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Telemedicine Market Global Trends, Comprehensive Research Study, Development Status, Opportunities, and Growth by Forecast 2026

Telemedicine MarketThe rise in geriatric population and the increasing demand for proper healthcare and medical services to suffice to their needs is boosting the global telemedicine market says Fortune Business Insights in their new study. The study is titled “Telemedicine Market Size, Share and Global Trend By Type (Products, Services), By Application (Teleradiology, m Telepathology, Teledermatology, Telepsychiatry, Telecardiology, Others), By Modality (Store-and-forward (Asynchronous), Real-time (Synchronous), Others), By End User (Healthcare Facilities, Homecare), and Geography Forecast till 2026”. This report highlights all factors driving and restricting the growth of telemedicine market. The information provided in the report is collected from trusted source, within the forecast period of 2019 to 2026.

Request a Sample Copy of Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/telemedicine-market-101067

some of the key players in the global Telemedicine Market:

  • SnapMD, Inc.
  • MDLIVE Inc.
  • Encounter Telemedicine
  • MD
  • MeMD
  • InTouch Technologies, Inc.
  • GlobalMed

Advent of Technology, such as Cardiology and Radiology to Promote Growth of Market

An important factor fueling the demand for telemedicine technology in the world market is the rise in the aged population and their vulnerability towards various health problems.  Expansion of healthcare infrastructure and improving healthcare and medical services are promoting the growth of telemedicine software worldwide. In addition, paying frequent visits to the hospital may also be a hassle, especially when dealing with aged people. Telemedicine provides a platform for treating patients without the need to visit clinics and hospitals.

For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/telemedicine-market-101067

Telemedicine is cost-effective, which is a key factor fueling their demand worldwide. Besides this, the gradual shift from traditional health consultation to teleconsultation is also driving the market. Telemedicine technology has the potential to address the medical needs of the unmet population, therefore, governments are also supporting this software in order to meet the medical needs of their people. Furthermore, the advent of advanced technologies such as radiology, behavioral health, cardiology, and others is expected to boost the telemedicine technology market in the near future.

Teladoc Health, American Well, and Doctor On Demand Hold Strong Foothold in the Global Market

Doctor On Demand, Teladoc Health, and American Well are enjoying stronghold in the global telemedicine market. Leading companies are focusing on strategies such as company collaboration with domestic players, and mergers and acquisitions to gain a competitive advantage in the market. Some of the other companies functioning in the global market are, SnapMD, Inc., MDLIVE Inc., Encounter Telemedicine, 2nd.MD, MeMD, InTouch Technologies, Inc., GlobalMed, and others.

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Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

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Immunology Market Global Growth, Size, Share, Demand, Trends and Forecasts to 2026

The Global Immunology Market is likely to expand in the coming years driven by the high prevalence of immunological disorders, resulting from environmental factors. According to a report published by Fortune Business Insights, titled “Immunology Market: Global Market Analysis, Insights and Forecast, 2019-2026,” the market was valued at US$ 77,365.4 Mn in 2018. Fortune Business Insights has predicted that the market will reach US$ 143,833.2 Mn by 2026 and will exhibit a CAGR of 8.1%.

Request a Sample Copy of Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/immunology-market-100657

some of the key players in the global Immunology market:

  • AbbVie Inc.
  • Janssen Global Services,
  • LLC (Johnson & Johnson)
  • Hoffmann-La Roche Ltd
  • Amgen Inc.
  • Pfizer Inc
  • Novartis
  • Astellas
  • Bristol-Myers Squibb Company
  • Merck Sharp & Dohme Corp.
  • UCB SA

Browse Complete Report Details by Fortune Business Insights: https://www.fortunebusinessinsights.com/industry-reports/immunology-market-100657

AbbVie Gains FDA Approval of SKYRIZI; Product to Witness High Demand in No Time

The global immunology market has gained impetus from the availability of several regulatory approved drugs. The approval of new drugs and the trends of improvements in clinical efficiencies will bode well for the global immunology market. In 2019, AbbVie received approval from the Food and Drug Administration (FDA) for the usage of ‘SKYRIZI’. The drug was aimed at the treatment of moderate to severe plaque psoriasis. This drug was inclined towards the treatment of adults diagnosed with psoriasis and have been recommended for or undergoing therapy. The drug is likely to gain huge popularity among healthcare professionals and its high clinical efficacy will fuel the demand in the coming years.

Besides product launches and drug approvals, Fortune Business Insights assesses several other factors that have made significant growth contributions to the global immunology market. Companies are encouraged by the growing usage approvals by regulatory authorities across the world. Several company mergers and acquisitions have also accounted for growth of the global immunology market.

Major Segmentation:

By Drug Class: Monoclonal antibody (mAb), Fusion Proteins, Immunosuppressants, Polyclonal antibody (pAb), and Others

By Disease Indication: Rheumatoid Arthritis, Psoriatic Arthritis, Plaque Psoriasis, Ankylosing Spondylitis, Inflammatory Bowel Disease, Prophylaxis of Organ Rejection, and Others

By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies, and Others

By Geography: North America (U.S., and Canada), Europe (Germany, U.K., France, Italy, Spain, Scandinavia, and Rest of Europe), Asia Pacific (China, India, Japan, Australia, South East Asia, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America), and Middle East & Africa (GCC, South Africa, and Rest of Middle East & Africa)

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About Us:

Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

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Dermal Fillers Market Global Size, Share, Supply, Demand, Segments, Trends and Forecast 2026

Dermal Fillers MarketThe rising demand for minimally-invasive procedures aiding the growth of the global dermal fillers market.  Fortune Business Insights in a new report, titled “DERMAL FILLERS: GLOBAL MARKET ANALYSIS, INSIGHTS AND FORECAST, 2019-2026” suggests that the global market will rise at a CAGR of 7.8% during the forecast period, 2019-2016. The growing awareness about dermal fillers treatment in developed as well as developing countries will help the market reach US$ 6,303.2 Mn by 2026. Furthermore, the global market was worth US$ 3,471.5 Mn in 2018. According to the American Society of Plastic Surgeons (ASPS), over 15.9 million people in the U.S. underwent minimally-invasive cosmetic surgical procedures in the year 2015. The increasing efficiency of dermal fillers is encouraging the next-generation people to invest in these surgeries.

Request a Sample Copy Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/dermal-fillers-market-100939

some of the key players in the global Dermal Fillers Market:

  • BioPlus Co., Ltd.
  • Galderma laboratories
  • Bioxis pharmaceuticals
  • Suneva Medical
  • Korman
  • Sinclair Pharma
  • ALLERGAN
  • Merz Pharma
  • CANDELA CORPORATION

Dermal filler procedures help to treat different skin related concerns such as minimizing the appearance of wrinkles and lines. It also adds fullness to areas which have thinned with aging.

For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/dermal-fillers-market-100939

North America Leads Gains Owing to Growing Demand for Advanced Dermal Fillers

In 2018, the market in North America was worth US$ 1,596.8 Mn. Driven by the growing demand for innovative and advanced dermal fillers, the region is expected to lead global market through the forecast years. As per a study conducted by ASPS, more than 2 million people in the U.S. underwent hyaluronic acid procedures. Increasing awareness about soft tissue fillers treatment in the U.S. is expected to drive the market in North America. Extensive availability of products in this region is positively impacting the growth of the market.

Apart from North America, the market in Asia Pacific is also growing substantially in the forecast years. The rising demand for aesthetics in China and India is creating growth opportunities for the market in Asia Pacific. In addition to this, the awareness about effectiveness of dermal fillers for acne scars, lips, and cheeks is increasing gradually, which is driving the market in this region. Key market leaders in India and China are adopting strategies such as new product launches, augmenting demand for dermal fillers.

Demand for Dermal Fillers to Rise Among Millennials Propelling Growth in the Market

Growing aging population across the world positively impacts the growth of the market. Increasing number of aged people are undergoing dermal filler therapy to uplift drooping skin and restore lost volume. Continuous support from governments to R&D initiatives and recent regulatory approvals will spur growth in the market.

“The dermal fillers market is driven not only by the relative longevity of tissue fillers, but it is also predominantly driven by increasing safety profiles,” said a lead analyst at Fortune Business Insights. “Market players are constantly focusing on innovating and upgrading their product portfolio to ensure accurate and improved aesthetic outcomes for patients,” he added.  Driven by continuous innovations and advancements, even millennials find dermal filler treatment appealing. This will further fuel demand for dermal fillers in the forecast period.

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About us:

Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

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Blood Glucose Meter Market Global Share, Trends, Companies Profile, Competitive Landscape and Key Regions 2026| Fortune Business Insights

Blood Glucose Meter Market The global Blood Glucose Meter market is likely to expand considerably in the coming years due to advent of non-invasive devices. According to a report published by Fortune Business Insights, titled “Blood Glucose Meter: Global Market Analysis, Insights and Forecast, 2019-2026,” the market was valued at US$ 7,419.0 Mn in 2018. Fortune Business Insights states that this market is likely to reach US$ 15,415.6 Mn by 2026, thereby exhibiting a CAGR of 9.6%.

Request a Sample Copy Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/blood-glucose-meters-market-100770

some of the key players in the global Blood Glucose Meter Market:

  • Hoffmann-La Roche Ltd
  • Dexcom, Inc.
  • Braun Melsungen AG
  • Medtronic
  • Lifespan Inc.
  • Ascensia Diabetes Care Holdings AG.
  • Terumo Medical Corporation
  • Abbott
  • Sanofi

In this report, Fortune Business Insights has indicated that the market will grow in the near future due to the increasing demand and the subsequently rising uptake of blood glucose meters. Increasing incidence of diabetes has been a leading factor that is responsible for the surge in demand of blood glucose meters. According to the International Diabetes Federation (IDF), in 2017, around 425 million people suffered from diabetes, worldwide. Furthermore, it also states that this number is likely to reach 629 million by the year 2045. High prevalence of diabetes, combined with the accuracy of digital Blood Glucose Meter in detecting blood pressure and sugar levels are driving the global Blood Glucose Meter market.

For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/blood-glucose-meters-market-100770

Abbott’s Freestyle Libre Flash Glucose Monitoring Device Receives FDA Approval

In 2017, Abbott received clearance from the Food and Drug Administration for its Libre Flash device. The device was approved for patients with type 1 and type 2 diabetes, after a series of successful clinical trials. The blood glucose meter’s accuracy is expected to result in huge demand in the coming years. Abbott’s latest device is likely to bolster growth of the global Blood Glucose Meter market and is likely to favor growth of the market in the forthcoming years.

Some of the leading companies operating in the global Blood Glucose Meter market are F. Hoffmann-La Roche Ltd, Dexcom, Inc., B. Braun Melsungen AG, Medtronic, Lifespan Inc., Ascensia Diabetes Care Holdings AG., Terumo Medical Corporation, Abbott, Sanofi and DiaMonTech GmbH.

Launch of DiaMonTech’s IR-based Blood Glucose Meter to Spur Growth Opportunities

Conventional Blood Glucose Meter involved the need for invasive techniques for diagnosis. The most commonly used methods involved taking blood samples with the help of needle pricks in fingers. The needle prick method was painful for many users and it caused discomfort to some. Therefore, there has been a constant need for an alternative to the invasive devices for continuous glucose monitoring. In 2018, DiaMonTech announced the launch of a compact blood glucose meter. The device performed on an infra-red technology that is used to count the glucose molecules. This product is likely to transform existing blood glucose monitoring techniques and is likely to witness high demand from around the world. The advent of non-invasive devices is likely to induce growth in the global Blood Glucose Meter market.

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Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

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Adult Malignant Glioma Therapeutics Market Will Exhibit A CAGR of 9.3%; Increasing Cases Of Brain Tumors Will Aid Growth, says Fortune Business Insights

Adult Malignant Glioma Therapeutics MarketIncreasing Prevalence of malignant glioma is a key factor driving the adult malignant glioma therapeutics market, says Fortune Business Insights in a report, titled “Adult Malignant Glioma Therapeutics Market Size, Share and Industry Analysis Product By Therapy (Chemotherapy, Radiotherapy, Targeted therapy) By Disease (Glioblastoma Multiforme, Anaplastic Astrocytoma, Anaplastic Oligodendroglioma) By End User, and Regional Forecast 2019-2026.” The global adult malignant glioma therapeutics market size was valued at USD 1,459.1 Million in 2018, is projected to reach USD 2,964.5 Million by the end of 2026, exhibiting a CAGR of 9.3%.

Request a Sample Copy Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/adult-malignant-glioma-therapeutics-market-100572

According to the report, the increasing cases of brain tumors around the world is expected to fuel demand for adult malignant glioma therapeutics. As per, atlasgeneticsoncology.org, gliomas account for 70% of all the brain tumors. Out of which, 65% of were glioblastoma. It also states, around 3% of glioblastoma patients were still alive after 5 years of diagnosis, higher age being the most significant predictor of poor outcome. In addition, during 1992-1997 in the United States, the incidence rate per 100,000 people per year adjusted to 2000 and the incidence rates in Zurich, Switzerland in 1980-1994.

Some of Prominent Companies Operating In Market Are:

  • Merck & Co., Inc.
  • Hoffmann-La Roche Ltd
  • Arbor Pharmaceuticals
  • Pfizer Inc.
  • AbbVie Inc.
  • Amgen Inc.
  • Bristol-Myers Squibb Company
  • Sun Pharmaceutical Industries Ltd.
  • Teva Pharmaceutical Industries Ltd

For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/adult-malignant-glioma-therapeutics-market-100572

Government Regulatory Policies Will Favor Growth 

The increasing advancements in imaging technologies have led to early detection of the disease. This factor is expected to accelerate the growth of the market. The regulatory policies and government support for the development of novel therapies is likely to boost the market growth.  The increasing R&D investment by key players for the development of glioma therapies will create growth opportunities for the market. Furthermore, the targeted therapies segment is predicted to account for high shares during the forecast period owing to the advancement in drug development which, results in the successful applications of targeted therapies to improve the survival rate.

Targeted therapies are commonly used in the treatment of gliomas such as EGFR-targeted therapies, which target the tyrosine kinases receptors and others. In terms of end-user, the hospital segment will account for maximum shares during the forecast period owing to the increasing patient population and high hospital admissions

  1. Hoffmann-La Roche Ltd and Merck & Co., Inc. Will Contribute Positively To the Market

Merck & Co., Inc.’s an American multinational pharmaceutical company. One of the leading products of the company is named temodar and internationally as temodal. The company has a well-established footprint across the major markets. Moreover, its strategies to expand in the emerging economies are making the company leader in the glioma therapeutics. F. Hoffmann-La Roche Ltd dominates the adult malignant glioma therapeutics market with its leading product Avastin, approved for the treatment of malignant glioma due to strong clinical pieces of evidence supporting treatment merits.

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About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

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Video on Demand Market Demand, Indepth Analysis And Estimated Revenue Forecast Till 2026

The Video On Demand Market is forecast to gain from rapid penetration of the Internet in undeveloped nations. Fortune Business Insights has recently published a report, titled “Video On Demand Market Size, Share and Global Trend by Technology (SVOD, TVOD, AVOD), Content Type (Sports, Music, TV Entertainment, Kids, Movies), and Geography Forecast till 2025,” which offers an executive-level blueprint of the market. The report has pegged the overall value of the global video on demand market stood at US$ 43.9 Bn in 2017. However, progressing at a CAGR of 9% the market is expected to reach a valuation of US$ 87.1 Bn by the end of 2025.

Browse Complete Report Details: https://www.fortunebusinessinsights.com/industry-reports/video-on-demand-market-100140

Top Key Players Mentioned:

  • Amazon Inc.
  • Hulu LLC
  • Verizon Communication LLC
  • Apple Inc.
  • Netflix Inc.
  • Ericsson Television
  • YouTube
  • Comcast Corp
  • Hotstar
  • Canalplay

Additionally, the video on demand market in North America was worth US$ 16.2 Bn in 2017. North America also held the highest share in the global video on demand market in 2018 and is forecast to witness impressive growth through the course of the forecast period 2018-2025. The increasing demand for video on demand services in the region, coupled with the presence of a high number of service providers are expected to facilitate expansion of the market.

Besides this, the video on demand market in Asia Pacific holds a lot of potential and is projected to expand at a relatively high CAGR over the forecast period. The increasing adoption of smart TV, smartphones, and others is likely to fuel the demand for video on demand services in the region, thus aiding its expansion in Asia Pacific.

The report also classifies the global video on demand market in various segments. In terms of technology, subscription video on demand (SVOD) held the highest share in the global market in 2017. The segment is expected to expand at a CAGR of 8% during the forecast period. The growth witnessed in this segment is attributable to SVOD’s distinct features such as unlimited content access, minimal or no advertisements, and others.

Get PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/video-on-demand-market-100140

Major Table of Content:

  1. Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology and Assumptions
  2. Executive Summary
  3. Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  4. Key Insights
    • Global Market Overview
    • Macro and Micro Economic Indicators
    • Emerging Market Trends
    • Industry SWOT Analysis
  5. Global Video On Demand Market Analysis, Insights and Forecast, 2014-2025
    • Definitions
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Technology
      • SVOD
      • TVOD
      • AVOD
    • Market Analysis, Insights and Forecast – By Content Type
      • Sports
      • Music
      • TV Entertainment
      • Kids
      • Movies
      • Others
    • Market Analysis, Insights and Forecast – By Geography

TOC Continued…!

Speak to Analyst: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/video-on-demand-market-100140

Netflix and Tata Sky Collaborated to Cater India Video on Demand Market

One of the key factors anticipated to drive the global video on demand market is the increasing user-base of various online platforms and cheaper data plans. Additionally, collaboration among video on demand service providers is also anticipated to propel the demand in the global video on demand market. For instance, Netflix collaborated with Tata Sky (an Indian DTH service provider) to cater the market for video on demand in India. Owing to the collaboration Tata Sky subscriber can receive worldwide quality content on demand. Such collaborations are expected to bode well for the market and help video on demand service providers capitalize on untapped opportunities.

“Governments initiated awareness programs encouraging Internet penetration in undeveloped nations of Africa, Latin America, and others are likely to fuel the demand for video on demand service,” said a lead analyst at Fortune Business Insights.

The growing demand for instant satisfaction of entertainment needs among customer will act as a dominant force boosting the global video on demand market.

However, higher data tariff prices and lack of awareness about video on demand’s existence are major factors that may hamper the growth in the global video on demand market.

Increasing Inflow of Market Players to Boost the Market

Netflix and Amazon Prime are among the leading players in global video on demand market. Besides these, other organizations operating in the global video on demand market are Hulu LLC, Verizon Communication LLC, Apple Inc., Telefonaktiebolaget LM Ericsson (Ericsson Television), YouTube, Comcast Corp, Hotstar and Canalplay.

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Speech and Voice Recognition Market Analysis, Insights And Geography Forecast Till 2025 | Fortune Business Insights

The advent of advanced technologies in diverse industries such as healthcare, banking, medicine, and others in promoting the growth of the global speech and voice recognition market says Fortune Business Insights in their new study. The study is titled “Speech and Voice Recognition Market Size, Share and Global Trend By Component (Solution, Services), By Technology (Voice Recognition, Speech Recognition), By Deployment (On-Premises, Cloud), By End-User (Healthcare, IT and Telecommunications, Automotive, BFSI, Government, Legal, Retail, Travel and Hospitality and Others) and Geography Forecast till 2026”. The report offers a comprehensive market overview, covering the most significant trends prevalent in the global market. It presents insights into the key growth drivers and restraints influencing the speech and voice recognition market growth trajectory.

Browse Complete Report Details – https://www.fortunebusinessinsights.com/industry-reports/speech-and-voice-recognition-market-101382

As per the report, the global speech and voice recognition market, which was valued at US$ 6,892.9 Mn in 2018, is projected to rise at a CAGR of 19.8% and reach a value of US$ 28,335.3 Mn by the end of 2026. Based on deployment, the cloud-based segment will dominate the market in the future because it is an advanced tool for business. It also offers multiple functions such as multilingual technology for audio segmentation, speech recognition, speaker digitization for switching raw audio data and audio-visual data into the desired format, along with language identification, and others.

Top Key Players:

  • Google
  • Baidu
  • Facebook
  • Amazon
  • Advanced Voice Recognition Systems
  • Apple Inc
  • IBM
  • Microsoft
  • Brianasoft
  • Voicebox Technologies Corporation
  • Fulcrum Biometrics
  • Neurotechnology
  • M2SYS Technology
  • Sensory Inc.
  • VoiceBase
  • Auraya
  • VoiceTrust
  • Nuance Communications
  • Raytheon Company

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“Voice Controlled Devices to find Application in Various Sectors”

Various factors are responsible for the growth of the global speech and voice recognition market. Speech and voice recognition helps to recognize phrases or words and converts them to a machine-readable format. Users can control devices with the help of speech and voice as the audio and text received by such devices automatically gets converted into a machine-friendly format, making it easier for humans to operate devices without having to indulge time and effort by operating other devices such as a mouse, keyboard, and others. This is a major factor promoting the growth of the global speech and voice recognition market and anticipated to continue doing the same during the forecast period.

Voice-controlled systems are increasingly used  in smart cars, smart speakers, and other applications. Voice-controlled and speech-recognition systems are applicable in several industries such as the smartphone industry, assistance applications, embedded devices, dictation appliances, and others. As per the Adobe Analytics Survey, voice recognition used on smart speakers and smartphones today, are mostly used for searching music, fun questions followed by online search, maps and directions, weather forecast, news, and others. This indicates a remarkable speech and voice recognition market growth in the forecast duration.

However, the market may face rough waters in terms of lack of speech or voice accuracy and impaired speech. Such problems may not help the devices recognize command over voice or speech, and this may cause hindrance to the speech and voice recognition market revenue in the forecast duration.

Nevertheless, voice and speech recognition can be installed in other electronic devices such as mixers, and grinders, thermostats, refrigerators, and others in future and this is anticipated to create lucrative growth opportunities for the global market in the long run.

Speech and Voice Recognition Market Segmentation:

  1. By Component
    • Solution
    • Services
  2. By Technology
    • Voice Recognition
    • Speech Recognition
  3. By Deployment
    • Cloud
    • On-Premises
  4. By End-User
    • Healthcare
    • IT and Telecommunications
    • Automotive
    • BFSI
    • Government
    • Legal
    • Retail
    • Travel and Hospitality
    • Others
  5. By Geography
    • North America (USA and Canada)
    • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
    • Asia Pacific (China, India, Japan, Australia, Southeast Asia and Rest of Asia Pacific)
    • Latin America (Mexico, Brazil and Rest of Latin America)
    • Middle East & Africa (GCC, South Africa and Rest of the Middle East & Africa)

Major Table of Contents:

  1. Introduction
    • Definition, By Segment
    • Research Approach
    • Sources
  2. Executive Summary
  3. Market Dynamics
    • Drivers, Restraints and Opportunities
    • Emerging Trends
  4. Key Insights
    • Macro and Micro Economic Indicators
    • Consolidated SWOT Analysis of Key Players
  5. Global Speech and Voice Recognition Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Size Estimates and Forecasts
      • By Component (Value)
        • Solution
        • Services
      • By Technology (Value)
        • Voice Recognition
        • Speech Recognition
      • By Deployment Type (Value)
        • Cloud
        • On-Premises
      • By End-User (Value)
        • Healthcare
        • IT and Telecommunications
        • Automotive
        • BFSI
        • Government
        • Legal
        • Retail
        • Travel and Hospitality
        • Others
      • By Geography (Value)
        • North America
        • Europe
        • Asia Pacific
        • Middle East and Africa
        • Latin America
  1. North America Speech and Voice Recognition Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Size Estimates and Forecasts

TOC Continued…!

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“North America to Remain Dominant with Large Scale Deployment of Smart Devices”

Geographically, the highest speech and voice recognition market revenue was registered in North America. The North America market was valued at US$ 2934.5 Mn in 2018. This is owing to the large scale deployment of smart devices and surge in adoption of technologically advanced devices such as IoT and AI that is compelling people in the U.S.  and Canada to opt for voice recognition devices. An estimate of one-third of people in developed nations such as the U.S. is anticipated to use voice recognition devices in the near future. Another factor helping the North America market to continue its dominance in the coming years is the presence of major company bases such as Raytheon BBN, AT & T, and others in its developed nations.

“Leading Players are Launching Personal Assistant Devices with Voice Recognition Technology to Gain Competitive Advantage”

Several companies in the global speech and voice recognition market are focussing on different strategies to remain competitive in the market. These strategies include company collaborations, mergers and acquisitions, and most importantly, new product launches.  For Instance, Nuance Communication Inc., the company launched its assistance system namely Dragon Drive, that can integrate multiple devices such as cars, different household appliances, and others. This will provide real-time alerts and reminders to people about traffic updates, working schedules, daily chores, and others through Dragon Drive. Such innovations are likely to bode well for the global speech and voice recognition market in the foreseeable future.

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