The global voice to text on mobile devices market is expected to grow at a significant during the forecast period 2024-2031. The voice to text on mobile devices is an innovative feature built-in mobile devices to convert vocal or spoken words into written text. This feature mainly works on the principle known as automatic speech recognition (ASR), speech to text (STT) and computer speech recognition (CSR). The voice to text on mobile devices is highly applicable among the growing instance of fraud in various end-user verticals including healthcare, enterprises, e-commerce retailers and adoption of mobile banking by banks.
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The rising telecommunication devices, enterprise call centres and in-car systems are dominant sectors that support the growth of the global voice to text on mobile devices market. The increasing demand for real-time voice input systems and emerging technologies in computational linguistics are the additional factor that enables accuracy in automatic speech recognition. This market dynamic results in increasing demand for voice to text on mobile devices systems and is projected to explore the market growth with a significant rise in market size and shares of the global voice to text on mobile devices market.
In consumer products including smartphones, laptops and tablets, the implementation rate of the voice to text on mobile devices features are increasing at a lucrative rate. The rising penetration of these features in consumer products subjected to propel the growth of the global voice to text on mobile devices market. Furthermore, the market players available in the global voice to text on mobile devices market primarily focus on various strategies to explore the market during the forecast period. Strategies include technological advancement, increased annual production, rising investments by manufacturers and government initiatives to expand the global voice to text on mobile devices market during the forecast period.
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Market Coverage
- Segment Covered-
o By Type
o By Application
Competitive Landscape- Nuance Communications, Microsoft, Agnitio SL, Biotrust, VoiceVault.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Voice To Text On Mobile Devices Market by Segment
By Type
- Artificial Intelligence
- Non- Artificial Intelligence
By Application
- Automotive
- Enterprise
- Consumer
- Healthcare
- Others
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