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
