
The global market for AI Speech Recognition Technology was valued at US$ million in the year 2024 and is projected to reach a revised size of US$ million by 2031, growing at a CAGR of %during the forecast period.
As an important force driving a new round of scientific and technological revolution, artificial intelligence has been of national strategic importance. Many governments introduces polices and increase capital investment to support AI companies. The Digital Europe plan adopted by the European Union will allocate €9.2 billion on high-tech investments, such as supercomputing, artificial intelligence, and network security. In order to maintain its leading position, the United States will increase its investment in artificial intelligence research and development in non-defense fields, from US$1.6 billion to US$1.7 billion in 2022. According to the latest data released by IDC, global artificial intelligence revenue was US$432.8 billion in 2022, a year-on-year increase of 19.78%, including software, hardware and services.
This report aims to provide a comprehensive presentation of the global market for AI Speech Recognition Technology, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding AI Speech Recognition Technology.
The AI Speech Recognition Technology market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global AI Speech Recognition Technology 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 Speech Recognition Technology 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
Microsoft Corporation
Alphabet Inc.
Cantab Research Limited
Sensory, Inc.
ReadSpeaker Holding B.V.
Pareteum Corporation
Iflytek Co., Ltd.
VoiceVault Inc.
VoiceBox Technologies Corp.
LumenVox, LLC (US)
Acapela Group SA
BioTrust
Segment by Type
Online
Offline
Segment by Application
Automobile Industry
Education Industry
Service Industry
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 Speech Recognition Technology 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 Speech Recognition Technology Market Size Growth Rate by Type: 2020 VS 2024 VS 2031
1.2.2 Online
1.2.3 Offline
1.3 Market by Application
1.3.1 Global AI Speech Recognition Technology Market Growth by Application: 2020 VS 2024 VS 2031
1.3.2 Automobile Industry
1.3.3 Education Industry
1.3.4 Service Industry
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global AI Speech Recognition Technology Market Perspective (2020-2031)
2.2 Global AI Speech Recognition Technology Growth Trends by Region
2.2.1 Global AI Speech Recognition Technology Market Size by Region: 2020 VS 2024 VS 2031
2.2.2 AI Speech Recognition Technology Historic Market Size by Region (2020-2025)
2.2.3 AI Speech Recognition Technology Forecasted Market Size by Region (2026-2031)
2.3 AI Speech Recognition Technology Market Dynamics
2.3.1 AI Speech Recognition Technology Industry Trends
2.3.2 AI Speech Recognition Technology Market Drivers
2.3.3 AI Speech Recognition Technology Market Challenges
2.3.4 AI Speech Recognition Technology Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top AI Speech Recognition Technology Players by Revenue
3.1.1 Global Top AI Speech Recognition Technology Players by Revenue (2020-2025)
3.1.2 Global AI Speech Recognition Technology Revenue Market Share by Players (2020-2025)
3.2 Global AI Speech Recognition Technology Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players Ranking by AI Speech Recognition Technology Revenue
3.4 Global AI Speech Recognition Technology Market Concentration Ratio
3.4.1 Global AI Speech Recognition Technology Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by AI Speech Recognition Technology Revenue in 2024
3.5 Global Key Players of AI Speech Recognition Technology Head office and Area Served
3.6 Global Key Players of AI Speech Recognition Technology, Product and Application
3.7 Global Key Players of AI Speech Recognition Technology, Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 AI Speech Recognition Technology Breakdown Data by Type
4.1 Global AI Speech Recognition Technology Historic Market Size by Type (2020-2025)
4.2 Global AI Speech Recognition Technology Forecasted Market Size by Type (2026-2031)
5 AI Speech Recognition Technology Breakdown Data by Application
5.1 Global AI Speech Recognition Technology Historic Market Size by Application (2020-2025)
5.2 Global AI Speech Recognition Technology Forecasted Market Size by Application (2026-2031)
6 North America
6.1 North America AI Speech Recognition Technology Market Size (2020-2031)
6.2 North America AI Speech Recognition Technology Market Growth Rate by Country: 2020 VS 2024 VS 2031
6.3 North America AI Speech Recognition Technology Market Size by Country (2020-2025)
6.4 North America AI Speech Recognition Technology Market Size by Country (2026-2031)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe AI Speech Recognition Technology Market Size (2020-2031)
7.2 Europe AI Speech Recognition Technology Market Growth Rate by Country: 2020 VS 2024 VS 2031
7.3 Europe AI Speech Recognition Technology Market Size by Country (2020-2025)
7.4 Europe AI Speech Recognition Technology Market Size by Country (2026-2031)
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 Speech Recognition Technology Market Size (2020-2031)
8.2 Asia-Pacific AI Speech Recognition Technology Market Growth Rate by Region: 2020 VS 2024 VS 2031
8.3 Asia-Pacific AI Speech Recognition Technology Market Size by Region (2020-2025)
8.4 Asia-Pacific AI Speech Recognition Technology Market Size by Region (2026-2031)
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 Speech Recognition Technology Market Size (2020-2031)
9.2 Latin America AI Speech Recognition Technology Market Growth Rate by Country: 2020 VS 2024 VS 2031
9.3 Latin America AI Speech Recognition Technology Market Size by Country (2020-2025)
9.4 Latin America AI Speech Recognition Technology Market Size by Country (2026-2031)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa AI Speech Recognition Technology Market Size (2020-2031)
10.2 Middle East & Africa AI Speech Recognition Technology Market Growth Rate by Country: 2020 VS 2024 VS 2031
10.3 Middle East & Africa AI Speech Recognition Technology Market Size by Country (2020-2025)
10.4 Middle East & Africa AI Speech Recognition Technology Market Size by Country (2026-2031)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Microsoft Corporation
11.1.1 Microsoft Corporation Company Details
11.1.2 Microsoft Corporation Business Overview
11.1.3 Microsoft Corporation AI Speech Recognition Technology Introduction
11.1.4 Microsoft Corporation Revenue in AI Speech Recognition Technology Business (2020-2025)
11.1.5 Microsoft Corporation Recent Development
11.2 Alphabet Inc.
11.2.1 Alphabet Inc. Company Details
11.2.2 Alphabet Inc. Business Overview
11.2.3 Alphabet Inc. AI Speech Recognition Technology Introduction
11.2.4 Alphabet Inc. Revenue in AI Speech Recognition Technology Business (2020-2025)
11.2.5 Alphabet Inc. Recent Development
11.3 Cantab Research Limited
11.3.1 Cantab Research Limited Company Details
11.3.2 Cantab Research Limited Business Overview
11.3.3 Cantab Research Limited AI Speech Recognition Technology Introduction
11.3.4 Cantab Research Limited Revenue in AI Speech Recognition Technology Business (2020-2025)
11.3.5 Cantab Research Limited Recent Development
11.4 Sensory, Inc.
11.4.1 Sensory, Inc. Company Details
11.4.2 Sensory, Inc. Business Overview
11.4.3 Sensory, Inc. AI Speech Recognition Technology Introduction
11.4.4 Sensory, Inc. Revenue in AI Speech Recognition Technology Business (2020-2025)
11.4.5 Sensory, Inc. Recent Development
11.5 ReadSpeaker Holding B.V.
11.5.1 ReadSpeaker Holding B.V. Company Details
11.5.2 ReadSpeaker Holding B.V. Business Overview
11.5.3 ReadSpeaker Holding B.V. AI Speech Recognition Technology Introduction
11.5.4 ReadSpeaker Holding B.V. Revenue in AI Speech Recognition Technology Business (2020-2025)
11.5.5 ReadSpeaker Holding B.V. Recent Development
11.6 Pareteum Corporation
11.6.1 Pareteum Corporation Company Details
11.6.2 Pareteum Corporation Business Overview
11.6.3 Pareteum Corporation AI Speech Recognition Technology Introduction
11.6.4 Pareteum Corporation Revenue in AI Speech Recognition Technology Business (2020-2025)
11.6.5 Pareteum Corporation Recent Development
11.7 Iflytek Co., Ltd.
11.7.1 Iflytek Co., Ltd. Company Details
11.7.2 Iflytek Co., Ltd. Business Overview
11.7.3 Iflytek Co., Ltd. AI Speech Recognition Technology Introduction
11.7.4 Iflytek Co., Ltd. Revenue in AI Speech Recognition Technology Business (2020-2025)
11.7.5 Iflytek Co., Ltd. Recent Development
11.8 VoiceVault Inc.
11.8.1 VoiceVault Inc. Company Details
11.8.2 VoiceVault Inc. Business Overview
11.8.3 VoiceVault Inc. AI Speech Recognition Technology Introduction
11.8.4 VoiceVault Inc. Revenue in AI Speech Recognition Technology Business (2020-2025)
11.8.5 VoiceVault Inc. Recent Development
11.9 VoiceBox Technologies Corp.
11.9.1 VoiceBox Technologies Corp. Company Details
11.9.2 VoiceBox Technologies Corp. Business Overview
11.9.3 VoiceBox Technologies Corp. AI Speech Recognition Technology Introduction
11.9.4 VoiceBox Technologies Corp. Revenue in AI Speech Recognition Technology Business (2020-2025)
11.9.5 VoiceBox Technologies Corp. Recent Development
11.10 LumenVox, LLC (US)
11.10.1 LumenVox, LLC (US) Company Details
11.10.2 LumenVox, LLC (US) Business Overview
11.10.3 LumenVox, LLC (US) AI Speech Recognition Technology Introduction
11.10.4 LumenVox, LLC (US) Revenue in AI Speech Recognition Technology Business (2020-2025)
11.10.5 LumenVox, LLC (US) Recent Development
11.11 Acapela Group SA
11.11.1 Acapela Group SA Company Details
11.11.2 Acapela Group SA Business Overview
11.11.3 Acapela Group SA AI Speech Recognition Technology Introduction
11.11.4 Acapela Group SA Revenue in AI Speech Recognition Technology Business (2020-2025)
11.11.5 Acapela Group SA Recent Development
11.12 BioTrust
11.12.1 BioTrust Company Details
11.12.2 BioTrust Business Overview
11.12.3 BioTrust AI Speech Recognition Technology Introduction
11.12.4 BioTrust Revenue in AI Speech Recognition Technology Business (2020-2025)
11.12.5 BioTrust 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
Microsoft Corporation
Alphabet Inc.
Cantab Research Limited
Sensory, Inc.
ReadSpeaker Holding B.V.
Pareteum Corporation
Iflytek Co., Ltd.
VoiceVault Inc.
VoiceBox Technologies Corp.
LumenVox, LLC (US)
Acapela Group SA
BioTrust
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*If Applicable.
