Publication: May 2024
Report Type: Niche Report
Report Format:
Report ID: AI42324
Pages: 160+
Asia Pacific AI Speech Recognition Market Analysis, Size, and Forecast by Components, Deployment Model, Value Proposition, Functionality, End Users, and Country: 2019-2032
May 2024
Asia Pacific AI Speech Recognition Market Snapshot
- In 2023, the projected revenue in the Asia Pacific AI speech recognition market in Asia Pacific is estimated to reach US$ 3.34 Billion.
- Asia Pacific AI speech recognition market is projected to expand at a CAGR of 16.1% throughout the forecast period to reach US$ 13.43 Billion in 2032.
- Contribution by the software sub-segment to overall segment revenue is expected to surge to US$ 2.16 Billion by 2024.
- The media and entertainment sector was the largest end-user vertical for prominent speech recognition players in 2023, with 52.7% market share.
- Furthermore, when compared with Asian countries, the AI speech recognition market in India is anticipated to generate the highest revenue in 2024.
Asia Pacific AI Speech Recognition Industry Coverage
|
Analysis Period |
2019-2032 |
|
Actual Data |
2019-2023 |
|
Base Year |
2023 |
|
Estimated Year |
2024 |
|
CAGR Period |
2024-2032 |
|
Research Scope |
|
|
Components |
Hardware |
|
Software |
|
|
Services |
|
|
Deployment Model |
Cloud-based |
|
On-premise |
|
|
Value Proposition |
Open & Integrable Solutions |
|
Customizable & Tailored Solutions |
|
|
Functionality |
Real-Time Speech Processing |
|
High-Fidelity Speech-to-Text |
|
|
Multi-Language Machine Translation |
|
|
Domain-Specific Language Translation |
|
|
Others |
|
|
End Users |
IT and Telecom |
|
Media and Entertainment |
|
|
Energy and Power |
|
|
Transportation and Logistics |
|
|
Healthcare |
|
|
BFSI |
|
|
Retail |
|
|
Manufacturing |
|
|
Public Sector |
|
|
Other |
Asia Pacific AI Speech Recognition Market: Country Coverage
|
Countries Covered |
|
|
Asia Pacific |
Japan |
|
Australia |
|
|
China |
|
|
South Korea |
|
|
India |
|
|
Malaysia |
|
|
Hong Kong |
|
|
Indonesia |
|
|
New Zealand |
|
|
Rest of Asia Pacific |
|
|
Thailand |
|
|
Vietnam |
|
|
Philippines |
|
|
Taiwan |
|
|
Singapore |
Global AI Facial Recognition Market | Analysis 2019-2032
- Report ID: AI42219 | Coverage: Global |
- Category: Information Technology | Sub-Category: Artificial Intelligence |
- Published Date: May 2024 | US$2,945 |
Global AI Image Recognition Market | Analysis 2019-2032
- Report ID: AI42275 | Coverage: Global |
- Category: Information Technology | Sub-Category: Artificial Intelligence |
- Published Date: May 2024 | US$2,945 |
Global AI Speech Recognition Market | Analysis 2019-2032
- Report ID: AI42320 | Coverage: Global |
- Category: Information Technology | Sub-Category: Artificial Intelligence |
- Published Date: May 2024 | US$2,945 |
North America AI Speech Recognition Market | Analysis 2019-2032
- Report ID: AI42321 | Coverage: Regional |
- Category: Information Technology | Sub-Category: Artificial Intelligence |
- Published Date: May 2024 | US$1,345 |
Western Europe AI Speech Recognition Market | Analysis 2019-2032
- Report ID: AI42322 | Coverage: Regional |
- Category: Information Technology | Sub-Category: Artificial Intelligence |
- Published Date: May 2024 | US$1,345 |
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