China Voice And Speech Recognition Market Size & Outlook
The voice and speech recognition market in China is expected to reach a projected revenue of US$ 3,575.1 million by 2030. A compound annual growth rate of 20.7% is expected of China voice and speech recognition market from 2024 to 2030.
Revenue, 2023 (US$M)
$957.8
Forecast, 2030 (US$M)
$3,575.1
CAGR, 2024 - 2030
20.7%
Report Coverage
China
China voice and speech recognition market, 2018-2030 (US$M)
Related Markets
China voice and speech recognition market highlights
- The China voice and speech recognition market generated a revenue of USD 957.8 million in 2023 and is expected to reach USD 3,575.1 million by 2030.
- The China market is expected to grow at a CAGR of 20.7% from 2024 to 2030.
- In terms of segment, voice recognition was the largest revenue generating function in 2023.
- Voice Recognition is the most lucrative function segment registering the fastest growth during the forecast period.
Voice and speech recognition market data book summary
| Market revenue in 2023 | USD 957.8 million |
| Market revenue in 2030 | USD 3,575.1 million |
| Growth rate | 20.7% (CAGR from 2023 to 2030) |
| Largest segment | Voice recognition |
| Fastest growing segment | Voice Recognition |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Voice Recognition, Speech Recognition |
| Key market players worldwide | Advanced Voice Recognition Systems Inc, Amazon.com Inc, APi Group Corp, Apple Inc, Baidu Inc ADR, BrightView Holdings Inc, Meta Platforms Inc Class A, Alphabet Inc Class A, International Business Machines Corp, Microsoft Corp, 3M Co, Nuance Communications, RTX Corp, Medlst MBS Ttl Rtn A |
Other key industry trends
- In terms of revenue, China accounted for 4.7% of the global voice and speech recognition market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China voice and speech recognition market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,575.1 million by 2030.
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Voice And Speech Recognition Market Scope
Voice and speech recognition market segmentation & scope
Others
Voice And Speech Recognition Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China voice and speech recognition 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 voice and speech recognition market will help companies and investors design strategic landscapes.
Voice recognition was the largest segment with a revenue share of 50.47% in 2023. Horizon Databook has segmented the China voice and speech recognition market based on voice recognition, speech recognition covering the revenue growth of each sub-segment from 2018 to 2030.
- China Voice And Speech Recognition Function Outlook (Revenue, USD Million, 2018-2030)
- Voice Recognition
- Speaker Identification
- Speaker Verification
- Speech Recognition
- Automatic Speech Recognition
- Text to Speech
- Voice Recognition
- China Voice And Speech Recognition Technology Outlook (Revenue, USD Million, 2018-2030)
- Artificial Intelligence
- Non-Artificial Intelligence
- China Voice And Speech Recognition Vertical Outlook (Revenue, USD Million, 2018-2030)
- Automotive
- Enterprise
- Consumer
- Banking, Financial Services, & Insurance
- Government
- Retail
- Healthcare
- Military
- Legal
- Education
- Others
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Our clientele includes a mix of voice and speech recognition market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the China voice and speech recognition market , including forecasts for subscribers. This country databook contains high-level insights into China voice and speech recognition market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China voice and speech recognition market size, by function, 2018-2030 (US$M)
China Voice And Speech Recognition Market Outlook Share, 2023 & 2030 (US$M)
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