Report overview
A speech recognition software identifies words spoken by an individual or speaker into a microphone, converts them into a computer-readable format, and responds automatically. These software applications recognize speech in multiple languages.
This report contains market size and forecasts of Speech Recognition Software in Global, including the following market information:
Global Speech Recognition Software Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Speech Recognition Software market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Isolated Word Recognition Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Speech Recognition Software include IBM, Microsoft, Nuance Communications, AT&T, Raytheon BBN Technologies, Sensory, Dolby Systems, LumenVox and OnMobile Global and etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Speech Recognition Software companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Speech Recognition Software Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Speech Recognition Software Market Segment Percentages, by Type, 2021 (%)
Isolated Word Recognition
Keyword Spotting
Continuous Speech Recognition
Global Speech Recognition Software Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Speech Recognition Software Market Segment Percentages, by Application, 2021 (%)
Healthcare
Military
Automotive
Retail
Government
Education
BFSI
Others
Global Speech Recognition Software Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Speech Recognition Software Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Speech Recognition Software revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Speech Recognition Software revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
IBM
Microsoft
Nuance Communications
AT&T
Raytheon BBN Technologies
Sensory
Dolby Systems
LumenVox
OnMobile Global
Voxeo
