One of Many Reasons Tech Stocks are Zeroing in on Artificial Intelligence (AI) Opportunities in Flourishing Multi-Billion Market
NVIDIA Corporation (NVDA)
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Source: PR Newswire
PALM BEACH, Florida, Nov. 19, 2019 /PRNewswire/ -- In the vast and wide open Artificial Intelligence (AI) industries, a great example of many showing growth in this sector is speech recognition technologies which are increasingly being recognized as cost-effective and convenient mechanisms to control several types of connected smart homes devices, cars, and other smart technologies. Continually growing consumer interest towards adoption of voice-enabled devices is driving the interest of several established players and start-ups towards developing consumer-centric solutions for this market. Increasing demand for voice-enabled security systems, specifically in the banking, financial services, and insurance (BFSI) sector is driving the growth in the voice recognition technologies market. A recent report from Meticulous Research® found that: "The global speech and voice recognition market is expected to grow at a CAGR of 17.2% from 2019 to reach $26.79 billion by 2025, where Asia Pacific
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