Voice and Speech Recognition Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

8300
Present Value (M$)
2021
22200
Forecast Value (M$)
2027
18.25%
CAGR (%)

The global voice and speech recognition market reached a value of US$ 8.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 22.2 Billion by 2027, exhibiting at a CAGR of 18.25% during 2022-2027.

Main companies

  • Nuance Communication
  • Microsoft
  • Google
  • Inc.
  • IBM
  • Baidu
  • Inc.
  • Facebook
  • Inc.
  • Apple
  • Inc.
  • Amazon
  • Inc.
  • Advanced Voice Recognition Systems
  • M2SYSLLC
  • Sensory
  • BioTrust ID B.V.
  • Voicebox Technologies