The speech-based NLP market has seen a few turbulent years of growth and contractions since 2020 but is expected to stabilize at considerable growth from 2023 onwards, growing more than 10 billion annually.
Size of the speech-based segment of the natural language processing (NLP) market globally from 2020 to 2030
(in billion U.S. dollars)
Data provided by Statista Market Insights are estimates.
Definition: The Speech-Based Natural Language Processing (NLP) market encompasses applications that interpret and understand spoken language and includes systems that can transcribe, translate, and analyze spoken words and phrases with the goal of improving human-machine communication. The Speech-Based NLP market has relevance for the healthcare, finance, and customer service industries.
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 Amazon Web Services, Google Cloud Speech-to-Text, and Microsoft Azure Speech Services.
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Statista. (September 10, 2024). Size of the speech-based segment of the natural language processing (NLP) market globally from 2020 to 2030 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 19, 2024, from https://www.statista.com/forecasts/1491235/speech-based-nlp-market-size-worldwide
Statista. "Size of the speech-based segment of the natural language processing (NLP) market globally from 2020 to 2030 (in billion U.S. dollars)." Chart. September 10, 2024. Statista. Accessed November 19, 2024. https://www.statista.com/forecasts/1491235/speech-based-nlp-market-size-worldwide
Statista. (2024). Size of the speech-based segment of the natural language processing (NLP) market globally from 2020 to 2030 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 19, 2024. https://www.statista.com/forecasts/1491235/speech-based-nlp-market-size-worldwide
Statista. "Size of The Speech-based Segment of The Natural Language Processing (Nlp) Market Globally from 2020 to 2030 (in Billion U.S. Dollars)." Statista, Statista Inc., 10 Sep 2024, https://www.statista.com/forecasts/1491235/speech-based-nlp-market-size-worldwide
Statista, Size of the speech-based segment of the natural language processing (NLP) market globally from 2020 to 2030 (in billion U.S. dollars) Statista, https://www.statista.com/forecasts/1491235/speech-based-nlp-market-size-worldwide (last visited November 19, 2024)
Size of the speech-based segment of the natural language processing (NLP) market globally from 2020 to 2030 (in billion U.S. dollars) [Graph], Statista, September 10, 2024. [Online]. Available: https://www.statista.com/forecasts/1491235/speech-based-nlp-market-size-worldwide
