Fact · Speech recognition
4.5billion US dollars
Market.us says the global AI transcription market was 4.5 billion US dollars in 2024.
Quote found word for word on the live source, last checked October 19, 2026
In the source's own words
“The Global AI Transcription Market size is expected to be worth around USD 19.2 billion by 2034, from USD 4.5 billion in 2024”
AI Transcription Market Size, Share | CAGR of 15.6%, Market.us, Market.us, 2025, Report overview.
Open the original- What it measures
- Market.us's report page for its global AI transcription market report, published July 2025. 2024 is a year before the report's own year.
- What it does not show
- A market research firm's estimate, not a measurement. The page does not state its method, or whether the market covers software only or services too.
In the data
A row of Speech Recognition Market Size: Every Estimate Compared, as Market.us AI 2024: 4.5 billion US dollars.
- Market
- Transcription
- Figure
- Size in a past year
- Year described
- 2024
- Estimated by
- Market.us
- Growth rate stated (percent a year)
- 15.6
- Region
- Worldwide
- Published
- 2025
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.