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Publication: May 2024
Report Type: Niche Report
Report Format: PDF DataSheet
Report ID: AI42343 
  Pages: 110+  

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

Report Format: PDF DataSheet |   Pages: 110+  

 May 2024  | 

India AI Speech Recognition Market Snapshot

India AI Speech Recognition Market

  • DataCube Research foresees the India AI speech recognition market making significant strides on the global stage, with projected revenue reaching US$ 244.3 Million by 2024. Moreover, our analysis indicates a promising trajectory, an anticipated CAGR of 22.7% from 2024 to 2032 to reach US$ 1.25 Billion by 2032.
  • Within the Indian AI speech recognition market, our research highlights the dominance of the software segment, which claimed the largest market share of 52.2% 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 bfsi sector to emerge as a key driver of growth, expanding with a fastest CAGR of 24.0% during the forecast period spanning 2024 to 2032.

India 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


*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]