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Publication: May 2024
Report Type: Niche Report
Report Format: PDF DataSheet
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

Report Format: PDF DataSheet |   Pages: 160+  

 May 2024   

Asia Pacific AI Speech Recognition Market Snapshot

Asia Pacific AI Speech Recognition Market

  • 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