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Global Far-Field Speech and Voice Recognition Market 2019-2026 by Microphone Solution, Component, Application, Geography

Sep 02, 2019 - PR Newswire

PR Newswire

The"Far-Field Speech and Voice Recognition - Global Market Outlook (2017-2026)"report has been added toResearchAndMarkets.com'soffering.

Some of the key players in the market are Xmos, Vocal Technologies, Vesper Technologies, Texas Instruments, Synaptics, Stmicroelectronics, Sensory, Retune-DSP, Qualcomm, Mightyworks, Microsemi, Meeami Technologies, Matrix Labs, Knowles, Harman, Fortemedia, DSP Group, Cirrus Logic, Andrea Electronics and Alango.

Global Far-Field Speech and Voice Recognition market accounted for $830.36 million in 2017 and is expected to reach $4,950.36 million by 2026 growing at a CAGR of 21.9% during the forecast period.The market is propelling due to the rising impact of front-end hardware components on the accurateness of speech and voice recognition, technological development of deep-learning-based far-field microphones and increase in voice control-based smart speakers. However, the rising privacy risk from voice enabled smart home devices is restraining the market. Moreover, one of the major opportunities for the market growth is exploitation of far-field speech and voice recognition in smart home devices...