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Global AI Speech Recognition Market Analysis, Size, and Forecast by Components, Deployment Model, Value Proposition, Functionality, End Users, and Region: 2019-2032

  May 2024   | Format: PDF DataSheet |   Pages: 400+ | Type: Sub-Industry Report |   

 

Global AI Speech Recognition Market Snapshot

Global AI Speech Recognition Market

  • The global AI speech recognition market is estimated to reach US$ 11.40 Billion in 2024, witnessing a YoY growth of 20.5%.
  • The software segment is projected to experience a significant upsurge in market revenue, reaching US$ 19.53 Billion by the end of 2032.
  • In terms of growth, the global AI speech recognition market is anticipated to expand at a CAGR of 13.9% between 2024 and 2032.
  • The market is expected to witness an absolute dollar opportunity of US$ 22.75 Billion between 2024 and 2032.

Global AI Speech Recognition Industry Coverage

Analysis Period

2019-2032

  

Actual Data

2019-2023

  

Base Year

2024

  

Estimated Year

2024

  

CAGR Period

2024-2032

  
 

Research Scope

  

Components

Hardwar

  

Softwar

  

Service

  

Deployment Model

Cloud-base

  

On-premis

  

Value Proposition

Open & Integrable Solution

  

Customizable & Tailored Solution

  

Functionality

Real-Time Speech Processin

  

High-Fidelity Speech-to-Tex

  

Multi-Language Machine Translatio

  

Domain-Specific Language Translatio

  

Other

  

End Users

IT and Telecom

  

Media and Entertainment

  

Energy and Power

  

Transportation and Logistics

  

Healthcare

  

BFSI

  

Retail

  

Manufacturing

  

Public Sector

  

Other

  

Companies Covered

Speechmatics, Amazon Web Services (AWS), SoapBox Labs, Otter.ai, Verbit, Mobvoi, Nuance Communications, iFLYTEK, Sensory, and Uniphor

  
 
 
 
 

Global AI Speech Recognition Market: Regional Coverage

 

Regional Scope

North America

U.S

Canad

Mexic

Western Europe

U

German

Franc

Ital

Spai

Benelu

Nordic

Rest of Western Europ

Eastern Europe

Russi

Polan

Rest of Eastern Europ

Asia Pacific

Japa

Australi

Chin

South Kore

Indi

Malaysi

Hong Kon

Indonesi

New Zealan

Rest of Asia Pacifi

Thailan

Vietna

Philippine

Taiwa

Singapor

Latin America

Brazi

Per

Colombi

Chil

Rest of Latin Americ

MEA

Israe

South Afric

Saudi Arabi

United Arab Emirate

Qata

Kuwai

Oma

Turke

Nigeri

Keny

Zimbabw

Rest of ME

*Research Methodology: This report is based on DataCube’s proprietary 3-stage forecasting model, combining primary research, secondary data triangulation, and expert validation. [Learn more]

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