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Publication: June 2024
Report Type: Niche Report
Report Format: PDF DataSheet
Report ID: AI42579 
  Pages: 110+  

South Africa AI Speech-based NLP Market Analysis, Size, and Forecast by Technology, Deployment Model, Industry, Organization Size, and Application: 2019-2032

Report Format: PDF DataSheet |   Pages: 110+  

 June 2024  | 

South Africa AI Speech-based NLP Market Growth and Performance

South Africa AI Speech-based NLP Market

  • The South Africa AI speech-based NLP market is poised to achieve US$ 1.34 Billion in revenue by 2032, driven by an anticipated Compound Annual Growth Rate (CAGR) of 26.2% from 2024 to 2032.
  • Industry analysts predict that in South Africa, the primary segment by technology, is set to be automatic speech recognition (ASR), boasting a market value of US$ 594.5 Million by 2032.
  • When considering end users, it's projected that 35.1% of the total market size in the AI speech-based NLP market in South Africa will be attributed to IT and Telecom end user by 2032.
  • Industry specialists anticipate that throughout the forecast period, the Healthcare sector will undergo the most rapid expansion in terms of revenue generation, with a 28.5% Compound Annual Growth Rate (CAGR).

South Africa AI Speech-based NLP Market Scope

Analysis Period

2019-2032

Actual Data

2019-2023

Base Year

2024

Estimated Year

2024

CAGR Period

2024-2032
 

Research Scope

Technology

Automatic Speech Recognition (ASR

Natural Language Understanding (NLU

Language Generation and Synthesi

Speaker Recognition and Diarizatio

Sentiment Analysis and Emotion Detectio

Deployment Model

On-premis

Cloud-base

Hybri

Industry

IT and Telecom

Media and Entertainment

Energy and Power

Transportation and Logistics

Healthcare

BFSI

Retail

Manufacturing

Public Sector

Other

Organization Size

Large Enterprise

Mid Enterprise

Small Enterprise

Application

Customer Service and Suppor

Virtual Assistants and Chatbot

Transcription and Voice-to-Tex

Voice Command and Contro

Voice Biometrics and Securit


*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]