• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

Mobile ID World

Mobile ID World

Identification Revolution

  • Mobile ID
    • What Is Mobile ID?
    • Identity Associations
    • Premier Partners
    • FAQ
  • News
  • Solutions
    • Behavioral
    • Facial Recognition
    • Fingerprint Biometrics
    • Iris Biometrics
    • Second Factor
    • Smart Cards
    • Smartphones
    • Vital
    • Voice
    • Wearable Tech
    • Other
  • Applications
    • Access Control
    • Cloud Technology
    • Commerce
    • Enterprise
    • Healthcare
    • Identification
    • Internet of Things
    • Law Enforcement
    • Strong Online Authentication
  • Exclusive
    • Interviews
    • Featured Articles
    • Podcasts
  • Companies
  • Events

The Far-Field Voice Recognition Market is About to Skyrocket

April 2, 2019

The Far-Field Voice Recognition Market is About to Skyrocket

A new report from MarketsandMarkets suggests that the demand for far-field voice recognition tech will skyrocket in the next few years. The market is expected to jump from $969 million in 2018 to $3.5 billion by 2024 thanks to the rising popularity of smart speakers, smart TVs, and an ever-expanding range of other smart devices.

North America – and the US in particular – is expected to be the largest market for far-field voice recognition, while linear microphone arrays are expected to be the most common technological layout. Meanwhile, the Internet of Things will fuel much of the growth as speech and voice recognition are integrated into more smartphones, thermostats, fridges, lights, and countless other items.

Perhaps the most eyebrow-raising finding in the report is that fully half of all internet searches will be conducted by voice input by 2020, which suggests that many of us are already using our voices instead of our keyboards when punching something into Google (MarketsandMarkets attributes the statistic to MindMeld, a speech recognition API provider). Even if that number ends up being a little off, the use of speech recognition tech is obviously accelerating as it becomes more reliable and more popular.    

In previous reports, MarketsandMarkets has forecasted a similarly rosy outlook for the risk-based authentication market and the biometrics market more generally. These latest findings echo a separate report from IDTechEx, which suggests the voice recognition market will hit $15.5 billion by 2029.

–

(Originally posted on FindBiometrics)

Filed Under: Industry News Tagged With: Biometric, biometrics, industry trends, Internet of Things, IoT, market forecasts, market reports, speech recognition, voice biometrics, voice recognition

Related News & Articles

Credit Union CEO Urges Quebec Lawmakers to Adopt New Digital ID Procedures Following Data Breach

Dongwoon Anatech Places New Orders For IDEX Biometrics Sensors

Apple Pay Welcomes Over 50 Card Issuers to Roster of Supporters

Primary Sidebar

Register For the Next Virtual Identity Summit

Register now!

Tweets

Sponsored Links

FACEPHI is a global leader in Facial Recognition technology and in Mobile Biometrics technologies. With a strong concentration in the financial sector, FacePhi's product is rapidly becoming a service used by banks all over the world. Its implementation doesn’t just save money, it is also a way to attract clients and build loyalty, while increasing the security of transactions for both the customer and the business. To learn more about FacePhi, visit https://www.facephi.com/en/

Recent Posts

  • Saskatchewan Privacy Commissioner Urges Development of Optional Digital ID
  • Wearable Authentication Company Closes $13 Million Funding Round
  • Fobi and Barnet Unveil New Digital Wallet Loyalty Solution
  • IPification Partners With Major Indonesian Telecom
  • INTELITY Streamlines Hotel Check-in With Mobile ID Solution

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2022 MobileIDWorld