U.S. Voice Recognition Market size was valued at 251.2 million units in 2018. The market is estimated to exhibit the CAGR of over 16% from 2019 to 2025. The growing use of voice recognition technologies in advanced electronic devices and technological advancements are paving the way for the growth of the market. Increasing the use of voice recognition in biometric is a major driver. Voice-enabled biometric ensures security in offering access to genuine users while doing transactions.
The growing demand for voice-based biometrics in enterprise applications and BFSI is likely to attribute to the growth of the market. Further, increasing use of voice-based in-car infotainment systems is estimated to augment the demand in the automotive sector. In addition, the growing use of speech-based technology in the mobile map for navigation is estimated to fuel the market growth.
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The key driving factors responsible for the growth of U.S. Voice Recognition market :
With the growing use of IoT in residential, commercial and industrial applications across the U.S, there has been a significant rise in the number of consumers using connected devices. This has resulted in the integration of various connected devices with voice recognition technique, thereby, supplementing the growth of the market.
Voice recognition is rapidly adopted in various consumers’ devices such as laptop, smartphone and IoT-enabled equipment. Major market players in the U.S are emphasizing on offering services including voice-based intelligent personal assistant software and application. The growing trend of smart home automation is the other factor projected to drive market growth. Such homes use voice commands to control room temperature, lights and doors, thereby, attributing to the growth of the market.
Growing technology adoption and use of voice-based biometric systems to access core credentials are augmenting the market growth. Further, consumers prefer voice-based biometrics to other conventional authentication methods, which, in turn, is proliferating the growth of the market.
Vertical Insights
On the basis of vertical, the U.S. voice recognition market is categorized into legal, automotive, BFSI, education, consumer, healthcare, retail, military and others. Among them, consumer category held the largest share in the market in 2018. The increasing technology application in home security and different connected devices across the U.S are anticipated to augment market growth.
The automotive category is anticipated to hold a considerable share in the U.S market over the forecast period. Different automotive applications like car navigation, verbal commands and remote control for the infotainment system are attributing to this growth. To authenticate users, The United Services Automobile Association (USAA) usage biometric systems that offer voice, face and fingerprint recognition. USAA users can access their accounts using mobile. Thus, growing penetration of such technology is fueling market growth.
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The U.S. healthcare ERP market size is estimated to be USD 2.1 billion by 2025, growing at a CAGR of 5.6% over the forecast period, 2019 to 2025, as per a new report by Million Insights.
ERP software helps healthcare service providers to better manage the data and draw actionable insights from them.
Further, increasing burden of payment processing, insurance along with other information of several newly-enrolled people is estimated to drive the deployment for ERP software in healthcare.
Request a Sample PDF Copy of This Report @ https://www.millioninsights.com/industry-reports/us-healthcare-erp-market/request-sample Market Synopsis of U.S. Healthcare ERP Market: Cloud adoption has further bolstered the ERP deployment.
Hybrid system supports both on-premise and cloud deployment along with offering agility, data-security and cost-effectiveness.
Owing to these benefits offered by the hybrid system, cloud adoption is estimated to gain traction across the U.S. Key players in the U.S. healthcare ERP market are focusing on increasing their dominance and gain competitive advantages over their peers.
Global Sourdough Market Research Report 2021-2028The Sourdough Market research report study the market position worldwide, from different angles, such as from the geological regions, key player’s point, types of product, and application.This Sourdough market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market.The sourdough market is expected to witness market growth at a rate of 5.8% in the forecast period of 2021 to 2028.
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