Amid the COVID-19 crisis and the looming economic recession, the Voice and Speech Recognition Technology market worldwide will grow by a projected US$16 Billion, during the analysis period
, Amid the COVID-19 crisis and the looming economic recession, the Voice and Speech Recognition Technology market worldwide will grow by a projected , during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 16%. Speech, one of the segments analyzed and sized in this study, is forecast to grow at over 15.3% and reach a market size of by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Speech market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions. Read the full report: As part of the new emerging geographic scenario, is forecast to readjust to a 13.9% CAGR. Within , the region worst hit by the pandemic, will add over to the region's size over the next 7 to 8 years. In addition, over worth of projected demand in the region will come from Rest of European markets. In , the Speech segment will reach a market size of by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront . Amid the growing push for decoupling and economic distancing, the changing relationship between and the rest of the world will influence competition and opportunities in the Voice and Speech Recognition Technology market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world's second largest economy will grow at 21.3% over the next couple of years and add approximately in terms of addressable market opportunity. Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Voice and Speech Recognition Technology market landscape. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies. Competitors identified in this market include, among others, 7.ai; Acapela Group; Advanced Voice Recognition Systems Inc.; Apple Inc.; Applied Voice & Speech Technologies Inc.; BioTrust ID B.V.; Convergys Corp.; Genesys Telecommunications Laboratories Inc.; Google Inc.; Honeywell International, Inc.; IBM Corp.; LumenVox LLC; Microsoft Corp.; Nuance Communications Inc.; Sensory Inc.; Sestek; Voxware Inc.; Wizzard Speech LLCRead the full report: Read the full report: About 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: US: (339)-368-6001 Intl: +1 339-368-6001
Artificial Intelligence (AI) Market to Reach USD 202.57 Billion by 2026; Rising Demand for Cloud-based Applications to Aid Growth: Fortune Business Insights(TM)
The global AI market is set to gain momentum from the rising utilization of cloud-based services and applications worldwide. Also, the increasing adoption of connected devices would impact the market positively in the coming years. This information is published by Fortune Business Insights(TM) in a recent report, titled, "Artificial Intelligence (AI) Market Size, Share and Industry Analysis By Component (Hardware, Software, Services), By Technology (Computer Vision, Machine Learning, Natural Language Processing, Others), By Industry Vertical (BFSI, Healthcare, Manufacturing, Retail, IT & Telecom, Government, Others) and Regional Forecast, 2019-2026." The report further states that the global AI market size stood at USD 20.67 billion in 2018 and is projected to reach USD 202.57 billion by 2026, thereby exhibiting a CAGR of 33.1% during the forecast period.
After Yesterday's Rally of 1.72% Shares Could Potentially Pullback
Apple Inc (NASDAQ:AAPL) traded in a range yesterday that spanned from a low of $316.20 to a high of $319.52. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $318.52 on volume of 14.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.