{"id":9111,"date":"2022-06-14T09:02:56","date_gmt":"2022-06-14T09:02:56","guid":{"rendered":"https:\/\/zaratechs.com\/?p=9111"},"modified":"2022-06-14T09:02:56","modified_gmt":"2022-06-14T09:02:56","slug":"voice-and-speech-recognition-market-growth-industry-trends-analysis-outlook-size-and-forecast-2022-2027","status":"publish","type":"post","link":"https:\/\/zaratechs.com\/voice-and-speech-recognition-market-growth-industry-trends-analysis-outlook-size-and-forecast-2022-2027\/","title":{"rendered":"Voice and Speech Recognition Market Growth, Industry Trends, Analysis, Outlook, Size and Forecast 2022-2027"},"content":{"rendered":"\n
As per the latest report by IMARC Group, titled \u201cVoice and Speech Recognition Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027<\/strong>\u201d, offers a comprehensive analysis of the industry, which comprises insights on voice and speech recognition market insight<\/a>. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global voice and speech recognition market reached a value of US$ 8.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 22.2 Billion by 2027, exhibiting at a CAGR of 18.25% during 2022-2027.<\/strong><\/p>\n\n\n\n Voice and speech recognition is an authentication technology that decodes human voice. It assists in operating electronic devices and performing commands without the utilization of other input devices. It translates commands into electrical signals, converts them into coding patterns and sends them back to the device in the digital format for final execution. This technology is currently available in smartphones and other consumer electronics, owing to the advancements in the processing capabilities and improvements in network connectivity. It is rapidly gaining traction across the globe on account of the increasing use of artificial intelligence (AI) and intelligent assistants (IAs), such as Apple\u2019s Siri, Microsoft\u2019s Cortana and Amazon\u2019s Alexa.<\/p>\n\n\n\n