Global Speech-to-text Api Market Size & Outlook, 2025-2030
Global speech-to-text api market, 2018-2030 (US$M)
Related Markets
Global speech-to-text api market highlights
- The global speech-to-text api market generated a revenue of USD 3,813.5 million in 2024 and is expected to reach USD 8,569.5 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 14.1% by 2030.
- In terms of segment, software accounted for a revenue of USD 3,090.7 million in 2024.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2024.
- Country-wise, China is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 3,813.5 million |
| Market revenue in 2030 | USD 8,569.5 million |
| Growth rate | 14.1% (CAGR from 2025 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Services |
Other key industry trends
- In terms of revenue, the North America accounted for 33.1% of the global speech-to-text api market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, China is the fastest growing regional market and is projected to reach USD 678.7 million by 2030.
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Speech-to-text API Market Scope
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 |
Global 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 81.05% in 2024. Horizon Databook has segmented the Global speech-to-text api market based on software, services covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Speech-to-text API Component Outlook (Revenue, USD Million, 2018-2030)
- Software
- Services
- Global Speech-to-text API Deployment Outlook (Revenue, USD Million, 2018-2030)
- On-premises
- Cloud
- Global Speech-to-text API Organization Size Outlook (Revenue, USD Million, 2018-2030)
- SMEs
- Large enterprises
- Global Speech-to-text API Application Outlook (Revenue, USD Million, 2018-2030)
- 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)
- Global Speech-to-text API Vertical Outlook (Revenue, USD Million, 2018-2030)
- BFSI
- IT & Telecom
- Healthcare
- Retail & ecommerce
- Government & defense
- Media & Entertainment
- Travel & Hospitality
- Others
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Target buyers of Global speech-to-text api market databook
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Our clientele includes a mix of speech-to-text api market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global speech-to-text api market , including forecasts for subscribers. This global databook contains high-level insights into Global speech-to-text api market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global speech-to-text api market size, by regions, 2018-2030 (US$M)
Top 10 countries: Speech-to-text api market size, 2024 (US$M)
Global speech-to-text api market share, by component, 2024 & 2030 (%, US$M)
Speech-to-text api market: Opportunity assessment by country
Global speech-to-text api market, by region, 2024 (US$M)
Related statistics
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