Speech and Voice Recognition Market by Type (Speech and Voice Recognition), End User (Automotive, Healthcare, BFSI, Education, Legal), Technology (Artificial Intelligence and Non-Artificial Intelligence), and Geography - Global Forecast to 2025

8820.22
Present Value (M$)
2018
26790
Forecast Value (M$)
2025
17.2%
CAGR (%)

The global speech and voice recognition market is expected to grow at a CAGR of 17.2% from 2019 to reach $26.79 billion by 2025, where Asia Pacific speech and voice recognition market is expected to grow at the highest CAGR.

Main companies

  • Nuance Communications (U.S.)
  • Google LLC (U.S.)
  • Apple
  • Inc. (U.S.).
  • Amazon.com
  • Inc. (U.S.)
  • Microsoft Corporation (U.S.)
  • IBM Corporation (U.S.)
  • iFlytek (China)
  • Baidu (China)
  • LumenVox LLC (U.S.)
  • Sensory
  • Inc. (U.S.)
  • Sestek (Turkey)
  • Dolbey Systems
  • Inc. (OH)