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Speech and Voice Recognition Market Worth $26.8 billion by 2025, Growing at a CAGR of 17.2% from 2019- Global Market Opportunity Analysis and Industry Forecasts by Meticulous Research®

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London, June 18, 2020 (GLOBE NEWSWIRE) — Technological advancements in AI are increasingly disrupting various functions across industries, including automotive, healthcare, consumer electronics, and so on. Emergence of smart technologies for various applications in these industries are increasingly creating opportunities for integration of voice or speech recognition tools as a part of smart solutions, to further improve user experience.Widespread adoption of smart gadgets and smart devices among consumers is increasingly driving the adoption of various speech and voice enabled tools. Thus, the growing demand for voice-enabled applications in the devices including smart speakers, consumer electronics, and smart wearable gadgets; connected cars; smart home devices, and in the healthcare industry is expected to contribute to the growth of the speech and voice recognition market over the coming years.Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5038Speech recognition technologies are increasingly being recognized as cost-effective and convenient mechanisms to control different types of connected devices that are vital part of smart homes, connected cars, and other smart technologies. Growing consumer interest towards adoption of advanced voice-enabled devices is driving the interest of several established players and start-ups towards developing consumer-centric solutions for this market.The speech and voice recognition market is expected to grow at a CAGR of 17.2% from 2019 to 2025 to reach $26.8 billion by 2025. The market growth is primarily driven by factors, such as rising acceptance of advanced technology together with increasing consumer demand for smart devices, a growing sense of personal data safety and security, and increasing usage of voice-enabled payments and shopping by retailers. Furthermore, consistent proliferation of advanced technologies, such as artificial intelligence, and machine learning, speedy expansion of smart devices market, and increasing willingness to employ voice assistants at websites or physical shops are also encouraging consumers to adopt voice-enabled devices. However, although the adoption of voice-enabled devices is one a rise, there is still a certain level of reluctance towards adopting new technologies, mainly due to high cost of smart devices, low awareness for different functionalities of speech and voice enabled devices, and lack of accuracy of voice-enabled devices in recognizing regional accents and dialects, which may restrain the growth of the speech and voice recognition market to some extent.Emerging economies such as Asia-Pacific and Latin America are likely to offer high growth opportunities for players operating in the voice-enabled devices market. Further, rising demand for voice biometric devices to ensure high-level security with the explosion of speech technologies primarily in the healthcare, autonomous and connected cars, and consumer electronics applications are offering new growth avenues for the Speech and voice recognition market. Technological collaborations between service providers and smart devices manufacturers for better interconnectivity are also expected to drive the market growth during the forecast period.The global speech and voice recognition market is segmented by function type (speech recognition, and voice recognition), end-user (automotive, healthcare, BFSI, education, hospitality, government and public services, manufacturing/enterprise, retail and e-commerce, legal, consumer electronics, and military and defense), technology type (artificial intelligence, and non-artificial intelligence), and geography.Quick Buy – Speech and Voice Recognition Market Research Report: https://www.meticulousresearch.com/buy_now.php?pformat=339&vformat=1003Based on the function type, speech recognition technology commanded the largest share of the overall speech and voice recognition market in 2019; whereas, on the basis of end-user, healthcare industry commanded the largest share of the overall speech and voice recognition market in 2019.On the basis of technology type, artificial intelligence powered solutions commanded the largest share of the overall speech and voice recognition market in 2019. Technological advancements in the field of artificial intelligence are fabricating hyper-personalized customer experiences; thus, dominating the growth of voice-activated devices. The extensive acceptance of AI-based technology, particularly in education, BFSI, hospitality, automotive, e-commerce, healthcare, tourism, and enterprises industries worldwide are also contributing to the overall growth of the AI-enabled speech and voice recognition technology market.Geographically, the global speech and voice recognition market is segmented into North America (the U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, and RoE), Asia-Pacific (Japan, China, India, and RoAPAC), Latin America, and Middle East & Africa. North America region dominated the global speech and voice recognition market in 2019, followed by Asia-Pacific and Europe. Asia-Pacific region is expected to witness the fastest CAGR during the forecast period. Growing demand for connected cars, smart technologies, high-level secured authentication devices; increasing adoption of teaching aid and evaluation system, especially in China; and increasing usage of smart devices such as smartphones, smart speaker by young consumer groups in the region are driving the growth of the speech and voice recognition market in the APAC region.The global speech and voice recognition market is fragmented in nature and is characterized by the presence of several low, mid, and high-level companies competing for the market share. Some of the leading companies operating in the global speech and voice recognition market are from the core technology background. These include Nuance Communications, Inc. (U.S.), Google LLC (U.S.), Apple Inc. (U.S.)., Amazon (U.S.), iFlytek (China), LumenVox LLC (U.S.), Sensory (U.S.), and Sestek (Turkey). These companies are leading the market owing to their strong brand recognition, diverse product basket, strong distribution and sales network, and strong organic and inorganic growth strategies. The other key players operating in the global Speech and voice recognition market are Microsoft (U.S.), IBM (U.S.), Baidu (China), Dolbey (OH), Raytheon (U.S.), Harman International (U.S.), Speechmatics (U.K.), EML European Media Laboratory GmbH (Germany), Toshiba (Japan), NTT Docomo Inc. (Japan), Yahoo Japan Corp. (Japan), AI Inc. (Japan), Alibaba Group (China), and Voiceware (Korea), among many other local and regional players.To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/voice-and-speech-recognition-market-5038/Scope of the Report:Market by FunctionSpeech RecognitionAutomatic Speech RecognitionText to SpeechVoice RecognitionSpeaker IdentificationSpeaker VerificationMarket by End-UserAutomotiveHealthcareBFSIEducationGovernment and Public ServicesManufacturing/EnterprisesRetail and E-CommerceLegalConsumer ElectronicsMilitary and DefenseOthersMarket by TechnologyArtificial IntelligenceNon-Artificial IntelligenceMarket by Geography:North AmericaU.S.CanadaEuropeGermanyFranceU.K.ItalySpainRest of the EuropeAsia PacificIndiaChinaJapanRest of Asia PacificLatin AmericaMiddle East and AfricaDownload Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5038Amidst this crisis, Meticulous Research® is continuously assessing the impact of COVID-19 pandemic on various sub-markets and enables global organizations to strategize for the post-COVID-19 world and sustain their growth. Let us know if you would like to assess the impact of COVID-19 on any industry here- https://www.meticulousresearch.com/custom-research.phpRelated Reports:Wearable Devices Market by Product Type (Smartwatch, Earwear, Eyewear, and others), End-Use Industry (Consumer Electronics, Healthcare, Enterprise and Industrial, Media and Entertainment), Connectivity Medium, and Region – Global Forecast to 2025Smart Home Market by Product (Smart Speakers, Smart Lighting, and Smart Home Security), Standards and Protocols (Bluetooth, Wi-Fi, and ZigBee), and Geography – Global Forecast to 2025Gamification Market by Solutions (Engagement and Performance Services, Strategic Services, Consulting and Professional Services), by End-user (Banking, Retail, Government, Education, IT and Telecom, Healthcare, Others), by Application (Marketing, Sales, Product Development, Human Resource, Others), by Organization Size(Small and Medium Enterprises, Large Enterprises), and by Region – Global Forecast to 2025Machine Learning as a Service Market by Component (Software, Services), Organization Size (Large Enterprises, SME), Deployment Type (Public Cloud, VPC), Application (Marketing and Advertising, Fraud Detection, Digital Security), and End-User – Global Forecast to 2025Artificial Intelligence in Security Market by Offering (Hardware, Software, Service), Security Type (Network Security, Application Security), Technology (Machine Learning, NLP, Context Awareness,), Solution, End-User, and Region – Global Forecast to 2027Access Control and Authentication Market by Technology (Biometrics, Smart Card, Electronic Locks), Component, Application (Residential/Commercial, IT Telecom, BFSI, Retail, Defense, Healthcare, Manufacturing, Hospitality) – Global Forecast to 2027Digital Transformation Market by Technology (IoT, Cloud, Big Data, AI), Process Transformation (Customer, Operation, Product, Workforce), End-use Industry (Retail, Healthcare, Manufacturing, Insurance), Industry Size – Global Forecast to 2025About Meticulous Research®The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze and present the critical market data with great attention to details.Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, with the help of its unique research methodologies, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions.With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
Mr. Khushal Bombe
Meticulous Research®
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Artificial Intelligence

Automotive Digital Cockpit Domain Controller Power Expected to Double by 2030

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NEW YORK, March 28, 2024 /PRNewswire/ — The lengthening lifecycle of vehicles is driving automotive Original Equipment Manufacturers (OEMs) to plan several years of customer support through regular Over-the-Air (OTA) updates. Achieving this requires a digital Cockpit Domain Controller (CDC) with an architecture that supports long-term updating and maintenance. According to a new report from global technology intelligence firm ABI Research, the computing power of the CDC will increase significantly over the next few years, with graphical computing power and deep-learning processing power (for AI-powered functions) expected to double by 2030 for an average mid-market CDC.

OEMs are beginning to plan for several years of support, both in software patches and bug fixes, and for delivering new added value features to the driving experience. “This support and feature roadmap requires a hardware and software architecture that supports the continuous updating of vehicles over time. OEMs need a system that accommodates quick, targeted updates by shipping vehicles with planned overhead in computing power, software containerization, and robust hypervisors. These can be accommodated by silicon vendors such as NVIDIA or Qualcomm with their suite of high-powered System-on-Chips (SoCs), along with hypervisor and software specialists such as Blackberry QNX. The ecosystem hasn’t fully adjusted to OTA updates in mixed-criticality systems like the digital cockpit domain controller yet, with most OEMs speculating about the level of computing power that is needed for several years of support and few going to their silicon and tier-one partners with roadmaps of planned features,” explains Abu Miah, Smart Mobility and Automotive Analyst at ABI Research.
The computing power of the CDC will increase significantly over time. The Tera Floating-Point Operations per Second (TFLOPS) of an average mid-market CDC is expected to rise from 1 TFLOPS in 2023 to 2.5 TFLOPS by 2030. Miah adds, “One of the primary drivers of this increase is the implementation of a larger number of higher resolution screens in the vehicle to accommodate new high-end gaming and video-on-demand features.”
Building a ‘future-proofed’ CDC is not as simple as throwing compute power at the vehicle. “OEMs, tier ones, and silicon vendors must all work toward an ecosystem of hardware and software agnosticism, modular architecture, and collaborative software development if they are to match customers’ expectations of updates, patches, and bug fixes from the consumer electronics space,” Miah concludes.
These findings are from ABI Research’s Future-Proofing Digital Cockpit Domain Controllers application analysis report. This report is part of the company’s Smart Mobility and Automotive research service, which includes research, data, and ABI Insights. Based on extensive primary interviews, Application Analysis reports present an in-depth analysis of key market trends and factors for a specific technology.
About ABI Research
ABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers.
ABI Research是一家全球性的技术情报公司,拥有得天独厚的优势,充当终端市场公司和技术解决方案提供商之间的桥梁,通过提供独家研究和专业性指导,推动成功的技术实施和提供经证明可吸引和留住客户的战略,无缝连接这两大主体。
For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com.
Contact Info: 
GlobalDeborah Petrara Tel: +1.516.624.2558 [email protected] 
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ACL Digital in Collaboration with AWS and Infineon to Participate at Embedded World 2024

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SAN JOSE, Calif., March 28, 2024  /PRNewswire/ — ACL Digital, an ALTEN group company, is a pioneer in design-led digital experience, innovation, enterprise IT modernization, and product engineering services, announced that ACL Digital, in collaboration with AWS and Infineon, is going to showcase its AWS IoT & Cloud capabilities at Embedded World 2024, Hall 4 (Booth #4-552) from April 9 to April 11 in Nuremberg, Germany.

ACL Digital, a top-tier AWS Services partner, propels organizations of all sizes to navigate digital transformation to accelerate time-to-market. The company provides comprehensive support, from adopting to modernizing IT infrastructure on AWS. By leveraging expertise in architecture, security, migration, and operations, ACL Digital unlocks the full potential of AWS, streamlining IoT and cloud journeys and fast-tracking business growth and innovation.
The AWS Advanced Tier partnership enables ACL Digital to leverage AWS expertise, its robust support ecosystem and best practices to deliver customer delight.
ACL Digital offers visitors at Embedded World 2024 a chance to experience the exclusive demo of a Smart Stove Solution, built by leveraging the AWS Cloud and Infineon platform and how it has added value to our customers.
With over 100 AWS-certified experts, ACL Digital empowers clients to achieve breakthrough results in their digital transformation. Also, the leading digital transformation company supports global clients in navigating the complexities of cloud implementation, migration and digital transformation with ease and helping them unlock new growth opportunities.
About AWS
Since 2006, Amazon Web Services has been the world’s most comprehensive and broadly adopted cloud. AWS has been continually expanding its services to support virtually any workload, and it now has more than 240 fully featured services for compute, storage, databases, networking, analytics, machine learning and artificial intelligence (AI), Internet of Things (IoT), mobile, security, hybrid, media, and application development, deployment, and management from 105 Availability Zones within 33 geographic regions, with announced plans for 12 more Availability Zones and four more AWS Regions in Malaysia, New Zealand, Thailand, and the AWS European Sovereign Cloud. Millions of customers—including the fastest-growing startups, largest enterprises, and leading government agencies—trust AWS to power their infrastructure, become more agile, and lower costs. To learn more about AWS, visit https://aws.amazon.com .
About Infineon
Infineon Technologies AG is a global semiconductor leader in power systems and IoT. Infineon drives decarbonization and digitalization with its products and solutions. The company has around 58,600 employees worldwide and generated revenue of about €16.3 billion in the 2023 fiscal year (ending 30 September). Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the OTCQX International over-the-counter market (ticker symbol: IFNNY). To learn more about Infineon, visit https://www.infineon.com/
About ACL Digital
ACL Digital an ALTEN Group Company, is a digital product innovation and engineering leader. We help our clients design and build innovative products (AI, Cloud, and Mobile ready), content and commerce-driven platforms, and connected, converged digital experiences for the modern world through a design-led Digital Transformation framework.
Headquartered in Silicon Valley, ACL Digital is a leader in design-led digital experience, innovation, enterprise modernization, and product engineering services converging to Technology, Media & Telecom. The company has a workforce of 57,000+ spread across more than 30+ countries.

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Gilbarco Veeder-Root champions fuel efficiency, clean fuels and diesel rebate solutions in mining

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JOHANNESBURG, March 28, 2024 /PRNewswire/ — Global leader in technology solutions OEM Gilbarco Veeder-Root (GVR) is dedicated to enhancing operational performance by delivering comprehensive end-to-end wetstock, industrial, mining, and business-to-business solutions, all tailored to meet the specific needs of the customer.

 
 
By encompassing every aspect of mining operations, GVR commercial and industrial Middle East and Africa director Westtar Kapito says, “the company is setting new benchmarks for fuel efficiency, safety and sustainability within the mining industry”.
As part of a holistic approach to mining excellence, Kapito explains that Gilbarco’s integrated fuel and fleet management technology solutions are designed to address the multifaceted challenges of the mining industry.
Some of these facets include wetstock control, equipment maintenance and management, fleet management and automation, compliance monitoring and environmental sustainability, as well as driving productivity and profitability through innovation.
In addition, the introduction of Gilbarco’s clean fuel solution exemplifies the company’s commitment to maintaining equipment integrity and performance.
This technology, GVR says, monitors in real-time the status of up to 16 “clean fuels” key performance matrices, thereby ensuring that dirty fuel is flagged and not transferred into mining equipment which would affect engines and injectors and thus lower productivity.
Gilbarco’s comprehensive site automation solutions empower mining companies with critical data analytic insights, facilitating efficient monitoring and management of fleet and fuel inventory. Gilbarco’s dataFLEX360 platform plays a pivotal role, offering near real-time reporting and analytics to drive informed decision-making and operational agility.
dataFLEX360 is a Web-based, cloud-hosted strategic operational insights platform. The system ensures accurate, reliable and relevant reporting of all fuel, fleet and asset transactions, and provides for proactive corrective measures to reduce complex reporting and gives a consolidated and comprehensive view across all sites and assets.
With reconciliations at its core, dataFLEX360 provides solution accuracy on operational data.
Integral to the company’s solutions is compliance with Global Industry Standards and environmental stewardship, from leak detection to vapour recovery and clean fuel technologies. Gilbarco’s products are designed to ensure compliance and minimise the carbon footprint of mining operations.
Additionally, through the company’s innovative telematics technology and the data generated, it can systematically and seamlessly generate South African Revenue Services- (SARS-) compliant fuel rebate reports for any selected tax period.  
GVR’s technology provides a full audit trail required for eligibility for SARS rebates, and its reporting platform simplifies logbook and data gathering required, enabling successful rebate claims and return on investment.
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