Other
Speech and Voice Recognition Industry worth $23.11 billion by 2030
MarketsandMarkets, MarketsandMarkets Research Private Ltd, 2025
Read the originalRead on October 19, 2026
- What it is
- The market research firm MarketsandMarkets' press release for its report on the speech and voice recognition market by technology, application and mode, published August 18, 2025. It gives the global market for 2025 and a forecast for 2030, with a compound annual growth rate for 2025 to 2030.
- How much weight it carries
- Published by the firm that produced the report, and it names the report and its forecast period. The firm does not publish its method on this page, and its scope covers speaker identification, verification and automatic speech recognition together, so the figure is broader than speech recognition software alone.
Facts taken from this source
- 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.
“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%.” (Press release, first paragraph)
- 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.
“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%.” (Press release, first paragraph)