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

  June 2024   | Format: PDF DataSheet |   Pages: 110+ | Type: Sub-Industry Report |   

 

US AI Speech-based NLP Market Growth and Performance


  • In 2023, the US AI speech-based NLP market size represented US$ 5.16 Billion, grew by 27.7% compared to previous year.
  • This market is projected to register a compound annual growth rate (CAGR) of 20.1% from 2024 to 2032, resulting in a forecasted market value of US$ 27.92 Billion by the end of 2032.
  • When compared at a segmental level, in the US, automatic speech recognition (ASR) segment generated the highest revenue in 2023.
  • In the US AI speech-based NLP market, the largest end user sector will be customer service and support, with a projected market value of US$ 9.63 Billion by 2032.

US 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

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*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]

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