North America Speech-to-text Api Market Size & Outlook

The speech-to-text api market in North America is expected to reach a projected revenue of US$ 2,696.8 million by 2030. A compound annual growth rate of 13.4% is expected of North America speech-to-text api market from 2025 to 2030.
Revenue, 2024 (US$M)
$1,263.1
Forecast, 2030 (US$M)
$2,696.8
CAGR, 2025 - 2030
13.4%
Report Coverage
North America

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

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North America speech-to-text api market highlights

  • The North America speech-to-text api market generated a revenue of USD 1,263.1 million in 2024.
  • The market is expected to grow at a CAGR of 13.4% from 2025 to 2030.
  • In terms of segment, software was the largest revenue generating component in 2024.
  • Services is the most lucrative component segment registering the fastest growth during the forecast period.
  • Country-wise, Canada is expected to register the highest CAGR from 2025 to 2030.


North America data book summary

Market revenue in 2024USD 1,263.1 million
Market revenue in 2030USD 2,696.8 million
Growth rate13.4% (CAGR from 2025 to 2030)
Largest segmentSoftware
Fastest growing segmentServices
Historical data covered2018 - 2023
Base year for estimation2024
Forecast period covered2025 - 2030
Quantitative unitsRevenue in USD million
Market segmentationSoftware, Services
Key market players worldwideAmazon 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, North America region accounted for 33.1% 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.

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Speech-to-text API Market Companies

Name Profile # Employees HQ Website
VoiceBase View profile 51-100 San Francisco, California, United States, North America http://www.voicebase.com
Vocapia Research View profile 11-50 Orsay, Ile-de-France, France, Europe http://www.vocapia.com
Speechmatics View profile 101-250 Cambridge, Cambridgeshire, United Kingdom, Europe https://www.speechmatics.com
AssemblyAI View profile 101-250 San Francisco, California, United States, North America https://www.assemblyai.com
Amberscript View profile 101-250 Amsterdam, Noord-Holland, The Netherlands, Europe https://www.amberscript.com
Deepgram View profile 51-100 San Francisco, California, United States, North America https://deepgram.com/
Amazon Web Services View profile 10001+ Seattle, Washington, United States, North America http://aws.amazon.com
Verint Systems Inc View profile 3700 175 Broadhollow Road, Suite 100, Melville, NY, United States, 11747 https://www.verint.com
Nuance Communications View profile 5001-10000 Burlington, Massachusetts, United States, North America http://www.nuance.com
Alphabet Inc Class A View profile 180895 1600 Amphitheatre Parkway, Mountain View, CA, United States, 94043 https://www.abc.xyz
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

North America 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 80.02% in 2024. Horizon Databook has segmented the North America speech-to-text api market based on software, services covering the revenue growth of each sub-segment from 2018 to 2030.


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

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North America speech-to-text api market size, by country, 2018-2030 (US$M)

North America Speech-to-text API Market Outlook Share, 2024 & 2030 (US$M)

North America speech-to-text api market size, by country, 2018-2030 (US$M)

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