South Africa Voice And Speech Recognition Market Size & Outlook
South Africa voice and speech recognition market, 2018-2030 (US$M)
Related Markets
South Africa voice and speech recognition market highlights
- The South Africa voice and speech recognition market generated a revenue of USD 329.6 million in 2023 and is expected to reach USD 964.5 million by 2030.
- The South Africa market is expected to grow at a CAGR of 16.6% from 2024 to 2030.
- In terms of segment, speech 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 329.6 million |
| Market revenue in 2030 | USD 964.5 million |
| Growth rate | 16.6% (CAGR from 2023 to 2030) |
| Largest segment | Speech 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, South Africa accounted for 1.6% 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 Middle East & Africa, Israel voice and speech recognition market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 1,352.8 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Voice And Speech Recognition Market Scope
Voice And Speech Recognition Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa 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.
Speech recognition was the largest segment with a revenue share of 86.71% in 2023. Horizon Databook has segmented the South Africa voice and speech recognition market based on voice recognition, speech recognition covering the revenue growth of each sub-segment from 2018 to 2030.
- South Africa 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
- South Africa Voice And Speech Recognition Technology Outlook (Revenue, USD Million, 2018-2030)
- Artificial Intelligence
- Non-Artificial Intelligence
- South Africa 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
Reasons to subscribe to South Africa voice and speech recognition market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of South Africa voice and speech recognition market databook
-
Our clientele includes a mix of voice and speech recognition 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 country-level data and insights on the South Africa voice and speech recognition market , including forecasts for subscribers. This country databook contains high-level insights into South Africa voice and speech recognition market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Africa voice and speech recognition market size, by function, 2018-2030 (US$M)
South Africa Voice And Speech Recognition Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
