TechNavio has published a new market research report entitled the “Global Voice Recognition Market 2012-2016,” which will be available on Reportlinker.com.

The report covers aspects of the Global Voice Recognition market. Analysts from TechNavio have forecasted that the global voice recognition market will grow at a CAGR of 22.07 percent through 2016.

Analysts explain that a major reason for the fast growth in the market is the growing demand for voice biometrics. The Global Voice Recognition market growth also depends on the increased demand for speech recognition in mobile devices.

The only factor that can actually affect the growth in the market negatively is the inability to suppress ambient noise, said analysts.

This new TechNavio report has taken the findings of in-depth market analysis encompassing valuable inputs from industry experts. Region wise the report studies the market growth in the Americas, the EMEA region and APAC regions.

The report studies the market’s present condition besides forecasting its growth prospects in the future, keeping present trends in mind. Major vendors serving the market are also highlighted in the report.

Discussions about the vendors who are playing an important role in this market at the present time such as Nuance (News - Alert) Communications, MModal, and ValidSoft are featured in the report. Besides other vendors like Agnitio, Advanced Voice recognition systems, LumenVox are also mentioned in the report.

TechNavio analysts have tried to include factors like the predicted market size in 2016, the growth rate; key market trends; factors driving this market; challenges to market growth; key vendors in this market space; market opportunities and threats faced by the key vendors and the strengths and weaknesses of the key vendors.

Recently TechNavio published the “Global Enterprise 2.0 Market 2012-2016” report. The Global Enterprise 2.0 market will grow at a CAGR of 31 percent over the period 2012-2016. One of the key factors contributing to this market growth is the provision of structural access to enterprise data.

Previously TechNavio has published several research reports in enterprise computing the ERP market, CRM market, enterprise software market, supply chain management market, Web analytics market among many others.