The global sound recognition market is projected to reach USD 4.42 billion by 2025 and projected to register 75.8 % CAGR over the forecast period, from 2019 to 2025 according to Million Insights. Sound recognition operates on low-cost microcontrollers that resulted in the energy-efficient product thereby offering an economical solution. It is very flexible as it can recognize various sounds and allows users to add their sound event classifier; thereby offering customization of the sound event. Hence, low cost and high flexibility factors are expected to drive the market growth.
This technology is used for several purposes including speech recognition and music recognition, among others. Increasing usage of this technology in smart safety solutions and for monitoring and surveillance system to automatic alarm detection is expected to further fuel the market growth. In addition, the rising adoption of advanced technologies such as machine learning, Artificial Intelligence (AI), and Internet of Things (IoT) are projected to drive the market growth over the forecast period.
To download the sample PDF of Sound Recognition Market Report “please” click here: https://www.millioninsights.com/industry-reports/global-sound-recognition-market/request-sample
The AI-based sound recognition system is projected to grow with the highest CAGR from 2019 to 2025. This growth is attributed to the rising focus of market players in developing technologically advanced products for better customer experience. Among applications, the automotive segment is expected to witness significant growth over the forecast period. This growth is attributed to the rising application of sound recognition systems in autonomous cars to detect sounds inside and outside the car to improve safety.
To browse report summary & detailed TOC, “please” click the link below:
https://www.millioninsights.com/industry-reports/global-sound-recognition-market
Further key findings from the report suggest:
• Increasing adoption of sound recognition system in emergency vehicle detection condition monitoring and wear detection, among others is the major factor to drive the automotive segment growth.
• Factor like high efficiency owing to high control and awareness and edge processing is fuelling the sound recognition market growth.
• Market players in Europe are gaining a competitive edge by getting significant fund from companies including IQ Capital and Cambridge Innovation Capital plc for enhancing their presence in sound recognition technology
• OtoSense, Audio Analytic Ltd., Reality AI, abilisense, and Wavio, are the key market playesr operating in this market.
Million Insights has segmented the global sound recognition market on the basis of device, application, and region:
Sound Recognition Device Outlook (Revenue, USD Million, 2014 – 2025)
• Smartphones
• Tablets
• Smart Home Devices
• Smart Speakers
• Connected Cars
• Hearables
• Smart Wristbands
Sound Recognition Application Outlook (Revenue, USD Million, 2014 – 2025)
• Automotive
• Healthcare and Fitness
• Smart Home
• Safety and Security
• Others
Sound Recognition Regional Outlook (Revenue, USD Million, 2014 – 2025)
• North America
• U.S.
• Canada
• Mexico
• Europe
• U.K.
• Germany
• France
• Asia Pacific
• China
• India
• Japan
• South America
• Brazil
• Argentina
• Middle East & Africa
• UAE
• Saudi Arabia
Browse latest market research reports available with Million Insights:
• Sports Technology Market: The global sports technology market size was worth USD 9.80 billion in 2018. The market is projected to expand at 20.3% CAGR from 2019 to 2025.
• Geospatial Analytics Market: The global geospatial analytics market size was worth USD 51,700.7 million in 2018. The market is estimated to expand at 15.0% CAGR over the forecast duration, 2019 to 2025.
About Million Insights
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive marketplace that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.
Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: https://www.millioninsights.com/industry-reports/global-sound-recognition-market