The global Speech-to-text API market size was valued at USD 2399.3 million in 2023 and is forecast to a readjusted size of USD 7236.3 million by 2030 with a CAGR of 17.1% during review period.
This report includes an overview of the development of the Speech-to-text API industry chain, the market status of Financial Services and Insurance (On-premises, Cloud), Telecommunications and Information Technology (On-premises, Cloud), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Speech-to-text API.
Regionally, the report analyzes the Speech-to-text API markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Speech-to-text API market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Speech-to-text API market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Speech-to-text API industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the revenue generated, and market share of different by Type (e.g., On-premises, Cloud).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Speech-to-text API market.
Regional Analysis: The report involves examining the Speech-to-text API market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Speech-to-text API market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Speech-to-text API:
Company Analysis: Report covers individual Speech-to-text API players, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Speech-to-text API This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Financial Services and Insurance, Telecommunications and Information Technology).
Technology Analysis: Report covers specific technologies relevant to Speech-to-text API. It assesses the current state, advancements, and potential future developments in Speech-to-text API areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Speech-to-text API market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Speech-to-text API market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Market segment by Type
On-premises
Cloud
Market segment by Application
Financial Services and Insurance
Telecommunications and Information Technology
Health Care
Retail and E-commerce
Government and Defense
Other
Market segment by players, this report covers
Google (US)
Microsoft (US)
IBM (US)
AWS (US)
Nuance Communications (US)
Verint (US)
Speechmatics (England)
Vocapia Research (France)
Twilio (US)
Baidu (China)
Facebook (US)
iFLYTEK (China)
Govivace (US)
Deepgram (US)
Nexmo (US)
VoiceBase (US)
Otter.ai (US)
Voci (US)
GL Communications (US)
Contus (India)
Market segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
South America (Brazil, Argentina and Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Speech-to-text API product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Speech-to-text API, with revenue, gross margin and global market share of Speech-to-text API from 2019 to 2024.
Chapter 3, the Speech-to-text API competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2019 to 2030.
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2019 to 2024.and Speech-to-text API market forecast, by regions, type and application, with consumption value, from 2025 to 2030.
Chapter 11, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 12, the key raw materials and key suppliers, and industry chain of Speech-to-text API.
Chapter 13, to describe Speech-to-text API research findings and conclusion.
Please Note - This is an on demand report and will be delivered in 2 business days (48 Hours) post payment.
1 Market Overview
1.1 Product Overview and Scope of Speech-to-text API
1.2 Market Estimation Caveats and Base Year
1.3 Classification of Speech-to-text API by Type
1.3.1 Overview: Global Speech-to-text API Market Size by Type: 2019 Versus 2023 Versus 2030
1.3.2 Global Speech-to-text API Consumption Value Market Share by Type in 2023
1.3.3 On-premises
1.3.4 Cloud
1.4 Global Speech-to-text API Market by Application
1.4.1 Overview: Global Speech-to-text API Market Size by Application: 2019 Versus 2023 Versus 2030
1.4.2 Financial Services and Insurance
1.4.3 Telecommunications and Information Technology
1.4.4 Health Care
1.4.5 Retail and E-commerce
1.4.6 Government and Defense
1.4.7 Other
1.5 Global Speech-to-text API Market Size & Forecast
1.6 Global Speech-to-text API Market Size and Forecast by Region
1.6.1 Global Speech-to-text API Market Size by Region: 2019 VS 2023 VS 2030
1.6.2 Global Speech-to-text API Market Size by Region, (2019-2030)
1.6.3 North America Speech-to-text API Market Size and Prospect (2019-2030)
1.6.4 Europe Speech-to-text API Market Size and Prospect (2019-2030)
1.6.5 Asia-Pacific Speech-to-text API Market Size and Prospect (2019-2030)
1.6.6 South America Speech-to-text API Market Size and Prospect (2019-2030)
1.6.7 Middle East and Africa Speech-to-text API Market Size and Prospect (2019-2030)
2 Company Profiles
2.1 Google (US)
2.1.1 Google (US) Details
2.1.2 Google (US) Major Business
2.1.3 Google (US) Speech-to-text API Product and Solutions
2.1.4 Google (US) Speech-to-text API Revenue, Gross Margin and Market Share (2019-2024)
2.1.5 Google (US) Recent Developments and Future Plans
2.2 Microsoft (US)
2.2.1 Microsoft (US) Details
2.2.2 Microsoft (US) Major Business
2.2.3 Microsoft (US) Speech-to-text API Product and Solutions
2.2.4 Microsoft (US) Speech-to-text API Revenue, Gross Margin and Market Share (2019-2024)
2.2.5 Microsoft (US) Recent Developments and Future Plans
2.3 IBM (US)
2.3.1 IBM (US) Details
2.3.2 IBM (US) Major Business
2.3.3 IBM (US) Speech-to-text API Product and Solutions
2.3.4 IBM (US) Speech-to-text API Revenue, Gross Margin and Market Share (2019-2024)
2.3.5 IBM (US) Recent Developments and Future Plans
2.4 AWS (US)
2.4.1 AWS (US) Details
2.4.2 AWS (US) Major Business
2.4.3 AWS (US) Speech-to-text API Product and Solutions
2.4.4 AWS (US) Speech-to-text API Revenue, Gross Margin and Market Share (2019-2024)
2.4.5 AWS (US) Recent Developments and Future Plans
2.5 Nuance Communications (US)
2.5.1 Nuance Communications (US) Details
2.5.2 Nuance Communications (US) Major Business
2.5.3 Nuance Communications (US) Speech-to-text API Product and Solutions
2.5.4 Nuance Communications (US) Speech-to-text API Revenue, Gross Margin and Market Share (2019-2024)
2.5.5 Nuance Communications (US) Recent Developments and Future Plans
2.6 Verint (US)
2.6.1 Verint (US) Details
2.6.2 Verint (US) Major Business
2.6.3 Verint (US) Speech-to-text API Product and Solutions
2.6.4 Verint (US) Speech-to-text API Revenue, Gross Margin and Market Share (2019-2024)
2.6.5 Verint (US) Recent Developments and Future Plans
2.7 Speechmatics (England)
2.7.1 Speechmatics (England) Details
2.7.2 Speechmatics (England) Major Business
2.7.3 Speechmatics (England) Speech-to-text API Product and Solutions
2.7.4 Speechmatics (England) Speech-to-text API Revenue, Gross Margin and Market Share (2019-2024)
2.7.5 Speechmatics (England) Recent Developments and Future Plans
2.8 Vocapia Research (France)
2.8.1 Vocapia Research (France) Details
2.8.2 Vocapia Research (France) Major Business
2.8.3 Vocapia Research (France) Speech-to-text API Product and Solutions
2.8.4 Vocapia Research (France) Speech-to-text API Revenue, Gross Margin and Market Share (2019-2024)
2.8.5 Vocapia Research (France) Recent Developments and Future Plans
2.9 Twilio (US)
2.9.1 Twilio (US) Details
2.9.2 Twilio (US) Major Business
2.9.3 Twilio (US) Speech-to-text API Product and Solutions
2.9.4 Twilio (US) Speech-to-text API Revenue, Gross Margin and Market Share (2019-2024)
2.9.5 Twilio (US) Recent Developments and Future Plans
2.10 Baidu (China)
2.10.1 Baidu (China) Details
2.10.2 Baidu (China) Major Business
2.10.3 Baidu (China) Speech-to-text API Product and Solutions
2.10.4 Baidu (China) Speech-to-text API Revenue, Gross Margin and Market Share (2019-2024)
2.10.5 Baidu (China) Recent Developments and Future Plans
2.11 Facebook (US)
2.11.1 Facebook (US) Details
2.11.2 Facebook (US) Major Business
2.11.3 Facebook (US) Speech-to-text API Product and Solutions
2.11.4 Facebook (US) Speech-to-text API Revenue, Gross Margin and Market Share (2019-2024)
2.11.5 Facebook (US) Recent Developments and Future Plans
2.12 iFLYTEK (China)
2.12.1 iFLYTEK (China) Details
2.12.2 iFLYTEK (China) Major Business
2.12.3 iFLYTEK (China) Speech-to-text API Product and Solutions
2.12.4 iFLYTEK (China) Speech-to-text API Revenue, Gross Margin and Market Share (2019-2024)
2.12.5 iFLYTEK (China) Recent Developments and Future Plans
2.13 Govivace (US)
2.13.1 Govivace (US) Details
2.13.2 Govivace (US) Major Business
2.13.3 Govivace (US) Speech-to-text API Product and Solutions
2.13.4 Govivace (US) Speech-to-text API Revenue, Gross Margin and Market Share (2019-2024)
2.13.5 Govivace (US) Recent Developments and Future Plans
2.14 Deepgram (US)
2.14.1 Deepgram (US) Details
2.14.2 Deepgram (US) Major Business
2.14.3 Deepgram (US) Speech-to-text API Product and Solutions
2.14.4 Deepgram (US) Speech-to-text API Revenue, Gross Margin and Market Share (2019-2024)
2.14.5 Deepgram (US) Recent Developments and Future Plans
2.15 Nexmo (US)
2.15.1 Nexmo (US) Details
2.15.2 Nexmo (US) Major Business
2.15.3 Nexmo (US) Speech-to-text API Product and Solutions
2.15.4 Nexmo (US) Speech-to-text API Revenue, Gross Margin and Market Share (2019-2024)
2.15.5 Nexmo (US) Recent Developments and Future Plans
2.16 VoiceBase (US)
2.16.1 VoiceBase (US) Details
2.16.2 VoiceBase (US) Major Business
2.16.3 VoiceBase (US) Speech-to-text API Product and Solutions
2.16.4 VoiceBase (US) Speech-to-text API Revenue, Gross Margin and Market Share (2019-2024)
2.16.5 VoiceBase (US) Recent Developments and Future Plans
2.17 Otter.ai (US)
2.17.1 Otter.ai (US) Details
2.17.2 Otter.ai (US) Major Business
2.17.3 Otter.ai (US) Speech-to-text API Product and Solutions
2.17.4 Otter.ai (US) Speech-to-text API Revenue, Gross Margin and Market Share (2019-2024)
2.17.5 Otter.ai (US) Recent Developments and Future Plans
2.18 Voci (US)
2.18.1 Voci (US) Details
2.18.2 Voci (US) Major Business
2.18.3 Voci (US) Speech-to-text API Product and Solutions
2.18.4 Voci (US) Speech-to-text API Revenue, Gross Margin and Market Share (2019-2024)
2.18.5 Voci (US) Recent Developments and Future Plans
2.19 GL Communications (US)
2.19.1 GL Communications (US) Details
2.19.2 GL Communications (US) Major Business
2.19.3 GL Communications (US) Speech-to-text API Product and Solutions
2.19.4 GL Communications (US) Speech-to-text API Revenue, Gross Margin and Market Share (2019-2024)
2.19.5 GL Communications (US) Recent Developments and Future Plans
2.20 Contus (India)
2.20.1 Contus (India) Details
2.20.2 Contus (India) Major Business
2.20.3 Contus (India) Speech-to-text API Product and Solutions
2.20.4 Contus (India) Speech-to-text API Revenue, Gross Margin and Market Share (2019-2024)
2.20.5 Contus (India) Recent Developments and Future Plans
3 Market Competition, by Players
3.1 Global Speech-to-text API Revenue and Share by Players (2019-2024)
3.2 Market Share Analysis (2023)
3.2.1 Market Share of Speech-to-text API by Company Revenue
3.2.2 Top 3 Speech-to-text API Players Market Share in 2023
3.2.3 Top 6 Speech-to-text API Players Market Share in 2023
3.3 Speech-to-text API Market: Overall Company Footprint Analysis
3.3.1 Speech-to-text API Market: Region Footprint
3.3.2 Speech-to-text API Market: Company Product Type Footprint
3.3.3 Speech-to-text API Market: Company Product Application Footprint
3.4 New Market Entrants and Barriers to Market Entry
3.5 Mergers, Acquisition, Agreements, and Collaborations
4 Market Size Segment by Type
4.1 Global Speech-to-text API Consumption Value and Market Share by Type (2019-2024)
4.2 Global Speech-to-text API Market Forecast by Type (2025-2030)
5 Market Size Segment by Application
5.1 Global Speech-to-text API Consumption Value Market Share by Application (2019-2024)
5.2 Global Speech-to-text API Market Forecast by Application (2025-2030)
6 North America
6.1 North America Speech-to-text API Consumption Value by Type (2019-2030)
6.2 North America Speech-to-text API Consumption Value by Application (2019-2030)
6.3 North America Speech-to-text API Market Size by Country
6.3.1 North America Speech-to-text API Consumption Value by Country (2019-2030)
6.3.2 United States Speech-to-text API Market Size and Forecast (2019-2030)
6.3.3 Canada Speech-to-text API Market Size and Forecast (2019-2030)
6.3.4 Mexico Speech-to-text API Market Size and Forecast (2019-2030)
7 Europe
7.1 Europe Speech-to-text API Consumption Value by Type (2019-2030)
7.2 Europe Speech-to-text API Consumption Value by Application (2019-2030)
7.3 Europe Speech-to-text API Market Size by Country
7.3.1 Europe Speech-to-text API Consumption Value by Country (2019-2030)
7.3.2 Germany Speech-to-text API Market Size and Forecast (2019-2030)
7.3.3 France Speech-to-text API Market Size and Forecast (2019-2030)
7.3.4 United Kingdom Speech-to-text API Market Size and Forecast (2019-2030)
7.3.5 Russia Speech-to-text API Market Size and Forecast (2019-2030)
7.3.6 Italy Speech-to-text API Market Size and Forecast (2019-2030)
8 Asia-Pacific
8.1 Asia-Pacific Speech-to-text API Consumption Value by Type (2019-2030)
8.2 Asia-Pacific Speech-to-text API Consumption Value by Application (2019-2030)
8.3 Asia-Pacific Speech-to-text API Market Size by Region
8.3.1 Asia-Pacific Speech-to-text API Consumption Value by Region (2019-2030)
8.3.2 China Speech-to-text API Market Size and Forecast (2019-2030)
8.3.3 Japan Speech-to-text API Market Size and Forecast (2019-2030)
8.3.4 South Korea Speech-to-text API Market Size and Forecast (2019-2030)
8.3.5 India Speech-to-text API Market Size and Forecast (2019-2030)
8.3.6 Southeast Asia Speech-to-text API Market Size and Forecast (2019-2030)
8.3.7 Australia Speech-to-text API Market Size and Forecast (2019-2030)
9 South America
9.1 South America Speech-to-text API Consumption Value by Type (2019-2030)
9.2 South America Speech-to-text API Consumption Value by Application (2019-2030)
9.3 South America Speech-to-text API Market Size by Country
9.3.1 South America Speech-to-text API Consumption Value by Country (2019-2030)
9.3.2 Brazil Speech-to-text API Market Size and Forecast (2019-2030)
9.3.3 Argentina Speech-to-text API Market Size and Forecast (2019-2030)
10 Middle East & Africa
10.1 Middle East & Africa Speech-to-text API Consumption Value by Type (2019-2030)
10.2 Middle East & Africa Speech-to-text API Consumption Value by Application (2019-2030)
10.3 Middle East & Africa Speech-to-text API Market Size by Country
10.3.1 Middle East & Africa Speech-to-text API Consumption Value by Country (2019-2030)
10.3.2 Turkey Speech-to-text API Market Size and Forecast (2019-2030)
10.3.3 Saudi Arabia Speech-to-text API Market Size and Forecast (2019-2030)
10.3.4 UAE Speech-to-text API Market Size and Forecast (2019-2030)
11 Market Dynamics
11.1 Speech-to-text API Market Drivers
11.2 Speech-to-text API Market Restraints
11.3 Speech-to-text API Trends Analysis
11.4 Porters Five Forces Analysis
11.4.1 Threat of New Entrants
11.4.2 Bargaining Power of Suppliers
11.4.3 Bargaining Power of Buyers
11.4.4 Threat of Substitutes
11.4.5 Competitive Rivalry
12 Industry Chain Analysis
12.1 Speech-to-text API Industry Chain
12.2 Speech-to-text API Upstream Analysis
12.3 Speech-to-text API Midstream Analysis
12.4 Speech-to-text API Downstream Analysis
13 Research Findings and Conclusion
14 Appendix
14.1 Methodology
14.2 Research Process and Data Source
14.3 Disclaimer
Google (US)
Microsoft (US)
IBM (US)
AWS (US)
Nuance Communications (US)
Verint (US)
Speechmatics (England)
Vocapia Research (France)
Twilio (US)
Baidu (China)
Facebook (US)
iFLYTEK (China)
Govivace (US)
Deepgram (US)
Nexmo (US)
VoiceBase (US)
Otter.ai (US)
Voci (US)
GL Communications (US)
Contus (India)
听
听
*If Applicable.