What you Need to Know About Audio (or Speech) Annotation - EnFuse Solutions

Be it for on-road GPS navigation or voice-assisted speakers, speech-activated devices are gaining more prominence in today's digital world. Globally, the market for speech and voice recognition is estimated to be valued at $1.38 billion (in 2021) and is projected to grow to $3.89 billion by 2026. So, how do machines recognize spoken language or sounds? A subset of data labeling or annotation, audio annotation can be performed on different types of voices and is an integral part of natural language processing (NLP). With more companies deploying NLP, the global NLP market was over $12 billion in 2020, and is projected to grow at an annual rate of 25% to $43 billion by 2025.