Global Speech-to-text Api Market Size & Outlook, 2024-2030
Global speech-to-text api market, 2018-2030 (US$M)
Global speech-to-text api market highlights
- The global speech-to-text api market generated a revenue of USD 3,813.5 million in 2024 and is expected to reach USD 8,569.4 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 14.4% by 2030.
- In terms of segment, software accounted for a revenue of USD 3,813.5 million in 2024.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2024.
Global data book summary
| Market revenue in 2024 | USD 3,813.5 million |
| Market revenue in 2030 | USD 8,569.4 million |
| Growth rate | 14.4% (CAGR from 2024 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Software |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software |
Other key industry trends
- In terms of revenue, the North America accounted for 33.1% of the global speech-to-text api market in 2024.
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Speech-to-text API Market Scope
Speech-to-text API Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global speech-to-text api market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to speech-to-text api market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 100% in 2024. Horizon Databook has segmented the Global speech-to-text api market based on software covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Speech-to-text API Component Outlook (Revenue, USD Million, 2018-2030)
- Software
- Services
- Global Speech-to-text API Deployment Outlook (Revenue, USD Million, 2018-2030)
- On-premises
- Cloud
- Global Speech-to-text API Organization Size Outlook (Revenue, USD Million, 2018-2030)
- SMEs
- Large enterprises
- Global Speech-to-text API Application Outlook (Revenue, USD Million, 2018-2030)
- Contact center and customer management
- Content Transcription
- Fraud Detection and Prevention
- Risk and Compliance Management
- Subtitle Generation
- Others (conference call analysis, business process monitoring, and quality management)
- Global Speech-to-text API Vertical Outlook (Revenue, USD Million, 2018-2030)
- BFSI
- IT & Telecom
- Healthcare
- Retail & ecommerce
- Government & defense
- Media & Entertainment
- Travel & Hospitality
- Others
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Target buyers of Global speech-to-text api market databook
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Our clientele includes a mix of speech-to-text api market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global speech-to-text api market , including forecasts for subscribers. This global databook contains high-level insights into Global speech-to-text api market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global speech-to-text api market size, by regions, 2018-2030 (US$M)
Related regional statistics
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