AI Speech Recognition Market, Global Outlook and Forecast 2022-2028

June 2022 | 63 pages | ID: A78AF5B475B8EN
Market Monitor Global

Abstracts

AI Speech Recognition is a conversational AI tool that uses voice commands to receive and interpret directives. With this technology, devices can interact and respond to human questions in natural language

This report contains market size and forecasts of AI Speech Recognition in Global, including the following market information:

Global AI Speech Recognition Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global AI Speech Recognition market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period 2022-2028.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Automatic Speech Recognition Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of AI Speech Recognition include Amazon. Com, Inc., Baidu, Inc., Google Inc. (Alphabet Inc.), IBM Corporation., IFLYTEK Inc., Microsoft Corporation, Nuance Communications, Inc., Raytheon Company and Sensory Inc. and etc. In 2021, the global top five players have a share approximately % in terms of revenue.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the AI Speech Recognition companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global AI Speech Recognition Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global AI Speech Recognition Market Segment Percentages, by Type, 2021 (%)

• Automatic Speech Recognition
• Text to Speech

Global AI Speech Recognition Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global AI Speech Recognition Market Segment Percentages, by Application, 2021 (%)

• Automotive
• Consumer
• BFSI
• Government
• Retail
• Healthcare
• Education
• Others

Global AI Speech Recognition Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global AI Speech Recognition Market Segment Percentages, By Region and Country, 2021 (%)

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic Countries
• Benelux
• Rest of Europe
• Asia
• China
• Japan
• South Korea
• Southeast Asia
• India
• Rest of Asia
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Turkey
• Israel
• Saudi Arabia
• UAE
• Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies AI Speech Recognition revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies AI Speech Recognition revenues share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

• Amazon. Com, Inc.
• Baidu, Inc.
• Google Inc. (Alphabet Inc.)
• IBM Corporation.
• IFLYTEK Inc.
• Microsoft Corporation
• Nuance Communications, Inc.
• Raytheon Company
• Sensory Inc.
• speak2web

Contents

1 INTRODUCTION TO RESEARCH & ANALYSIS REPORTS

1.1 AI Speech Recognition Market Definition
1.2 Market Segments
  1.2.1 Market by Type
  1.2.2 Market by Application
1.3 Global AI Speech Recognition Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
  1.5.1 Research Methodology
  1.5.2 Research Process
  1.5.3 Base Year
  1.5.4 Report Assumptions & Caveats

2 GLOBAL AI SPEECH RECOGNITION OVERALL MARKET SIZE

2.1 Global AI Speech Recognition Market Size: 2021 VS 2028
2.2 Global AI Speech Recognition Market Size, Prospects & Forecasts: 2017-2028
2.3 Key Market Trends, Opportunity, Drivers and Restraints
  2.3.1 Market Opportunities & Trends
  2.3.2 Market Drivers
  2.3.3 Market Restraints

3 COMPANY LANDSCAPE

3.1 Top AI Speech Recognition Players in Global Market
3.2 Top Global AI Speech Recognition Companies Ranked by Revenue
3.3 Global AI Speech Recognition Revenue by Companies
3.4 Top 3 and Top 5 AI Speech Recognition Companies in Global Market, by Revenue in 2021
3.5 Global Companies AI Speech Recognition Product Type
3.6 Tier 1, Tier 2 and Tier 3 AI Speech Recognition Players in Global Market
  3.6.1 List of Global Tier 1 AI Speech Recognition Companies
  3.6.2 List of Global Tier 2 and Tier 3 AI Speech Recognition Companies

4 MARKET SIGHTS BY PRODUCT

4.1 Overview
  4.1.1 by Type - Global AI Speech Recognition Market Size Markets, 2021 & 2028
  4.1.2 Automatic Speech Recognition
  4.1.3 Text to Speech
4.2 By Type - Global AI Speech Recognition Revenue & Forecasts
  4.2.1 By Type - Global AI Speech Recognition Revenue, 2017-2022
  4.2.2 By Type - Global AI Speech Recognition Revenue, 2023-2028
  4.2.3 By Type - Global AI Speech Recognition Revenue Market Share, 2017-2028

5 SIGHTS BY APPLICATION

5.1 Overview
  5.1.1 By Application - Global AI Speech Recognition Market Size, 2021 & 2028
  5.1.2 Automotive
  5.1.3 Consumer
  5.1.4 BFSI
  5.1.5 Government
  5.1.6 Retail
  5.1.7 Healthcare
  5.1.8 Education
  5.1.9 Others
5.2 By Application - Global AI Speech Recognition Revenue & Forecasts
  5.2.1 By Application - Global AI Speech Recognition Revenue, 2017-2022
  5.2.2 By Application - Global AI Speech Recognition Revenue, 2023-2028
  5.2.3 By Application - Global AI Speech Recognition Revenue Market Share, 2017-2028

6 SIGHTS BY REGION

6.1 By Region - Global AI Speech Recognition Market Size, 2021 & 2028
6.2 By Region - Global AI Speech Recognition Revenue & Forecasts
  6.2.1 By Region - Global AI Speech Recognition Revenue, 2017-2022
  6.2.2 By Region - Global AI Speech Recognition Revenue, 2023-2028
  6.2.3 By Region - Global AI Speech Recognition Revenue Market Share, 2017-2028
6.3 North America
  6.3.1 By Country - North America AI Speech Recognition Revenue, 2017-2028
  6.3.2 US AI Speech Recognition Market Size, 2017-2028
  6.3.3 Canada AI Speech Recognition Market Size, 2017-2028
  6.3.4 Mexico AI Speech Recognition Market Size, 2017-2028
6.4 Europe
  6.4.1 By Country - Europe AI Speech Recognition Revenue, 2017-2028
  6.4.2 Germany AI Speech Recognition Market Size, 2017-2028
  6.4.3 France AI Speech Recognition Market Size, 2017-2028
  6.4.4 U.K. AI Speech Recognition Market Size, 2017-2028
  6.4.5 Italy AI Speech Recognition Market Size, 2017-2028
  6.4.6 Russia AI Speech Recognition Market Size, 2017-2028
  6.4.7 Nordic Countries AI Speech Recognition Market Size, 2017-2028
  6.4.8 Benelux AI Speech Recognition Market Size, 2017-2028
6.5 Asia
  6.5.1 By Region - Asia AI Speech Recognition Revenue, 2017-2028
  6.5.2 China AI Speech Recognition Market Size, 2017-2028
  6.5.3 Japan AI Speech Recognition Market Size, 2017-2028
  6.5.4 South Korea AI Speech Recognition Market Size, 2017-2028
  6.5.5 Southeast Asia AI Speech Recognition Market Size, 2017-2028
  6.5.6 India AI Speech Recognition Market Size, 2017-2028
6.6 South America
  6.6.1 By Country - South America AI Speech Recognition Revenue, 2017-2028
  6.6.2 Brazil AI Speech Recognition Market Size, 2017-2028
  6.6.3 Argentina AI Speech Recognition Market Size, 2017-2028
6.7 Middle East & Africa
  6.7.1 By Country - Middle East & Africa AI Speech Recognition Revenue, 2017-2028
  6.7.2 Turkey AI Speech Recognition Market Size, 2017-2028
  6.7.3 Israel AI Speech Recognition Market Size, 2017-2028
  6.7.4 Saudi Arabia AI Speech Recognition Market Size, 2017-2028
  6.7.5 UAE AI Speech Recognition Market Size, 2017-2028

7 PLAYERS PROFILES

7.1 Amazon. Com, Inc.
  7.1.1 Amazon. Com, Inc. Corporate Summary
  7.1.2 Amazon. Com, Inc. Business Overview
  7.1.3 Amazon. Com, Inc. AI Speech Recognition Major Product Offerings
  7.1.4 Amazon. Com, Inc. AI Speech Recognition Revenue in Global Market (2017-2022)
  7.1.5 Amazon. Com, Inc. Key News
7.2 Baidu, Inc.
  7.2.1 Baidu, Inc. Corporate Summary
  7.2.2 Baidu, Inc. Business Overview
  7.2.3 Baidu, Inc. AI Speech Recognition Major Product Offerings
  7.2.4 Baidu, Inc. AI Speech Recognition Revenue in Global Market (2017-2022)
  7.2.5 Baidu, Inc. Key News
7.3 Google Inc. (Alphabet Inc.)
  7.3.1 Google Inc. (Alphabet Inc.) Corporate Summary
  7.3.2 Google Inc. (Alphabet Inc.) Business Overview
  7.3.3 Google Inc. (Alphabet Inc.) AI Speech Recognition Major Product Offerings
  7.3.4 Google Inc. (Alphabet Inc.) AI Speech Recognition Revenue in Global Market (2017-2022)
  7.3.5 Google Inc. (Alphabet Inc.) Key News
7.4 IBM Corporation.
  7.4.1 IBM Corporation. Corporate Summary
  7.4.2 IBM Corporation. Business Overview
  7.4.3 IBM Corporation. AI Speech Recognition Major Product Offerings
  7.4.4 IBM Corporation. AI Speech Recognition Revenue in Global Market (2017-2022)
  7.4.5 IBM Corporation. Key News
7.5 IFLYTEK Inc.
  7.5.1 IFLYTEK Inc. Corporate Summary
  7.5.2 IFLYTEK Inc. Business Overview
  7.5.3 IFLYTEK Inc. AI Speech Recognition Major Product Offerings
  7.5.4 IFLYTEK Inc. AI Speech Recognition Revenue in Global Market (2017-2022)
  7.5.5 IFLYTEK Inc. Key News
7.6 Microsoft Corporation
  7.6.1 Microsoft Corporation Corporate Summary
  7.6.2 Microsoft Corporation Business Overview
  7.6.3 Microsoft Corporation AI Speech Recognition Major Product Offerings
  7.6.4 Microsoft Corporation AI Speech Recognition Revenue in Global Market (2017-2022)
  7.6.5 Microsoft Corporation Key News
7.7 Nuance Communications, Inc.
  7.7.1 Nuance Communications, Inc. Corporate Summary
  7.7.2 Nuance Communications, Inc. Business Overview
  7.7.3 Nuance Communications, Inc. AI Speech Recognition Major Product Offerings
  7.7.4 Nuance Communications, Inc. AI Speech Recognition Revenue in Global Market (2017-2022)
  7.7.5 Nuance Communications, Inc. Key News
7.8 Raytheon Company
  7.8.1 Raytheon Company Corporate Summary
  7.8.2 Raytheon Company Business Overview
  7.8.3 Raytheon Company AI Speech Recognition Major Product Offerings
  7.8.4 Raytheon Company AI Speech Recognition Revenue in Global Market (2017-2022)
  7.8.5 Raytheon Company Key News
7.9 Sensory Inc.
  7.9.1 Sensory Inc. Corporate Summary
  7.9.2 Sensory Inc. Business Overview
  7.9.3 Sensory Inc. AI Speech Recognition Major Product Offerings
  7.9.4 Sensory Inc. AI Speech Recognition Revenue in Global Market (2017-2022)
  7.9.5 Sensory Inc. Key News
7.10 speak2web
  7.10.1 speak2web Corporate Summary
  7.10.2 speak2web Business Overview
  7.10.3 speak2web AI Speech Recognition Major Product Offerings
  7.10.4 speak2web AI Speech Recognition Revenue in Global Market (2017-2022)
  7.10.5 speak2web Key News

8 CONCLUSION

9 APPENDIX

9.1 Note
9.2 Examples of Clients
9.3 Disclaimer

List Of Tables

LIST OF TABLES

Table 1. AI Speech Recognition Market Opportunities & Trends in Global Market
Table 2. AI Speech Recognition Market Drivers in Global Market
Table 3. AI Speech Recognition Market Restraints in Global Market
Table 4. Key Players of AI Speech Recognition in Global Market
Table 5. Top AI Speech Recognition Players in Global Market, Ranking by Revenue (2021)
Table 6. Global AI Speech Recognition Revenue by Companies, (US$, Mn), 2017-2022
Table 7. Global AI Speech Recognition Revenue Share by Companies, 2017-2022
Table 8. Global Companies AI Speech Recognition Product Type
Table 9. List of Global Tier 1 AI Speech Recognition Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 10. List of Global Tier 2 and Tier 3 AI Speech Recognition Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 11. By Type – Global AI Speech Recognition Revenue, (US$, Mn), 2021 & 2028
Table 12. By Type - AI Speech Recognition Revenue in Global (US$, Mn), 2017-2022
Table 13. By Type - AI Speech Recognition Revenue in Global (US$, Mn), 2023-2028
Table 14. By Application – Global AI Speech Recognition Revenue, (US$, Mn), 2021 & 2028
Table 15. By Application - AI Speech Recognition Revenue in Global (US$, Mn), 2017-2022
Table 16. By Application - AI Speech Recognition Revenue in Global (US$, Mn), 2023-2028
Table 17. By Region – Global AI Speech Recognition Revenue, (US$, Mn), 2021 & 2028
Table 18. By Region - Global AI Speech Recognition Revenue (US$, Mn), 2017-2022
Table 19. By Region - Global AI Speech Recognition Revenue (US$, Mn), 2023-2028
Table 20. By Country - North America AI Speech Recognition Revenue, (US$, Mn), 2017-2022
Table 21. By Country - North America AI Speech Recognition Revenue, (US$, Mn), 2023-2028
Table 22. By Country - Europe AI Speech Recognition Revenue, (US$, Mn), 2017-2022
Table 23. By Country - Europe AI Speech Recognition Revenue, (US$, Mn), 2023-2028
Table 24. By Region - Asia AI Speech Recognition Revenue, (US$, Mn), 2017-2022
Table 25. By Region - Asia AI Speech Recognition Revenue, (US$, Mn), 2023-2028
Table 26. By Country - South America AI Speech Recognition Revenue, (US$, Mn), 2017-2022
Table 27. By Country - South America AI Speech Recognition Revenue, (US$, Mn), 2023-2028
Table 28. By Country - Middle East & Africa AI Speech Recognition Revenue, (US$, Mn), 2017-2022
Table 29. By Country - Middle East & Africa AI Speech Recognition Revenue, (US$, Mn), 2023-2028
Table 30. Amazon. Com, Inc. Corporate Summary
Table 31. Amazon. Com, Inc. AI Speech Recognition Product Offerings
Table 32. Amazon. Com, Inc. AI Speech Recognition Revenue (US$, Mn), (2017-2022)
Table 33. Baidu, Inc. Corporate Summary
Table 34. Baidu, Inc. AI Speech Recognition Product Offerings
Table 35. Baidu, Inc. AI Speech Recognition Revenue (US$, Mn), (2017-2022)
Table 36. Google Inc. (Alphabet Inc.) Corporate Summary
Table 37. Google Inc. (Alphabet Inc.) AI Speech Recognition Product Offerings
Table 38. Google Inc. (Alphabet Inc.) AI Speech Recognition Revenue (US$, Mn), (2017-2022)
Table 39. IBM Corporation. Corporate Summary
Table 40. IBM Corporation. AI Speech Recognition Product Offerings
Table 41. IBM Corporation. AI Speech Recognition Revenue (US$, Mn), (2017-2022)
Table 42. IFLYTEK Inc. Corporate Summary
Table 43. IFLYTEK Inc. AI Speech Recognition Product Offerings
Table 44. IFLYTEK Inc. AI Speech Recognition Revenue (US$, Mn), (2017-2022)
Table 45. Microsoft Corporation Corporate Summary
Table 46. Microsoft Corporation AI Speech Recognition Product Offerings
Table 47. Microsoft Corporation AI Speech Recognition Revenue (US$, Mn), (2017-2022)
Table 48. Nuance Communications, Inc. Corporate Summary
Table 49. Nuance Communications, Inc. AI Speech Recognition Product Offerings
Table 50. Nuance Communications, Inc. AI Speech Recognition Revenue (US$, Mn), (2017-2022)
Table 51. Raytheon Company Corporate Summary
Table 52. Raytheon Company AI Speech Recognition Product Offerings
Table 53. Raytheon Company AI Speech Recognition Revenue (US$, Mn), (2017-2022)
Table 54. Sensory Inc. Corporate Summary
Table 55. Sensory Inc. AI Speech Recognition Product Offerings
Table 56. Sensory Inc. AI Speech Recognition Revenue (US$, Mn), (2017-2022)
Table 57. speak2web Corporate Summary
Table 58. speak2web AI Speech Recognition Product Offerings
Table 59. speak2web AI Speech Recognition Revenue (US$, Mn), (2017-2022)

List Of Figures

LIST OF FIGURES

Figure 1. AI Speech Recognition Segment by Type in 2021
Figure 2. AI Speech Recognition Segment by Application in 2021
Figure 3. Global AI Speech Recognition Market Overview: 2021
Figure 4. Key Caveats
Figure 5. Global AI Speech Recognition Market Size: 2021 VS 2028 (US$, Mn)
Figure 6. Global AI Speech Recognition Revenue, 2017-2028 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by AI Speech Recognition Revenue in 2021
Figure 8. By Type - Global AI Speech Recognition Revenue Market Share, 2017-2028
Figure 9. By Application - Global AI Speech Recognition Revenue Market Share, 2017-2028
Figure 10. By Region - Global AI Speech Recognition Revenue Market Share, 2017-2028
Figure 11. By Country - North America AI Speech Recognition Revenue Market Share, 2017-2028
Figure 12. US AI Speech Recognition Revenue, (US$, Mn), 2017-2028
Figure 13. Canada AI Speech Recognition Revenue, (US$, Mn), 2017-2028
Figure 14. Mexico AI Speech Recognition Revenue, (US$, Mn), 2017-2028
Figure 15. By Country - Europe AI Speech Recognition Revenue Market Share, 2017-2028
Figure 16. Germany AI Speech Recognition Revenue, (US$, Mn), 2017-2028
Figure 17. France AI Speech Recognition Revenue, (US$, Mn), 2017-2028
Figure 18. U.K. AI Speech Recognition Revenue, (US$, Mn), 2017-2028
Figure 19. Italy AI Speech Recognition Revenue, (US$, Mn), 2017-2028
Figure 20. Russia AI Speech Recognition Revenue, (US$, Mn), 2017-2028
Figure 21. Nordic Countries AI Speech Recognition Revenue, (US$, Mn), 2017-2028
Figure 22. Benelux AI Speech Recognition Revenue, (US$, Mn), 2017-2028
Figure 23. By Region - Asia AI Speech Recognition Revenue Market Share, 2017-2028
Figure 24. China AI Speech Recognition Revenue, (US$, Mn), 2017-2028
Figure 25. Japan AI Speech Recognition Revenue, (US$, Mn), 2017-2028
Figure 26. South Korea AI Speech Recognition Revenue, (US$, Mn), 2017-2028
Figure 27. Southeast Asia AI Speech Recognition Revenue, (US$, Mn), 2017-2028
Figure 28. India AI Speech Recognition Revenue, (US$, Mn), 2017-2028
Figure 29. By Country - South America AI Speech Recognition Revenue Market Share, 2017-2028
Figure 30. Brazil AI Speech Recognition Revenue, (US$, Mn), 2017-2028
Figure 31. Argentina AI Speech Recognition Revenue, (US$, Mn), 2017-2028
Figure 32. By Country - Middle East & Africa AI Speech Recognition Revenue Market Share, 2017-2028
Figure 33. Turkey AI Speech Recognition Revenue, (US$, Mn), 2017-2028
Figure 34. Israel AI Speech Recognition Revenue, (US$, Mn), 2017-2028
Figure 35. Saudi Arabia AI Speech Recognition Revenue, (US$, Mn), 2017-2028
Figure 36. UAE AI Speech Recognition Revenue, (US$, Mn), 2017-2028
Figure 37. Amazon. Com, Inc. AI Speech Recognition Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 38. Baidu, Inc. AI Speech Recognition Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 39. Google Inc. (Alphabet Inc.) AI Speech Recognition Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 40. IBM Corporation. AI Speech Recognition Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 41. IFLYTEK Inc. AI Speech Recognition Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 42. Microsoft Corporation AI Speech Recognition Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 43. Nuance Communications, Inc. AI Speech Recognition Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 44. Raytheon Company AI Speech Recognition Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 45. Sensory Inc. AI Speech Recognition Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 46. speak2web AI Speech Recognition Revenue Year Over Year Growth (US$, Mn) & (2017-2022)