Europe Medical Speech Recognition Software Market Size & Outlook

The medical speech recognition software market in Europe is expected to reach a projected revenue of US$ 706.4 million by 2030. A compound annual growth rate of 10.7% is expected of Europe medical speech recognition software market from 2024 to 2030.
Revenue, 2023 (US$M)
$346.6
Forecast, 2030 (US$M)
$706.4
CAGR, 2024 - 2030
10.7%
Report Coverage
Europe

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Europe medical speech recognition software market, 2018-2030 (US$M)

Europe medical speech recognition software market, 2018-2030 (US$M)

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Europe medical speech recognition software market highlights

  • The Europe medical speech recognition software market generated a revenue of USD 346.6 million in 2023.
  • The market is expected to grow at a CAGR of 10.7% from 2024 to 2030.
  • In terms of segment, cloud based was the largest revenue generating deployment in 2023.
  • Cloud Based is the most lucrative deployment segment registering the fastest growth during the forecast period.


Europe data book summary

Market revenue in 2023USD 346.6 million
Market revenue in 2030USD 706.4 million
Growth rate10.7% (CAGR from 2024 to 2030)
Largest segmentCloud based
Fastest growing segmentCloud Based
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationCloud Based
Key market players worldwideNuance Communications, Amazon Web Services, 3M Co, International Business Machines Corp, Microsoft Corp, DeepScribe, Augnito, Deepgram, ScienceSoft USA Corporation, PrognoCIS, WebChartMD, Dolbey, Lexacom, SpeechWrite Digital


Other key industry trends

  • In terms of revenue, Europe region accounted for 22.8% of the global medical speech recognition software market in 2023.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 399.3 million by 2030.

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Medical Speech Recognition Software Market Scope

Medical speech recognition software market segmentation & scope
Cloud Based
On-premise
Functionality
Front-end Speech Recognition
Back-end Speech Recognition
Voice Command and Control
End Use
Doctors & physician
Radiologist
Medical Transcriptionist
Others
Countries
Canada
Mexico
U.S.
Denmark
France
Germany
Italy
Norway
Spain
Sweden
UK
Australia
China
India
Japan
South Korea
Argentina
Brazil
Kuwait
Saudi Arabia
South Africa
UAE

Medical Speech Recognition Software Market Companies

Name Profile # Employees HQ Website
S10.AI View profile 51-100 New York, New York, United States, North America https://s10.ai
SpeechWrite Digital View profile 11-50 Birmingham, Birmingham, United Kingdom, Europe https://www.speechwrite.com/
Lexacom View profile 11-50 Banbury, Oxfordshire, United Kingdom, Europe https://www.lexacom.co.uk
Dolbey View profile 51-100 Cincinnati, Ohio, United States, North America http://www.dolbey.com/
WebChartMD View profile 1-10 Johnson City, Tennessee, United States, North America https://www.webchartmd.org
PrognoCIS View profile 251-500 San Jose, California, United States, North America https://prognocis.com/
Deepgram View profile 51-100 San Francisco, California, United States, North America https://deepgram.com/
Augnito View profile 101-250 Mumbai, Maharashtra, India, Asia https://augnito.ai
DeepScribe View profile 51-100 San Francisco, California, United States, North America https://www.deepscribe.ai
Amazon Web Services View profile 10001+ Seattle, Washington, United States, North America http://aws.amazon.com
ScienceSoft USA Corporation View profile 501-1000 Mckinney, Texas, United States, North America https://www.scnsoft.com
Nuance Communications View profile 5001-10000 Burlington, Massachusetts, United States, North America http://www.nuance.com
3M Co View profile 85000 3M Center, St. Paul, MN, United States, 55144 https://www.3m.com
Microsoft Corp View profile 221000 One Microsoft Way, Redmond, WA, United States, 98052-6399 https://www.microsoft.com
International Business Machines Corp View profile 282200 One New Orchard Road, Armonk, NY, United States, 10504 http://www.ibm.com

Europe medical speech recognition software 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 medical speech recognition software market will help companies and investors design strategic landscapes.


Cloud based was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Europe medical speech recognition software market based on cloud based covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of Europe medical speech recognition software market databook

  • Our clientele includes a mix of medical speech recognition software market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • 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 continent-level data and insights on the Europe medical speech recognition software market , including forecasts for subscribers. This continent databook contains high-level insights into Europe medical speech recognition software market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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