According to the report, one of the major drivers in this market is the increasing demand for speech-based biometrics for identification purposes. The Biometrics segment is witnessing high demand for speech recognition applications because of the growing instances of fraud. Hence, the vendors in this segment are developing cost-effective and easy-to-deploy ASR applications that help in fraud management.
Further, the report states that one of the major challenges in this market is the lack of accuracy in speech recognition systems. Speech recognition applications are highly sensitive to ambient noises, which reduces accuracy levels. Although the Speech Recognition industry has witnessed several technological advancements, the issue of high sensitivity to sound remains a barrier to the adoption of ASR applications.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key Topics Covered:
1. Executive Summary
3. Scope of the Report
4. Market Research Methodology
5. Introduction
6. Market Landscape
7. Market Segmentation by Technology
8. Market Segmentation by End-users
9. Geographical Segmentation
10. Key Leading Countries
11. Buying Criteria
12. Market Growth Drivers
13. Drivers and their Impact
14. Market Challenges
15. Impact of Drivers and Challenges
16. Market Trends
17. Trends and their Impact
18. Vendor Landscape
19. Key Vendor Analysis
20. Other Reports in this Series
Companies Mentioned:
For more information visit http://www.researchandmarkets.com/research/cqlzs7/global_automatic
Media Contact:Laura Wood , +353-1-481-1716, press@researchandmarkets.net
SOURCE Research and Markets
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