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Audio AI Recognition Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2030

Global Audio AI Recognition Market: By Type (Music recognition, Speech recognition, Disability assistance, Surveillance systems, Natural sounds recognition); By Device (Smartphones, Tablets, Smart Home Devices, Smart Speakers, Connected Cars, Hearables, Smart Wristbands and Others); By Deployment (On Cloud, On-Premises/Embedded); By Industry (Automotive, Enterprise, Consumer, BFSI, Government, Retail, Healthcare, Military, Legal, Education, Others); By region—Industry Dynamics, Market Size, Opportunity and Forecast for 2022–2030

  • Published On: 18-Nov-2022  |  Format: pdfpowerpointexcel  |  Report ID: AA1122331
    Delivery: 2 to 4 Hours

REPORT SCOPE

Report AttributeDetails
Market Size Value in 2021US$ 4,067.6 Million
Expected Revenue in 2030US$ 14,070.7 Million
Historic Data2017-2020
Base Year2021
Forecast Period2022-2030
UnitValue (USD Mn)
CAGR15.83%
Segments coveredBy Type, By Device, By Deployment, By Industry, By Region
Key Companies                                                                        Amazon.com, Inc., Google, Uniphore, Speechmatics, SoapBox Labs, Otter.ai, Verbit, Mobvoi, Nuance, iFLYTEK, Sensory, Other prominent players
Customization ScopeGet your customized report as per your preference. Ask for customization

FREQUENTLY ASKED QUESTIONS

Global Audio AI Recognition Market is valued at US$ 4,067.59 million in 2021 and is expected to reach US$ 14,070.72 million by 2030.

The Global Audio AI Recognition Market is expected to grow with a CAGR of 15.83% during the forecast period 2022-2030 and is expected to reach US$ 14,070.72 million. 

The key drivers of the market are the increasing application of voice-controlled devices in various sectors and technological advancements in audio AI recognition products.

Rising privacy concerns of voice recognition technology are a key restraint factor that is affecting the growth of the global Audio AI Recognition market.

North America dominates the market by holding the largest share and is expected to continue its dominance over the forecast period 2022-2030.

Asia Pacific is expected to grow with the highest CAGR during the forecast period.

United States is accounting the majority of the market share in the North America region.

Global Audio AI Recognition Market is segmented in by type, device, deployment, and industry.

Distribution channel segment holds the largest share during the forecast period.

Consumer Segment holds the largest share and is expected to grow with the highest CAGR during the forecast period 2022-2030.

Amazon.com, Inc., Google, Uniphore, Speechmatics, Verbit among all others are some major key players in the Global Audio AI Recognition Market.