Global AI Speech-based NLP Market Size and Forecast by Technology, Deployment Model, Industry, Organization Size, Application, and Region: Statistics | 2019-2032

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AI Speech-based NLP Market Growth and Performance

Key Takeaways:

• In 2023, the global AI speech-based NLP market size reached US$ 16.87 Billion, witnessing a YoY growth of 30.3%.
• The market is projected to experience a significant upsurge in market revenue, reaching US$ 123.72 Billion by the end of 2032.
• In terms of growth, the global AI speech-based NLP market is anticipated to expand at a CAGR of 24.4% between 2024 and 2032.
• The automatic speech recognITion (asr) segment is projected to experience a significant upsurge in market revenue, reaching US$ 46.39 Billion by the end of 2032.
• The AI speech-based NLP market is expected to witness an absolute dollar opportunity of US$ 106.86 Billion between 2024 and 2032.
• Among the diverse regions within this market, Asia Pacific AI speech-based NLP market took the lead, reaching a market value of US$ 6.19 Billion in 2023.
• The fastest growing market among regions is Latin America, experiencing a CAGR of 32.7% between 2024 and 2032.
• While all the leading countries are still important, US ruled as the leading market in the global AI speech-based NLP industry in 2023.
• Among the diverse end users, IT and telecom was the largest end-user vertical in terms of spending in the market in 2023.

AI Speech-based NLP Market Scope

AI Speech-Based NLP Industry: Regional Coverage