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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®
Direct Lines: +1-646-781-8004 (North America)
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Email- sales@meticulousresearch.com
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Artificial Intelligence

Release Is Transforming The World’s Agriculture & Fisheries Logistics Through Its Blockchain-Powered Social Commerce Platform

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New Taipei City, Taiwan, July 12, 2020 (GLOBE NEWSWIRE) — While the concept of social commerce is gaining traction, there are several inherent challenges that are hindering its growth. Among these, a few of the most prominent ones include – logistics & supply chain inefficiency, the lack of effective communication between buyers and sellers, etc. To address these issues and more, Release Co. Ltd. has harnessed the power of blockchain technology and tokenization. 

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The Global Autonomous Vessels Market is expected to grow from USD 13,769.50 Million in 2019 to USD 21,784.01 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 7.94%

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New York, July 10, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Autonomous Vessels Market Research Report by Fit, by Type, by Automataion, by Solution, by Users – Global Forecast to 2025 – Cumulative Impact of COVID-19” – https://www.reportlinker.com/p05913503/?utm_source=GNW
On the basis of Fit, the Autonomous Vessels Market is studied across Line Fit and Retrofit.
Clare: clare@reportlinker.com
US: (339)-368-6001
Intl: +1 339-368-6001

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CORRECTION – OMNIQ’s Artificial Intelligence-Based Quest Shield™ Solution Selected by the Talmudical Academy of Baltimore

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SALT LAKE CITY, July 10, 2020 (GLOBE NEWSWIRE) — In a release issued under the same headline on June 1, 2020 by OMNIQ, Inc. (OTCQB:OMQS), please be advised that the second paragraph as originally issued contained certain inaccuracies, not related to financial results or projections, which have been corrected below.Quest Shield™ security package provides a  proactive ground-breaking cloud-based solution for crime prevention on campuses and in schools using  automatic Machine Vision detection and identification of vehicles by license plate, make and color via an AI-based  identification algorithm
Real-time alert and notification to law enforcement authorities to actively prevent potential tragediesTechnology developed in Israel, previously deployed with success in sensitive security zones in the U.S., Middle East and elsewhereAddressing Covid-19 concerns, students will be equipped with a contactless, readable ID tag verifying pre-screened temperature test clearanceTalmudical Academy in Baltimore has over 1,000 students and is part of the Chofetz Haim educational chain with more than 35 locations in the U.S., Canada and IsraelOMNIQ, Inc. (OTCQB:OMQS) (“OMNIQ” or “the Company”), announces that it has been selected to deploy its Quest Shield™ campus safety solution at the Talmudical Academy of Baltimore in Maryland.The Quest Shield™ security package uses the Company’s AI-based SeeCube technology platform, a ground-breaking cloud-based/on-premise security solution for Safe Campus/School applications. The platform provides unique AI-based computer vision technology and software to gather real-time vehicle data, enabling the Quest Shield™ to identify and record images of approaching vehicles including color, make and license plate information. The license plate is then compared against the school’s internal watch list to provide immediate notifications of unauthorized vehicles to security and administrative personnel. In addition to providing a vehicle identification and recognition solution to the Talmudical Academy, the Quest Shield™ comprehensive security platform addresses other security concerns including controlling access to the buildings and visitor management as well as the ability to pre-register guests for school activities. Additionally, as part of COVID-19 mitigation, parents in Maryland will be asked to take and record their child’s temperature each day before they leave for school. Quest Shield™ will automate this process, by providing parents an online form where they may record the temperature. All Talmud Academy students will be equipped with an ID tag that will have a QR code that can be read with a barcode scanner. As students enter campus, faculty equipped with Quest handheld scanners will read the barcode to confirm that the student’s temperature has been taken that day; if the form has not been filled in, faculty will check temperatures before allowing students inside.    Shai Lustgarten, CEO of OMNIQ, commented: “It is our privilege to work with the Talmudical Academy to provide our solution to enhance safety at their Baltimore campus. Quest Shield™ is an extension of the homeland security solution we designed for the Israeli authorities to fight terrorism and save lives.”Rabbi Yaacov Cohen, Executive Director, Talmudical Academy of Baltimore, commented: “Concern about campus safety and the safety of our students and faculty drove the Talmudical Academy to seek ways to implement new strategies aimed at preventing crimes and violence that may be committed on the school grounds. The unfortunate reality today is that situations we could never imagine just a few years ago are happening now with increasing regularity. Most security systems that are currently being deployed on other campuses are good at recording events subsequent to crimes being committed. With Quest Shield™, we have an opportunity to alert personnel and Law Enforcement ahead of any sign of violence.”Mr. Lustgarten added: “The Quest Shield™ has been tailored to provide a proactive solution to improve security and safety in schools and on campuses as well as community centers and places of worship in the U.S. that have unfortunately become a target for ruthless attacks. We’re pleased to work with a forward-thinking organization like the Talmudical Academy, it is gratifying that the Academy selected the Quest Shield™ platform to strengthen its security precautions.”“Additionally, many schools and communities are expressing concern around children returning to school in the fall due to COVID-19. With that in mind, Talmudical Academy will also employ the Quest Shield™ to provide an automated screening process to confirm that students have had their temperatures checked, per Maryland regulation, upon their arrival on campus and prior to them entering the school facilities.”Mr. Lustgarten concluded, “We are proud to be able to improve student safety in the U.S., as well as in other vulnerable communities. Quest Shield™ has previously been implemented by a pre-K through Grade 12 school in Florida and at a Jewish Community Center in Salt Lake City. We look forward to working closely with the Academy and other institutions to promote the health and safety of students, faculty and support personnel.”About OMNIQ, Corp.
OMNIQ Corp. (OMQS) provides computerized and machine vision image processing solutions that use patented and proprietary AI technology to deliver data collection, real time surveillance and monitoring for supply chain management, homeland security, public safety, traffic & parking management and access control applications. The technology and services provided by the Company help clients move people, assets and data safely and securely through airports, warehouses, schools, national borders, and many other applications and environments.
OMNIQ’s customers include government agencies and leading Fortune 500 companies from several sectors, including manufacturing, retail, distribution, food and beverage, transportation and logistics, healthcare, and oil, gas, and chemicals.  Since 2014, annual revenues have grown to more than $50 million from clients in the USA and abroad.
The Company currently addresses several billion-dollar markets, including the Global Safe City market, forecast to grow to $29 billion by 2022, and the Ticketless Safe Parking market, forecast to grow to $5.2 billion by 2023. Information about Forward-Looking Statements
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995. Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
This release contains “forward-looking statements” that include information relating to future events and future financial and operating performance. The words “anticipate”, “may,” “would,” “will,” “expect,” “estimate,” “can,” “believe,” “potential” and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management’s good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: fluctuations in demand for the Company’s products particularly during the current health crisis, the introduction of new products, the Company’s ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company’s liquidity and financial strength to support its growth, the Company’s ability to manage credit and debt structures from vendors, debt holders and secured lenders, the Company’s ability to successfully integrate its acquisitions, and other information that may be detailed from time-to-time in OMNIQ Corp.’s filings with the United States Securities and Exchange Commission. Examples of such forward looking statements in this release include, among others, statements regarding revenue growth, driving sales, operational and financial initiatives, cost reduction and profitability, and simplification of operations. For a more detailed description of the risk factors and uncertainties affecting OMNIQ Corp., please refer to the Company’s recent Securities and Exchange Commission filings, which are available at http://www.sec.gov. OMNIQ Corp. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless otherwise required by law.Investor Contact:
John Nesbett/Jen Belodeau
IMS Investor Relations
203.972.9200
jnesbett@institutionalms.com 

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