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Speech and Voice Recognition Market Size, Share & Trends

Report Code SE 4365
Published in Aug, 2025, By MarketsandMarkets™
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Speech and Voice Recognition Market by Technology (Speaker Identification, Speaker Verification, Automatic Speech), Application (Voice Search, Voice Command, Real Time Transcription, Voice Biometrics, Customer Service), Mode - Global Forecast to 2030

Speech and Voice Recognition Market – Size, Share, Trends & Forecast (2025–2030)

The global Speech and Voice Recognition Market size was estimated at USD 8.49 billion in 2024 and is predicted to increase from USD USD 9.66 billion in 2025 to approximately USD 23.11 billion by 2030, expanding at a CAGR of 19.1% from 2025 to 2030.The demand for speech and voice recognition is growing as people use smart devices like virtual assistants and wearables. These devices depend on voice interfaces. Improved accuracy from AI and machine learning is prompting more industries to adopt this technology. This includes healthcare, automotive, and banking. Voice biometrics provide safe, hands-free authentication, increasing its use in cybersecurity. The rise of remote work and automation in customer service also boosts demand. Voice technology helps make things easier for people with disabilities. The increasing number of smartphones and support for multiple languages in emerging markets adds to this growth. Finally, changing consumer expectations for convenience speed up its adoption in various applications.

Technological advancements are rapidly fueling speech and voice recognition. Deep learning models, such as self-supervised structures, significantly improve accuracy and language flexibility. On-device processing with edge computing improves performance and protects data privacy. Better noise reduction and beamforming techniques enhance recognition in noisy settings. Emotion and sentiment detection expand the range of applications. Voice synthesis and cloning tools create personalized, natural-sounding interactions. Real-time translation is becoming more accurate and easier to use. Connecting with natural language processing (NLP) improves contextual understanding, while user-friendly APIs and tools speed up adoption across mobile, automotive, and business platforms.

Speech and Voice Recognition Market

Attractive Opportunities in the Speech and Voice Recognition Market

ASIA PACIFIC

Market growth in the Asia Pacific is attributed to rapid smartphone and smart device adoption, government-led digital transformation initiatives, and rising demand for multilingual voice solutions.

The growth of the speech and voice recognition market is attributed to advancements in AI and natural language processing, and expanding applications across industries such as healthcare, government, and consumer electronics.

Technological developments and product launches are expected to offer lucrative growth opportunities for the market players during the next five years.

Automatic speech recognition held the largest share of the speech and voice recognition market in 2024.

In emerging economies, opportunities in speech and voice recognition are driven by growing smartphone penetration, digital inclusion efforts, and demand for voice-based services in local languages.

Impact of AI/Gen AI on Speech and Voice Recognition Market

The field of AI has transformed the way speech and voice are recognized. AI models have largely overcome primarily rule-based approaches, including deep learning models such as recurrent neural networks and convolutional neural networks. More recently, new models have arisen based on transformers, such as wav2vec and Whisper. The advancements shown by these models represent major advances in machine understanding of accents and dialects across different contexts, improving the robustness of speech recognition engines and usability for consumers. In addition, AI is also advancing real-time capabilities such as instant transcription, machine translation, and voice commands, which are all essential for virtual assistants, customer service bots, and infotainment systems in automobiles. AI also enables emotion detection, voice biometrics, and intent recognition, which enhance interactions between people and machines. Edge AI allows devices to perform speech recognition on-site. This makes processes faster, while also keeping the user's privacy intact. AI is now able to produce synthetic voices that sound close to human speech, creating more ways to produce content and promote accessibility. Types of speech and voice recognition incorporate more languages and dialects and develop in sophistication as AI models become increasingly complex, due to their development through self-supervised learning and large datasets of language.

Speech and Voice Recognition Market

Global Speech and Voice Recognition Market Dynamics

DRIVER: Extensive use of speech and voice recognition in smart appliances

Widespread use of voice and speech recognition in smart appliances is a major contributor to market growth, changing how users engage with common household devices. Voice-enabled appliances like smart TVs are increasingly being used in homes as hands-free appliances, helping users control functions, set timers, check status updates, and access content online with only their voices. As the existing smart home ecosystem expands, integration of virtual assistants like Amazon Alexa, Google Assistant, and Apple Siri grows adoption and aids in centralized voice control across appliances. Voice recognition is also expanding with supporting individual voice learned profiles, to provide personalization that enhances automating experiences while incorporating suggestions for engineering better efficiency in household energy consumption. For older people or people needing assisted living, voice-operated smart appliances may offer greater accessibility and independence than others. The trend is aided by continual advancement of natural language processing (NLP) based voice recognition, far-field voice recognition, and edge AI that assist engagement in a front-end approach through environmental complexities not originally involved, with respect to end user ignoring appliance contents engaged by their voice. As the public clamors for greater safety and convenience around smart living and smart appliances, many appliance manufacturers are changing product roadmaps into voice interface-enabled appliances, creating a distinguishing element of speech recognition as a value driver toward consumers buying smart home appliances globally.

RESTRAINTS: Concerns regarding data privacy and security

Concerns about data privacy and security are a major limitation to further expansion of the market within speech and voice recognition. Voice-enabled systems process a variety of sensitive and personal data, leading to concerns about how that data is stored, transmitted, and used. Users are now more concerned than ever about unauthorized access, data breaches, and misuse of voice data, for example, surveillance, profiling, or targeted advertising. Moreover, many voice recognition systems function on cloud-based systems and depend on software-as-a-service (SaaS) models, which raises additional concerns over transfers of data to third parties in other jurisdictions. Compliance with stringent data protection regulations such as the General Data Protection Regulation (GDPR) in Europe and the California Consumer Privacy Act (CCPA) in the US also complicates implementation plans due to the stringent requirements placed on organizations, especially for larger global firms. While technical developments such as on-device processing, aggregate data sets, and federated learning might certainly address some challenges regarding privacy, lack of trust seems to be a barrier to trusting organizations to adequately protect personal data until the point in time that the capability and practice of voice and speech recognition adequately address the ongoing problem of privacy.

 

OPPORTUNITY: Rising deployment of speech and voice technology in autonomous vehicles

The increasing use of speech and voice recognition capabilities within autonomous vehicles is a significant opportunity for the market. As vehicles become more and more automated, voice-enabled interactions can become an essential means of human-to-machine interaction. In fully autonomous and semi-autonomous vehicles, drivers and passengers are able to utilize voice commands to operate their infotainment systems, input navigation, make phone calls, adjust climate settings, check real-time traffic, or request vehicle diagnostics—without any necessary physical input. This makes passengers comfortable, but moreover, it can also keep people safe, reducing distractions. Speech recognition systems with sophisticated NLP and contextual understanding allow for natural conversations where the user can talk, in their chosen accent, language, and directly or indirectly via pragmatics and context. In addition, the use of AI assistants creates personalized in-vehicle experiences, as they learn the driver's preferences and behaviors over time. OEMs are investing heavily in connected car ecosystem technology approaches, where voice is just one interface amongst touch and gesture control interfaces. Voice biometric authentication also offers another form of secure driver identification, mitigating unnecessary access. In addition, there are many use cases, for example, with the continued evolution of 5G connectivity, edge computing, and increased onboard vehicle sensoring, voice recognition applications provide responsive driving environments.

CHALLENGE: Limited awareness regarding the availability and benefits of voice assistant technologies

A significant barrier to the wider deployment of voice assistant technology is still the limited awareness of its availability and capabilities. Many consumers are unfamiliar with what voice and speech recognition systems can do, and much more than simple commands like playing music or setting alarms. These comprehension gaps exist as it pertains to even more valuable functionalities such as voice-controlled smart home technology, hands-free learning while driving, secure voice-based authentication, and accessibility for people with disabilities. Aspects like perceived setup complexity, lack of language support, or the need for expensive devices also add to these comprehension gaps, which have impacted adoption. Similarly, limited digital infrastructure, internet growth, and usage in rural and underserved communities can add to the awareness gap. Therefore, further educational support from technology providers, incorporating local languages and simpler interfaces, can help bridge the awareness gap. The potential benefits (e.g., increased convenience, safety, and personalization) need to be effectively communicated to potential users to address this awareness issue and support adoption. Convincing consumers of the benefits can be challenging, and this can be addressed through marketing initiatives, demonstrations, and adoption or integration in everyday services (e.g., banking, healthcare, utilities) so that people become more familiar with these voice assistant technologies.

Global Speech and Voice Recognition Market Ecosystem Analysis

The speech and voice recognition market is competitive. Microsoft (US), IBM (US), Alphabet (US), Amazon (US), Apple Inc (US) are some major providers of speech and voice recognition. The market has numerous small- and medium-sized vital enterprises. These players procure raw materials from various suppliers and offer their final products to end users.

Top Speech and Voice Recognition Market

By application, the voice biometric segment is expected to record the highest CAGR during the forecast period.

Voice biometrics is the fastest-growing speech and voice recognition sector, as it offers convenience and security. Voice biometrics leverages an individual's unique vocal characteristics, which include elements such as tone, pitch, and pronunciation attributes, as opposed to other traditional authentication methods like passwords or PINs. Compared to many of the other authentication methods that exist today, it is not only more secure, but it is also easier for the user, particularly when hands-free or remote. Growing concerns regarding data breaches and identity theft are leading industry sectors like banking, telecommunications, and healthcare to deploy voice biometrics in order to strengthen security and streamline user authentication. Growth in remote work and digital services further underpins the demand for a secure way to grant users access without the need for direct interaction. Furthermore, recent improvements to voiceprint recognition leveraging AI and deep learning have made it more precise, even in noisy environments or when users voluntarily or involuntarily create a multilingual speaking environment. Hence, the convergence of technological sophistication, evolving security challenges, and increased public trust in voice verification is enabling the voice biometrics market to grow rapidly.

By vertical, consumer electronics is expected to dominate the speech and voice recognition in the forecast period.

In the speech and voice recognition market, consumer electronics have been the main driver of growth and development as devices have been increasingly manufactured with capabilities for voice-enabled feature use, including smartphones, smart speakers, wearables, smart TVs, and other home appliances. Voice-enabled devices have already become an essential part of consumer electronics, and there is also increasing demand for hands-free options and other common features in other electronic devices. Voice recognition allows users to make calls, send messages, browse the internet, control devices, and manage schedules simply by using their voice; these devices also make the user experience easier and more accessible. Technology companies, such as Apple, Google, Amazon, and Samsung, have all incorporated advanced voice assistants (Siri, Google Assistant, and Alexa) into their respective ecosystems while aiming for interoperability within an interconnected marketplace that incentivizes continual usage. By competing in the market, they continue to raise the standards for voice assistant accuracy and multilingual models, along with contextualized responses, thus striving for a harmonious user experience. The availability and affordability of voice-enabled devices at every price point have also opened up usage opportunities for the technology to many others. With increasing smartphone penetration and digital literacy increasing in developing markets, consumer electronics remain the dominant driver and innovator in voice technology.

By Region, North America Is Projected to Dominate the Speech and Voice Recognition Market During the Forecast Period.

North America leads the speech and voice recognition market due to factors such as technology potential, technology infrastructure, and consumer adoption of smart technologies. Multi-national technology companies such as Google, Apple, Amazon, Microsoft, and IBM located across North America have made major investments into technology innovation in artificial intelligence, Natural language processing (NLP), and voice-based interfaces, including significant investments in developing and commercializing voice-enabled products such as virtual assistants (e.g., Alexa, Siri, Google Assistant), smart home devices, and voice-led applications in all industry sectors. Furthermore, large retail brands capitalizing on the adoption of smart technologies are built upon cloud infrastructure capacity and the high-speed internet, which enables the deployment of complex voice services. North America also benefits from strong enterprise demand across many sectors, such as healthcare, automotive, finance, and customer service, where speech and voice recognition can increase overall performance and consumer experience. In addition, the country's innovation can be supported by a favorable regulatory policy that encourages innovation while maintaining the trust of consumers. North America is well-positioned, considering early adoption, strong R&D, and a developer ecosystem, to be a leader in the world market for speech and voice recognition.

LARGEST MARKET SHARE IN 2025-2030
ASIA PACIFIC FASTER-GROWING MARKET IN REGION
Speech and Voice Recognition Market Size and Share

Recent Developments of Speech and Voice Recognition Market

  • In June 2025, Google (US) launched Search Live, an experimental feature that lets users interact with Search using their voice. Available through the Google app on both Android and iOS, it's part of the new AI Mode that is now accessible to all users in the US.
  • In April 2025, Voicegain (US) introduced Voicegain Casey, an AI Voice Agent designed for payers, leveraging generative AI to revolutionize the entire call center experience.
  • In March 2025, Microsoft (US) launched a new AI assistant for healthcare professionals, designed as an all-in-one solution that integrates voice dictation, ambient listening, and generative AI capabilities.
  • In December 2024, Amazon (US) announced the general availability of its new multilingual streaming speech recognition models (ASR-2.0) in Amazon Lex. These models improve recognition accuracy through two region-specific groups: a European model supporting Portuguese, Catalan, French, Italian, German, and Spanish, and an Asia Pacific model supporting Chinese, Korean, and Japanese.
  • In March 2024, Apple (US) introduced transcripts for Apple Podcasts — a new feature that enhances accessibility and makes it easier to navigate episodes. With transcripts, users can view the entire episode text, search for specific words or phrases, and tap any part of the transcript to start playback from that exact moment.

Key Market Players

List of Top Speech and Voice Recognition Market

The following players dominate the Speech and Voice Recognition Market:

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Scope of the Report

Report Attribute Details
Market size available for years 2021–2030
Base year considered 2024
Forecast period 2025–2030
Forecast units Value (USD Million)
Segments Covered Technology, Deployment Mode, Application, Vertical, and Region
Regions covered North America, Europe, Asia Pacific, RoW

Key Questions Addressed by the Report

Which companies dominate the speech and voice recognition market, and what strategies do they employ to enhance their market presence?

The major companies in the speech and voice recognition market include Microsoft (US), IBM (US), Alphabet (US), Amazon (US), and Apple Inc (US). These players adopt significant strategies, including product launches and developments, collaborations, acquisitions, and expansions.

Which region has the highest speech and voice recognition market potential?

The Asia Pacific market is projected to grow at the highest CAGR during the forecast period.

What are the opportunities for new market entrants?

Customer preference for cloud-based speech-to-text software, increasing popularity of online shopping, and development of personalized applications for users will offer potential growth opportunities in this market.

What are the key factors driving the speech and voice recognition market?

Market drivers include escalated use of speech and voice recognition software by healthcare professionals, extensive penetration of speech and voice recognition technologies in smart appliances, and increasing demand for speech and voice recognition technologies for transcription.

What key speech and voice recognition applications will drive market growth in the next five years?

The significant consumers of speech and voice recognition are consumer electronics, healthcare, and government sectors.

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Table of Contents

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TITLE
PAGE NO
INTRODUCTION
28
RESEARCH METHODOLOGY
33
EXECUTIVE SUMMARY
45
PREMIUM INSIGHTS
49
MARKET OVERVIEW
52
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    - Mounting demand for advanced healthcare technologies
    - Growing consumption of smart home appliances
    - Rising need for real-time transcription in virtual meetings and industrial settings
    - Increasing adoption of voice biometric systems in financial services sector
    - Rising integration of AI into speech and voice recognition systems
    RESTRAINTS
    - Inability to identify homophones and understand terms in different languages
    - Limitations in gathering datasets for establishing approach that accurately converts speech to text
    - Multilingual and intent recognition challenges of voice assistants
    - Concerns regarding data privacy and security
    - High cost of high-end voice recognition systems deployed in automobiles
    - Requirement for high R&D investment in neural networks and deep learning technologies
    OPPORTUNITIES
    - Customer preference for cloud-based speech-to-text software
    - Growing popularity of online shopping
    - Development of personalized, human-centric technologies
    - Integration of speech and voice recognition technology with mobile applications
    - Development of speech and voice recognition software for micro-linguistics and local languages
    - Application of speech and voice recognition technologies in service robotics
    - Reliance on cutting-edge technologies to educate disabled students
    - Increasing R&D of autonomous vehicles
    - Consumer preference for technologically advanced products
    CHALLENGES
    - Complexities in creating unique vocabulary for various industries
    - Limited awareness regarding availability and benefits of voice assistant technologies
    - Increased errors due to background noise
    - Lack of standardized platform for developing customized products
    - Slow network speeds posing challenge to cloud-based speech recognition services
  • 5.3 VALUE CHAIN ANALYSIS
  • 5.4 ECOSYSTEM ANALYSIS
  • 5.5 PRICING ANALYSIS
    AVERAGE SELLING PRICE OF AUTOMATIC SPEECH RECOGNITION TECHNOLOGY OFFERED BY KEY PLAYERS, 2024
    AVERAGE SELLING PRICE TREND OF SPEECH AND VOICE RECOGNITION SYSTEMS, BY TECHNOLOGY, 2020–2024
    AVERAGE SELLING PRICE TREND OF AUTOMATIC SPEECH RECOGNITION TECHNOLOGY, BY REGION, 2020–2024
  • 5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • 5.7 CASE STUDY ANALYSIS
    SESTEK HELPS TEKNOSA INCREASE FIRST-CALL RESOLUTION RATE AND SHORTEN CALL DURATIONS AT CONTACT CENTER
    SESTEK ASSISTS AGENTS AT AL BARAKA BANK CONTACT CENTER TO SIGNIFICANTLY IMPROVE EFFICIENCY AND REDUCE WORKLOAD
    MICROSOFT TRANSLATOR APPLICATION FACILITATES MULTILINGUAL PARENT–TEACHER COMMUNICATION AT CHINOOK MIDDLE SCHOOL
    IBM WATSON HELPS BRADESCO BANK REDUCE RESPONSE TIME USING SPEECH RECOGNITION AI BOT
    ALEXA AIDS HAWAII PACIFIC HEALTH IN ENHANCING PATIENT EXPERIENCE BY QUERY RESOLUTION
    CHATBOT BY ROANUZ ANSWERS USER QUERIES QUICKLY
  • 5.8 PORTER'S FIVE FORCES ANALYSIS
    THREAT OF NEW ENTRANTS
    THREAT OF SUBSTITUTES
    BARGAINING POWER OF BUYERS
    BARGAINING POWER OF SUPPLIERS
    INTENSITY OF COMPETITIVE RIVALRY
  • 5.9 KEY STAKEHOLDERS & BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
  • 5.10 TECHNOLOGY ANALYSIS
    KEY TECHNOLOGIES
    - Natural language processing
    - Voice activity detection
    ADJACENT TECHNOLOGIES
    - Cloud computing
    - Edge AI
    COMPLEMENTARY TECHNOLOGIES
    - Internet of Things (IoT)
    - Smart wearables
  • 5.11 PATENT ANALYSIS
  • 5.12 TRADE ANALYSIS
    IMPORT SCENARIO (HS CODE 851989)
    EXPORT SCENARIO (HS CODE 851989)
  • 5.13 TARIFF AND REGULATORY LANDSCAPE
    TARIFF ANALYSIS
    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    CODES AND STANDARDS
  • 5.14 KEY CONFERENCES AND EVENTS, 2025–2026
  • 5.15 IMPACT OF AI ON SPEECH AND VOICE RECOGNITION MARKET
    INTRODUCTION
    AI USE CASES IN SPEECH AND VOICE RECOGNITION MARKET
  • 5.16 IMPACT OF 2025 US TARIFF ON SPEECH AND VOICE RECOGNITION MARKET
    INTRODUCTION
    KEY TARIFF RATES
    PRICE IMPACT ANALYSIS
    IMPACT ON COUNTRIES/REGIONS
    - US
    - Europe
    - Asia Pacific
    IMPACT ON VERTICALS
SPEECH AND VOICE RECOGNITION TYPES
98
  • 6.1 INTRODUCTION
  • 6.2 AI-BASED
  • 6.3 NON-AI-BASED
SPEECH AND VOICE RECOGNITION MARKET, BY TECHNOLOGY
101
  • 7.1 INTRODUCTION
  • 7.2 VOICE RECOGNITION
    SPEAKER IDENTIFICATION
    - Growing trend of automatic information processing and telecommunication technology to fuel segmental growth
    SPEAKER VERIFICATION
    - Increasing adoption in banks and financial services to prevent fraudulent attempts to boost segmental growth
  • 7.3 AUTOMATIC SPEECH RECOGNITION
    RISING DEPLOYMENT OF VOICE-CONTROLLED TECHNOLOGIES TO ENHANCE TRUST AND CUSTOMER ENGAGEMENT TO AUGMENT SEGMENTAL GROWTH
SPEECH AND VOICE RECOGNITION MARKET, BY DEPLOYMENT MODE
111
  • 8.1 INTRODUCTION
  • 8.2 CLOUD-BASED
    LOW OPERATION AND MAINTENANCE EXPENSES AND QUICKER DEPLOYMENTS TO FUEL SEGMENTAL GROWTH
  • 8.3 ON-PREMISES
    GROWING CONCERNS OVER DATA PRIVACY AND SECURITY TO BOLSTER SEGMENTAL GROWTH
SPEECH AND VOICE RECOGNITION MARKET, BY APPLICATION
117
  • 9.1 INTRODUCTION
  • 9.2 VOICE SEARCH
    ABILITY TO PROVIDE QUICK, HANDS-FREE ACCESS TO INFORMATION, NAVIGATION, AND SERVICES TO FUEL SEGMENTAL GROWTH
  • 9.3 VOICE COMMAND
    RAPID ADVANCES IN NATURAL LANGUAGE PROCESSING TO ACCELERATE SEGMENTAL GROWTH
  • 9.4 REAL-TIME TRANSCRIPTION
    RISE IN HYBRID WORK, VIRTUAL EVENTS, AND DIGITAL LEARNING ENVIRONMENTS TO BOLSTER SEGMENTAL GROWTH
  • 9.5 VOICE BIOMETRICS
    GROWING CYBERSECURITY THREATS AND DEMAND FOR SEAMLESS AUTHENTICATION TO FOSTER SEGMENTAL GROWTH
  • 9.6 CUSTOMER SERVICE
    MOUNTING DEMAND FOR TOUCH-FREE SOLUTIONS TO EXPEDITE SEGMENTAL GROWTH
  • 9.7 SECURITY AUTHENTICATION
    INCREASING DEPENDENCE ON DIGITAL PLATFORMS TO AUGMENT SEGMENTAL GROWTH
SPEECH AND VOICE RECOGNITION MARKET, BY VERTICAL
123
  • 10.1 INTRODUCTION
  • 10.2 AUTOMOTIVE
    VEHICLE CONTROL
    - Requirement for voice interfaces in connected vehicles to boost segmental growth
    VEHICLE INSURANCE
    - Emphasis on automating and humanizing customer engagement to fuel segmental growth
  • 10.3 COMMERCIAL
    CALL CENTER AUTHENTICATION
    - Ability to support faster, frictionless verification to augment segmental growth
    IT SECURITY
    - Use to strengthen identity management and reduce reliance on passwords or physical tokens to drive market
    TIME & ATTENDANCE SYSTEMS
    - Focus on automating employee check-ins and limiting manual errors to bolster segmental growth
    ENTERPRISE ROBOTICS
    - Ability to enhance productivity and reduce training requirements of workers to accelerate segmental growth
  • 10.4 CONSUMER ELECTRONICS
    MOBILE DEVICE CONTROL
    - Rapid digitalization and smartphone adoption to contribute to segmental growth
    WEARABLE DEVICE CONTROL
    - Focus on automated control to enhance functionality and user engagement to boost segmental growth
  • 10.5 BFSI
    FRAUD IDENTIFICATION
    - Reliance on voice recognition systems to verify identity and flag suspicious behavior to foster segmental growth
    MOBILE BANKING
    - Focus on enhancing security and simplifying user interactions to contribute to segmental growth
    UNSTAFFED BANK BRANCHES
    - Adoption of speech and voice recognition systems to provide secure interactions to boost segmental growth
  • 10.6 GOVERNMENT
    VERIFICATION
    - Use of voice recognition technologies to identify persons of interest to bolster segmental growth
    IDENTIFICATION
    - Ability to function remotely and quickly to drive adoption in time-sensitive and sensitive environments
  • 10.7 RETAIL
    FRAUD INVESTIGATION
    - Adoption of voice recognition systems to identify individuals involved in suspicious transactions to drive market
    POINT OF SALE TRANSACTION
    - Integration of speech recognition to enable secure, hands-free transactions to accelerate segmental growth
    ROBOTIC KIOSK
    - Strong focus on providing highly interactive, human-like experiences in retail and service environments to fuel segmental growth
  • 10.8 HEALTHCARE
    PATIENT MEDICAL RECORD ACCESS
    - Emphasis on improving workflow and reducing time spent on manual data entry to foster segmental growth
    SPECIAL-PURPOSE ROBOTS
    - Use to enable natural interaction with patients and medical staff to expedite segmental growth
  • 10.9 MILITARY
    ACCESS CONTROL SYSTEMS
    - Ability to enhance security and streamline authentication to contribute to segmental growth
    BORDER MANAGEMENT SYSTEMS
    - Need to strengthen identity verification and detect potential threats more efficiently to fuel segmental growth
  • 10.10 LEGAL
    DOCUMENT TRANSCRIPTION
    - Reliance on speech recognition to improve accuracy and accessibility of legal transcriptions to foster segmental growth
  • 10.11 EDUCATION
    LANGUAGE LEARNING
    - Deployment of speech recognition technologies to enable real-time pronunciation feedback and speech assessment to drive market
    EDUCATION FOR DISABLED & E-LEARNING
    - Requirement for hands-free interaction and voice-controlled navigation to augment segmental growth
  • 10.12 OTHER VERTICALS
SPEECH AND VOICE RECOGNITION MARKET, BY REGION
162
  • 11.1 INTRODUCTION
  • 11.2 NORTH AMERICA
    US
    - Growing focus on increasing productivity and efficiency across enterprises to drive market
    CANADA
    - High deployment of voice-activated biometrics in banking sector to augment market growth
    MEXICO
    - Rising consumer preference for innovative technologies to bolster market growth
  • 11.3 EUROPE
    UK
    - Burgeoning demand for voice-enabled payment solutions to boost market growth
    GERMANY
    - Increasing reliance on AI and cognitive technologies in enterprises to fuel market growth
    FRANCE
    - Significant focus on improving air traffic control to contribute to market growth
    ITALY
    - Mounting adoption of AI-driven solutions across industries to augment market growth
    REST OF EUROPE
  • 11.4 ASIA PACIFIC
    JAPAN
    - Rising integration of AI into innovative robotic devices to bolster market growth
    CHINA
    - Mounting adoption of advanced technologies to accelerate market growth
    SOUTH KOREA
    - Advanced digital infrastructure and strong commitment to AI development to foster market growth
    INDIA
    - Large-scale technological development and increasing number of mobile and internet users to drive market
    REST OF ASIA PACIFIC
  • 11.5 ROW
    MIDDLE EAST
    - Mounting adoption of voice assistant devices to augment market growth
    AFRICA
    - Increasing mobile penetration and need for inclusive digital solutions to drive market
    SOUTH AMERICA
    - Rising internet penetration to contribute to market growth
COMPETITIVE LANDSCAPE
183
  • 12.1 OVERVIEW
  • 12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2025
  • 12.3 REVENUE ANALYSIS, 2020–2024
  • 12.4 MARKET SHARE ANALYSIS, 2024
  • 12.5 COMPANY EVALUATION MATRIX: KEY COMPANIES, 2024
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT: KEY PLAYERS, 2024
    - Company footprint
    - Region footprint
    - Technology footprint
    - Deployment mode footprint
    - Application footprint
    - Vertical footprint
  • 12.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES 2024
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024
    - Detailed list of key startups/SMEs
    - Competitive benchmarking of key startups/SMEs
  • 12.7 COMPETITIVE SCENARIO
    PRODUCT LAUNCHES
    DEALS
COMPANY PROFILES
206
  • 13.1 KEY PLAYERS
    MICROSOFT
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    IBM
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    ALPHABET
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    AMAZON.COM, INC.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    APPLE INC.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    BAIDU INC.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    IFLYTEK CORPORATION
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    SESTEK
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    SPEAK2WEB
    - Business overview
    - Products/Solutions/Services offered
    VERINT SYSTEMS INC.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    SPEECHMATICS
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    DEEPGRAM
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    VOICEITT
    - Business overview
    - Products/Solutions/Services offered
    VOICEGAIN
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    SENSORY INC.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    ASSEMBLYAI, INC.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    VERBIT.AI
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    OTTER.AI INC
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    REV
    - Business overview
    - Products/Solutions/Services offered
  • 13.2 OTHER PLAYERS
    RAYTHEON BBN TECHNOLOGIES
    M2SYS TECHNOLOGY
    SOLVENTUM
    VALIDSOFT
    LUMENVOX, LLC
    SPEECH PROCESSING SOLUTIONS GMBH
    UNIPHORE
    ISPEECH, INC.
    GOVIVACE INC
    CONVAI
    DOLBEY AND COMPANY, INC
    SOUNDHOUND AI INC.
    ELEVENLABS
    BELITSOFT
    VERBIO TECHNOLOGIES, S.L.
APPENDIX
260
  • 14.1 INSIGHTS FROM INDUSTRY EXPERTS
  • 14.2 DISCUSSION GUIDE
  • 14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 14.4 CUSTOMIZATION OPTIONS
  • 14.5 RELATED REPORTS
  • 14.6 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 SPEECH AND VOICE RECOGNITION MARKET: INCLUSIONS AND EXCLUSIONS
  • TABLE 2 MAJOR SECONDARY SOURCES
  • TABLE 3 PRIMARY INTERVIEW PARTICIPANTS, BY COMPANY AND END USER
  • TABLE 4 SPEECH AND VOICE RECOGNITION MARKET: RISK ANALYSIS
  • TABLE 5 ROLE OF COMPANIES IN SPEECH AND VOICE RECOGNITION ECOSYSTEM
  • TABLE 6 AVERAGE SELLING PRICE OF AUTOMATIC SPEECH RECOGNITION TECHNOLOGY PROVIDED BY KEY PLAYERS, 2024 (USD/HR)
  • TABLE 7 AVERAGE SELLING PRICE TREND OF SPEECH AND VOICE RECOGNITION SYSTEMS, BY TECHNOLOGY, 2020–2024 (USD/HR AND USD/1,000 TRANSACTIONS)
  • TABLE 8 AVERAGE SELLING PRICE TREND OF AUTOMATIC SPEECH RECOGNITION TECHNOLOGY, BY REGION, 2020–2024 (USD/HR)
  • TABLE 9 AVERAGE SELLING PRICE TREND OF VOICE RECOGNITION TECHNOLOGY, BY REGION, 2020–2024 (USD/1,000 TRANSACTIONS)
  • TABLE 10 IMPACT OF PORTER'S FIVE FORCES, 2024
  • TABLE 11 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS (%)
  • TABLE 12 KEY BUYING CRITERIA FOR TOP THREE VERTICALS
  • TABLE 13 LIST OF KEY PATENTS, 2017–2025
  • TABLE 14 IMPORT DATA FOR HS CODE 851989-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION)
  • TABLE 15 EXPORT DATA FOR HS CODE 851989-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION)
  • TABLE 16 MFN TARIFF FOR HS CODE 851989-COMPLIANT PRODUCTS EXPORTED BY CHINA
  • TABLE 17 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 18 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 19 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 20 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 21 SPEECH AND VOICE RECOGNITION CODES AND STANDARDS
  • TABLE 22 LIST OF KEY CONFERENCES AND EVENTS, 2025–2026
  • TABLE 23 US-ADJUSTED RECIPROCAL TARIFF RATES
  • TABLE 24 KEY PRODUCT-RELATED TARIFF EFFECTIVE FOR SPEECH AND VOICE RECOGNITION TECHNOLOGY
  • TABLE 25 EXPECTED CHANGE IN PRICES AND LIKELY IMPACT ON VERTICALS DUE TO TARIFF IMPACT
  • TABLE 26 SPEECH AND VOICE RECOGNITION MARKET, BY TECHNOLOGY, 2021–2024 (USD MILLION)
  • TABLE 27 SPEECH AND VOICE RECOGNITION MARKET, BY TECHNOLOGY, 2025–2030 (USD MILLION)
  • TABLE 28 VOICE RECOGNITION: SPEECH AND VOICE RECOGNITION MARKET, BY TYPE, 2021–2024 (USD MILLION)
  • TABLE 29 VOICE RECOGNITION: SPEECH AND VOICE RECOGNITION MARKET, BY TYPE, 2025–2030 (USD MILLION)
  • TABLE 30 VOICE RECOGNITION: SPEECH AND VOICE RECOGNITION MARKET, BY DEPLOYMENT MODE, 2021–2024 (USD MILLION)
  • TABLE 31 VOICE RECOGNITION: SPEECH AND VOICE RECOGNITION MARKET, BY DEPLOYMENT MODE, 2025–2030 (USD MILLION)
  • TABLE 32 VOICE RECOGNITION: SPEECH AND VOICE RECOGNITION MARKET, BY VERTICAL, 2021–2024 (USD MILLION)
  • TABLE 33 VOICE RECOGNITION: SPEECH AND VOICE RECOGNITION MARKET, BY VERTICAL, 2025–2030 (USD MILLION)
  • TABLE 34 AUTOMATIC SPEECH RECOGNITION: SPEECH AND VOICE RECOGNITION MARKET, BY DEPLOYMENT MODE, 2021–2024 (USD MILLION)
  • TABLE 35 AUTOMATIC SPEECH RECOGNITION: SPEECH AND VOICE RECOGNITION MARKET, BY DEPLOYMENT MODE, 2025–2030 (USD MILLION)
  • TABLE 36 AUTOMATIC SPEECH RECOGNITION: SPEECH AND VOICE RECOGNITION MARKET, BY VERTICAL, 2021–2024 (USD MILLION)
  • TABLE 37 AUTOMATIC SPEECH RECOGNITION: SPEECH AND VOICE RECOGNITION MARKET, BY VERTICAL, 2025–2030 (USD MILLION)
  • TABLE 38 SPEECH AND VOICE RECOGNITION MARKET, BY DEPLOYMENT MODE, 2021–2024 (USD MILLION)
  • TABLE 39 SPEECH AND VOICE RECOGNITION MARKET, BY DEPLOYMENT MODE, 2025–2030 (USD MILLION)
  • TABLE 40 CLOUD-BASED: SPEECH AND VOICE RECOGNITION MARKET, BY TECHNOLOGY, 2021–2024 (USD MILLION)
  • TABLE 41 CLOUD-BASED: SPEECH AND VOICE RECOGNITION MARKET, BY TECHNOLOGY, 2025–2030 (USD MILLION)
  • TABLE 42 ON-PREMISES: SPEECH AND VOICE RECOGNITION MARKET, BY TECHNOLOGY, 2021–2024 (USD MILLION)
  • TABLE 43 ON-PREMISES: SPEECH AND VOICE RECOGNITION MARKET, BY TECHNOLOGY, 2025–2030 (USD MILLION)
  • TABLE 44 SPEECH AND VOICE RECOGNITION MARKET, BY APPLICATION, 2021–2024 (USD MILLION)
  • TABLE 45 SPEECH AND VOICE RECOGNITION MARKET, BY APPLICATION, 2025–2030 (USD MILLION)
  • TABLE 46 SPEECH AND VOICE RECOGNITION MARKET, BY VERTICAL, 2021–2024 (USD MILLION)
  • TABLE 47 SPEECH AND VOICE RECOGNITION MARKET, BY VERTICAL,2025–2030 (USD MILLION)
  • TABLE 48 AUTOMOTIVE: SPEECH AND VOICE RECOGNITION MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)
  • TABLE 49 AUTOMOTIVE: SPEECH AND VOICE RECOGNITION MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)
  • TABLE 50 AUTOMOTIVE: SPEECH AND VOICE RECOGNITION MARKET, BY TECHNOLOGY, 2021–2024 (USD MILLION)
  • TABLE 51 AUTOMOTIVE: SPEECH AND VOICE RECOGNITION MARKET, BY TECHNOLOGY, 2025–2030 (USD MILLION)
  • TABLE 52 AUTOMOTIVE: SPEECH RECOGNITION MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 53 AUTOMOTIVE: SPEECH RECOGNITION MARKET, BY REGION, 2025–2030 (USD MILLION)
  • TABLE 54 AUTOMOTIVE: VOICE RECOGNITION MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 55 AUTOMOTIVE: VOICE RECOGNITION MARKET, BY REGION, 2025–2030 (USD MILLION)
  • TABLE 56 COMMERCIAL: SPEECH AND VOICE RECOGNITION MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)
  • TABLE 57 COMMERCIAL: SPEECH AND VOICE RECOGNITION MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)
  • TABLE 58 COMMERCIAL: SPEECH AND VOICE RECOGNITION MARKET, BY TECHNOLOGY, 2021–2024 (USD MILLION)
  • TABLE 59 COMMERCIAL: SPEECH AND VOICE RECOGNITION MARKET, BY TECHNOLOGY, 2025–2030 (USD MILLION)
  • TABLE 60 COMMERCIAL: SPEECH RECOGNITION MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 61 COMMERCIAL: SPEECH RECOGNITION MARKET, BY REGION, 2025–2030 (USD MILLION)
  • TABLE 62 COMMERCIAL: VOICE RECOGNITION MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 63 COMMERCIAL: VOICE RECOGNITION MARKET, BY REGION, 2025–2030 (USD MILLION)
  • TABLE 64 CONSUMER ELECTRONICS: SPEECH AND VOICE RECOGNITION MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)
  • TABLE 65 CONSUMER ELECTRONICS: SPEECH AND VOICE RECOGNITION MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)
  • TABLE 66 CONSUMER ELECTRONICS: SPEECH AND VOICE RECOGNITION MARKET, BY TECHNOLOGY, 2021–2024 (USD MILLION)
  • TABLE 67 CONSUMER ELECTRONICS: SPEECH AND VOICE RECOGNITION MARKET, BY TECHNOLOGY, 2025–2030 (USD MILLION)
  • TABLE 68 CONSUMER ELECTRONICS: SPEECH RECOGNITION MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 69 CONSUMER ELECTRONICS: SPEECH RECOGNITION MARKET, BY REGION, 2025–2030 (USD MILLION)
  • TABLE 70 CONSUMER ELECTRONICS: VOICE RECOGNITION MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 71 CONSUMER ELECTRONICS: VOICE RECOGNITION MARKET, BY REGION, 2025–2030 (USD MILLION)
  • TABLE 72 BFSI: SPEECH AND VOICE RECOGNITION MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)
  • TABLE 73 BFSI: SPEECH AND VOICE RECOGNITION MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)
  • TABLE 74 BFSI: SPEECH AND VOICE RECOGNITION MARKET, BY TECHNOLOGY, 2021–2024 (USD MILLION)
  • TABLE 75 BFSI: SPEECH AND VOICE RECOGNITION MARKET, BY TECHNOLOGY, 2025–2030 (USD MILLION)
  • TABLE 76 BFSI: SPEECH RECOGNITION MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 77 BFSI: SPEECH RECOGNITION MARKET, BY REGION, 2025–2030 (USD MILLION)
  • TABLE 78 BFSI: VOICE RECOGNITION MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 79 BFSI: VOICE RECOGNITION MARKET, BY REGION, 2025–2030 (USD MILLION)
  • TABLE 80 GOVERNMENT: SPEECH AND VOICE RECOGNITION MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)
  • TABLE 81 GOVERNMENT: SPEECH AND VOICE RECOGNITION MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)
  • TABLE 82 GOVERNMENT: SPEECH AND VOICE RECOGNITION MARKET, BY TECHNOLOGY, 2021–2024 (USD MILLION)
  • TABLE 83 GOVERNMENT: SPEECH AND VOICE RECOGNITION MARKET, BY TECHNOLOGY, 2025–2030 (USD MILLION)
  • TABLE 84 GOVERNMENT: SPEECH RECOGNITION MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 85 GOVERNMENT: SPEECH RECOGNITION MARKET, BY REGION, 2025–2030 (USD MILLION)
  • TABLE 86 GOVERNMENT: VOICE RECOGNITION MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 87 GOVERNMENT: VOICE RECOGNITION MARKET, BY REGION, 2025–2030 (USD MILLION)
  • TABLE 88 RETAIL: SPEECH AND VOICE RECOGNITION MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)
  • TABLE 89 RETAIL: SPEECH AND VOICE RECOGNITION MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)
  • TABLE 90 RETAIL: SPEECH AND VOICE RECOGNITION MARKET, BY TECHNOLOGY, 2021–2024 (USD MILLION)
  • TABLE 91 RETAIL: SPEECH AND VOICE RECOGNITION MARKET, BY TECHNOLOGY, 2025–2030 (USD MILLION)
  • TABLE 92 RETAIL: SPEECH RECOGNITION MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 93 RETAIL: SPEECH RECOGNITION MARKET, BY REGION, 2025–2030 (USD MILLION)
  • TABLE 94 RETAIL: VOICE RECOGNITION MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 95 RETAIL: VOICE RECOGNITION MARKET, BY REGION, 2025–2030 (USD MILLION)
  • TABLE 96 HEALTHCARE: SPEECH AND VOICE RECOGNITION MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)
  • TABLE 97 HEALTHCARE: SPEECH AND VOICE RECOGNITION MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)
  • TABLE 98 HEALTHCARE: SPEECH AND VOICE RECOGNITION MARKET, BY TECHNOLOGY, 2021–2024 (USD MILLION)
  • TABLE 99 HEALTHCARE: SPEECH AND VOICE RECOGNITION MARKET, BY TECHNOLOGY, 2025–2030 (USD MILLION)
  • TABLE 100 HEALTHCARE: SPEECH RECOGNITION MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 101 HEALTHCARE: SPEECH RECOGNITION MARKET, BY REGION, 2025–2030 (USD MILLION)
  • TABLE 102 HEALTHCARE: VOICE RECOGNITION MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 103 HEALTHCARE: VOICE RECOGNITION MARKET, BY REGION, 2025–2030 (USD MILLION)
  • TABLE 104 MILITARY: SPEECH AND VOICE RECOGNITION MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)
  • TABLE 105 MILITARY: SPEECH AND VOICE RECOGNITION MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)
  • TABLE 106 MILITARY: SPEECH AND VOICE RECOGNITION MARKET, BY TECHNOLOGY,2021–2024 (USD MILLION)
  • TABLE 107 MILITARY: SPEECH AND VOICE RECOGNITION MARKET, BY TECHNOLOGY, 2025–2030 (USD MILLION)
  • TABLE 108 MILITARY: SPEECH RECOGNITION MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 109 MILITARY: SPEECH RECOGNITION MARKET, BY REGION, 2025–2030 (USD MILLION)
  • TABLE 110 MILITARY: VOICE RECOGNITION MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 111 MILITARY: VOICE RECOGNITION MARKET, BY REGION, 2025–2030 (USD MILLION)
  • TABLE 112 LEGAL: SPEECH AND VOICE RECOGNITION MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)
  • TABLE 113 LEGAL: SPEECH AND VOICE RECOGNITION MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)
  • TABLE 114 LEGAL: SPEECH AND VOICE RECOGNITION MARKET, BY TECHNOLOGY, 2021–2024 (USD MILLION)
  • TABLE 115 LEGAL: SPEECH AND VOICE RECOGNITION MARKET, BY TECHNOLOGY, 2025–2030 (USD MILLION)
  • TABLE 116 LEGAL: SPEECH RECOGNITION MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 117 LEGAL: SPEECH RECOGNITION MARKET, BY REGION, 2025–2030 (USD MILLION)
  • TABLE 118 LEGAL: VOICE RECOGNITION MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 119 LEGAL: VOICE RECOGNITION MARKET, BY REGION, 2025–2030 (USD MILLION)
  • TABLE 120 EDUCATION: SPEECH AND VOICE RECOGNITION MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)
  • TABLE 121 EDUCATION: SPEECH AND VOICE RECOGNITION MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)
  • TABLE 122 EDUCATION: SPEECH AND VOICE RECOGNITION MARKET, BY TECHNOLOGY, 2021–2024 (USD MILLION)
  • TABLE 123 EDUCATION: SPEECH AND VOICE RECOGNITION MARKET, BY TECHNOLOGY, 2025–2030 (USD MILLION)
  • TABLE 124 EDUCATION: SPEECH RECOGNITION MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 125 EDUCATION: SPEECH RECOGNITION MARKET, BY REGION, 2025–2030 (USD MILLION)
  • TABLE 126 EDUCATION: VOICE RECOGNITION MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 127 EDUCATION: VOICE RECOGNITION MARKET, BY REGION, 2025–2030 (USD MILLION)
  • TABLE 128 OTHER VERTICALS: SPEECH AND VOICE RECOGNITION MARKET, BY TECHNOLOGY, 2021–2024 (USD MILLION)
  • TABLE 129 OTHER VERTICALS: SPEECH AND VOICE RECOGNITION MARKET, BY TECHNOLOGY, 2025–2030 (USD MILLION)
  • TABLE 130 OTHER VERTICALS: SPEECH RECOGNITION MARKET, BY REGION,2021–2024 (USD MILLION)
  • TABLE 131 OTHER VERTICALS: SPEECH RECOGNITION MARKET, BY REGION, 2025–2030 (USD MILLION)
  • TABLE 132 OTHER VERTICALS: VOICE RECOGNITION MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 133 OTHER VERTICALS: VOICE RECOGNITION MARKET, BY REGION, 2025–2030 (USD MILLION)
  • TABLE 134 SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 135 SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2025–2030 (USD MILLION)
  • TABLE 136 NORTH AMERICA: SPEECH AND VOICE RECOGNITION MARKET, BY COUNTRY, 2021–2024 (USD MILLION)
  • TABLE 137 NORTH AMERICA: SPEECH AND VOICE RECOGNITION MARKET, BY COUNTRY, 2025–2030 (USD MILLION)
  • TABLE 138 NORTH AMERICA: SPEECH AND VOICE RECOGNITION MARKET, BY VERTICAL, 2021–2024 (USD MILLION)
  • TABLE 139 NORTH AMERICA: SPEECH AND VOICE RECOGNITION MARKET, BY VERTICAL, 2025–2030 (USD MILLION)
  • TABLE 140 EUROPE: SPEECH AND VOICE RECOGNITION MARKET, BY COUNTRY, 2021–2024 (USD MILLION)
  • TABLE 141 EUROPE: SPEECH AND VOICE RECOGNITION MARKET, BY COUNTRY, 2025–2030 (USD MILLION)
  • TABLE 142 EUROPE: SPEECH AND VOICE RECOGNITION MARKET, BY VERTICAL, 2021–2024 (USD MILLION)
  • TABLE 143 EUROPE: SPEECH AND VOICE RECOGNITION MARKET, BY VERTICAL, 2025–2030 (USD MILLION)
  • TABLE 144 ASIA PACIFIC: SPEECH AND VOICE RECOGNITION MARKET, BY COUNTRY, 2021–2024 (USD MILLION)
  • TABLE 145 ASIA PACIFIC: SPEECH AND VOICE RECOGNITION MARKET, BY COUNTRY, 2025–2030 (USD MILLION)
  • TABLE 146 ASIA PACIFIC: SPEECH AND VOICE RECOGNITION MARKET, BY VERTICAL, 2021–2024 (USD MILLION)
  • TABLE 147 ASIA PACIFIC: SPEECH AND VOICE RECOGNITION MARKET, BY VERTICAL, 2025–2030 (USD MILLION)
  • TABLE 148 ROW: SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 149 ROW: SPEECH AND VOICE RECOGNITION MARKET, BY REGION,2025–2030 (USD MILLION)
  • TABLE 150 ROW: SPEECH AND VOICE RECOGNITION MARKET, BY VERTICAL, 2021–2024 (USD MILLION)
  • TABLE 151 ROW: SPEECH AND VOICE RECOGNITION MARKET, BY VERTICAL, 2025–2030 (USD MILLION)
  • TABLE 152 SPEECH AND VOICE RECOGNITION MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, JANUARY 2021–JUNE 2025
  • TABLE 153 SPEECH AND VOICE RECOGNITION MARKET: DEGREE OF COMPETITION, 2024
  • TABLE 154 SPEECH AND VOICE RECOGNITION MARKET: REGION FOOTPRINT
  • TABLE 155 SPEECH AND VOICE RECOGNITION MARKET: TECHNOLOGY FOOTPRINT
  • TABLE 156 SPEECH AND VOICE RECOGNITION MARKET: DEPLOYMENT MODE FOOTPRINT
  • TABLE 157 SPEECH AND VOICE RECOGNITION MARKET: APPLICATION FOOTPRINT
  • TABLE 158 SPEECH AND VOICE RECOGNITION MARKET: VERTICAL FOOTPRINT
  • TABLE 159 SPEECH AND VOICE RECOGNITION MARKET: DETAILED LIST OF KEY STARTUPS/SMES
  • TABLE 160 SPEECH AND VOICE RECOGNITION MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
  • TABLE 161 SPEECH AND VOICE RECOGNITION MARKET: PRODUCT LAUNCHES, JANUARY 2021−JUNE 2025
  • TABLE 162 SPEECH AND VOICE RECOGNITION MARKET: DEALS, JANUARY 2021–JUNE 2025
  • TABLE 163 MICROSOFT: COMPANY OVERVIEW
  • TABLE 164 MICROSOFT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 165 MICROSOFT: PRODUCT LAUNCHES
  • TABLE 166 IBM: COMPANY OVERVIEW
  • TABLE 167 IBM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 168 IBM: PRODUCT LAUNCHES
  • TABLE 169 ALPHABET: COMPANY OVERVIEW
  • TABLE 170 ALPHABET: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 171 ALPHABET: PRODUCT LAUNCHES
  • TABLE 172 AMAZON.COM, INC.: COMPANY OVERVIEW
  • TABLE 173 AMAZON.COM, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 174 AMAZON.COM, INC.: PRODUCT LAUNCHES
  • TABLE 175 AMAZON.COM, INC.: DEALS
  • TABLE 176 APPLE INC.: COMPANY OVERVIEW
  • TABLE 177 APPLE INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 178 APPLE INC.: PRODUCT LAUNCHES
  • TABLE 179 BAIDU INC.: COMPANY OVERVIEW
  • TABLE 180 BAIDU INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 181 BAIDU INC.: PRODUCT LAUNCHES
  • TABLE 182 BAIDU INC.: DEALS
  • TABLE 183 IFLYTEK CORPORATION: COMPANY OVERVIEW
  • TABLE 184 IFLYTEK CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 185 IFLYTEK CORPORATION: PRODUCT LAUNCHES
  • TABLE 186 SESTEK: COMPANY OVERVIEW
  • TABLE 187 SESTEK: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 188 SESTEK: PRODUCT LAUNCHES
  • TABLE 189 SPEAK2WEB: COMPANY OVERVIEW
  • TABLE 190 SPEAK2WEB: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 191 VERINT SYSTEMS INC.: COMPANY OVERVIEW
  • TABLE 192 VERINT SYSTEMS INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 193 VERINT SYSTEMS INC.: PRODUCT LAUNCHES
  • TABLE 194 VERINT SYSTEMS INC.: DEALS
  • TABLE 195 SPEECHMATICS: COMPANY OVERVIEW
  • TABLE 196 SPEECHMATICS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 197 SPEECHMATICS: PRODUCT LAUNCHES
  • TABLE 198 SPEECHMATICS: DEALS
  • TABLE 199 DEEPGRAM: COMPANY OVERVIEW
  • TABLE 200 DEEPGRAM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 201 DEEPGRAM: PRODUCT LAUNCHES
  • TABLE 202 VOICEITT: COMPANY OVERVIEW
  • TABLE 203 VOICEITT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 204 VOICEGAIN: COMPANY OVERVIEW
  • TABLE 205 VOICEGAIN: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 206 VOICEGAIN: PRODUCT LAUNCHES
  • TABLE 207 SENSORY INC.: COMPANY OVERVIEW
  • TABLE 208 SENSORY INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 209 SENSORY INC.: PRODUCT LAUNCHES
  • TABLE 210 ASSEMBLYAI, INC.: COMPANY OVERVIEW
  • TABLE 211 ASSEMBLYAI, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 212 ASSEMBLYAI, INC.: PRODUCT LAUNCHES
  • TABLE 213 ASEEMBLYAI, INC.: DEALS
  • TABLE 214 VERBIT.AI: COMPANY OVERVIEW
  • TABLE 215 VERBIT.AI: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 216 VERBIT.AI: PRODUCT LAUNCHES
  • TABLE 217 VERBIT: DEALS
  • TABLE 218 OTTER.AI INC: COMPANY OVERVIEW
  • TABLE 219 OTTER.AI INC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 220 OTTER.AI INC: PRODUCT LAUNCHES
  • TABLE 221 REV: COMPANY OVERVIEW
  • TABLE 222 REV: PRODUCTS/SOLUTIONS/SERVICES OFFERED
LIST OF FIGURES
 
  • FIGURE 1 SPEECH AND VOICE RECOGNITION MARKET SEGMENTATION AND REGIONAL SCOPE
  • FIGURE 2 DURATION CONSIDERED
  • FIGURE 3 SPEECH AND VOICE RECOGNITION MARKET: RESEARCH FLOW
  • FIGURE 4 SPEECH AND VOICE RECOGNITION MARKET: RESEARCH DESIGN
  • FIGURE 5 SPEECH AND VOICE RECOGNITION MARKET: RESEARCH APPROACH
  • FIGURE 6 DATA CAPTURED FROM SECONDARY SOURCES
  • FIGURE 7 DATA CAPTURED FROM PRIMARY SOURCES
  • FIGURE 8 CORE FINDINGS FROM INDUSTRY EXPERTS
  • FIGURE 9 BREAKDOWN OF PRIMARY INTERVIEWS, BY COMPANY TYPE, DESIGNATION, AND REGION
  • FIGURE 10 SPEECH AND VOICE RECOGNITION MARKET: BOTTOM-UP APPROACH
  • FIGURE 11 SPEECH AND VOICE RECOGNITION MARKET SIZE ESTIMATION
  • FIGURE 12 SPEECH AND VOICE RECOGNITION MARKET: TOP-DOWN APPROACH
  • FIGURE 13 SPEECH AND VOICE RECOGNITION MARKET: DATA TRIANGULATION
  • FIGURE 14 SPEECH AND VOICE RECOGNITION MARKET: RESEARCH ASSUMPTIONS
  • FIGURE 15 SPEECH AND VOICE RECOGNITION MARKET: RESEARCH LIMITATIONS
  • FIGURE 16 AUTOMATIC SPEECH RECOGNITION SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE IN 2025
  • FIGURE 17 CLOUD-BASED SEGMENT TO EXHIBIT HIGHER CAGR DURING FORECAST PERIOD
  • FIGURE 18 BFSI SEGMENT TO RECORD HIGHEST CAGR BETWEEN 2025 AND 2030
  • FIGURE 19 ASIA PACIFIC TO EXHIBIT HIGHEST CAGR IN SPEECH AND VOICE RECOGNITION MARKET DURING FORECAST PERIOD
  • FIGURE 20 RAPID ADVANCES IN AI AND NATURAL LANGUAGE PROCESSING TO CONTRIBUTE TO MARKET GROWTH
  • FIGURE 21 VOICE RECOGNITION SEGMENT TO RECORD HIGHEST CAGR FROM 2025 TO 2030
  • FIGURE 22 VOICE SEARCH SEGMENT TO CAPTURE LARGEST MARKET SHARE IN 2025
  • FIGURE 23 CONSUMER ELECTRONICS SEGMENT AND NORTH AMERICA TO HOLD LARGEST SHARES OF SPEECH AND VOICE RECOGNITION MARKET IN 2030
  • FIGURE 24 CHINA TO EXHIBIT HIGHEST CAGR IN GLOBAL SPEECH AND VOICE RECOGNITION MARKET FROM 2025 TO 2030
  • FIGURE 25 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  • FIGURE 26 USE OF VOICE RECOGNITION TECHNOLOGY TO PREVENT IDENTITY THEFT IN BANKING AND FINANCE
  • FIGURE 27 DRIVERS: IMPACT ANALYSIS
  • FIGURE 28 RESTRAINTS: IMPACT ANALYSIS
  • FIGURE 29 OPPORTUNITIES: IMPACT ANALYSIS
  • FIGURE 30 CHALLENGES: IMPACT ANALYSIS
  • FIGURE 31 VALUE CHAIN ANALYSIS
  • FIGURE 32 ECOSYSTEM ANALYSIS
  • FIGURE 33 AVERAGE SELLING PRICE OF AUTOMATIC SPEECH RECOGNITION TECHNOLOGY OFFERED BY KEY PLAYERS, 2024
  • FIGURE 34 AVERAGE SELLING PRICE TREND OF SPEECH AND VOICE RECOGNITION SYSTEMS, BY TECHNOLOGY, 2020–2024
  • FIGURE 35 AVERAGE SELLING PRICE TREND OF AUTOMATIC SPEECH RECOGNITION TECHNOLOGY, BY REGION, 2020–2024
  • FIGURE 36 AVERAGE SELLING PRICE TREND OF VOICE RECOGNITION TECHNOLOGY, BY REGION, 2020–2024
  • FIGURE 37 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • FIGURE 38 PORTER'S FIVE FORCES ANALYSIS, 2024
  • FIGURE 39 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS
  • FIGURE 40 KEY BUYING CRITERIA FOR TOP THREE VERTICALS
  • FIGURE 41 PATENTS APPLIED AND GRANTED, 2015–2024
  • FIGURE 42 IMPORT DATA FOR HS CODE 851989-COMPLIANT PRODUCTS FOR TOP FIVE COUNTRIES, 2020–2024
  • FIGURE 43 EXPORT DATA FOR HS CODE 851989-COMPLIANT PRODUCTS FOR TOP FIVE COUNTRIES, 2020–2024
  • FIGURE 44 AI USE CASES IN SPEECH AND VOICE RECOGNITION MARKET
  • FIGURE 45 SPEECH AND VOICE RECOGNITION TYPES
  • FIGURE 46 SPEECH AND VOICE RECOGNITION MARKET, BY TECHNOLOGY
  • FIGURE 47 VOICE RECOGNITION TECHNOLOGY TO RECORD HIGHER CAGR THAN SPEECH RECOGNITION TECHNOLOGY DURING FORECAST PERIOD
  • FIGURE 48 VOICE RECOGNITION PHASE PROCESS
  • FIGURE 49 SPEAKER VERIFICATION PROCESS
  • FIGURE 50 SPEECH AND VOICE RECOGNITION MARKET, BY DEPLOYMENT MODE
  • FIGURE 51 CLOUD-BASED SEGMENT TO DOMINATE SPEECH AND VOICE RECOGNITION MARKET BETWEEN 2025 AND 2030
  • FIGURE 52 SPEECH AND VOICE RECOGNITION MARKET, BY APPLICATION
  • FIGURE 53 VOICE SEARCH SEGMENT TO ACCOUNT FOR LARGEST SHARE OF SPEECH AND VOICE RECOGNITION MARKET IN 2030
  • FIGURE 54 CONSUMER ELECTRONICS SEGMENT TO DOMINATE SPEECH AND VOICE RECOGNITION MARKET DURING FORECAST PERIOD
  • FIGURE 55 SPEECH AND VOICE RECOGNITION MARKET, BY REGION
  • FIGURE 56 ASIA PACIFIC TO EXHIBIT HIGHEST CAGR IN SPEECH AND VOICE RECOGNITION MARKET FROM 2025 TO 2030
  • FIGURE 57 NORTH AMERICA: SPEECH AND VOICE RECOGNITION MARKET SNAPSHOT
  • FIGURE 58 EUROPE: SPEECH AND VOICE RECOGNITION MARKET SNAPSHOT
  • FIGURE 59 ASIA PACIFIC: SPEECH AND VOICE RECOGNITION MARKET SNAPSHOT
  • FIGURE 60 ROW: SPEECH AND VOICE RECOGNITION MARKET SNAPSHOT
  • FIGURE 61 SPEECH AND VOICE RECOGNITION MARKET: REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2020–2024
  • FIGURE 62 MARKET SHARE ANALYSIS OF COMPANIES OFFERING SPEECH AND VOICE RECOGNITION TECHNOLOGIES, 2024
  • FIGURE 63 SPEECH AND VOICE RECOGNITION MARKET: COMPANY EVALUATION MATRIX(KEY PLAYERS), 2024
  • FIGURE 64 SPEECH AND VOICE RECOGNITION MARKET: COMPANY FOOTPRINT
  • FIGURE 65 SPEECH AND VOICE RECOGNITION MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024
  • FIGURE 66 MICROSOFT: COMPANY SNAPSHOT
  • FIGURE 67 IBM: COMPANY SNAPSHOT
  • FIGURE 68 ALPHABET: COMPANY SNAPSHOT
  • FIGURE 69 AMAZON.COM, INC.: COMPANY SNAPSHOT
  • FIGURE 70 APPLE INC.: COMPANY SNAPSHOT
  • FIGURE 71 BAIDU INC.: COMPANY SNAPSHOT
  • FIGURE 72 IFLYTEK CORPORATION: COMPANY SNAPSHOT
  • FIGURE 73 VERINT SYSTEMS INC.: COMPANY SNAPSHOT

The study used four major activities to estimate the speech and voice recognition market size. Exhaustive secondary research was conducted to gather information on the market and its peer and parent markets. The next step was to validate these findings, assumptions, and market size with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. Finally, market breakdown and data triangulation methods were used to estimate the market size for different segments and subsegments.

Secondary Research

In the secondary research process, various sources were used to identify and collect information on the speech and voice recognition market. Secondary sources for this research study include corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers; certified publications; and articles by recognized authors, directories, and databases. The secondary data was collected and analyzed to determine the overall market size, and was further validated through primary research.

List of key secondary sources

Source

Web Link

Ministry of Electronics & Information Technology

https://www.meity.gov.in/esdm/standards

Institute of Electrical & Electronics Engineering

https://www.ieee.org/

Semiconductor Industry Association (SIA)

https://www.semiconductors.org/

Primary Research

Primary interviews were conducted to gather insights on market statistics, revenue data, market breakdowns, size estimations, and forecasting. Additionally, primary research was used to comprehend various technologies, types, applications, and regional trends. Interviews with stakeholders from the demand side, including CIOs, CTOs, CSOs, and customer/end user installation teams using speech and voice recognition offerings and processes, were also conducted to understand their perspective on suppliers, products, component providers, and their current and future use of speech and voice recognitions, which will impact the overall market. Several primary interviews were conducted across major countries in North America, Europe, the Asia Pacific, and RoW.

Speech and Voice Recognition Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the complete market engineering process, top-down and bottom-up approaches and several data triangulation methods have been used to estimate and forecast the overall market segments and subsegments listed in this report. Key players in the market have been identified through secondary research, and their market shares in the respective regions have been determined through primary and secondary research. This entire procedure includes the study of annual and financial reports of the top market players and extensive interviews for key insights (quantitative and qualitative) with industry experts (CEOs, VPs, directors, and marketing executives).

All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All the parameters affecting the markets covered in this research study have been accounted for, viewed in detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report. The following figure represents this study's overall market size estimation process.

Speech and Voice Recognition Market : Top-Down and Bottom-Up Approach

Speech and Voice Recognition Market Top Down and Bottom Up Approach

Data Triangulation

Once the overall size of the speech and voice recognition market has been determined using the methods described above, it has been divided into multiple segments and subsegments. Market engineering has been performed for each segment and subsegment using market breakdown and data triangulation methods, as applicable, to obtain accurate statistics. Various factors and trends from the demand and supply sides have been studied to triangulate the data. The market size has been validated using both top-down and bottom-up approaches.

Market Definition

Speech recognition is the ability of a machine or program to identify words and phrases in spoken language and convert them to a machine-readable format. In contrast, voice recognition aims to identify the person who is speaking by catching the unique dialect among individuals. Speech and voice recognition is the technology by which sounds, words, or phrases spoken by human beings are converted into electrical signals. These signals are then transformed into coding patterns. Speech and voice recognition software solutions are used for dictation, system control, commercial and industrial applications, voice dialing, and other purposes. Many speech and voice recognition applications and devices are available, but the more advanced solutions rely on artificial intelligence and machine learning. They combine grammar, syntax, structure, and composition of audio and voice signals to interpret and analyze human speech.

Key Stakeholders

  • Banking, financial services, and insurance players
  • Speech and voice recognition application developers/traders/suppliers
  • Speech and voice recognition patent assignees
  • Smart home and home automation product manufacturers
  • Autonomous car developers and manufacturers
  • Research institutes and organizations
  • Virtual assistant product manufacturers
  • Consumer electronics manufacturers
  • Healthcare service providers
  • Government agencies
  • Speech and voice recognition application program interface (API) providers
  • Market research and consulting firms

Report Objectives

  • To describe and forecast the speech and voice recognition market, by technology, deployment mode, application, vertical, and region, in terms of value
  • To describe and forecast the market for various segments across four main regions, namely, North America, Europe, Asia Pacific, and RoW, in terms of value
  • To strategically analyze micromarkets with regard to individual growth trends, prospects, and contributions to the markets
  • To provide detailed information regarding drivers, restraints, opportunities, and challenges influencing market growth
  • To analyze opportunities for stakeholders by identifying high-growth segments in the market
  • To provide a detailed overview of the speech and voice recognition value chain
  • To strategically analyze key technologies, average selling price trends, trends impacting customer business, ecosystem, regulatory landscape, patent landscape, Porter's five forces, import and export scenarios, trade landscape, key stakeholders, buying criteria, and case studies pertaining to the market under study
  • To strategically profile key players in the speech and voice recognition market and comprehensively analyze their market share and core competencies
  • To analyze competitive developments such as partnerships, acquisitions, expansions, collaborations, and product launches, along with R&D in the speech and voice recognition market

Available customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

Regional Analysis:

  • Detailed analysis and profiling of additional market players (up to 5)
  • Additional country-level analysis of the speech and voice recognition market

Product Analysis

  • The product matrix provides a detailed comparison of the product portfolio of each company in the speech and voice recognition market.

Previous Versions of this Report

Speech and Voice Recognition Market by Deployment Mode (On-Cloud, On-Premises/Embedded), Technology (Speech Recognition, Voice Recognition), Vertical and Geography (Americas, Europe, APAC, Rest of the World) - Global Forecast to 2027

Report Code SE 4365
Published in Jun, 2022, By MarketsandMarkets™

Speech and Voice Recognition Market with COVID-19 Impact Analysis by Delivery Method, Deployment Mode (On Cloud, On-Premises/Embedded), Technology (Speech Recognition, Voice Recognition), Vertical and Geography - Global Forecast to 2026

Report Code SE 4365
Published in Aug, 2021, By MarketsandMarkets™

Speech and Voice Recognition Market by Technology (Speech and Voice Recognition), Vertical (Automotive, Consumer, Government, Enterprise, Healthcare, BFSI), Deployment (On Cloud & On-Premises/Embedded), and Geography - Global Forecast to 2024

Report Code SE 4365
Published in Jan, 2019, By MarketsandMarkets™

Speech and Voice Recognition Market by Technology (Speech Recognition, Voice Recognition), Vertical (Automotive, Consumer, Banking, Financial Services and Insurance (BFSI), Retail, Education, Healthcare & Government) and Geography - Global Forecast to 2023

Report Code SE 4365
Published in Aug, 2017, By MarketsandMarkets™

Speech & Voice Recognition Market by Technology (Speech Recognition, Voice Recognition), Application (AI Based, Non AI Based), Vertical (Automotive, Consumer, Finance, Retail, Military, Healthcare & Government) and Geography - Global Forecast to 2022

Report Code SE 4365
Published in Jun, 2016, By MarketsandMarkets™
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Growth opportunities and latent adjacency in Speech and Voice Recognition Market

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Jun, 2022

We require such analysis which can exclusively help our organization with revenue growth. Are there specific insights in this domain which you could share?.

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