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TechNavio's analysts forecast the Global Voice Recognition market to grow at a CAGR of 22.07 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand for voice biometrics. The Global Voice Recognition market has also been witnessing the increasing demand for speech recognition in mobile devices. However, the inability to suppress ambient noise could pose a challenge to the growth of this market.
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