The global market size in the 'Speech Recognition' segment of the artificial intelligence market was forecast to continuously increase between 2025 and 2031 by in total 14.9 billion U.S. dollars (+169.9 percent). After the ninth consecutive increasing year, the market size is estimated to reach 23.67 billion U.S. dollars and therefore a new peak in 2031.
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Size of the speech recognition segment of the computer vision market globally from 2021 to 2031
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Definition: Speech recognition, as a part of computer vision, focuses on converting spoken language into written text and/or commands. It involves the use of algorithms and machine learning models to analyze and interpret audio signals, recognizing and transcribing the spoken words into textual form. Speech recognition systems utilize techniques such as acoustic modeling, language modeling, and neural networks to accurately convert spoken language into written text. This technology has widespread applications, including voice assistants, dictation software, transcription services, call center automation, and hands-free control of devices, facilitating natural and efficient human-machine communication through spoken language.
Additional Information:
The market comprises two key performance indicators: market sizes and market sizes by industry. Market sizes are generated by the funding amount of Computer Vision companies. Key players of the market include companies such as Nvidia, Intel or IBM.
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Bergur Thormundsson
Research expert covering technology in the Nordics, AI and smart cities
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Statista. (March 25, 2025). Size of the speech recognition segment of the computer vision market globally from 2021 to 2031 (in billion U.S. dollars) [Graph]. In Statista. Retrieved April 26, 2025, from https://www.statista.com/forecasts/1491232/speech-recognition-market-size-worldwide
Statista. "Size of the speech recognition segment of the computer vision market globally from 2021 to 2031 (in billion U.S. dollars)." Chart. March 25, 2025. Statista. Accessed April 26, 2025. https://www.statista.com/forecasts/1491232/speech-recognition-market-size-worldwide
Statista. (2025). Size of the speech recognition segment of the computer vision market globally from 2021 to 2031 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: April 26, 2025. https://www.statista.com/forecasts/1491232/speech-recognition-market-size-worldwide
Statista. "Size of The Speech Recognition Segment of The Computer Vision Market Globally from 2021 to 2031 (in Billion U.S. Dollars)." Statista, Statista Inc., 25 Mar 2025, https://www.statista.com/forecasts/1491232/speech-recognition-market-size-worldwide
Statista, Size of the speech recognition segment of the computer vision market globally from 2021 to 2031 (in billion U.S. dollars) Statista, https://www.statista.com/forecasts/1491232/speech-recognition-market-size-worldwide (last visited April 26, 2025)
Size of the speech recognition segment of the computer vision market globally from 2021 to 2031 (in billion U.S. dollars) [Graph], Statista, March 25, 2025. [Online]. Available: https://www.statista.com/forecasts/1491232/speech-recognition-market-size-worldwide
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