Fact · Speech recognition
19.2billion US dollars
Market.us projects the global AI transcription market to reach about 19.2 billion US dollars by 2034, growing at a compound annual growth rate of 15.6 percent from 2025 to 2034.
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”
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. The 2034 figure is the end of the forecast period.
- What it does not show
- A forecast from a market research firm, 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 2034: 19.2 billion US dollars.
- Market
- Transcription
- Figure
- Forecast
- Year described
- 2034
- 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.