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Speech Recognition-Global Market Insights and Sales Trends 2025
Synopsis
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.
The global Speech Recognition market size is expected to reach US$ 17490 million by 2029, growing at a CAGR of 9.1% from 2023 to 2029. The market is mainly driven by the significant applications of Speech Recognition in various end use industries. The expanding demands from the Military, Automotive and Healthcare,, are propelling Speech Recognition market. Speaker Dependent, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Speaker Independent segment is estimated at % CAGR for the next seven-year period.
The adoption of artificial intelligence and Internet of Things is driving the global speech recognition market.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Speech Recognition, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Speech Recognition market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Speech Recognition market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Speech Recognition sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Speech Recognition covered in this report include Nuance, Microsoft, Agnitio, VoiceVault, VoiceBox Technologies, Google, LumenVox, Raytheon BBN Technologies and Advanced Voice Recognition Systems, etc.
The global Speech Recognition market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Nuance
Microsoft
Agnitio
VoiceVault
VoiceBox Technologies
Google
LumenVox
Raytheon BBN Technologies
Advanced Voice Recognition Systems
Sensory
ReadSpeaker Holding
Iflytek
AT&T
Fluent
Global Speech Recognition market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Speech Recognition market, Segment by Type:
Speaker Dependent
Speaker Independent
Global Speech Recognition market, by Application
Military
Automotive
Healthcare
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: 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 Three: 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 Four: Detailed analysis of Speech Recognition companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
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.
The global Speech Recognition market size is expected to reach US$ 17490 million by 2029, growing at a CAGR of 9.1% from 2023 to 2029. The market is mainly driven by the significant applications of Speech Recognition in various end use industries. The expanding demands from the Military, Automotive and Healthcare,, are propelling Speech Recognition market. Speaker Dependent, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Speaker Independent segment is estimated at % CAGR for the next seven-year period.
The adoption of artificial intelligence and Internet of Things is driving the global speech recognition market.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Speech Recognition, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Speech Recognition market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Speech Recognition market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Speech Recognition sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Speech Recognition covered in this report include Nuance, Microsoft, Agnitio, VoiceVault, VoiceBox Technologies, Google, LumenVox, Raytheon BBN Technologies and Advanced Voice Recognition Systems, etc.
The global Speech Recognition market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Nuance
Microsoft
Agnitio
VoiceVault
VoiceBox Technologies
LumenVox
Raytheon BBN Technologies
Advanced Voice Recognition Systems
Sensory
ReadSpeaker Holding
Iflytek
AT&T
Fluent
Global Speech Recognition market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Speech Recognition market, Segment by Type:
Speaker Dependent
Speaker Independent
Global Speech Recognition market, by Application
Military
Automotive
Healthcare
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: 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 Three: 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 Four: Detailed analysis of Speech Recognition companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Speech Recognition
1.1 Speech Recognition Market Overview
1.1.1 Speech Recognition Product Scope
1.1.2 Speech Recognition Market Status and Outlook
1.2 Global Speech Recognition Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Speech Recognition Market Size by Region (2018-2029)
1.4 Global Speech Recognition Historic Market Size by Region (2018-2023)
1.5 Global Speech Recognition Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Speech Recognition Market Size (2018-2029)
1.6.1 North America Speech Recognition Market Size (2018-2029)
1.6.2 Europe Speech Recognition Market Size (2018-2029)
1.6.3 Asia-Pacific Speech Recognition Market Size (2018-2029)
1.6.4 Latin America Speech Recognition Market Size (2018-2029)
1.6.5 Middle East & Africa Speech Recognition Market Size (2018-2029)
2 Speech Recognition Market by Type
2.1 Introduction
2.1.1 Speaker Dependent
2.1.2 Speaker Independent
2.2 Global Speech Recognition Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Speech Recognition Historic Market Size by Type (2018-2023)
2.2.2 Global Speech Recognition Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Speech Recognition Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Speech Recognition Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Speech Recognition Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Speech Recognition Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Speech Recognition Revenue Breakdown by Type (2018-2029)
3 Speech Recognition Market Overview by Application
3.1 Introduction
3.1.1 Military
3.1.2 Automotive
3.1.3 Healthcare
3.2 Global Speech Recognition Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Speech Recognition Historic Market Size by Application (2018-2023)
3.2.2 Global Speech Recognition Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Speech Recognition Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Speech Recognition Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Speech Recognition Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Speech Recognition Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Speech Recognition Revenue Breakdown by Application (2018-2029)
4 Speech Recognition Competition Analysis by Players
4.1 Global Speech Recognition Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Speech Recognition as of 2022)
4.3 Date of Key Players Enter into Speech Recognition Market
4.4 Global Top Players Speech Recognition Headquarters and Area Served
4.5 Key Players Speech Recognition Product Solution and Service
4.6 Competitive Status
4.6.1 Speech Recognition Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Nuance
5.1.1 Nuance Profile
5.1.2 Nuance Main Business
5.1.3 Nuance Speech Recognition Products, Services and Solutions
5.1.4 Nuance Speech Recognition Revenue (US$ Million) & (2018-2023)
5.1.5 Nuance Recent Developments
5.2 Microsoft
5.2.1 Microsoft Profile
5.2.2 Microsoft Main Business
5.2.3 Microsoft Speech Recognition Products, Services and Solutions
5.2.4 Microsoft Speech Recognition Revenue (US$ Million) & (2018-2023)
5.2.5 Microsoft Recent Developments
5.3 Agnitio
5.3.1 Agnitio Profile
5.3.2 Agnitio Main Business
5.3.3 Agnitio Speech Recognition Products, Services and Solutions
5.3.4 Agnitio Speech Recognition Revenue (US$ Million) & (2018-2023)
5.3.5 VoiceVault Recent Developments
5.4 VoiceVault
5.4.1 VoiceVault Profile
5.4.2 VoiceVault Main Business
5.4.3 VoiceVault Speech Recognition Products, Services and Solutions
5.4.4 VoiceVault Speech Recognition Revenue (US$ Million) & (2018-2023)
5.4.5 VoiceVault Recent Developments
5.5 VoiceBox Technologies
5.5.1 VoiceBox Technologies Profile
5.5.2 VoiceBox Technologies Main Business
5.5.3 VoiceBox Technologies Speech Recognition Products, Services and Solutions
5.5.4 VoiceBox Technologies Speech Recognition Revenue (US$ Million) & (2018-2023)
5.5.5 VoiceBox Technologies Recent Developments
5.6 Google
5.6.1 Google Profile
5.6.2 Google Main Business
5.6.3 Google Speech Recognition Products, Services and Solutions
5.6.4 Google Speech Recognition Revenue (US$ Million) & (2018-2023)
5.6.5 Google Recent Developments
5.7 LumenVox
5.7.1 LumenVox Profile
5.7.2 LumenVox Main Business
5.7.3 LumenVox Speech Recognition Products, Services and Solutions
5.7.4 LumenVox Speech Recognition Revenue (US$ Million) & (2018-2023)
5.7.5 LumenVox Recent Developments
5.8 Raytheon BBN Technologies
5.8.1 Raytheon BBN Technologies Profile
5.8.2 Raytheon BBN Technologies Main Business
5.8.3 Raytheon BBN Technologies Speech Recognition Products, Services and Solutions
5.8.4 Raytheon BBN Technologies Speech Recognition Revenue (US$ Million) & (2018-2023)
5.8.5 Raytheon BBN Technologies Recent Developments
5.9 Advanced Voice Recognition Systems
5.9.1 Advanced Voice Recognition Systems Profile
5.9.2 Advanced Voice Recognition Systems Main Business
5.9.3 Advanced Voice Recognition Systems Speech Recognition Products, Services and Solutions
5.9.4 Advanced Voice Recognition Systems Speech Recognition Revenue (US$ Million) & (2018-2023)
5.9.5 Advanced Voice Recognition Systems Recent Developments
5.10 Sensory
5.10.1 Sensory Profile
5.10.2 Sensory Main Business
5.10.3 Sensory Speech Recognition Products, Services and Solutions
5.10.4 Sensory Speech Recognition Revenue (US$ Million) & (2018-2023)
5.10.5 Sensory Recent Developments
5.11 ReadSpeaker Holding
5.11.1 ReadSpeaker Holding Profile
5.11.2 ReadSpeaker Holding Main Business
5.11.3 ReadSpeaker Holding Speech Recognition Products, Services and Solutions
5.11.4 ReadSpeaker Holding Speech Recognition Revenue (US$ Million) & (2018-2023)
5.11.5 ReadSpeaker Holding Recent Developments
5.12 Iflytek
5.12.1 Iflytek Profile
5.12.2 Iflytek Main Business
5.12.3 Iflytek Speech Recognition Products, Services and Solutions
5.12.4 Iflytek Speech Recognition Revenue (US$ Million) & (2018-2023)
5.12.5 Iflytek Recent Developments
5.13 AT&T
5.13.1 AT&T Profile
5.13.2 AT&T Main Business
5.13.3 AT&T Speech Recognition Products, Services and Solutions
5.13.4 AT&T Speech Recognition Revenue (US$ Million) & (2018-2023)
5.13.5 AT&T Recent Developments
5.14 Fluent
5.14.1 Fluent Profile
5.14.2 Fluent Main Business
5.14.3 Fluent Speech Recognition Products, Services and Solutions
5.14.4 Fluent Speech Recognition Revenue (US$ Million) & (2018-2023)
5.14.5 Fluent Recent Developments
6 North America
6.1 North America Speech Recognition Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Speech Recognition Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Speech Recognition Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Speech Recognition Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Speech Recognition Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Speech Recognition Market Dynamics
11.1 Speech Recognition Industry Trends
11.2 Speech Recognition Market Drivers
11.3 Speech Recognition Market Challenges
11.4 Speech Recognition Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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