Europe Speech-to-text API Market Size & Outlook, 2030

Revenue, 2024 (US$M)

$946.5

Forecast, 2030 (US$M)

$2,144.1

CAGR, 2025 - 2030

14.6%

Report Coverage

Europe

Europe speech-to-text api market, 2018-2030 (US$M)

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Related Markets

Global Speech-to-text API Industry Outlook

North America Speech-to-text API Market Outlook

Asia Pacific Speech-to-text API Market Outlook

Latin America Speech-to-text API Market Outlook

MEA Speech-to-text API Market Outlook

Europe speech-to-text api market highlights

The Europe speech-to-text api market generated a revenue of USD 946.5 million in 2024.
The market is expected to grow at a CAGR of 14.6% from 2025 to 2030.
In terms of segment, software was the largest revenue generating component in 2024.
Software is the most lucrative component segment registering the fastest growth during the forecast period.

Europe data book summary

Market revenue in 2024	USD 946.5 million
Market revenue in 2030	USD 2,144.1 million
Growth rate	14.6% (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
Key market players worldwide	Amazon Web Services, Amberscript, AssemblyAI, Deepgram, Alphabet Inc Class A, International Business Machines Corp, Microsoft Corp, Nuance Communications, Speechmatics, Verint Systems Inc, Vocapia Research, VoiceBase

Other key industry trends

In terms of revenue, Europe region accounted for 24.8% of the global speech-to-text api market in 2024.
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 2,225.1 million by 2030.

Key Regions: UK , U.S. , Japan , Brazil , UAE

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Speech-to-text API Market Scope

Speech-to-text api market segmentation & scope

Component

Software

Services

Deployment

On-premises

Cloud

Organization Size

SMEs

Large enterprises

Application

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)

Vertical

BFSI

IT & Telecom

Healthcare

Retail & ecommerce

Government & defense

Media & Entertainment

Travel & Hospitality

Others

Regions

Latin America

Europe

North America

Middle East & Africa

Asia Pacific

Countries

Canada

Mexico

U.S.

France

Germany

Australia

China

India

Japan

South Korea

Brazil

Saudi Arabia

UAE

South Africa

Speech-to-text API Market Companies

Name	Profile	# Employees	HQ	Website

Europe 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 Europe speech-to-text api market based on software covering the revenue growth of each sub-segment from 2018 to 2030.

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Target buyers of Europe speech-to-text api market databook

Our clientele includes a mix of speech-to-text api 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.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe speech-to-text api market , including forecasts for subscribers. This continent databook contains high-level insights into Europe speech-to-text api market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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