Voice recognization software is a growing field that has received increasing demand due to abundant data flow and analytics. It is one of the technological advancements of AI. This human-like behavior of the device is no doubt astonishing to us. It is the digital transformation that has increased the appetite for voice analytics. As a result, we can see considerable growth in voice assistance and voice recognition software. According to Research and Markets report, the voice recognition market is expected to reach USD 27.155 billion in 2026, compared to USD 10.70 billion in 2020.

Voice recognition software has a wide range of use cases and benefits. Voice recognition software improves customer interaction and, as a result, enhances business efficiency. There is various emerging software that can efficiently recognize speech. Here we are listing the top 10 voice recognition software of 2021 and beyond.

Here we must mention that voice recognition is a maturing technology and performs most basic functionalities like searching and playing music, but user adoption is still low. Its use of buying things or controlling smart devices is still low.

Related post – Top 15 Hot Artificial Intelligence technologies

Uses of Voice recognization

Voice Search

This is the most common use of voice recognition. Market research showed in 2019, approx 112 million people in the US used a voice assistant at least monthly, up 10% from last year. Another study reveals that approximately 70% of consumers prefer to use voice searches over the traditional typing method to conduct a query. Siri and Google voice search has become commonly used for this purpose.

Voice to text

Voice recognition enables hands-free computing. So, many people prefer to type emails, reports, and other documents using voice recognization software. Following are some instances where you can utilize voice recognization software.

• Writing emails
• Automatic subtitling with voice recognition (YouTube)
• For instance, you can use these voice typing and voice command features in Google Docs if you are using the Google Chrome browser.
• Automatic translation

Voice commands to smart home devices

Smart home applications are the most common applications of voice commands. They are designed to take a certain action after the user gives voice commands. Smart home devices are widely used voice recognition applications, specifically when considering these:

• 30% of voice assistant users state smart home devices as their primary reason(s) for investing in an Amazon Echo or Google Home.
• the total number of smart devices supported by voice assistants tripled between 2018 and 2019

 Top 10 Voice recognization software

1. Nuance Dragon Professional – Owned by Nuance, it follows an AI-based speech recognization algorithm. It comes with different variants, including Dragon Professional Individual, Dragon Professional Anywhere, and more. Dragon Professional Individual (PC) uses deep learning to adapt a unique voice and instantly transcribe the dictation with maximum accuracy. Dragon Anywhere is a cloud-based speech-to-text software that enables you to work from anywhere. Dragon professional ensures documentation productivity, and the v15 software is priced at USD 500.00.
2. IBM Watson– IBM Watson is a well-known name in the world of AI. Its NLP-powered computer has many products, and Watson Speech-to-Text software is one of them. This speech recognition system is cloud-native and also provides APIs to ensure its integration into other applications. It can be used in chatbots, customer analytics, conference calls, and call center analytics. The software supports a plethora of languages and accepts audios for transcriptions along with response formatting in real-time. IBM offers a free trial and demo of the software on its cloud.
3. Amazon Transcribe– Amazon Transcribe leverages automatic voice recognition for speech-to-text conversions. It has the ability to differentiate speakers so that you can see who said what. It recently included Amazon Transcribe Medical to enable the digitization of clinical documents through speech recognition. While trying to replicate the quality of manual transcriptions, Amazon Transcribe allows users to stream the transcriptions in real-time. You can access Amazon Transcribe through AWS free tier feature for 12 months and then continue with the standard pricing offered.
4. Google cloud speech to text– Google’s AI technology-powered API is used in this speech-to-text software for accurate voice recognition and transcriptions. It uses deep learning neural networks, machine learning, and automatic speech recognition. Google cloud speech-to-text is cloud-based and works towards enhancing customer experience through voice commands and analytics. It supports more than 125 languages and allows both cloud and on-premise deployment for better flexibility. Users can choose from various domain-specific models for specific requirements. After the first free 60 minutes, the software processes payments per 15 seconds of the audio.
5. Microsoft Azure speech services-Microsoft Azure speech services offer both speech-to-text and text-to-speech softwares. It can be deployed in the cloud and edge and build speech applications wherever the data is stored. It is a developer-oriented platform for unified speech services and is user-friendly. After the free plans, Microsft Azure charges according to their standard pricing plan.
6. BigHand Dictate– Big hand digital voice recognition software provides smarter speech recognition and dictation services by enabling efficient tracking and sharing of files. The transcriptions can be embedded into the workflow to ease the complexity and streamline internal operations. With multi-language automatic transcriptions, BigHand offers on-the-go dictation facilities from various devices like smartphones. The software is ideal for businesses, designed especially for law firms to enhance productivity and minimize workloads.
7. Assembly AI– Assembly AI offers speech-to-text transcription with automatic punctuations and promises state-of-the-art accuracy. The software vouches for having advanced security and data privacy protocols along with customizable models. Assembly AI accepts all audio and video formats and provides accurate sentiment analysis. The platform provides a pay-as-you-go pricing strategy with unlimited transcription and offers on-premise licenses.
8. Crescendo speech processing– Crescendo speech can create auto texts with VR, wherein users can give the word, and the software builds a commonly used sentence or expansion from it. It offers both front-end and back-end speech recognition and adapts to the unique voices of the speaker.
9. Cortana– Although it still faces many limitations, Microsoft’s voice assistant Cortana has managed to keep its space. Voice assistance is in abundance today, and Cortana is one among them. It works on all Windows platforms and can perform different functions by leveraging voice recognition technology. It is free software and has been revamped into a productivity tool to manage business functions.
10. Express Scribe– Express Scribe Transcription Software is developed by NCH Software that can transcribe audios in various formats, including WAV, DCT, and MP3. This audio player is designed for PC or Mac with variable speed playback. The software automatically receives files, stores them, and sends the transcribed files. It works with other speech recognition softwares and is ideal for transcribing audio recordings for business needs.

Refer – https://www.analyticsinsight.net/