Publication: June 2024
Report Type: Niche Report
Report Format:
Report ID: AI42564
Pages: 110+
India AI Speech-based NLP Market Analysis, Size, and Forecast by Technology, Deployment Model, Industry, Organization Size, and Application: 2019-2032
June 2024
India AI Speech-based NLP Market Growth and Performance
- 2023 saw the India AI speech-based NLP market size rose to US$ 304.2 Million, marking a 45.7% YoY growth.
- DataCube Research foresees, the AI speech-based NLP market in India is set to make significant strides on the global stage, with projected revenue reaching US$ 5.52 Billion by 2032. Moreover, our analysis indicates a promising trajectory, an anticipated CAGR of 37.5% from 2024 to 2032.
- Within the Indian AI speech-based NLP market, our research highlights the dominance of the automatic speech recognition (ASR) segment, which claimed the largest market share of 36.9% in 2023. This underscores the segment's robust position and potential for continued growth.
- In our projections, we also pay close attention to end user dynamics. We anticipate the healthcare sector to emerge as a key driver of growth, expanding with a fastest CAGR of 40.0% during the forecast period spanning 2024 to 2032.
India AI Speech-based NLP Market Scope
|
Analysis Period |
2019-2032 |
|
Actual Data |
2019-2023 |
|
Base Year |
2023 |
|
Estimated Year |
2024 |
|
CAGR Period |
2024-2032 |
|
Research Scope |
|
|
Technology |
Automatic Speech Recognition (ASR) |
|
Natural Language Understanding (NLU) |
|
|
Language Generation and Synthesis |
|
|
Speaker Recognition and Diarization |
|
|
Deployment Model |
On-premise |
|
Cloud-based |
|
|
Hybrid |
|
|
Industry |
IT and Telecom |
|
Media and Entertainment |
|
|
Energy and Power |
|
|
Transportation and Logistics |
|
|
Healthcare |
|
|
BFSI |
|
|
Retail |
|
|
Manufacturing |
|
|
Public Sector |
|
|
Other |
|
|
Organization Size |
Large Enterprises |
|
Mid Enterprises |
|
|
Small Enterprises |
|
|
Application |
Customer Service and Support |
|
Virtual Assistants and Chatbots |
|
|
Transcription and Voice-to-Text |
|
|
Voice Command and Control |
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- Report ID: AI42441 | Coverage: Country |
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India AI Text-based NLP Market Size | 2019-2032
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Global AI Speech-based NLP Market Size | 2019-2032
- Report ID: AI42505 | Coverage: Global |
- Category: Information Technology | Sub-Category: Artificial Intelligence |
- Published Date: June 2024 | US$2,945 |
Asia Pacific AI Speech-based NLP Market Size | 2019-2032
- Report ID: AI42509 | Coverage: Regional |
- Category: Information Technology | Sub-Category: Artificial Intelligence |
- Published Date: June 2024 | US$1,345 |
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