voice and speech recognition software market forecast (2020-2025)

10460
Present Value (M$)
2018
27527.00
Forecast Value (M$)
2025
17.5%
CAGR (%)

The global voice and speech recognition software market size was valued at USD 10.46 billion in 2018 and is anticipated to showcase a CAGR of 17.5% from 2019 to 2025.The market is anticipated to be driven by technological advancements and rising adoption of the software in advanced electronic devices.

Main companies

  • Advanced Voice Recognition Systems
  • Inc.; Agnitio S.L.; Amazon.com
  • Inc.; Api.ai; Apple
  • Inc.; Anhui USTC iFlytek o.
  • Ltd.; Baidu
  • Inc.; BioTrust ID B.V.; CastleOS Software
  • LLC; Facebook
  • Inc.; Google
  • Inc.; International Business Machines Corporation; JStar; LumenVox LLC; M2SYSLLC; Microsoft Corporation; MModal
  • Inc.; Nortek Holdings
  • Inc.; Nuance Communications
  • Inc.; Raytheon Company; SemVox GmbH; Sensory
  • Inc.; ValidSoft U.K. Limited; VoiceBox Technologies Corporation; VoiceVault
  • Inc.