Fact · Speech recognition
9.66billion US dollars
MarketsandMarkets projects the global speech and voice recognition market to grow from 9.66 billion US dollars in 2025 to 23.11 billion by 2030, at a compound annual growth rate of 19.1 percent.
Quote found word for word on the live source, last checked October 19, 2026
In the source's own words
“The global speech and voice recognition market is projected to grow from USD 9.66 billion in 2025 to USD 23.11 billion by 2030, at a CAGR of 19.1%.”
Speech and Voice Recognition Industry worth $23.11 billion by 2030, MarketsandMarkets, MarketsandMarkets Research Private Ltd, 2025, Press release, first paragraph.
Open the original- What it measures
- A press release from August 2025 for the firm's report on the speech and voice recognition market by technology, application and mode. The market covers speaker identification, speaker verification and automatic speech recognition, and the figure is for the whole world.
- What it does not show
- A firm's estimate, not a measurement. The method is not published on the release, and the scope is broader than speech recognition software alone. Other firms put 2025 at different sizes.
In the data
A row of Speech Recognition Market Size: Every Estimate Compared, as MarketsandMarkets 2025: 9.66 billion US dollars.
- Market
- Speech and voice recognition
- Figure
- Size this year (estimate)
- Year described
- 2025
- Estimated by
- MarketsandMarkets
- Growth rate stated (percent a year)
- 19.1
- Region
- Worldwide
- Published
- 2025
Source
Used to calculate
- In the speech and voice recognition market size estimates dataset, the 16 published figures for “Speech and voice recognition” have a median of 21.66 billion US dollars, ranging from 9.66 to 83.
- 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.