Tuesday 19 December 2017

Automatic Speech Recognition Market Is Projected To Expand Due To Growing Adoption of Consumer Electronic Devices

The automatic speech recognition market is projected to expand due to growing adoption of consumer electronic devices, finds a report on Radiant Insights, Inc. Automatic speech recognition (ASR) is a technology that allows humans to converse with machines. Also known as voice-to-text, it converts spoken words to text. This technology can assist people with disability or people unable to use their hands. Types of automatic speech recognition systems are bifurcated into speaker-dependent and speaker-independent. Major applications include interactive voice response, robotics, video games, home appliances, and others.
Deep learning has been researched and implemented in ASR systems to eliminate ambient background noise. Its application in intelligent transport systems can have a profound impact in advanced traveler information systems. Consumers can use it to gain real-time information on trains and public transit insights. Developments in automatic speech recognition systems have resulted in reduced Word Error Rate (WER).
Recently, Microsoft’s ASR, Cortana, reached a new milestone by attaining a 5.9% WER. This development can have a huge impact globally and can improve user experience for Windows and Xbox One users. The Whisper Voice Interface IC, an ASR by Kopin Corporation, uses their proprietary noise filter to program the device to distinguish between human and background noises.
The global automatic speech recognition market is expected to exhibit a remarkable growth rate over the forecast period (2017 to 2022). Increasing dependence on voice assistants such as Siri to assist in human chores is expected to drive market demand. In addition, the use of speech recognition software to bring closer the evolution of human-to-machine interaction can open up new avenues for growth. Areas with a scope for growth due to enhancements in ASR systems include wearables, education, retail, smart cars, and smart homes. Key market players include Nuance Communications; Raytheon BBN Technologies; LumenVox; and Microsoft Tellme Services.
Radiant Insights, Inc. offers insights and customized solutions ranging from energy to technology & media.
About Radiant Insights, Inc:
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
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Corporate Sales Specialist, USA
Radiant Insights, Inc
Phone: 1-415-349-0054
Toll Free: 1-888-202-9519
Email: sales@radiantinsights.com
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