Fact · Speech recognition
3.9billion US dollars
P&S Intelligence says the U.S. speech recognition software market stood at 3.9 billion US dollars in 2024, and expects it to reach 10.1 billion by 2032.
Quote found word for word on the live source, last checked October 19, 2026
In the source's own words
“The U.S. speech recognition software market size stood at USD 3.9 billion in 2024, and it is expected to grow at a CAGR of 12.8% during 2025–2032, to reach USD 10.1 billion by 2032.”
U.S. Speech Recognition Software Market Size, Share and Forecast, P&S Intelligence, P&S Intelligence, 2025, U.S. Speech Recognition Software Market Overview.
Open the original- What it measures
- The report page for the U.S. market, dated July 2025, with a study period from 2019 to 2032. The market is limited to the United States and to software.
- What it does not show
- U.S. only, so it cannot be compared with worldwide figures. It is one firm's estimate, and the firm does not publish its method on the page.
In the data
A row of Speech Recognition Market Size: Every Estimate Compared, as P&S Intelligence 2024: 3.9 billion US dollars.
- Market
- Speech recognition software
- Figure
- Size in a past year
- Year described
- 2024
- Estimated by
- P&S Intelligence
- Growth rate stated (percent a year)
- 12.8
- Region
- United States
- Published
- 2025
Source
Used to calculate
- In the speech and voice recognition market size estimates dataset, the 3 published figures for “Speech recognition software” have a median of 4.4 billion US dollars, ranging from 3.9 to 10.1.
- 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.