Technavio identifies SpeechPro as a prominent global biometric vendor

Technavio released its ‘Global Voice Recognition Biometrics Market 2017-2021’ report, which analyzes the most important trends expected to impact the market outlook from 2017 to 2021. STC Group (represented in report by SpeechPro) is included into the world market prominent vendors list.

This market research analyzes the key players in the global voice recognition biometrics market, presents a competitive analysis of the market by end-user and by geography. Furthermore report includes the most important trends expected to impact the market outlook from 2017 to 2021 and forecast on field development.

According to Technavio, the global voice recognition biometrics market will keep growing steadily during the forecasted period and show a CAGR of more than 19% by 2021. Researchers identify healthcare sector as one of the major factors that will have a positive impact on the growth of this market in the upcoming years. As for automotive industry, which is becoming more and more innovative, analysts expect manufacturers to widely adopt voice recognition technology as a factor to differentiate their products.

Earlier Technavio mentioned SpeechPro as one of the world’s prominent vendors in Global Mobile Biometrics Market 2016-2020 research.