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Publication: May 2024
Report Type: Niche Report
Report Format: PDF DataSheet
Report ID: AI42326 
  Pages: 160+  

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

 May 2024   

MEA AI Speech Recognition Market Snapshot

MEA AI Speech Recognition Market

  • The AI speech recognition market in the region is projected to increase to US$ 496.5 Million by 2024, with a year-on-year growth rate of 19.7%.
  • By the end of 2032, the Middle East & Africa AI speech recognition market is on track to achieve US$ 1.52 Billion, with a forecasted Compound Annual Growth Rate (CAGR) of 15.1% throughout the forecast period.
  • In 2024, the software segment is estimated to hold the largest market share of 52.0% and be valued at US$ 258.3 Million.
  • In 2032, 27.8% of the total spending in the Middle East & Africa AI speech recognition market is forecasted to come from South Africa.

MEA 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

 

MEA AI Speech Recognition Market: Country Coverage

 

Countries Covered

MEA

Israel

South Africa

Saudi Arabia

United Arab Emirates

Qatar

Kuwait

Oman

Turkey

Nigeria

Kenya

Zimbabwe

Rest of MEA