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Publication: May 2024
Report Type: Sub-Tracker
Report Format: PDF DataSheet
Report ID: AI42327 
  Pages: 110+  

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

Report Format: PDF DataSheet |   Pages: 110+  

 May 2024  | 

U.S. AI Speech Recognition Market Snapshot

U.S. AI Speech Recognition Market

  • In 2024, the U.S. AI speech recognition market is expected to achieve a market revenue of US$ 3.59 Billion.
  • This market is projected to register a compound annual growth rate (CAGR) of 11.0% from 2024 to 2032, resulting in a forecasted market value of US$ 8.29 Billion by the end of 2032.
  • When compared at a segmental level, in the US, software segment is expected to generate the highest revenue in 2024.
  • In the US AI speech recognition market, the largest end user sector will be IT and Telecom, with a total market value of US$ 726.5 Million in 2024.

U.S. AI Speech Recognition Industry Coverage

Analysis Period

2019-2032

Actual Data

2019-2023

Base Year

2024

Estimated Year

2024

CAGR Period

2024-2032
 

Research Scope

Components

Hardwar

Softwar

Service

Deployment Model

Cloud-base

On-premis

Value Proposition

Open & Integrable Solution

Customizable & Tailored Solution

Functionality

Real-Time Speech Processin

High-Fidelity Speech-to-Tex

Multi-Language Machine Translatio

Domain-Specific Language Translatio

Other

End Users

IT and Telecom

Media and Entertainment

Energy and Power

Transportation and Logistics

Healthcare

BFSI

Retail

Manufacturing

Public Sector

Other
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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]