Fact · Speech recognition
23.11billion US dollars
MarketsandMarkets projects the global speech and voice recognition market to reach 23.11 billion US dollars by 2030, growing from 9.66 billion in 2025 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 forecast by a firm, not a measurement. The growth rate is the firm's own, and the scope is broader than speech recognition software alone.
In the data
A row of Speech Recognition Market Size: Every Estimate Compared, as MarketsandMarkets 2030: 23.11 billion US dollars.
- Market
- Speech and voice recognition
- Figure
- Forecast
- Year described
- 2030
- 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.