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Global demand for voice controlled devices on the rise

Global demand for voice controlled devices on the rise

Voice-controlled devices use the voice recognition software to convert and decode the human voice into signals, which are easily understood by the devices.

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It acts as an authentication technology, where words or phrases spoken aloud are converted into electrical signals that are transformed into coding patterns and assigned meaning.

The prospects for growth in this market are aggrandized by the augmented demand for voice-based user authentication in financial institutions, healthcare enterprises, and government organizations.

In this market study, analysts have estimated eminent factors, such as the growing integration of voice verification with speech recognition, to foster market growth during the forecast period.

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Recently, it has been observed that instead of offering voice verification as a standalone product, vendors are offering the integrated functioning of voice verification and speech recognition in devices. The integration of voice verification with speech recognition will be extremely useful in smartphones and could replace existing security features like lock patterns, passwords, and facial recognition in the near future.

 

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The Global Voice Controlled Devices Market is segmented on the basis of type, treatment, end-user, and applications. Among these, the Voice Controlled Devices subdivision accounted for the widely held market share during 2017 and will continue to overlook the market throughout the forecast period.

North America leads the Global Voice Controlled Devices and it is anticipated to perceive a declining trend amid the estimated time frame because of patent lapse of premium brands. Regardless of this reality, the North American market is relied upon to be the biggest income generating market amid the figure time frame.

However, Asia Pacific & LAMEA is expected to exhibit faster growth rate, for Global Voice Controlled Devices because of the developing government regulations & initiatives and enhanced administrative framework. Opportunities in the Asian market have fascinated huge investments by foremost companies in the area of R&D activities.

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Table of Contents:

Global Voice Controlled Devices Market Research Report 2017-2021

Chapter 1 Voice Controlled Devices Market Overview

Chapter 2 Global Economic Impact

Chapter 3 Competition by Manufacturers

Chapter 4 Production, Revenue (Value) by Region (2012-2017)

Chapter 5 Supply (Production), Consumption, Export, Import by Regions (2012-2017)

Chapter 6 Production, Revenue (Value), Price Trend by Type

Chapter 7 Analysis by Application

Chapter 8 Manufacturing Cost Analysis

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

Chapter 11 Market Effect Factors Analysis

Chapter 12 Market Forecast (2017-2021)

Chapter 13 Appendix

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