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Far-Filed Speech and voice recognition market is expected to grow at CAGR of 23.89% from 2018 to 2024NEW YORK, April 3, 2019 /PRNewswire/ -- Far-Filed Speech and voice recognition market is expected to grow at CAGR of 23.89% from 2018 to 2024. Using deep learning-based microphone, Google had reduced the number of microphones in their smart speakers to two microphones per device, whereas their arch-rival Amazon is using 7 microphones in a single smart speaker. Far-Field Speech and Voice Recognition market in RoW is expected to grow at highest CAGR during forecast period. The growing adoption of smart speakers and smart home devices in South America, Israel, and UAE is driving the growth of the far-field speech and voice recognition market in RoW.South Africa and Nigeria are also key revenue generators in the far-field speech and voice recognition market in RoW. IBM Watson and Google are progressively making strategic decisions to penetrate into the comparatively lesser tapped region.IBM Watson added the capability to understand the Arabic language, and this has increased the demand for IBM Watson in the MEA region. Furthermore, the falling price of smart speakers from Google and Amazon have also fueled the growth of smart home devices among middle class consumer in the Middle East & Africa. Breakdown of profile of primary participants: • By Company Type: Tier 1 - 27%, Tier 2 - 41%, and Tier 3 - 32% • By Designation: C-Level Executives - 26%, Directors - 40%, and Others - 34% • By Region: North America - 47%, Europe - 28%, APAC - 19%, and RoW - 6% Synaptics (US), Texas Instruments (US), Qualcomm (US), Sensory (US), STMicroelectronics (Switzerland), Harman (US), Andrea Electronics (US), Cirrus Logic (US), Microsemi (US), and DSP Group (US) are a few key players in the far-field speech and voice recognition market. Research Coverage: • The study covers the far-field speech and voice recognition market. It aims at estimating the market size and growth potential of this market, across different segments, such as by component, application, microphone solution, and geography. The study also includes an in-depth competitive analysis of key market players, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies. Key Benefits of Buying the Report: The report will help leaders/new entrants in this market with information on the closest approximations of revenue numbers for the overall far-field speech and voice recognition market and its subsegments.This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report will also help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities. Read the full report: https://www.reportlinker.com/p05763277/?utm_source=PRN About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 View original content:http://www.prnewswire.com/news-releases/far-filed-speech-and-voice-recognition-market-is-expected-to-grow-at-cagr-of-23-89-from-2018-to-2024--300824289.html SOURCE Reportlinker |