Asia Pacific Speech Recognition Market | Analysis 2019-2032

Asia Pacific Speech Recognition Market Analysis, Size, and Forecast by Components, Deployment Model, Value Proposition, Functionality, End Users, and Country: 2019-2032

Avalibale Format*:   Pivot  |  ReportID: AI42324  |  Coverage: REGIONAL | Type: DataBook
Category: Information Technology  |  Sub-Category: Artificial Intelligence
Published Date: May 2024   

Asia Pacific Speech Recognition Market Snapshot

Asia Pacific Speech Recognition Market


  • In 2023, the projected revenue in the Asia Pacific speech recognition market in Asia Pacific is estimated to reach US$ 3.34 Billion.
  • Asia Pacific 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 speech recognition market in India is anticipated to generate the highest revenue in 2024.

Asia Pacific 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 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

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