accuracy
4.2 Restrictions
4.2.1 High Cost Related to Implementing the Speech Technology System
4.2.2 Lack of Accuracy in a Rough Environment
4.3 Opportunities
4.3.1 Increased Number of Assistive Smart Devices Based on Voice Control
4.3.2 Possible Development of the Speech Technology System for Micro-Linguistics and Local Languages
4.4 Challenges
4.4.1 Standardized Platform for Developing Custom Speech Recognition Systems

5 Market Analysis
5.1 Regulatory Case
5.2 Analysis of Porter’s Five Forces
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
5.5 PESTLE analysis

6 Global Speech Technology Market, By Applications
6.1 Introduction
6.2 Interactive Voice Response (IVR)
6.3 Real-time Speech to Text Conversion
6.4 Speech Analytics
6.5 Speech Recognition
6.6 Speech Synthesis
6.7 Speech Verification

7 Global Speech Technology Market, By Delivery Modes
7.1 Introduction
7.2 Based Artificial Intelligence
7.3 Not Based on Artificial Intelligence

8 Global Speech Technology Market, By Deployment
8.1 Introduction
8.2 On the Cloud
8.3 On the Premises

9 Global Speech Technology Market, By Vertical
9.1 Introduction
9.2 Aerospace & Defense Security
9.3 Automotive
9.4 Government & Public Sector
9.5 Healthcare & Life Science
9.6 IT & Telecommunications
9.7 Personal Assistance
9.8 Retail

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10 America’s Speech Technology Market
10.1 Introduction
10.2 Argentina
10.3 Brazil
10.4 Canada
10.5 Chile
10.6 Colombia
10.7 Mexico
10.8 Peru
10.9 United States of America
10.10 The rest of America

11 European Speech Technology Market
11.1 Introduction
11.2 Austria
11.3 Belgium
11.4 Denmark
11.5 Finland
11.6 France
11.7 Germany
11.8 Italy
11.9 The Netherlands
11.10 Norway
11.11 Poland
11.12 Russia
11.13 Spain
11.14 Sweden
11.15 Switzerland
11.16 United Kingdom
11.17 The rest of Europe

12 Middle East and Africa Speech Technology Market
12.1 Introduction
12.2 Egypt
12.3 Israel
12.4 Qatar
12.5 Saudi Arabia
12.6 South Africa
12.7 United Arab Emirates
12.8 The rest of the MEA

13 APAC Speech Technology Market
13.1 Introduction
13.2 Australia
13.3 Bangladesh
13.4 China
13.5 India
13.6 Indonesia
13.7 Japan
13.8 Malaysia
13.9 The Philippines
13.10 Singapore
13.11 South Korea
13.12 Sri Lanka
13.13 Thailand
13.14 Taiwan
13.15 Rest of Asia-Pacific

14 Competitive Landscape
14.1 IGR Competitive Quarters
14.2 Market Share Analysis
14.3 Strategic Initiatives
14.3.1 M&A and Investments
14.3.2 Partnerships and Collaboration
14.3.3 Product Developments and Improvements

15 Company Profile
15.1 Acapella Group
15.2 Amazon Web Services, Inc.
15.3 Terms
15.4 Apple Inc.
15.5 Baidu, Inc.
15.6 Google LLC
15.7 iFlytek
15.8 IBM Corp.
15.9 LumenVox
15.10 Meta Platforms, Inc.
15.11 Microsoft Corp.
15.12 Nuance Communications, Inc.
15.13 Qualcomm Technologies, Inc.
15.14 Quantiphi, Inc.
15.15 Raytheon BBN Technologies
15.16 Sensory Inc.
15.17 Siemens AG
15.18 Speak2Web
15.19 Speechmatics (Cantab Research Ltd.)
15.20 Uniphore Software
15.21 Validsoft
15.22 Voicevault Inc.

16 Appendix

For more information about this report visit

  • Global Speech Technology Market



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