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Global Speech Recognition AI (Artificial Intelligence) Camera Market Size, Trends and Growth Opportunity, By Product (Smartphone Cameras, Surveillance Cameras, DSLRs, Others), By Vertical (Automotive, Enterprise, Consumer, Banking, Financial Services and Insurance (BFSI), Government, Retail, Healthcare, Military, Legal, Education, Others), By Type (4K, 8K, Others), By Region and forecast till 2027.


Report ID : IR100517 | Industries : Energy & Power | Published On :May 2024 | Page Count : 112

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  • Global Speech Recognition AI (Artificial Intelligence) Camera Market Size, Trends and Growth Opportunity, By Product (Smartphone Cameras, Surveillance Cameras, DSLRs, Others), By Vertical (Automotive, Enterprise, Consumer, Banking, Financial Services and Insurance (BFSI), Government, Retail, Healthcare, Military, Legal, Education, Others), By Type (4K, 8K, Others), By Region and forecast till 2027.
    Global Speech Recognition AI (Artificial Intelligence) Camera Market
    Global Speech Recognition AI (Artificial Intelligence) Camera Market was valued at USD 14,290.20 million in 2021 and is slated to reach at USD 37,048.58 million by 2027 at a CAGR of 12.7 % from 2022-2027.
    The intelligent service that is employed to capture voice recognition imaging is the speech recognition artificial intelligence camera. Contactless user interfaces for vision AI-based surveillance or industrial automation systems are made simpler by this multimodal architecture.
    Market Drivers
    The industry is expanding as artificial intelligence is developed in many organisations. To detect speech images and carry out various other duties more effectively and precisely, it requires specially built hardware with complicated algorithms and software. Another element fueling the market's expansion over the anticipated period is the rising demand for high-speed networks in industrial facilities to analyse real-time data, improve production processes, and enable secure and seamless data transmission. The market is predicted to create profitable prospects as cloud-based services become more prevalent in the information technology industry, which will accelerate the expansion of the voice recognition AI (artificial intelligence) market. The direct attached artificial intelligence (AI) storage system market will also have a number of growth opportunities during the anticipated period thanks to technological advancements in cloud-based services, such as improved smart camera efficiency and others in the business, governmental, and telecom sectors.
    Market Restraints
    Data security concerns and other issues that result in cybercrime, cyberthreats, and other issues are predicted to hinder market expansion. The key aspect anticipated to pose a challenge to the voice recognition AI (artificial intelligence) camera market over the forecast period is the lack of knowledge of artificial intelligence technology in emerging countries.
    Impact of COVID-19
    The market for AI (artificial intelligence) cameras that recognise speech was negatively impacted by the recent coronavirus outbreak. The market was significantly impacted by supply chain disruption, a shortage of labour, price variations, and the availability of raw materials. However, the total industry is anticipated to increase slowly as restrictions are gradually lifted and company operations are resumed. Additionally, it is predicted that the market will rebound when individual regulatory authorities start to loosen these imposed lockdowns. The operations that have been halted and cancelled will resume, and market growth is anticipated.
    Market Segmentation
    Global Speech Recognition AI (Artificial Intelligence) Camera Market is segmented into Product, Vertical and Type. By Product such as Smartphone Cameras, Surveillance Cameras, DSLRs, Others. By Vertical such as Automotive, Enterprise, Consumer, Banking, Financial Services and Insurance (BFSI), Government, Retail, Healthcare, Military, Legal, Education, Others. By Type such as 4K, 8K, Others.
    Regional Analysis 
    Global Speech Recognition AI (Artificial Intelligence) Camera Market is segmented into five regions North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market for voice recognition AI (artificial intelligence) cameras is dominated by North America since there are more seasoned professionals there and they are more widely known and accessible. During the projected period, Asia-Pacific is anticipated to experience considerable development as a result of the region's expanding adoption of artificial intelligence in the financial sector and the rising demand for direct-attached artificial intelligence (AI) storage systems.
    Key Players
    This report includes a list of numerous Key Players, namely SAMSUNG (South Korea), Sony Corporation (Japan), Xiaomi (China), Honeywell International Inc. (U.S.), Canon U.S.A., Inc. (U.S.), Nikon India Pvt Ltd (India), Huawei Technologies Co., Ltd. (China), LG Electronics (South Korea), Google (U.S.), Hangzhou Hikvision Digital Technology Co., Ltd. (China).
    Market Taxonomy
    By Product

    •        Smartphone Cameras
    •        Surveillance Cameras
    •        DSLRs
    •        Others
    By Vertical
    •        Automotive
    •        Enterprise
    •        Consumer
    •        Banking, Financial Services and Insurance (BFSI)
    •        Government
    •        Retail
    •        Healthcare
    •        Military
    •        Legal
    •        Education
    •        Others
    By Type
    •        4K
    •        8K
    •        Others
    By Region

    •        North America
    •        Latin America
    •        Europe
    •        Asia Pacific
    •        Middle East & Africa.

     

    Global Speech Recognition AI (Artificial Intelligence) Camera Market TOC:
    1 Introduction        
    1.1 Objective of the Study
    1.2 Market definition
    1.3 Market Scope
    2 Research Methodology
    2.1 Data Mining
    2.2 Validation
    2.3 Primary Interviews
    2.4 List of Data Sources
    3 Executive Summary
    4 Global Speech Recognition AI (Artificial Intelligence) Camera Market Outlook
    4.1 Overview
    4.2 Market Dynamics
    4.2.1 Drivers
    4.2.2 Restraints
    4.2.3 Opportunities
    4.3 Porters Five Force Model
    4.4 Value Chain Analysis
    5 Global Speech Recognition AI (Artificial Intelligence) Camera Market, By Product
    5.1 Y-o-Y Growth Comparison, By Product
    5.2 Global Speech Recognition AI (Artificial Intelligence) Camera Market Share Analysis, By Product
    5.3 Global Speech Recognition AI (Artificial Intelligence) Camera Market Size and Forecast, By Product
    5.3.1 Smartphone Cameras
    5.3.2 Surveillance Cameras
    5.3.3 DSLRs
    5.3.4 Others
    6 Global Speech Recognition AI (Artificial Intelligence) Camera Market, By Vertical
    6.1 Y-o-Y Growth Comparison, By Vertical
    6.2 Global Speech Recognition AI (Artificial Intelligence) Camera Market Share Analysis, By Vertical
    6.3 Global Speech Recognition AI (Artificial Intelligence) Camera Market Size and Forecast, By Vertical
    6.3.1 Automotive
    6.3.2 Enterprise
    6.3.3 Consumer
    6.3.4 Banking, Financial Services and Insurance (BFSI)
    6.3.5 Government
    6.3.6 Retail
    6.3.7 Healthcare
    6.3.8 Military
    6.3.9 Legal
    6.3.10 Education
    6.3.11 Others
    7 Global Speech Recognition AI (Artificial Intelligence) Camera Market, By Type
    7.1 Y-o-Y Growth Comparison, By Type
    7.2 Global Speech Recognition AI (Artificial Intelligence) Camera Market Share Analysis, By Type
    7.3 Global Speech Recognition AI (Artificial Intelligence) Camera Market Size and Forecast, By Type
    7.3.1 4K
    7.3.2 8K
    7.3.3 Others
    8 Global Speech Recognition AI (Artificial Intelligence) Camera Market, By Region
    8.1 Global Speech Recognition AI (Artificial Intelligence) Camera Market Share Analysis, By Region
    8.2 Global Speech Recognition AI (Artificial Intelligence) Camera Market Share Analysis, By Region
    8.3 Global Speech Recognition AI (Artificial Intelligence) Camera Market Size and Forecast, By Region
    9 North America Speech Recognition AI (Artificial Intelligence) Camera Market Analysis and Forecast (2022-2027)
    9.1 Introduction
    9.2 North America Speech Recognition AI (Artificial Intelligence) Camera Market Share Analysis, By Product
    9.3 North America Speech Recognition AI (Artificial Intelligence) Camera Market Size and Forecast, By Vertical
    9.4 North America Speech Recognition AI (Artificial Intelligence) Camera Market Size and Forecast, By Type
    9.5 North America Speech Recognition AI (Artificial Intelligence) Camera Market Size and Forecast, By Country
    9.5.1 U.S.
    9.5.2 Canada
    9.5.3 Mexico
    10 Europe Speech Recognition AI (Artificial Intelligence) Camera Market Analysis and Forecast (2022-2027)
    10.1 Introduction
    10.2 Europe Speech Recognition AI (Artificial Intelligence) Camera Market Share Analysis, By Product
    10.3 Europe Speech Recognition AI (Artificial Intelligence) Camera Market Size and Forecast, By Vertical 
    10.4 Europe Speech Recognition AI (Artificial Intelligence) Camera Market Size and Forecast, By Type
    10.5 Europe Speech Recognition AI (Artificial Intelligence) Camera Market Size and Forecast, By Country
    10.5.1 Germany
    10.5.2 France
    10.5.3 UK
    10.5.4 Rest of Europe
    11 Asia Pacific Speech Recognition AI (Artificial Intelligence) Camera Market Analysis and Forecast (2022-2027)
    11.1 Introduction
    11.2 Asia Pacific Speech Recognition AI (Artificial Intelligence) Camera Market Share Analysis, By Product
    11.3 Asia Pacific Speech Recognition AI (Artificial Intelligence) Camera Market Size and Forecast, By Vertical 
    11.4 Asia Pacific Speech Recognition AI (Artificial Intelligence) Camera Market Size and Forecast, By Type
    11.5 Asia Pacific Speech Recognition AI (Artificial Intelligence) Camera Market Size and Forecast, By Country
    11.5.1 China        
    11.5.2 Japan
    11.5.3 India
    11.5.4 Rest of Asia Pacific
    12 Latin America Speech Recognition AI (Artificial Intelligence) Camera Market Analysis and Forecast (2022-2027)
    12.1 Introduction
    12.2 Latin America Speech Recognition AI (Artificial Intelligence) Camera Market Share Analysis, By Product
    12.3 Latin America Speech Recognition AI (Artificial Intelligence) Camera Market Size and Forecast, By Vertical 
    12.4 Latin America Speech Recognition AI (Artificial Intelligence) Camera Market Size and Forecast, By Type
    12.5 Latin America Speech Recognition AI (Artificial Intelligence) Camera Market Size and Forecast, Country
    12.5.1 Brazil
    12.5.2 Rest of Latin America
    13 Middle East Speech Recognition AI (Artificial Intelligence) Camera Market Analysis and Forecast (2022-2027)
    13.1 Introduction
    13.2 Middle East Speech Recognition AI (Artificial Intelligence) Camera Market Share Analysis, By Product
    13.3 Middle East Speech Recognition AI (Artificial Intelligence) Camera Market Size and Forecast, By Vertical 
    13.4 Middle East Speech Recognition AI (Artificial Intelligence) Camera Market Size and Forecast, By Type
    13.6 Middle East Speech Recognition AI (Artificial Intelligence) Camera Market Size and Forecast, By Country
    13.6.1 Saudi Arabia
    13.6.2 UAE
    13.6.3 Egypt
    13.6.4 Kuwait
    13.6.5 South Africa
    14 Competitive Analysis
    14.1 Competition Dashboard
    14.2 Market share Analysis of Top Vendors
    14.3 Key Development Strategies
    15 Company Profiles
    15.1 SAMSUNG
    15.1.1 Overview
    15.1.2 Offerings
    15.1.3 Key Financials
    15.1.4 Business Segment & Geographic Overview
    15.1.5 Key Market Developments
    15.1.6 Key Strategies
    15.2. Sony Corporation 
    15.2.1 Overview
    15.2.2 Offerings
    15.2.3 Key Financials
    15.2.4 Business Segment & Geographic Overview
    15.2.5 Key Market Developments
    15.2.6 Key Strategies
    15.3. Xiaomi 
    15.3.1 Overview
    15.3.2 Offerings
    15.3.3 Key Financials
    15.3.4 Business Segment & Geographic Overview
    15.3.5 Key Market Developments
    15.3.6 Key Strategies
    15.4 Honeywell International Inc. 
    15.4.1 Overview
    15.4.2 Offerings
    15.4.3 Key Financials
    15.4.4 Business Segment & Geographic Overview
    15.4.5 Key Market Developments
    15.4.6 Key Strategies
    15.5 Canon U.S.A., Inc.
    15.5.1 Overview
    15.5.2 Offerings
    15.5.3 Key Financials
    15.5.4 Business Segment & Geographic Overview
    15.5.5 Key Market Developments
    15.5.6 Key Strategies
    15.6 Nikon India Pvt Ltd
    15.6.1 Overview
    15.6.2 Offerings
    15.6.3 Key Financials
    15.6.4 Business Segment & Geographic Overview
    15.6.5 Key Market Developments
    15.6.6 Key Strategies
    15.7 Huawei Technologies Co., Ltd.
    15.7.1 Overview
    15.7.2 Offerings
    15.7.3 Key Financials
    15.7.4 Business Segment & Geographic Overview
    15.7.5 Key Market Developments
    15.7.6 Key Strategies        
    15.8 LG Electronics
    15.8.1 Overview
    15.8.2 Offerings
    15.8.3 Key Financials
    15.8.4 Business Segment & Geographic Overview
    15.8.5 Key Market Developments
    15.8.6 Key Strategies
    15.9 Google
    15.9.1 Overview
    15.9.2 Offerings
    15.9.3 Key Financials
    15.9.4 Business Segment & Geographic Overview
    15.9.5 Key Market Developments
    15.9.6 Key Strategies
    15.10 Hangzhou Hikvision Digital Technology Co., Ltd.
    15.10.1 Overview
    15.10.2 Offerings
    15.10.3 Key Financials
    15.10.4 Business Segment & Geographic Overview
    15.10.5 Key Market Developments
    15.10.6 Key Strategies