AI-Based Transcription and Captioning Services utilize artificial intelligence (AI) technologies, such as automatic speech recognition (ASR) and natural language processing (NLP), to transcribe audio and video content into text and generate captions or subtitles automatically. These services leverage machine learning algorithms to analyze spoken language, identify speech patterns, and convert audio signals into written text with high accuracy.
These services are widely used across industries for a variety of applications, including media production, education, business communication, accessibility compliance, legal documentation, and healthcare documentation. By automating the transcription and captioning process, AI-based services help organizations improve productivity, accessibility, and efficiency while reducing costs and manual effort associated with traditional transcription methods.
The global AI-Based Transcription and Captioning Services market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of %during the forecast period 2024-2030.
North American market for AI-Based Transcription and Captioning Services is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for AI-Based Transcription and Captioning Services is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The global market for AI-Based Transcription and Captioning Services in Media and Entertainment is estimated to increase from $ million in 2023 to $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global companies of AI-Based Transcription and Captioning Services include IBM, Verbit, OpenAI Whisper, AI-Media, Rev, Speechmatics, Apptek, NHK, ENCO Systems, Digital Nirvana, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for AI-Based Transcription and Captioning Services, 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 AI-Based Transcription and Captioning Services.
The AI-Based Transcription and Captioning Services market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global AI-Based Transcription and Captioning Services market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the AI-Based Transcription and Captioning Services companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
IBM
Verbit
OpenAI Whisper
AI-Media
Rev
Speechmatics
Apptek
NHK
ENCO Systems
Digital Nirvana
Sonix
Telestream
VoiceBox
Trint
Happy Scribe
Descript
Limecraft
Acadecraft
TranscribeFiles
Maestra AI
Ava Live Captions
Auris AI
Segment by Type
Cloud-Based
On-Premises
Segment by Application
Media and Entertainment
Online Education and Training
Meetings and Conferences
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. 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 2: Introduces executive summary of global market size, regional market size, 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 3: Detailed analysis of AI-Based Transcription and Captioning Services company competitive landscape, revenue 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, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. 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, and capacity of each country in the world.
Chapter 11: 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 12: The main points and conclusions of the report.
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1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global AI-Based Transcription and Captioning Services Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Cloud-Based
1.2.3 On-Premises
1.3 Market by Application
1.3.1 Global AI-Based Transcription and Captioning Services Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Media and Entertainment
1.3.3 Online Education and Training
1.3.4 Meetings and Conferences
1.3.5 Others
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global AI-Based Transcription and Captioning Services Market Perspective (2019-2030)
2.2 Global AI-Based Transcription and Captioning Services Growth Trends by Region
2.2.1 Global AI-Based Transcription and Captioning Services Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 AI-Based Transcription and Captioning Services Historic Market Size by Region (2019-2024)
2.2.3 AI-Based Transcription and Captioning Services Forecasted Market Size by Region (2025-2030)
2.3 AI-Based Transcription and Captioning Services Market Dynamics
2.3.1 AI-Based Transcription and Captioning Services Industry Trends
2.3.2 AI-Based Transcription and Captioning Services Market Drivers
2.3.3 AI-Based Transcription and Captioning Services Market Challenges
2.3.4 AI-Based Transcription and Captioning Services Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top AI-Based Transcription and Captioning Services Players by Revenue
3.1.1 Global Top AI-Based Transcription and Captioning Services Players by Revenue (2019-2024)
3.1.2 Global AI-Based Transcription and Captioning Services Revenue Market Share by Players (2019-2024)
3.2 Global AI-Based Transcription and Captioning Services Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players Ranking by AI-Based Transcription and Captioning Services Revenue
3.4 Global AI-Based Transcription and Captioning Services Market Concentration Ratio
3.4.1 Global AI-Based Transcription and Captioning Services Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by AI-Based Transcription and Captioning Services Revenue in 2023
3.5 Global Key Players of AI-Based Transcription and Captioning Services Head office and Area Served
3.6 Global Key Players of AI-Based Transcription and Captioning Services, Product and Application
3.7 Global Key Players of AI-Based Transcription and Captioning Services, Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 AI-Based Transcription and Captioning Services Breakdown Data by Type
4.1 Global AI-Based Transcription and Captioning Services Historic Market Size by Type (2019-2024)
4.2 Global AI-Based Transcription and Captioning Services Forecasted Market Size by Type (2025-2030)
5 AI-Based Transcription and Captioning Services Breakdown Data by Application
5.1 Global AI-Based Transcription and Captioning Services Historic Market Size by Application (2019-2024)
5.2 Global AI-Based Transcription and Captioning Services Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America AI-Based Transcription and Captioning Services Market Size (2019-2030)
6.2 North America AI-Based Transcription and Captioning Services Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America AI-Based Transcription and Captioning Services Market Size by Country (2019-2024)
6.4 North America AI-Based Transcription and Captioning Services Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe AI-Based Transcription and Captioning Services Market Size (2019-2030)
7.2 Europe AI-Based Transcription and Captioning Services Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe AI-Based Transcription and Captioning Services Market Size by Country (2019-2024)
7.4 Europe AI-Based Transcription and Captioning Services Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific AI-Based Transcription and Captioning Services Market Size (2019-2030)
8.2 Asia-Pacific AI-Based Transcription and Captioning Services Market Growth Rate by Country: 2019 VS 2023 VS 2030
8.3 Asia-Pacific AI-Based Transcription and Captioning Services Market Size by Region (2019-2024)
8.4 Asia-Pacific AI-Based Transcription and Captioning Services Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America AI-Based Transcription and Captioning Services Market Size (2019-2030)
9.2 Latin America AI-Based Transcription and Captioning Services Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America AI-Based Transcription and Captioning Services Market Size by Country (2019-2024)
9.4 Latin America AI-Based Transcription and Captioning Services Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa AI-Based Transcription and Captioning Services Market Size (2019-2030)
10.2 Middle East & Africa AI-Based Transcription and Captioning Services Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa AI-Based Transcription and Captioning Services Market Size by Country (2019-2024)
10.4 Middle East & Africa AI-Based Transcription and Captioning Services Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 IBM
11.1.1 IBM Company Details
11.1.2 IBM Business Overview
11.1.3 IBM AI-Based Transcription and Captioning Services Introduction
11.1.4 IBM Revenue in AI-Based Transcription and Captioning Services Business (2019-2024)
11.1.5 IBM Recent Development
11.2 Verbit
11.2.1 Verbit Company Details
11.2.2 Verbit Business Overview
11.2.3 Verbit AI-Based Transcription and Captioning Services Introduction
11.2.4 Verbit Revenue in AI-Based Transcription and Captioning Services Business (2019-2024)
11.2.5 Verbit Recent Development
11.3 OpenAI Whisper
11.3.1 OpenAI Whisper Company Details
11.3.2 OpenAI Whisper Business Overview
11.3.3 OpenAI Whisper AI-Based Transcription and Captioning Services Introduction
11.3.4 OpenAI Whisper Revenue in AI-Based Transcription and Captioning Services Business (2019-2024)
11.3.5 OpenAI Whisper Recent Development
11.4 AI-Media
11.4.1 AI-Media Company Details
11.4.2 AI-Media Business Overview
11.4.3 AI-Media AI-Based Transcription and Captioning Services Introduction
11.4.4 AI-Media Revenue in AI-Based Transcription and Captioning Services Business (2019-2024)
11.4.5 AI-Media Recent Development
11.5 Rev
11.5.1 Rev Company Details
11.5.2 Rev Business Overview
11.5.3 Rev AI-Based Transcription and Captioning Services Introduction
11.5.4 Rev Revenue in AI-Based Transcription and Captioning Services Business (2019-2024)
11.5.5 Rev Recent Development
11.6 Speechmatics
11.6.1 Speechmatics Company Details
11.6.2 Speechmatics Business Overview
11.6.3 Speechmatics AI-Based Transcription and Captioning Services Introduction
11.6.4 Speechmatics Revenue in AI-Based Transcription and Captioning Services Business (2019-2024)
11.6.5 Speechmatics Recent Development
11.7 Apptek
11.7.1 Apptek Company Details
11.7.2 Apptek Business Overview
11.7.3 Apptek AI-Based Transcription and Captioning Services Introduction
11.7.4 Apptek Revenue in AI-Based Transcription and Captioning Services Business (2019-2024)
11.7.5 Apptek Recent Development
11.8 NHK
11.8.1 NHK Company Details
11.8.2 NHK Business Overview
11.8.3 NHK AI-Based Transcription and Captioning Services Introduction
11.8.4 NHK Revenue in AI-Based Transcription and Captioning Services Business (2019-2024)
11.8.5 NHK Recent Development
11.9 ENCO Systems
11.9.1 ENCO Systems Company Details
11.9.2 ENCO Systems Business Overview
11.9.3 ENCO Systems AI-Based Transcription and Captioning Services Introduction
11.9.4 ENCO Systems Revenue in AI-Based Transcription and Captioning Services Business (2019-2024)
11.9.5 ENCO Systems Recent Development
11.10 Digital Nirvana
11.10.1 Digital Nirvana Company Details
11.10.2 Digital Nirvana Business Overview
11.10.3 Digital Nirvana AI-Based Transcription and Captioning Services Introduction
11.10.4 Digital Nirvana Revenue in AI-Based Transcription and Captioning Services Business (2019-2024)
11.10.5 Digital Nirvana Recent Development
11.11 Sonix
11.11.1 Sonix Company Details
11.11.2 Sonix Business Overview
11.11.3 Sonix AI-Based Transcription and Captioning Services Introduction
11.11.4 Sonix Revenue in AI-Based Transcription and Captioning Services Business (2019-2024)
11.11.5 Sonix Recent Development
11.12 Telestream
11.12.1 Telestream Company Details
11.12.2 Telestream Business Overview
11.12.3 Telestream AI-Based Transcription and Captioning Services Introduction
11.12.4 Telestream Revenue in AI-Based Transcription and Captioning Services Business (2019-2024)
11.12.5 Telestream Recent Development
11.13 VoiceBox
11.13.1 VoiceBox Company Details
11.13.2 VoiceBox Business Overview
11.13.3 VoiceBox AI-Based Transcription and Captioning Services Introduction
11.13.4 VoiceBox Revenue in AI-Based Transcription and Captioning Services Business (2019-2024)
11.13.5 VoiceBox Recent Development
11.14 Trint
11.14.1 Trint Company Details
11.14.2 Trint Business Overview
11.14.3 Trint AI-Based Transcription and Captioning Services Introduction
11.14.4 Trint Revenue in AI-Based Transcription and Captioning Services Business (2019-2024)
11.14.5 Trint Recent Development
11.15 Happy Scribe
11.15.1 Happy Scribe Company Details
11.15.2 Happy Scribe Business Overview
11.15.3 Happy Scribe AI-Based Transcription and Captioning Services Introduction
11.15.4 Happy Scribe Revenue in AI-Based Transcription and Captioning Services Business (2019-2024)
11.15.5 Happy Scribe Recent Development
11.16 Descript
11.16.1 Descript Company Details
11.16.2 Descript Business Overview
11.16.3 Descript AI-Based Transcription and Captioning Services Introduction
11.16.4 Descript Revenue in AI-Based Transcription and Captioning Services Business (2019-2024)
11.16.5 Descript Recent Development
11.17 Limecraft
11.17.1 Limecraft Company Details
11.17.2 Limecraft Business Overview
11.17.3 Limecraft AI-Based Transcription and Captioning Services Introduction
11.17.4 Limecraft Revenue in AI-Based Transcription and Captioning Services Business (2019-2024)
11.17.5 Limecraft Recent Development
11.18 Acadecraft
11.18.1 Acadecraft Company Details
11.18.2 Acadecraft Business Overview
11.18.3 Acadecraft AI-Based Transcription and Captioning Services Introduction
11.18.4 Acadecraft Revenue in AI-Based Transcription and Captioning Services Business (2019-2024)
11.18.5 Acadecraft Recent Development
11.19 TranscribeFiles
11.19.1 TranscribeFiles Company Details
11.19.2 TranscribeFiles Business Overview
11.19.3 TranscribeFiles AI-Based Transcription and Captioning Services Introduction
11.19.4 TranscribeFiles Revenue in AI-Based Transcription and Captioning Services Business (2019-2024)
11.19.5 TranscribeFiles Recent Development
11.20 Maestra AI
11.20.1 Maestra AI Company Details
11.20.2 Maestra AI Business Overview
11.20.3 Maestra AI AI-Based Transcription and Captioning Services Introduction
11.20.4 Maestra AI Revenue in AI-Based Transcription and Captioning Services Business (2019-2024)
11.20.5 Maestra AI Recent Development
11.21 Ava Live Captions
11.21.1 Ava Live Captions Company Details
11.21.2 Ava Live Captions Business Overview
11.21.3 Ava Live Captions AI-Based Transcription and Captioning Services Introduction
11.21.4 Ava Live Captions Revenue in AI-Based Transcription and Captioning Services Business (2019-2024)
11.21.5 Ava Live Captions Recent Development
11.22 Auris AI
11.22.1 Auris AI Company Details
11.22.2 Auris AI Business Overview
11.22.3 Auris AI AI-Based Transcription and Captioning Services Introduction
11.22.4 Auris AI Revenue in AI-Based Transcription and Captioning Services Business (2019-2024)
11.22.5 Auris AI Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.1.1 Research Programs/Design
13.1.1.2 Market Size Estimation
13.1.1.3 Market Breakdown and Data Triangulation
13.1.2 Data Source
13.1.2.1 Secondary Sources
13.1.2.2 Primary Sources
13.2 Author Details
13.3 Disclaimer
IBM
Verbit
OpenAI Whisper
AI-Media
Rev
Speechmatics
Apptek
NHK
ENCO Systems
Digital Nirvana
Sonix
Telestream
VoiceBox
Trint
Happy Scribe
Descript
Limecraft
Acadecraft
TranscribeFiles
Maestra AI
Ava Live Captions
Auris AI
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听
*If Applicable.
