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Global Speech Technology Market (2022 to 2027) – Growing Number of Voice Control-Based Smart Assistive Devices Present Opportunities

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Dublin, Nov. 03, 2022 (GLOBE NEWSWIRE) — The “Global Speech Technology Market (2022-2027) by Functions, Delivery Methods, Deployment, Verticals, and Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis” report has been added to ResearchAndMarkets.com’s offering.

The Global Speech Technology Market is estimated to be USD 17.33 Bn in 2022 and is expected to reach USD 44.47 Bn by 2027, growing at a CAGR of 20.74%.

Market Dynamics

Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding growth and reducing risks.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for publicly listed companies in the market. The report also offers detailed information on the companies’ recent development and competitive scenario. Some of the companies covered in this report are Acapela Group, Amazon Web Services, Inc., Anki, Apple Inc., Baidu, Inc., Google LLC, iFlytek, IBM Corp., Qualcomm Technologies, Inc., Quantiphi, Inc., Raytheon BBN Technologies, Sensory Inc., Siemens AG, etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the Global Speech Technology Market. Ansoff Matrix, also known as the Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses the Global Speech Technology Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Speech Technology Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains a competitive analysis using Positioning Quadrants, the analyst’s competitive positioning tool.

Key Topics Covered:

1 Report Description

2 Research Methodology

3 Executive Summary

4 Market Dynamics
4.1 Drivers
4.1.1 Increasing Demand for Speech-Based Biometric Systems for Multifactor Authentication
4.1.2 Rising Healthcare, Mobile Banking, and Smart Home Automation Applications
4.1.3 Potential Impact of AI on Accuracy of Speech and Voice Recognition
4.2 Restraints
4.2.1 Associated High Cost for Implementation of Speech Technology System
4.2.2 Lack of Accuracy in Harsh Environments
4.3 Opportunities
4.3.1 Growing Number of Voice Control-Based Smart Assistive Devices
4.3.2 Potential Development of Speech Technology System for Micro-Linguistics and Local Languages
4.4 Challenges
4.4.1 Standardized Platform for Developing Customized Speech Recognition Systems

5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter’s Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
5.5 PESTLE Analysis

6 Global Speech Technology Market, By Functions
6.1 Introduction
6.2 Interactive Voice Response (IVR)
6.3 Real-time Speech to Text Conversion
6.4 Speech Analytics
6.5 Speech Recognition
6.6 Speech Synthesis
6.7 Speech Verification

7 Global Speech Technology Market, By Delivery Methods
7.1 Introduction
7.2 Artificial Intelligence Based
7.3 Non-Artificial Intelligence Based

8 Global Speech Technology Market, By Deployment
8.1 Introduction
8.2 On-Cloud
8.3 On-Premise

9 Global Speech Technology Market, By Verticals
9.1 Introduction
9.2 Aerospace & Defence Security
9.3 Automotive
9.4 Government & Public Sector
9.5 Healthcare & Life Science
9.6 IT & Telecommunication
9.7 Personal Assistance
9.8 Retail

10 Americas’ Speech Technology Market
10.1 Introduction
10.2 Argentina
10.3 Brazil
10.4 Canada
10.5 Chile
10.6 Colombia
10.7 Mexico
10.8 Peru
10.9 United States
10.10 Rest of Americas

11 Europe’s Speech Technology Market
11.1 Introduction
11.2 Austria
11.3 Belgium
11.4 Denmark
11.5 Finland
11.6 France
11.7 Germany
11.8 Italy
11.9 Netherlands
11.10 Norway
11.11 Poland
11.12 Russia
11.13 Spain
11.14 Sweden
11.15 Switzerland
11.16 United Kingdom
11.17 Rest of Europe

12 Middle East and Africa’s Speech Technology Market
12.1 Introduction
12.2 Egypt
12.3 Israel
12.4 Qatar
12.5 Saudi Arabia
12.6 South Africa
12.7 United Arab Emirates
12.8 Rest of MEA

13 APAC’s Speech Technology Market
13.1 Introduction
13.2 Australia
13.3 Bangladesh
13.4 China
13.5 India
13.6 Indonesia
13.7 Japan
13.8 Malaysia
13.9 Philippines
13.10 Singapore
13.11 South Korea
13.12 Sri Lanka
13.13 Thailand
13.14 Taiwan
13.15 Rest of Asia-Pacific

14 Competitive Landscape
14.1 IGR Competitive Quadrant
14.2 Market Share Analysis
14.3 Strategic Initiatives
14.3.1 M&A and Investments
14.3.2 Partnerships and Collaborations
14.3.3 Product Developments and Improvements

15 Company Profiles
15.1 Acapela Group
15.2 Amazon Web Services, Inc.
15.3 Anki
15.4 Apple Inc.
15.5 Baidu, Inc.
15.6 Google LLC
15.7 iFlytek
15.8 IBM Corp.
15.9 LumenVox
15.10 Meta Platforms, Inc.
15.11 Microsoft Corp.
15.12 Nuance Communications, Inc.
15.13 Qualcomm Technologies, Inc.
15.14 Quantiphi, Inc.
15.15 Raytheon BBN Technologies
15.16 Sensory Inc.
15.17 Siemens AG
15.18 Speak2Web
15.19 Speechmatics (Cantab Research Ltd.)
15.20 Uniphore Software
15.21 Validsoft
15.22 Voicevault Inc.

16 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/tksuj

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Artificial Intelligence

Core to Cloud Partners with Cybersecurity Innovator SenseOn to Enable Comprehensive NDR and SIEM Security

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New strategic arrangement allows organisations to monitor identity, endpoint, network and cloud-based activity to stop threats immediately.
CIRENCESTER, England, March 1, 2024 /PRNewswire/ — Core to Cloud, a leading provider of cybersecurity services and solutions, is excited to announce a strategic alliance with SenseOn, a renowned threat detection management platform. This collaboration will empower businesses to bolster their advanced NDR and SEIM operations and secure end-to-end platforms.

In today’s integrated digital landscape, businesses rely on various systems and third-party suppliers. The launch of SenseOn’s platform marks a significant leap forward in proactive threat detection and response, offering a comprehensive solution to combat sophisticated cyber threats. Organisations can identify, detect and respond to vulnerabilities in traditional blind spots. Core to Cloud’s partnership with SenseOn aims to address these challenges by offering a comprehensive and efficient solution for managing threat detection and response.
James Cunningham, CEO and co-founder of Core to Cloud, said: “We are excited to announce our partnership with SenseOn, allowing Core to Cloud to bring our clients a more robust and complete threat detection and management solution. With an ever-changing digital landscape, our clients must be able to detect and respond to any threats within their cyber estate. This partnership offers an all-encompassing approach to managing these risks.” 
One of the critical features of this partnership is that the platform is built upon a foundation of Artificial Intelligence (AI) and Machine Learning (ML) technologies, meticulously designed to evolve alongside cyber threats. Leveraging its unique Deep Learning, SenseOn’s platform analyses vast and complex datasets, providing real-time threat detection, investigation, and autonomous response capabilities. This innovative approach and Core to Cloud’s cybersecurity expertise enables organisations to proactively address potential threats before they escalate, ensuring robust protection against evolving cyber-attacks.
SenseOn’s platform and Core to Cloud’s know-how empower security teams to navigate the complicated threat landscape efficiently. Intelligent automation streamlines incident response, allowing cybersecurity professionals to focus on strategic initiatives rather than routine tasks.
David Atkinson, CEO and Founder of SenseOn, added: “We are excited to announce a pivotal moment in SenseOn’s journey with establishing a strategic channel partnership with Core to Cloud. This collaboration is more than a partnership; it’s an alliance that leverages the strengths of both companies to propel us towards growth. By combining SenseOn’s consolidated threat detection platform with Core to Cloud’s technical and service expertise, we are poised to deliver a new standard in cybersecurity solutions.”
Moreover, Core to Cloud and SenseOn are committed to ongoing collaboration and continuous improvement. As cybersecurity threats evolve, so do the strategies and tools to counter them. This collaboration is not just a one-time solution; it represents an ongoing commitment to enhancing the cybersecurity landscape for businesses of all sizes. Core to Cloud and SenseOn will continue to work together to develop new features, refine existing tools, and provide unparalleled support to our clients.
Core to Cloud’s partnership with SenseOn signifies a major step forward in cybersecurity. By combining expertise, technology, and a shared commitment to excellence, the two companies are paving the way for businesses to navigate the complex digital landscape confidently. Together, they empower businesses to protect their NDR, SEIM and end-to-end platforms.
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Fire Protection System Market worth $97.2 billion by 2029 – Exclusive Report by MarketsandMarkets™

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CHICAGO, March 1, 2024 /PRNewswire/ — The global fire protection system market size is projected to grow from USD 71.6 billion in 2024 to USD 97.2 billion by 2029 at CAGR of 6.3% during the forecast period according to a new report by MarketsandMarkets™. Fire protection systems help prevent fire accidents and damage. These systems reduce the impact of uncontrolled fires, saving lives and property. Fire alarms and detection systems, fire sprinkler systems, and fire suppression systems are among the popular options. Their demand has grown in the last decade, as most countries are committed to safety regulations. These systems are used in many sectors, such as residential, commercial, manufacturing, oil and gas, and energy and power.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1018
Browse in-depth TOC on “Fire Protection System Market” 194 – Tables72 – Figures284 – Pages
Fire Protection System Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 71.6 billion
Estimated Value by 2029
$ 97.2 billion
Growth Rate
Poised to grow at a CAGR of 6.3%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Fire Suppression, Smoke Detector, Heat Detector, Sprinkler, Service, Vertical and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Addressing ever-evolving regulatory requirements
Key Market Opportunities
Increasing government initiatives to upgrade building codes
Key Market Drivers
Surge in residential and commercial infrastructure development
 
The market for fire detection is expected to grow at a significant CAGR during the forecast period.
Fire detection is a critical part of any building design. They are available for residential, commercial, and industrial use. Fire detectors and control panels (including smoke, heat, and flame detectors) are essential in fire safety. They are specially used in homes for fire detection. Such systems are permanently installed to detect fires at an early stage and quickly inform the relevant emergency service. Fire detection products, such as flame detectors, smoke detectors, and heat detectors, alert the occupants through alarms and trigger automatic fire extinguishers, such as sprinklers. Successful fire prevention and protection depends on the performance of fire detection products. Thus, they are expected to offer accurate and early fire detection. A rise in new construction projects is generating demand for fire detectors due to various mandates pertaining to the compulsory installation of fire protection systems in new buildings.
The manufacturing segment is expected to gain a substantial market share during the forecast period.
Fires in manufacturing plants can be catastrophic due to the presence of large and critical structures. The manufacturing industry faces numerous fire hazards due to flammable materials, electrical equipment, dust accumulation, confined spaces, and chemical reactions. Fire protection systems are crucial in safeguarding lives, preventing property damage, mitigating environmental impact, and ensuring regulatory compliance. These systems are vital in protecting workers, reducing financial losses, and minimizing the risk of environmental pollution associated with fire incidents. The installation of fire protection systems in manufacturing plants is crucial. These products, such as fire suppressors and fire sprinklers, can extinguish fires and minimize risk, damage, and production downtime.
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European region is expected to hold a substantial share of the global fire protection market during the forecast period.
The European market consists of countries, such as Germany, the UK, France, and the Rest of Europe. The European fire protection system industry is well developed due to government regulations to safeguard building occupants from fire accidents by installing fire safety systems. Governments have collectively or independently developed fire prevention and protection guidelines. Fire accidents have reiterated that the need to set up fire protection systems has increased, fueling market growth. European countries are home to wireless fire detection system manufacturers. Moreover, the evolution of wireless technologies has driven the fire protection system market in this region. Stringent government mandates for installing smoke detectors and alarms in households have also been introduced in the UK, France, and Germany.
Key Players
The key players in the fire protection system companies include Carrier (US), Honeywell International Inc. (US), Johnson Controls (Ireland), Robert Bosch GmbH (Germany), Siemens (Germany), and others.
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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting
Related Reports: 
Building Automation System Market by Offering (Facility Management Systems, Security & Access Controls, Fire Protection Systems), Communication Technology (Wireless Technolgies, Wired Technologies), Application & Region-Global Forecast to 2028
Fire Protection System Testing, Inspection, and Certification (TIC) Market by Service Type (Testing, Inspection, Certification), System Type (Fire Alarm Devices, Fire Detection Systems, Sprinkler Systems), Application and Region – Global Forecast to 2028
Smoke Detector Market Size, Share, Statistics and Industry Growth Analysis Report by Power Source (Battery-Powered, Hardwired with battery backup, Hardwired without battery backup), Type (Photoelectric Smoke Detectors, Ionization Smoke Detectors), Service, Distribution Channel – Global Forecast to 2027
Home Security Systems Market Size, Share, Industry Growth Analysis Report by Home Type (Independent Homes, Apartments), Security (Professionally Installed & Monitored, Do-It-Yourself), Systems (Access Control Systems), Services (Security System Integration Services), Global Growth Driver and Industry Forecast To 2027
Fire Suppression Market by Product (Fire Suppressors, Fire Detectors and Control Panels, Sprinklers, Nozzles, Caps, and Control Heads), Suppression Reagent, Sector (Residential, Commercial, Industrial), and Region – Global Forecast to 2023
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact: Mr. Aashish MehraMarketsandMarkets™ INC. 630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [email protected] Our Web Site: https://www.marketsandmarkets.com/Research Insight: https://www.marketsandmarkets.com/ResearchInsight/fire-protection-systems-market.aspContent Source: https://www.marketsandmarkets.com/PressReleases/fire-protection-systems.asp
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HUMAN CAPABILITY INITIATIVE CONCLUDES IN RIYADH, MARKING THE BIGGEST-EVER GLOBAL CONFERENCE IN UNITING THE WORLD TO ADVANCE HUMAN CAPABILITY

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RIYADH, Saudi Arabia, March 1, 2024 /PRNewswire/ — The Human Capability Initiative (HCI) concluded today in Riyadh, Saudi Arabia, bringing in a new era in global collaboration for human capability development. HCI was held under the patronage of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Prime Minister, and Chairman of the Human Capability Development Program (HCDP) Committee.

This groundbreaking forum gathering over 10,000 registered participants from more than 100 countries has set a precedent for international efforts in harnessing human potential, culminating in over 50 strategic partnerships and launches. These collaborations, spanning diverse sectors from education to artificial intelligence, mark significant strides toward global human capability enhancement.
Notable announcements include the Saudi Ministry of Education’s educational visa program set to make Saudi Arabia a global learning hub for over 132,000 international students, researchers, and professors, aligning with the Kingdom’s Vision 2030 aspirations to attract and retain worldwide talent.
The Saudi Ministry of Education will also contribute to revolutionizing education in lower-income countries by officially joining the Global Partnership for Education (GPE) with a substantial $38 million contribution to equip young generations with the necessary skills for jobs of the future.
As the Kingdom prioritizes the future readiness of Saudi students across all disciplines, the Saudi Ministry of Education has unveiled plans to elevate its Curriculum Development Center into a national autonomous entity under the direct supervision of the Minister of Education. This revamped Center will focus on strategic curriculum planning and development aligned with international best practices and emerging global trends, preparing future generations for success in an ever-evolving world.
Further adding to the successes HCI has brought, groundbreaking education partnerships were struck between Saudi Arabia and some of the world’s biggest sector leaders including Porsche, Hyundai, LinkedIn, and IE University, leveraging the power of international collaboration to accelerate human capability development at home and abroad.
These initiatives, alongside others announced during the event, underscore HCI’s role as an enabling platform for impactful collaboration and a necessary catalyst for future-ready human capability development across the globe.
The conference featured a robust agenda, with over 100 insightful sessions led by global and local luminaries in government, industry, and academia including thoughtful future-facing discussions featuring Ministers of Education from around the world. Discussions spanned crucial topics such as the sustainability skill gap, job automation by AI, and the future of education and workforce adaptability, emphasizing the central role of human potential in addressing contemporary global challenges.
The CEO of HCDP, Engineer Anas AlMudaifer, commented: “HCI has inspired collaboration among the brightest minds in the world to future-proof people. Thought provoking ideas shared at HCI have and the thought-provoking ideas shared, and impact-driven partnerships forged today have reaffirmed that commitment. Unlocking the full potential of humanity requires global collaboration, and Saudi Arabia, as a global convenor, is sparking dynamic dialogue through HCI. The huge success of HCI has energized the world of human capability development, serving as an inspirational platform for more knowledge and collaborations to come, and more importantly, demonstrated that together, we can truly unlock the full potential of our societies.”
Saudi Arabia is undergoing a profound transformation under Vision 2030 that aims to create opportunities for citizens, open the Kingdom to the world and diversify its economy. At the heart of Vision 2030 lies the people, who embody the ambition of Saudi transformation. This belief in people is the aspiration behind the hosting of Human Capability Initiative, sparking actions among changemakers in governments, private sector and non-profit organizations globally to invest in the most valuable resource of our society – the people.
Contact: Tariq Al Qwaifel, +966 56 466 6669, [email protected] 
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