With the rising use of artificial intelligence (AI) and virtual assistants, such as Apple Siri, Amazon Alexa, Google Assistant, new voice and …

The voice recognition market is under continued market growth and is expected to reach USD 27.155 billion by 2026, at a CAGR of 16.8% over the forecast period 2021 - 2026, according to Mordor Intelligence. Voice and speech recognition is technology that assists in receiving and interpreting the human voice and carrying out spoken commands. This type of technology is widely increasing in access to mobile devices and other consumer electronics due to improvements from a variety of capabilities from network improvements, data storage, open API integrations and most notably from Artificial Intelligence. With the rising use of artificial intelligence (AI) and virtual assistants, such as Apple Siri, Amazon Alexa, Google Assistant, new voice and audio solutions like Clubhouse plus the increased use of online collaboration software like Microsoft Teams, Zoom or Cisco's Webex, the demand for speech recognition software is accelerating. And we cannot forget about the agile innovators like TikTok, that is a video-focused social networking service owned by Chinese company ByteDance.