Global Sound Recognition Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Device Movement;

Smartphones, Tablets, Smart home devices, Smart speakers, Connected cars, Hearables and Smart Wristbands.

By Type;

Isolated Word Recognition, Keyword Spotting and Continuous Speech Recognition.

By Application;

Automotive, Healthcare and Fitness, Smart Home, Safety & Security and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East, Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn139966992 Published Date: April, 2024 Updated Date: May, 2024

Introduction

Global Sound Recognition Market (USD Million), 2020 - 2030

In the year 2023, the Global Sound Recognition Market was valued at USD 19,271.65 million. The size of this market is expected to increase to USD 62,121.39 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 18.2%.

The Global Sound Recognition Market is undergoing a significant evolution, driven by the increasing integration of artificial intelligence and machine learning technologies. Sound recognition, once a niche domain, has now become a pivotal component in various industries, including automotive, consumer electronics, security, healthcare, and more. This technology enables devices to identify and interpret sounds, ranging from voice commands to environmental noises, fostering a more intuitive and interactive user experience.

One of the primary drivers propelling the growth of the global sound recognition market is the escalating demand for smart devices and virtual assistants. With the proliferation of smartphones, smart speakers, and IoT devices, there is a growing need for these gadgets to understand and respond to human commands and environmental cues accurately. As a result, companies are investing heavily in sound recognition technologies to enhance the functionality and intelligence of their products, catering to the ever-expanding ecosystem of connected devices.

Advancements in deep learning algorithms and the availability of vast amounts of audio data have significantly improved the accuracy and reliability of sound recognition systems. This has paved the way for innovative applications across diverse sectors, such as automotive safety systems that can detect sirens or horns, healthcare solutions for monitoring patient well-being through audio cues, and security systems capable of identifying suspicious sounds for crime prevention. With such promising prospects, the global sound recognition market is poised for substantial growth in the coming years, driving transformative changes across industries and revolutionizing human-machine interaction.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Device Movement
    2. Market Snapshot, By Type
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Global Sound Recognition Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological Advancements

        2. Rising Adoption of Smart Devices

        3. Increasing Demand for Speech Recognition

        4. Growing Applications in Automotive Sector

      2. Restraints
        1. Data Security Risks

        2. Intellectual Property Issues

        3. Limited Adoption in Niche Markets

        4. Competition from Established Players

      3. Opportunities
        1. Privacy Concerns

        2. Regulatory Hurdles

        3. Lack of Standardization

        4. Technological Limitations

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Sound Recognition Market, By Device Movement, 2020 - 2030 (USD Million)
      1. Smartphones
      2. Tablets
      3. Smart home devices
      4. Smart speakers
      5. Connected cars
      6. Hearables
      7. Smart Wristbands
    2. Global Sound Recognition Market, By Type, 2020 - 2030 (USD Million)
      1. Isolated Word Recognition
      2. Keyword Spotting
      3. Continuous Speech Recognition
    3. Global Sound Recognition Market, By Application, 2020 - 2030 (USD Million)
      1. Automotive
      2. Healthcare
      3. Fitness
      4. Smart Home
      5. Safety & Security
      6. Others
    4. Global Sound Recognition Market, By Geography, 2020 - 2030 (USD Million)
      1. North America

        1. United States

        2. Canada

      2. Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Spain

        6. Nordic

        7. Benelux

        8. Rest of Europe

      3. Asia Pacific

        1. Japan

        2. China

        3. India

        4. Australia/New Zealand

        5. South Korea

        6. ASEAN

        7. Rest of Asia Pacific

      4. Middle East & Africa

        1. GCC

        2. Israel

        3. South Africa

        4. Rest of Middle East & Africa

      5. Latin America

        1. Brazil

        2. Mexico

        3. Argentina

        4. Rest of Latin America

  6. Competitive Landscape
    1. Company Profiles
      1. Baidu, Inc

      2. BioTrust ID B.V

      3. Castle Software, LLC

      4. Facebook, Inc

      5. Google, Inc

      6. IBM

      7. LumenVox

      8. M2SYS Technology

      9. Microsoft Corporation

  7. Analyst Views
  8. Future Outlook of the Market

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