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Publication: May 2024
Report Type: Niche Report
Report Format: PDF DataSheet
Report ID: AI42357 
  Pages: 110+  

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

 May 2024   

Israel AI Speech Recognition Market Snapshot

Israel AI Speech Recognition Market

  • The Israel AI speech recognition market is expected to generate US$ 45.6 Million in revenue by 2024, with a projected Compound Annual Growth Rate (CAGR) of 12.1% from 2024 to 2032.
  • In 2023, speech recognition industry in Israel reached a value of US$ 37.4 Million.
  • The dominant segment, by components category, is anticipated to be the software, with a market worth of US$ 74.2 Million.
  • By 2032, 34.9% of the total revenue in the Israel AI speech recognition market will be derived from IT and Telecom end user.

Israel 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