Fact · Speech recognition
61.78billion US dollars
Mordor Intelligence forecasts the voice recognition market will reach USD 61.78 billion by 2031, at a 22.38 percent CAGR from 2026 to 2031.
Quote found word for word on the live source, last checked October 19, 2026
In the source's own words
“The Voice Recognition Market size is projected to be USD 18.39 billion in 2025, USD 22.51 billion in 2026, and reach USD 61.78 billion by 2031, growing at a CAGR of 22.38% from 2026 to 2031.”
Voice Recognition Market Size & Share Analysis - Growth Trends and Forecast (2026 - 2031), Mordor Intelligence, 2026, Market summary.
Open the original- What it measures
- Mordor Intelligence's report summary page for its voice recognition market. The page states the market size for 2025 and 2026 and a 2031 forecast in the same sentence.
- What it does not show
- A voice recognition market, not the speech and voice recognition market the dataset names. Mordor's method is not published on this page, and figures from other publishers differ widely.
In the data
A row of Speech Recognition Market Size: Every Estimate Compared, as Mordor voice recognition 2031: 61.78 billion US dollars.
- Market
- Other
- Figure
- Forecast
- Year described
- 2031
- Estimated by
- Mordor Intelligence
- Growth rate stated (percent a year)
- 22.38
- Published
- 2026
Source
Used to calculate
- In the speech and voice recognition market size estimates dataset, the 6 published figures for “Other” have a median of 24.61 billion US dollars, ranging from 18.39 to 96.77.
- 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.