Sound Recognition Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Device (Smartphones and Tablets, Smart Home Devices, Connected Cars, Hearables, Others); Application (Automotive, Healthcare and Fitness, Smart Home, Safety and Security, Others) and Geography
Report Code: TIPRE00009200 No. of Pages: 150 Category: Technology, Media and Telecommunications Status: Upcoming
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MARKET OVERVIEW
Sound recognition is an integration of audio signal analysis and pattern recognition technology. The process involves various classification algorithms for categorizing the sound type. It also has feature extraction and preliminary data processing that creates the feature vectors. The adoption of this emerging technology is anticipated to witness an exponential rise in the forthcoming years, which in turn is fueling the market growth.
MARKET SCOPE
The "Global Sound Recognition Market Analysis to 2028" is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the sound recognition market with detailed market segmentation by device, application and geography. The report provides key statistics on the market status of the leading sound recognition market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
MARKET DYNAMICS
Drivers:
Restraints:
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The sound recognition market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the sound recognition market in these regions.
IMPACT OF COVID-19 ON SOUND RECOGNITION MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
The report covers key developments in the sound recognition market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from sound recognition market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the sound recognition market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
Sound recognition is an integration of audio signal analysis and pattern recognition technology. The process involves various classification algorithms for categorizing the sound type. It also has feature extraction and preliminary data processing that creates the feature vectors. The adoption of this emerging technology is anticipated to witness an exponential rise in the forthcoming years, which in turn is fueling the market growth.
MARKET SCOPE
The "Global Sound Recognition Market Analysis to 2028" is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the sound recognition market with detailed market segmentation by device, application and geography. The report provides key statistics on the market status of the leading sound recognition market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on device, the global sound recognition market is segmented into smartphones and tablets, smart home devices, connected cars, hearables, others
- On the basis of application, the market is segmented into automotive, healthcare and fitness, smart home, safety and security, others
MARKET DYNAMICS
Drivers:
- Rapid Proliferation of Multifunctional Devices Or Smart Speakers.
- High Growth Potential in Healthcare Application.
Restraints:
- High Cost of High-End Voice Recognition System
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The sound recognition market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the sound recognition market in these regions.
IMPACT OF COVID-19 ON SOUND RECOGNITION MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
The report covers key developments in the sound recognition market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from sound recognition market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the sound recognition market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Wavio
- Reality AI
- Audio Analytic Ltd.
- Abilisense
- OtoSense Inc.
- Nuance Communications, Inc.
- Google
- Microsoft Corporation
- Amazon Web Services, Inc.
- IBM Corporation