Fact · Speech recognition
41.93billion US dollars
Grand View Research projects the U.S. transcription market to grow at a 5.2 percent compound annual rate from 2025 to 2030 and reach 41.93 billion US dollars by 2030.
Quote found word for word on the live source, last checked October 19, 2026
In the source's own words
“The U.S. transcription market is expected to grow at a compound annual growth rate of 5.2% from 2025 to 2030 to reach USD 41.93 billion by 2030.”
U.S. Transcription Market Size, Share | Industry Report, 2030, Grand View Research, Grand View Research, Inc., 2024, Frequently asked questions on the report page.
Open the original- What it measures
- The firm's answer to the question of how fast the U.S. transcription market grows, on the report page updated October 2024.
- What it does not show
- A forecast by one firm, with the broad transcription definition described for the 2024 value. It is U.S. only.
In the data
A row of Speech Recognition Market Size: Every Estimate Compared, as Grand View 2030: 41.93 billion US dollars.
- Market
- Transcription
- Figure
- Forecast
- Year described
- 2030
- Estimated by
- Grand View Research
- Growth rate stated (percent a year)
- 5.2
- Region
- United States
- Published
- 2024
Source
Used to calculate
- In the speech and voice recognition market size estimates dataset, the 5 published figures for “Transcription” have a median of 19.2 billion US dollars, ranging from 1.58 to 41.93.
- The speech and voice recognition market size estimates dataset holds 32 data points, each a published figure traced to its source.
- The speech and voice recognition market size estimates dataset draws on 12 distinct sources.