The global Speech Recognition market was valued at US$ 9735.7 million in 2022 and is projected to reach US$ 17440 million by 2029, at a CAGR of 8.7% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Speech recognition technology is a high technology that enables machines to transform speech signals into corresponding text or commands through the recognition and understanding process.Speech recognition technology mainly includes feature extraction technology, pattern matching criterion and model training technology.
This report aims to provide a comprehensive presentation of the global market for Speech Recognition, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Speech Recognition. This report contains market size and forecasts of Speech Recognition in global, including the following market information:
Global Speech Recognition Market Revenue, 2018-2023, 2024-2032, ($ millions)
Global top five companies in 2022 (%)
The adoption of artificial intelligence and Internet of Things is driving the global speech recognition market.
We has surveyed the Speech Recognition companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Speech Recognition Market, by Type, 2018-2023, 2024-2032 ($ millions)
Global Speech Recognition Market Segment Percentages, by Type, 2022 (%)
- Speaker Dependent
- Speaker Independent
Global Speech Recognition Market, by Application, 2018-2023, 2024-2032 ($ millions)
Global Speech Recognition Market Segment Percentages, by Application, 2022 (%)
- Military
- Automotive
- Healthcare
Global Speech Recognition Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions)
Global Speech Recognition Market Segment Percentages, By Region and Country, 2022 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Speech Recognition revenues in global market, 2018-2023 (estimated), ($ millions)
- Key companies Speech Recognition revenues share in global market, 2022 (%)
key players include:
- Nuance
- Microsoft
- Agnitio
- VoiceVault
- VoiceBox Technologies
- Google
- LumenVox
- Raytheon BBN Technologies
- Advanced Voice Recognition Systems
- Sensory
- ReadSpeaker Holding
- Iflytek
- AT&T
- Fluent
Outline of Major Chapters:
Chapter 1: Introduces the definition of Speech Recognition, market overview.
Chapter 2: Global Speech Recognition market size in revenue.
Chapter 3: Detailed analysis of Speech Recognition company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Speech Recognition in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
TABLE OF CONTENTS
1 Introduction to Research & Analysis Reports
1.1 Speech Recognition Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Speech Recognition Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Speech Recognition Overall Market Size
2.1 Global Speech Recognition Market Size: 2022 VS 2032
2.2 Global Speech Recognition Market Size, Prospects & Forecasts: 2018-2032
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top Speech Recognition Players in Global Market
3.2 Top Global Speech Recognition Companies Ranked by Revenue
3.3 Global Speech Recognition Revenue by Companies
3.4 Top 3 and Top 5 Speech Recognition Companies in Global Market, by Revenue in 2022
3.5 Global Companies Speech Recognition Product Type
3.6 Tier 1, Tier 2 and Tier 3 Speech Recognition Players in Global Market
3.6.1 List of Global Tier 1 Speech Recognition Companies
3.6.2 List of Global Tier 2 and Tier 3 Speech Recognition Companies
4 Market Sights by Product
4.1 Overview
4.1.1 By Type - Global Speech Recognition Market Size Markets, 2022 & 2032
4.1.2 Speaker Dependent
4.1.3 Speaker Independent
4.2 By Type - Global Speech Recognition Revenue & Forecasts
4.2.1 By Type - Global Speech Recognition Revenue, 2018-2023
4.2.2 By Type - Global Speech Recognition Revenue, 2024-2032
4.2.3 By Type - Global Speech Recognition Revenue Market Share, 2018-2032
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global Speech Recognition Market Size, 2022 & 2032
5.1.2 Military
5.1.3 Automotive
5.1.4 Healthcare
5.2 By Application - Global Speech Recognition Revenue & Forecasts
5.2.1 By Application - Global Speech Recognition Revenue, 2018-2023
5.2.2 By Application - Global Speech Recognition Revenue, 2024-2032
5.2.3 By Application - Global Speech Recognition Revenue Market Share, 2018-2032
6 Sights by Region
6.1 By Region - Global Speech Recognition Market Size, 2022 & 2032
6.2 By Region - Global Speech Recognition Revenue & Forecasts
6.2.1 By Region - Global Speech Recognition Revenue, 2018-2023
6.2.2 By Region - Global Speech Recognition Revenue, 2024-2032
6.2.3 By Region - Global Speech Recognition Revenue Market Share, 2018-2032
6.3 North America
6.3.1 By Country - North America Speech Recognition Revenue, 2018-2032
6.3.2 US Speech Recognition Market Size, 2018-2032
6.3.3 Canada Speech Recognition Market Size, 2018-2032
6.3.4 Mexico Speech Recognition Market Size, 2018-2032
6.4 Europe
6.4.1 By Country - Europe Speech Recognition Revenue, 2018-2032
6.4.2 Germany Speech Recognition Market Size, 2018-2032
6.4.3 France Speech Recognition Market Size, 2018-2032
6.4.4 U.K. Speech Recognition Market Size, 2018-2032
6.4.5 Italy Speech Recognition Market Size, 2018-2032
6.4.6 Russia Speech Recognition Market Size, 2018-2032
6.4.7 Nordic Countries Speech Recognition Market Size, 2018-2032
6.4.8 Benelux Speech Recognition Market Size, 2018-2032
6.5 Asia
6.5.1 By Region - Asia Speech Recognition Revenue, 2018-2032
6.5.2 China Speech Recognition Market Size, 2018-2032
6.5.3 Japan Speech Recognition Market Size, 2018-2032
6.5.4 South Korea Speech Recognition Market Size, 2018-2032
6.5.5 Southeast Asia Speech Recognition Market Size, 2018-2032
6.5.6 India Speech Recognition Market Size, 2018-2032
6.6 South America
6.6.1 By Country - South America Speech Recognition Revenue, 2018-2032
6.6.2 Brazil Speech Recognition Market Size, 2018-2032
6.6.3 Argentina Speech Recognition Market Size, 2018-2032
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa Speech Recognition Revenue, 2018-2032
6.7.2 Turkey Speech Recognition Market Size, 2018-2032
6.7.3 Israel Speech Recognition Market Size, 2018-2032
6.7.4 Saudi Arabia Speech Recognition Market Size, 2018-2032
6.7.5 UAE Speech Recognition Market Size, 2018-2032
7 Speech Recognition Companies Profiles
7.1 Nuance
7.1.1 Nuance Company Summary
7.1.2 Nuance Business Overview
7.1.3 Nuance Speech Recognition Major Product Offerings
7.1.4 Nuance Speech Recognition Revenue in Global Market (2018-2023)
7.1.5 Nuance Key News & Latest Developments
7.2 Microsoft
7.2.1 Microsoft Company Summary
7.2.2 Microsoft Business Overview
7.2.3 Microsoft Speech Recognition Major Product Offerings
7.2.4 Microsoft Speech Recognition Revenue in Global Market (2018-2023)
7.2.5 Microsoft Key News & Latest Developments
7.3 Agnitio
7.3.1 Agnitio Company Summary
7.3.2 Agnitio Business Overview
7.3.3 Agnitio Speech Recognition Major Product Offerings
7.3.4 Agnitio Speech Recognition Revenue in Global Market (2018-2023)
7.3.5 Agnitio Key News & Latest Developments
7.4 VoiceVault
7.4.1 VoiceVault Company Summary
7.4.2 VoiceVault Business Overview
7.4.3 VoiceVault Speech Recognition Major Product Offerings
7.4.4 VoiceVault Speech Recognition Revenue in Global Market (2018-2023)
7.4.5 VoiceVault Key News & Latest Developments
7.5 VoiceBox Technologies
7.5.1 VoiceBox Technologies Company Summary
7.5.2 VoiceBox Technologies Business Overview
7.5.3 VoiceBox Technologies Speech Recognition Major Product Offerings
7.5.4 VoiceBox Technologies Speech Recognition Revenue in Global Market (2018-2023)
7.5.5 VoiceBox Technologies Key News & Latest Developments
7.6 Google
7.6.1 Google Company Summary
7.6.2 Google Business Overview
7.6.3 Google Speech Recognition Major Product Offerings
7.6.4 Google Speech Recognition Revenue in Global Market (2018-2023)
7.6.5 Google Key News & Latest Developments
7.7 LumenVox
7.7.1 LumenVox Company Summary
7.7.2 LumenVox Business Overview
7.7.3 LumenVox Speech Recognition Major Product Offerings
7.7.4 LumenVox Speech Recognition Revenue in Global Market (2018-2023)
7.7.5 LumenVox Key News & Latest Developments
7.8 Raytheon BBN Technologies
7.8.1 Raytheon BBN Technologies Company Summary
7.8.2 Raytheon BBN Technologies Business Overview
7.8.3 Raytheon BBN Technologies Speech Recognition Major Product Offerings
7.8.4 Raytheon BBN Technologies Speech Recognition Revenue in Global Market (2018-2023)
7.8.5 Raytheon BBN Technologies Key News & Latest Developments
7.9 Advanced Voice Recognition Systems
7.9.1 Advanced Voice Recognition Systems Company Summary
7.9.2 Advanced Voice Recognition Systems Business Overview
7.9.3 Advanced Voice Recognition Systems Speech Recognition Major Product Offerings
7.9.4 Advanced Voice Recognition Systems Speech Recognition Revenue in Global Market (2018-2023)
7.9.5 Advanced Voice Recognition Systems Key News & Latest Developments
7.10 Sensory
7.10.1 Sensory Company Summary
7.10.2 Sensory Business Overview
7.10.3 Sensory Speech Recognition Major Product Offerings
7.10.4 Sensory Speech Recognition Revenue in Global Market (2018-2023)
7.10.5 Sensory Key News & Latest Developments
7.11 ReadSpeaker Holding
7.11.1 ReadSpeaker Holding Company Summary
7.11.2 ReadSpeaker Holding Business Overview
7.11.3 ReadSpeaker Holding Speech Recognition Major Product Offerings
7.11.4 ReadSpeaker Holding Speech Recognition Revenue in Global Market (2018-2023)
7.11.5 ReadSpeaker Holding Key News & Latest Developments
7.12 Iflytek
7.12.1 Iflytek Company Summary
7.12.2 Iflytek Business Overview
7.12.3 Iflytek Speech Recognition Major Product Offerings
7.12.4 Iflytek Speech Recognition Revenue in Global Market (2018-2023)
7.12.5 Iflytek Key News & Latest Developments
7.13 AT&T
7.13.1 AT&T Company Summary
7.13.2 AT&T Business Overview
7.13.3 AT&T Speech Recognition Major Product Offerings
7.13.4 AT&T Speech Recognition Revenue in Global Market (2018-2023)
7.13.5 AT&T Key News & Latest Developments
7.14 Fluent
7.14.1 Fluent Company Summary
7.14.2 Fluent Business Overview
7.14.3 Fluent Speech Recognition Major Product Offerings
7.14.4 Fluent Speech Recognition Revenue in Global Market (2018-2023)
7.14.5 Fluent Key News & Latest Developments
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer
LIST OF TABLES & FIGURES
List of Tables
Table 1. Speech Recognition Market Opportunities & Trends in Global Market
Table 2. Speech Recognition Market Drivers in Global Market
Table 3. Speech Recognition Market Restraints in Global Market
Table 4. Key Players of Speech Recognition in Global Market
Table 5. Top Speech Recognition Players in Global Market, Ranking by Revenue (2022)
Table 6. Global Speech Recognition Revenue by Companies, (US$, Mn), 2018-2023
Table 7. Global Speech Recognition Revenue Share by Companies, 2018-2023
Table 8. Global Companies Speech Recognition Product Type
Table 9. List of Global Tier 1 Speech Recognition Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 10. List of Global Tier 2 and Tier 3 Speech Recognition Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 11. By Type ? Global Speech Recognition Revenue, (US$, Mn), 2022 & 2032
Table 12. By Type - Speech Recognition Revenue in Global (US$, Mn), 2018-2023
Table 13. By Type - Speech Recognition Revenue in Global (US$, Mn), 2024-2032
Table 14. By Application ? Global Speech Recognition Revenue, (US$, Mn), 2022 & 2032
Table 15. By Application - Speech Recognition Revenue in Global (US$, Mn), 2018-2023
Table 16. By Application - Speech Recognition Revenue in Global (US$, Mn), 2024-2032
Table 17. By Region ? Global Speech Recognition Revenue, (US$, Mn), 2022 & 2032
Table 18. By Region - Global Speech Recognition Revenue (US$, Mn), 2018-2023
Table 19. By Region - Global Speech Recognition Revenue (US$, Mn), 2024-2032
Table 20. By Country - North America Speech Recognition Revenue, (US$, Mn), 2018-2023
Table 21. By Country - North America Speech Recognition Revenue, (US$, Mn), 2024-2032
Table 22. By Country - Europe Speech Recognition Revenue, (US$, Mn), 2018-2023
Table 23. By Country - Europe Speech Recognition Revenue, (US$, Mn), 2024-2032
Table 24. By Region - Asia Speech Recognition Revenue, (US$, Mn), 2018-2023
Table 25. By Region - Asia Speech Recognition Revenue, (US$, Mn), 2024-2032
Table 26. By Country - South America Speech Recognition Revenue, (US$, Mn), 2018-2023
Table 27. By Country - South America Speech Recognition Revenue, (US$, Mn), 2024-2032
Table 28. By Country - Middle East & Africa Speech Recognition Revenue, (US$, Mn), 2018-2023
Table 29. By Country - Middle East & Africa Speech Recognition Revenue, (US$, Mn), 2024-2032
Table 30. Nuance Company Summary
Table 31. Nuance Speech Recognition Product Offerings
Table 32. Nuance Speech Recognition Revenue (US$, Mn) & (2018-2023)
Table 33. Nuance Key News & Latest Developments
Table 34. Microsoft Company Summary
Table 35. Microsoft Speech Recognition Product Offerings
Table 36. Microsoft Speech Recognition Revenue (US$, Mn) & (2018-2023)
Table 37. Microsoft Key News & Latest Developments
Table 38. Agnitio Company Summary
Table 39. Agnitio Speech Recognition Product Offerings
Table 40. Agnitio Speech Recognition Revenue (US$, Mn) & (2018-2023)
Table 41. Agnitio Key News & Latest Developments
Table 42. VoiceVault Company Summary
Table 43. VoiceVault Speech Recognition Product Offerings
Table 44. VoiceVault Speech Recognition Revenue (US$, Mn) & (2018-2023)
Table 45. VoiceVault Key News & Latest Developments
Table 46. VoiceBox Technologies Company Summary
Table 47. VoiceBox Technologies Speech Recognition Product Offerings
Table 48. VoiceBox Technologies Speech Recognition Revenue (US$, Mn) & (2018-2023)
Table 49. VoiceBox Technologies Key News & Latest Developments
Table 50. Google Company Summary
Table 51. Google Speech Recognition Product Offerings
Table 52. Google Speech Recognition Revenue (US$, Mn) & (2018-2023)
Table 53. Google Key News & Latest Developments
Table 54. LumenVox Company Summary
Table 55. LumenVox Speech Recognition Product Offerings
Table 56. LumenVox Speech Recognition Revenue (US$, Mn) & (2018-2023)
Table 57. LumenVox Key News & Latest Developments
Table 58. Raytheon BBN Technologies Company Summary
Table 59. Raytheon BBN Technologies Speech Recognition Product Offerings
Table 60. Raytheon BBN Technologies Speech Recognition Revenue (US$, Mn) & (2018-2023)
Table 61. Raytheon BBN Technologies Key News & Latest Developments
Table 62. Advanced Voice Recognition Systems Company Summary
Table 63. Advanced Voice Recognition Systems Speech Recognition Product Offerings
Table 64. Advanced Voice Recognition Systems Speech Recognition Revenue (US$, Mn) & (2018-2023)
Table 65. Advanced Voice Recognition Systems Key News & Latest Developments
Table 66. Sensory Company Summary
Table 67. Sensory Speech Recognition Product Offerings
Table 68. Sensory Speech Recognition Revenue (US$, Mn) & (2018-2023)
Table 69. Sensory Key News & Latest Developments
Table 70. ReadSpeaker Holding Company Summary
Table 71. ReadSpeaker Holding Speech Recognition Product Offerings
Table 72. ReadSpeaker Holding Speech Recognition Revenue (US$, Mn) & (2018-2023)
Table 73. ReadSpeaker Holding Key News & Latest Developments
Table 74. Iflytek Company Summary
Table 75. Iflytek Speech Recognition Product Offerings
Table 76. Iflytek Speech Recognition Revenue (US$, Mn) & (2018-2023)
Table 77. Iflytek Key News & Latest Developments
Table 78. AT&T Company Summary
Table 79. AT&T Speech Recognition Product Offerings
Table 80. AT&T Speech Recognition Revenue (US$, Mn) & (2018-2023)
Table 81. AT&T Key News & Latest Developments
Table 82. Fluent Company Summary
Table 83. Fluent Speech Recognition Product Offerings
Table 84. Fluent Speech Recognition Revenue (US$, Mn) & (2018-2023)
Table 85. Fluent Key News & Latest Developments
List of Figures
Figure 1. Speech Recognition Segment by Type in 2022
Figure 2. Speech Recognition Segment by Application in 2022
Figure 3. Global Speech Recognition Market Overview: 2022
Figure 4. Key Caveats
Figure 5. Global Speech Recognition Market Size: 2022 VS 2032 (US$, Mn)
Figure 6. Global Speech Recognition Revenue, 2018-2032 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by Speech Recognition Revenue in 2022
Figure 8. By Type - Global Speech Recognition Revenue Market Share, 2018-2032
Figure 9. By Application - Global Speech Recognition Revenue Market Share, 2018-2032
Figure 10. By Type - Global Speech Recognition Revenue, (US$, Mn), 2022 & 2032
Figure 11. By Type - Global Speech Recognition Revenue Market Share, 2018-2032
Figure 12. By Application - Global Speech Recognition Revenue, (US$, Mn), 2022 & 2032
Figure 13. By Application - Global Speech Recognition Revenue Market Share, 2018-2032
Figure 14. By Region - Global Speech Recognition Revenue Market Share, 2018-2032
Figure 15. By Country - North America Speech Recognition Revenue Market Share, 2018-2032
Figure 16. US Speech Recognition Revenue, (US$, Mn), 2018-2032
Figure 17. Canada Speech Recognition Revenue, (US$, Mn), 2018-2032
Figure 18. Mexico Speech Recognition Revenue, (US$, Mn), 2018-2032
Figure 19. By Country - Europe Speech Recognition Revenue Market Share, 2018-2032
Figure 20. Germany Speech Recognition Revenue, (US$, Mn), 2018-2032
Figure 21. France Speech Recognition Revenue, (US$, Mn), 2018-2032
Figure 22. U.K. Speech Recognition Revenue, (US$, Mn), 2018-2032
Figure 23. Italy Speech Recognition Revenue, (US$, Mn), 2018-2032
Figure 24. Russia Speech Recognition Revenue, (US$, Mn), 2018-2032
Figure 25. Nordic Countries Speech Recognition Revenue, (US$, Mn), 2018-2032
Figure 26. Benelux Speech Recognition Revenue, (US$, Mn), 2018-2032
Figure 27. By Region - Asia Speech Recognition Revenue Market Share, 2018-2032
Figure 28. China Speech Recognition Revenue, (US$, Mn), 2018-2032
Figure 29. Japan Speech Recognition Revenue, (US$, Mn), 2018-2032
Figure 30. South Korea Speech Recognition Revenue, (US$, Mn), 2018-2032
Figure 31. Southeast Asia Speech Recognition Revenue, (US$, Mn), 2018-2032
Figure 32. India Speech Recognition Revenue, (US$, Mn), 2018-2032
Figure 33. By Country - South America Speech Recognition Revenue Market Share, 2018-2032
Figure 34. Brazil Speech Recognition Revenue, (US$, Mn), 2018-2032
Figure 35. Argentina Speech Recognition Revenue, (US$, Mn), 2018-2032
Figure 36. By Country - Middle East & Africa Speech Recognition Revenue Market Share, 2018-2032
Figure 37. Turkey Speech Recognition Revenue, (US$, Mn), 2018-2032
Figure 38. Israel Speech Recognition Revenue, (US$, Mn), 2018-2032
Figure 39. Saudi Arabia Speech Recognition Revenue, (US$, Mn), 2018-2032
Figure 40. UAE Speech Recognition Revenue, (US$, Mn), 2018-2032
Figure 41. Nuance Speech Recognition Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 42. Microsoft Speech Recognition Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 43. Agnitio Speech Recognition Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 44. VoiceVault Speech Recognition Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 45. VoiceBox Technologies Speech Recognition Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 46. Google Speech Recognition Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 47. LumenVox Speech Recognition Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 48. Raytheon BBN Technologies Speech Recognition Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 49. Advanced Voice Recognition Systems Speech Recognition Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 50. Sensory Speech Recognition Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 51. ReadSpeaker Holding Speech Recognition Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 52. Iflytek Speech Recognition Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 53. AT&T Speech Recognition Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 54. Fluent Speech Recognition Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
