Israel Voice And Speech Recognition Market Size & Outlook
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Israel voice and speech recognition market highlights
- The Israel voice and speech recognition market generated a revenue of USD 543.0 million in 2023 and is expected to reach USD 1,416.8 million by 2030.
- The Israel market is expected to grow at a CAGR of 14.7% 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 543.0 million |
| Market revenue in 2030 | USD 1,416.8 million |
| Growth rate | 14.7% (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, Israel accounted for 2.7% 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 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.
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Voice And Speech Recognition Market Scope
Voice And Speech Recognition Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Medlst MBS Ttl Rtn A | View profile | - | - | - |
| BrightView Holdings Inc | View profile | 21000 | 980 Jolly Road, Blue Bell, PA, United States, 19422 | https://www.brightview.com |
| Advanced Voice Recognition Systems Inc | View profile | 3 | 7659 E. Wood Drive, Scottsdale, AZ, United States, 85260 | https://www.avrsys.com |
| Baidu Inc ADR | View profile | 45500 | No. 10 Shangdi 10th Street, Baidu Campus, Haidian District, Beijing, China, People's Republic of, 100085 | https://ir.baidu.com |
| Nuance Communications | View profile | 5001-10000 | Burlington, Massachusetts, United States, North America | http://www.nuance.com |
| Meta Platforms Inc Class A | View profile | 69329 | 1 Meta Way, Menlo Park, CA, United States, 94025 | https://about.meta.com |
| RTX Corp | View profile | 185000 | 1000 Wilson Boulevard, Arlington, VA, United States, 22209 | https://www.rtx.com |
| APi Group Corp | View profile | 29000 | c/o APi Group, Inc, 1100 Old Highway 8 NW, New Brighton, MN, United States, 55112 | https://www.apigroupinc.com |
| 3M Co | View profile | 85000 | 3M Center, St. Paul, MN, United States, 55144 | https://www.3m.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 |
| Apple Inc | View profile | 161000 | One Apple Park Way, Cupertino, CA, United States, 95014 | https://www.apple.com |
| Amazon.com Inc | View profile | 1525000 | 410 Terry Avenue North, Seattle, WA, United States, 98109-5210 | https://www.amazon.com |
Israel 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 68.93% in 2023. Horizon Databook has segmented the Israel voice and speech recognition market based on voice recognition, speech recognition covering the revenue growth of each sub-segment from 2018 to 2030.
- Israel 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
- Israel Voice And Speech Recognition Technology Outlook (Revenue, USD Million, 2018-2030)
- Artificial Intelligence
- Non-Artificial Intelligence
- Israel 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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Target buyers of Israel voice and speech recognition market databook
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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 Israel voice and speech recognition market , including forecasts for subscribers. This country databook contains high-level insights into Israel voice and speech recognition market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Israel voice and speech recognition market size, by function, 2018-2030 (US$M)
Israel Voice And Speech Recognition Market Outlook Share, 2023 & 2030 (US$M)
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