Global Speech Artificial Intelligence Market Growth (Status and Outlook) 2025-2031

Publication ID:

LPI02259869

Publication Date:

February 20, 2025

Pages:

135

Publisher:

LPI

Countries:

Global [1]

USD 3,660.00

IT Services [2]

Software [3]

Computing & Electronics [4]

Description:

The global Speech Artificial Intelligence market size is predicted to grow from US$ 19340 million in 2025 to US$ 41550 million in 2031; it is expected to grow at a CAGR of 13.6% from 2025 to 2031.
Speech AI refers to a set of technologies that use machine learning and deep learning techniques to enable computers to understand and process human speech, including speech recognition, speech synthesis, natural language understanding, and speech interaction. These technologies enable devices to perform tasks such as speech-to-text, voice search, voice command control, and natural conversations with humans.
United States market for Speech Artificial Intelligence is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
China market for Speech Artificial Intelligence is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Europe market for Speech Artificial Intelligence is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Global key Speech Artificial Intelligence players cover SoundHound AI, NVDIA, Rev AI, Speechmatics, Sensory, Inc, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.
The 鈥淪peech Artificial Intelligence Industry Forecast鈥� looks at past sales and reviews total world Speech Artificial Intelligence sales in 2024, providing a comprehensive analysis by region and market sector of projected Speech Artificial Intelligence sales for 2025 through 2031. With Speech Artificial Intelligence sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Speech Artificial Intelligence industry.
This Insight Report provides a comprehensive analysis of the global Speech Artificial Intelligence landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Speech Artificial Intelligence portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms鈥� unique position in an accelerating global Speech Artificial Intelligence market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Speech Artificial Intelligence and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Speech Artificial Intelligence.
This report presents a comprehensive overview, market shares, and growth opportunities of Speech Artificial Intelligence market by product type, application, key players and key regions and countries.
Segmentation by Type:
Text-to-speech
Speech-to-text
Automatic Speech Recognition
Others
Segmentation by Application:
Intelligent Assistant
Virtual Customer Service
Speech Translation
Smart Home
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
SoundHound AI
NVDIA
Rev AI
Speechmatics
Sensory, Inc
Phonexia
Deepgram
AssemblyAI
Voci Technologies
Cobalt Speech & Language
GoVivace Inc.
Google
Microsoft
Oracle
iFLYTEK
Baidu
Alibaba Group Holding
Xiaomi Corporation
Tencent Holdings Limited

Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.

Table Of Contents:

1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Speech Artificial Intelligence Market Size (2020-2031)
2.1.2 Speech Artificial Intelligence Market Size CAGR by Region (2020 VS 2024 VS 2031)
2.1.3 World Current & Future Analysis for Speech Artificial Intelligence by Country/Region (2020, 2024 & 2031)
2.2 Speech Artificial Intelligence Segment by Type
2.2.1 Text-to-speech
2.2.2 Speech-to-text
2.2.3 Automatic Speech Recognition
2.2.4 Others
2.3 Speech Artificial Intelligence Market Size by Type
2.3.1 Speech Artificial Intelligence Market Size CAGR by Type (2020 VS 2024 VS 2031)
2.3.2 Global Speech Artificial Intelligence Market Size Market Share by Type (2020-2025)
2.4 Speech Artificial Intelligence Segment by Application
2.4.1 Intelligent Assistant
2.4.2 Virtual Customer Service
2.4.3 Speech Translation
2.4.4 Smart Home
2.4.5 Others
2.5 Speech Artificial Intelligence Market Size by Application
2.5.1 Speech Artificial Intelligence Market Size CAGR by Application (2020 VS 2024 VS 2031)
2.5.2 Global Speech Artificial Intelligence Market Size Market Share by Application (2020-2025)
3 Speech Artificial Intelligence Market Size by Player
3.1 Speech Artificial Intelligence Market Size Market Share by Player
3.1.1 Global Speech Artificial Intelligence Revenue by Player (2020-2025)
3.1.2 Global Speech Artificial Intelligence Revenue Market Share by Player (2020-2025)
3.2 Global Speech Artificial Intelligence Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Speech Artificial Intelligence by Region
4.1 Speech Artificial Intelligence Market Size by Region (2020-2025)
4.2 Global Speech Artificial Intelligence Annual Revenue by Country/Region (2020-2025)
4.3 Americas Speech Artificial Intelligence Market Size Growth (2020-2025)
4.4 APAC Speech Artificial Intelligence Market Size Growth (2020-2025)
4.5 Europe Speech Artificial Intelligence Market Size Growth (2020-2025)
4.6 Middle East & Africa Speech Artificial Intelligence Market Size Growth (2020-2025)
5 Americas
5.1 Americas Speech Artificial Intelligence Market Size by Country (2020-2025)
5.2 Americas Speech Artificial Intelligence Market Size by Type (2020-2025)
5.3 Americas Speech Artificial Intelligence Market Size by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Speech Artificial Intelligence Market Size by Region (2020-2025)
6.2 APAC Speech Artificial Intelligence Market Size by Type (2020-2025)
6.3 APAC Speech Artificial Intelligence Market Size by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Speech Artificial Intelligence Market Size by Country (2020-2025)
7.2 Europe Speech Artificial Intelligence Market Size by Type (2020-2025)
7.3 Europe Speech Artificial Intelligence Market Size by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Speech Artificial Intelligence by Region (2020-2025)
8.2 Middle East & Africa Speech Artificial Intelligence Market Size by Type (2020-2025)
8.3 Middle East & Africa Speech Artificial Intelligence Market Size by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global Speech Artificial Intelligence Market Forecast
10.1 Global Speech Artificial Intelligence Forecast by Region (2026-2031)
10.1.1 Global Speech Artificial Intelligence Forecast by Region (2026-2031)
10.1.2 Americas Speech Artificial Intelligence Forecast
10.1.3 APAC Speech Artificial Intelligence Forecast
10.1.4 Europe Speech Artificial Intelligence Forecast
10.1.5 Middle East & Africa Speech Artificial Intelligence Forecast
10.2 Americas Speech Artificial Intelligence Forecast by Country (2026-2031)
10.2.1 United States Market Speech Artificial Intelligence Forecast
10.2.2 Canada Market Speech Artificial Intelligence Forecast
10.2.3 Mexico Market Speech Artificial Intelligence Forecast
10.2.4 Brazil Market Speech Artificial Intelligence Forecast
10.3 APAC Speech Artificial Intelligence Forecast by Region (2026-2031)
10.3.1 China Speech Artificial Intelligence Market Forecast
10.3.2 Japan Market Speech Artificial Intelligence Forecast
10.3.3 Korea Market Speech Artificial Intelligence Forecast
10.3.4 Southeast Asia Market Speech Artificial Intelligence Forecast
10.3.5 India Market Speech Artificial Intelligence Forecast
10.3.6 Australia Market Speech Artificial Intelligence Forecast
10.4 Europe Speech Artificial Intelligence Forecast by Country (2026-2031)
10.4.1 Germany Market Speech Artificial Intelligence Forecast
10.4.2 France Market Speech Artificial Intelligence Forecast
10.4.3 UK Market Speech Artificial Intelligence Forecast
10.4.4 Italy Market Speech Artificial Intelligence Forecast
10.4.5 Russia Market Speech Artificial Intelligence Forecast
10.5 Middle East & Africa Speech Artificial Intelligence Forecast by Region (2026-2031)
10.5.1 Egypt Market Speech Artificial Intelligence Forecast
10.5.2 South Africa Market Speech Artificial Intelligence Forecast
10.5.3 Israel Market Speech Artificial Intelligence Forecast
10.5.4 Turkey Market Speech Artificial Intelligence Forecast
10.6 Global Speech Artificial Intelligence Forecast by Type (2026-2031)
10.7 Global Speech Artificial Intelligence Forecast by Application (2026-2031)
10.7.1 GCC Countries Market Speech Artificial Intelligence Forecast
11 Key Players Analysis
11.1 SoundHound AI
11.1.1 SoundHound AI Company Information
11.1.2 SoundHound AI Speech Artificial Intelligence Product Offered
11.1.3 SoundHound AI Speech Artificial Intelligence Revenue, Gross Margin and Market Share (2020-2025)
11.1.4 SoundHound AI Main Business Overview
11.1.5 SoundHound AI Latest Developments
11.2 NVDIA
11.2.1 NVDIA Company Information
11.2.2 NVDIA Speech Artificial Intelligence Product Offered
11.2.3 NVDIA Speech Artificial Intelligence Revenue, Gross Margin and Market Share (2020-2025)
11.2.4 NVDIA Main Business Overview
11.2.5 NVDIA Latest Developments
11.3 Rev AI
11.3.1 Rev AI Company Information
11.3.2 Rev AI Speech Artificial Intelligence Product Offered
11.3.3 Rev AI Speech Artificial Intelligence Revenue, Gross Margin and Market Share (2020-2025)
11.3.4 Rev AI Main Business Overview
11.3.5 Rev AI Latest Developments
11.4 Speechmatics
11.4.1 Speechmatics Company Information
11.4.2 Speechmatics Speech Artificial Intelligence Product Offered
11.4.3 Speechmatics Speech Artificial Intelligence Revenue, Gross Margin and Market Share (2020-2025)
11.4.4 Speechmatics Main Business Overview
11.4.5 Speechmatics Latest Developments
11.5 Sensory, Inc
11.5.1 Sensory, Inc Company Information
11.5.2 Sensory, Inc Speech Artificial Intelligence Product Offered
11.5.3 Sensory, Inc Speech Artificial Intelligence Revenue, Gross Margin and Market Share (2020-2025)
11.5.4 Sensory, Inc Main Business Overview
11.5.5 Sensory, Inc Latest Developments
11.6 Phonexia
11.6.1 Phonexia Company Information
11.6.2 Phonexia Speech Artificial Intelligence Product Offered
11.6.3 Phonexia Speech Artificial Intelligence Revenue, Gross Margin and Market Share (2020-2025)
11.6.4 Phonexia Main Business Overview
11.6.5 Phonexia Latest Developments
11.7 Deepgram
11.7.1 Deepgram Company Information
11.7.2 Deepgram Speech Artificial Intelligence Product Offered
11.7.3 Deepgram Speech Artificial Intelligence Revenue, Gross Margin and Market Share (2020-2025)
11.7.4 Deepgram Main Business Overview
11.7.5 Deepgram Latest Developments
11.8 AssemblyAI
11.8.1 AssemblyAI Company Information
11.8.2 AssemblyAI Speech Artificial Intelligence Product Offered
11.8.3 AssemblyAI Speech Artificial Intelligence Revenue, Gross Margin and Market Share (2020-2025)
11.8.4 AssemblyAI Main Business Overview
11.8.5 AssemblyAI Latest Developments
11.9 Voci Technologies
11.9.1 Voci Technologies Company Information
11.9.2 Voci Technologies Speech Artificial Intelligence Product Offered
11.9.3 Voci Technologies Speech Artificial Intelligence Revenue, Gross Margin and Market Share (2020-2025)
11.9.4 Voci Technologies Main Business Overview
11.9.5 Voci Technologies Latest Developments
11.10 Cobalt Speech & Language
11.10.1 Cobalt Speech & Language Company Information
11.10.2 Cobalt Speech & Language Speech Artificial Intelligence Product Offered
11.10.3 Cobalt Speech & Language Speech Artificial Intelligence Revenue, Gross Margin and Market Share (2020-2025)
11.10.4 Cobalt Speech & Language Main Business Overview
11.10.5 Cobalt Speech & Language Latest Developments
11.11 GoVivace Inc.
11.11.1 GoVivace Inc. Company Information
11.11.2 GoVivace Inc. Speech Artificial Intelligence Product Offered
11.11.3 GoVivace Inc. Speech Artificial Intelligence Revenue, Gross Margin and Market Share (2020-2025)
11.11.4 GoVivace Inc. Main Business Overview
11.11.5 GoVivace Inc. Latest Developments
11.12 Google
11.12.1 Google Company Information
11.12.2 Google Speech Artificial Intelligence Product Offered
11.12.3 Google Speech Artificial Intelligence Revenue, Gross Margin and Market Share (2020-2025)
11.12.4 Google Main Business Overview
11.12.5 Google Latest Developments
11.13 Microsoft
11.13.1 Microsoft Company Information
11.13.2 Microsoft Speech Artificial Intelligence Product Offered
11.13.3 Microsoft Speech Artificial Intelligence Revenue, Gross Margin and Market Share (2020-2025)
11.13.4 Microsoft Main Business Overview
11.13.5 Microsoft Latest Developments
11.14 Oracle
11.14.1 Oracle Company Information
11.14.2 Oracle Speech Artificial Intelligence Product Offered
11.14.3 Oracle Speech Artificial Intelligence Revenue, Gross Margin and Market Share (2020-2025)
11.14.4 Oracle Main Business Overview
11.14.5 Oracle Latest Developments
11.15 iFLYTEK
11.15.1 iFLYTEK Company Information
11.15.2 iFLYTEK Speech Artificial Intelligence Product Offered
11.15.3 iFLYTEK Speech Artificial Intelligence Revenue, Gross Margin and Market Share (2020-2025)
11.15.4 iFLYTEK Main Business Overview
11.15.5 iFLYTEK Latest Developments
11.16 Baidu
11.16.1 Baidu Company Information
11.16.2 Baidu Speech Artificial Intelligence Product Offered
11.16.3 Baidu Speech Artificial Intelligence Revenue, Gross Margin and Market Share (2020-2025)
11.16.4 Baidu Main Business Overview
11.16.5 Baidu Latest Developments
11.17 Alibaba Group Holding
11.17.1 Alibaba Group Holding Company Information
11.17.2 Alibaba Group Holding Speech Artificial Intelligence Product Offered
11.17.3 Alibaba Group Holding Speech Artificial Intelligence Revenue, Gross Margin and Market Share (2020-2025)
11.17.4 Alibaba Group Holding Main Business Overview
11.17.5 Alibaba Group Holding Latest Developments
11.18 Xiaomi Corporation
11.18.1 Xiaomi Corporation Company Information
11.18.2 Xiaomi Corporation Speech Artificial Intelligence Product Offered
11.18.3 Xiaomi Corporation Speech Artificial Intelligence Revenue, Gross Margin and Market Share (2020-2025)
11.18.4 Xiaomi Corporation Main Business Overview
11.18.5 Xiaomi Corporation Latest Developments
11.19 Tencent Holdings Limited
11.19.1 Tencent Holdings Limited Company Information
11.19.2 Tencent Holdings Limited Speech Artificial Intelligence Product Offered
11.19.3 Tencent Holdings Limited Speech Artificial Intelligence Revenue, Gross Margin and Market Share (2020-2025)
11.19.4 Tencent Holdings Limited Main Business Overview
11.19.5 Tencent Holdings Limited Latest Developments
12 Research Findings and Conclusion

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