Speech recognition market growth worldwide 2024

The speech recognition segment of the computer vision market, itself a subset of the AI market, has grown and contracted considerably since 2021. It is, however, expected to stabilize at just around 12 to 15 percent through the rest of the decade.

Growth of the speech recognition segment of the computer vision market globally from 2021 to 2030

Characteristic	Market growth
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-

Download

Source

Show detailed source information?

Already a member?

Source

Use Ask Statista Research Service

More information

Supplementary notes

Data provided by Statista Market Insights are estimates.

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.

Citation formats