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Publication: May 2024
Report Type: Niche Report
Report Format: PDF DataSheet
Report ID: AI42321 
  Pages: 160+  

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

 May 2024   

North America AI Speech Recognition Market Snapshot

North America AI Speech Recognition Market

  • In 2024, the projected revenue of AI speech recognition market in North America is estimated to reach a staggering US$ 4.01 Billion.
  • Among the various segments, the software segment is expected to dominate with a projected market value of US$ 2.28 Billion in the same year.
  • Regionally, it's noteworthy that AI speech recognition market, in the United States is expected to lead in terms of revenue generation, with an estimated amount of US$ 3.59 Billion in 2024.
  • Among the diverse end users, IT and Telecom, was the largest end-user vertical in terms spending in the North American speech recognition industry in 2023.

North America 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

End Users

IT and Telecom

Media and Entertainment

Energy and Power

Transportation and Logistics

Healthcare

BFSI

Retail

Manufacturing

Public Sector

Other

 

North America AI Speech Recognition Market: Country Coverage

 

Countries Covered

North America

U.S.

Canada

Mexico