The demand for real-time speech analytics and voice biometrics is driving the development of the speech recognition industry. This has led multiple organizations to adopt voice-activated systems and virtual voice assistants. According to estimates, the speech recognition industry is expected to exceed US$10 billion by 2028. (see diagram).
There is a growing demand for voice-enabled devices for the smart home, such as smart TVs, vacuum cleaners, and voice-controlled Wi-Fi smart thermostats developed by Amazon Echo, Honeywell, and others. Such devices make it easier to work at home.
New innovations in voice technology continue to transform the industry. For example, voice-driven mobile his applications are increasing to save people from complicated navigation. Currently, the largest users of voice assistants are smartphone owners.
As government agencies focus on improving data and cybersecurity, the demand for voice recognition is also increasing. On this front, safety and security leverage personalized authentication to help reduce fraud.
Below are some of the current trends in this market.
Speech Recognition in Consumer Electronics
Home appliances such as TVs, refrigerators, washing machines, fans, and lights are getting “smarter” every day with the integration of voice recognition. One example is the new GE Profile Top Load 900 series washing machine with Amazon Alexa built-in. Amazon Voice Assistant is used with GE appliances that can play music and tell jokes.
Also, for example, if you have a bad stain on your shirt and need help removing it, you can search online for answers. The company says it seeks to provide customers with a personalized experience.
A feature of the voice-activated machine is that it can respond to commands such as “wash cotton clothes,” “remove pen ink,” and “wash whites,” with “I’m optimizing the washing machine.” Essentially, companies offer their customers hands-free control of their washing machines.
friendly smart car
Over the years, cars and the technology embedded in them have grown together. Most cars come with many features, but using them while driving can be a distraction. Therefore, more and more companies are looking to integrate speech recognition capabilities.
Toyota recently developed a voice assistant as part of its “Toyota Connected” technology. The company has launched a new in-car “intelligent assistant” that follows the driver’s instructions. An advanced voice assistant learns your commands and gets smarter over time. For example, if the driver wants to grab a coffee, the assistant will show a map of all his coffee shops nearby.
Speech recognition for children
Sensory, a leader in edge AI, recently unveiled a speech recognition model customized for children. Specially made to understand children’s voices and language patterns. This technology can be used in toys, children’s wearables, and EdTech. However, the very limited training data available makes speech recognition for children a very tedious task.
Sensory’s new voice recognition for kids has been integrated by Generalplus Technology, a global supplier of integrated circuits for toys and voice. Toys are also in high demand from customers. We expect to see more innovations like this in the speech recognition market.
Conclusion
Every industry wants to add a personal touch to their products and services, and voice recognition does just that. Many sectors are using this feature as an additional security benefit. Therefore, expect to see more of his AI voice recognition assistants similar to Alexa, Siri and Google in the coming years.
