Global Automatic Speech Recognition Technology Industry

2023-2029 Global Automatic Speech Recognition Technology Industry Research & Trends Analysis Report

Global Automatic Speech Recognition Technology Industry

2023-2029 Global Automatic Speech Recognition Technology Industry Research & Trends Analysis Report


The Automatic Speech Recognition Technology Market report highlights technological advancements, investment opportunities, and regulatory frameworks shaping the industry landscape through 2030.

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According to Latest Study , the global market for Automatic Speech Recognition Technology should grow from US$ 1680 million in 2023 to US$ 4275.7 million by 2030, with a CAGR of 13.2% for the period of 2024-2030.

China Automatic Speech Recognition Technology market should grow from US$ million in 2023 to US$ million by 2030, with a CAGR of % for the period of 2024-2030.

The United States Automatic Speech Recognition Technology market should grow from US$ million in 2023 to US$ million by 2030, with a CAGR of % for the period of 2024-2030.

In terms of type, Specific Person Speech Recognition System segment holds a share about % in 2023 and will reach % in 2030; while in terms of application, Electronic Games has a share approximately % in 2023 and will grow at a CAGR % during 2023 and 2030.

The global key manufacturers of Automatic Speech Recognition Technology include Sensory, Nuance Communications, Lumenvox, Raytheon Bbn Technologies, Microsoft Tellme, Dolby Fusion Speech, Voxeo, Voice Trust and Voice Biometrics Group, etc. In 2023, the global top five players hold a share approximately % in terms of revenue.

This report aims to provide a comprehensive study of the global market for Automatic Speech Recognition Technology. Report Highlights:

(1) Global Automatic Speech Recognition Technology market size (value), history data from 2019-2024 and forecast data from 2024 to 2030.

(2) Global Automatic Speech Recognition Technology market competitive situation, revenue and market share, from 2019 to 2024.

(3) China Automatic Speech Recognition Technology market competitive situation, revenue and market share, from 2019 to 2024.

(4) Global Automatic Speech Recognition Technology segment by region (or country), key regions cover the United States, Europe, Japan, South Korea, Southeast Asia and India, etc.

(5) Global Automatic Speech Recognition Technology segment by type and by application and regional segment by type and by application.

(6) Automatic Speech Recognition Technology industry supply chain, upstream, midstream and downstream analysis.

Market segment by regions, regional analysis covers

North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia, Italy and Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)

South America (Brazil, Rest of South America)

Middle East & Africa

Market segment by type, covers

Specific Person Speech Recognition System

Non-Personal Speech System

Market segment by application, can be divided into

Electronic Games

Household Appliances

Others

Market segment by players, this report covers

Sensory

Nuance Communications

Lumenvox

Raytheon Bbn Technologies

Microsoft Tellme

Dolby Fusion Speech

Voxeo

Voice Trust

Voice Biometrics Group

Validsoft

Mmodal

1 Market Overview

1.1 Product Overview and Scope of Automatic Speech Recognition Technology

1.2 Global Automatic Speech Recognition Technology Market Size and Forecast

1.3 China Automatic Speech Recognition Technology Market Size and Forecast

1.4 China Market Percentage in Global

1.4.1 By Revenue, China Automatic Speech Recognition Technology Share in Global Market, 2019-2030

1.4.2 Automatic Speech Recognition Technology Market Size: China VS Global, 2019-2030

1.5 Automatic Speech Recognition Technology Market Dynamics

1.5.1 Automatic Speech Recognition Technology Market Drivers

1.5.2 Automatic Speech Recognition Technology Market Restraints

1.5.3 Automatic Speech Recognition Technology Industry Trends

1.5.4 Automatic Speech Recognition Technology Industry Policy

2 Global Competitive Situation by Company

2.1 Global Automatic Speech Recognition Technology Revenue by Company (2019-2024)

2.2 Global Automatic Speech Recognition Technology Participants, Market Position (Tier 1, Tier 2 and Tier 3)

2.3 Global Automatic Speech Recognition Technology Concentration Ratio

2.4 Global Automatic Speech Recognition Technology Mergers & Acquisitions, Expansion Plans

2.5 Global Automatic Speech Recognition Technology Manufacturers Product Type

3 China Competitive Situation by Company

3.1 China Automatic Speech Recognition Technology Revenue by Company (2019-2024)

3.2 China Automatic Speech Recognition Technology Automatic Speech Recognition Technology Participants, Market Position (Tier 1, Tier 2 and Tier 3)

3.3 China Automatic Speech Recognition Technology, Revenue Percentage of Local Players VS Foreign Manufacturers (2019-2024)

4 Industry Chain Analysis

4.1 Automatic Speech Recognition Technology Industry Chain

4.2 Automatic Speech Recognition Technology Upstream Analysis

4.3 Automatic Speech Recognition Technology Midstream Analysis

4.4 Automatic Speech Recognition Technology Downstream Analysis

5 Sights by Type

5.1 Automatic Speech Recognition Technology Classification

5.1.1 Specific Person Speech Recognition System

5.1.2 Non-Personal Speech System

5.2 By Type, Global Automatic Speech Recognition Technology Market Size & CAGR, 2019 VS 2023 VS 2030

5.3 By Type, Global Automatic Speech Recognition Technology Revenue, 2019-2030

6 Sights by Application

6.1 Automatic Speech Recognition Technology Segment by Application

6.1.1 Electronic Games

6.1.2 Household Appliances

6.1.3 Others

6.2 By Application, Global Automatic Speech Recognition Technology Market Size & CAGR, 2019 VS 2023 VS 2030

6.3 By Application, Global Automatic Speech Recognition Technology Revenue, 2019-2030

7 Sales Sights by Region

7.1 By Region, Global Automatic Speech Recognition Technology Market Size, 2019 VS 2023 VS 2030

7.2 By Region, Global Automatic Speech Recognition Technology Market Size, 2019-2030

7.3 North America

7.3.1 North America Automatic Speech Recognition Technology Market Size & Forecasts, 2019-2030

7.3.2 By Country, North America Automatic Speech Recognition Technology Market Size Market Share

7.4 Europe

7.4.1 Europe Automatic Speech Recognition Technology Market Size & Forecasts, 2019-2030

7.4.2 By Country, Europe Automatic Speech Recognition Technology Market Size Market Share

7.5 Asia Pacific

7.5.1 Asia Pacific Automatic Speech Recognition Technology Market Size & Forecasts, 2019-2030

7.5.2 By Country/Region, Asia Pacific Automatic Speech Recognition Technology Market Size Market Share

7.6 South America

7.6.1 South America Automatic Speech Recognition Technology Market Size & Forecasts, 2019-2030

7.6.2 By Country, South America Automatic Speech Recognition Technology Market Size Market Share

7.7 Middle East & Africa

8 Sights by Country Level

8.1 By Country, Global Automatic Speech Recognition Technology Market Size & CAGR，2019 VS 2023 VS 2030

8.2 By Country, Global Automatic Speech Recognition Technology Market Size, 2019-2030

8.3 U.S.

8.3.1 U.S. Automatic Speech Recognition Technology Market Size, 2019-2030

8.3.2 By Company, U.S. Automatic Speech Recognition Technology Revenue Market Share, 2019-2024

8.3.3 By Type, U.S. Automatic Speech Recognition Technology Revenue Market Share, 2023 VS 2030

8.3.4 By Application, U.S. Automatic Speech Recognition Technology Revenue Market Share, 2023 VS 2030

8.4 Europe

8.4.1 Europe Automatic Speech Recognition Technology Market Size, 2019-2030

8.4.2 By Company, Europe Automatic Speech Recognition Technology Revenue Market Share, 2019-2024

8.4.3 By Type, Europe Automatic Speech Recognition Technology Revenue Market Share, 2023 VS 2030

8.4.4 By Application, Europe Automatic Speech Recognition Technology Revenue Market Share, 2023 VS 2030

8.5 China

8.5.1 China Automatic Speech Recognition Technology Market Size, 2019-2030

8.5.2 By Company, China Automatic Speech Recognition Technology Revenue Market Share, 2019-2024

8.5.3 By Type, China Automatic Speech Recognition Technology Revenue Market Share, 2023 VS 2030

8.5.4 By Application, China Automatic Speech Recognition Technology Revenue Market Share, 2023 VS 2030

8.6 Japan

8.6.1 Japan Automatic Speech Recognition Technology Market Size, 2019-2030

8.6.2 By Company, Japan Automatic Speech Recognition Technology Revenue Market Share, 2019-2024

8.6.3 By Type, Japan Automatic Speech Recognition Technology Revenue Market Share, 2023 VS 2030

8.6.4 By Application, Japan Automatic Speech Recognition Technology Revenue Market Share, 2023 VS 2030

8.7 South Korea

8.7.1 South Korea Automatic Speech Recognition Technology Market Size, 2019-2030

8.7.2 By Company, South Korea Automatic Speech Recognition Technology Revenue Market Share, 2019-2024

8.7.3 By Type, South Korea Automatic Speech Recognition Technology Revenue Market Share, 2023 VS 2030

8.7.4 By Application, South Korea Automatic Speech Recognition Technology Revenue Market Share, 2023 VS 2030

8.8 Southeast Asia

8.8.1 Southeast Asia Automatic Speech Recognition Technology Market Size, 2019-2030

8.8.2 By Company, Southeast Asia Automatic Speech Recognition Technology Revenue Market Share, 2019-2024

8.8.3 By Type, Southeast Asia Automatic Speech Recognition Technology Revenue Market Share, 2023 VS 2030

8.8.4 By Application, Southeast Asia Automatic Speech Recognition Technology Revenue Market Share, 2023 VS 2030

8.9 India

8.9.1 India Automatic Speech Recognition Technology Market Size, 2019-2030

8.9.2 By Company, India Automatic Speech Recognition Technology Revenue Market Share, 2019-2024

8.9.3 By Type, India Automatic Speech Recognition Technology Revenue Market Share, 2023 VS 2030

8.9.4 By Application, India Automatic Speech Recognition Technology Revenue Market Share, 2023 VS 2030

8.10 Middle East & Asia

8.10.1 Middle East & Asia Automatic Speech Recognition Technology Market Size, 2019-2030

8.10.2 By Company, Middle East & Asia Automatic Speech Recognition Technology Revenue Market Share, 2019-2024

8.10.3 By Type, Middle East & Asia Automatic Speech Recognition Technology Revenue Market Share, 2023 VS 2030

8.10.4 By Application, Middle East & Asia Automatic Speech Recognition Technology Revenue Market Share, 2023 VS 2030

9 Global Manufacturers Profile

9.1 Sensory

9.1.1 Sensory Company Information, Head Office, Market Area and Industry Position

9.1.2 Sensory Company Profile and Main Business

9.1.3 Sensory Automatic Speech Recognition Technology Models, Specifications and Application

9.1.4 Sensory Automatic Speech Recognition Technology Revenue and Gross Margin, 2019-2024

9.1.5 Sensory Recent Developments

9.2 Nuance Communications

9.2.1 Nuance Communications Company Information, Head Office, Market Area and Industry Position

9.2.2 Nuance Communications Company Profile and Main Business

9.2.3 Nuance Communications Automatic Speech Recognition Technology Models, Specifications and Application

9.2.4 Nuance Communications Automatic Speech Recognition Technology Revenue and Gross Margin, 2019-2024

9.2.5 Nuance Communications Recent Developments

9.3 Lumenvox

9.3.1 Lumenvox Company Information, Head Office, Market Area and Industry Position

9.3.2 Lumenvox Company Profile and Main Business

9.3.3 Lumenvox Automatic Speech Recognition Technology Models, Specifications and Application

9.3.4 Lumenvox Automatic Speech Recognition Technology Revenue and Gross Margin, 2019-2024

9.3.5 Lumenvox Recent Developments

9.4 Raytheon Bbn Technologies

9.4.1 Raytheon Bbn Technologies Company Information, Head Office, Market Area and Industry Position

9.4.2 Raytheon Bbn Technologies Company Profile and Main Business

9.4.3 Raytheon Bbn Technologies Automatic Speech Recognition Technology Models, Specifications and Application

9.4.4 Raytheon Bbn Technologies Automatic Speech Recognition Technology Revenue and Gross Margin, 2019-2024

9.4.5 Raytheon Bbn Technologies Recent Developments

9.5 Microsoft Tellme

9.5.1 Microsoft Tellme Company Information, Head Office, Market Area and Industry Position

9.5.2 Microsoft Tellme Company Profile and Main Business

9.5.3 Microsoft Tellme Automatic Speech Recognition Technology Models, Specifications and Application

9.5.4 Microsoft Tellme Automatic Speech Recognition Technology Revenue and Gross Margin, 2019-2024

9.5.5 Microsoft Tellme Recent Developments

9.6 Dolby Fusion Speech

9.6.1 Dolby Fusion Speech Company Information, Head Office, Market Area and Industry Position

9.6.2 Dolby Fusion Speech Company Profile and Main Business

9.6.3 Dolby Fusion Speech Automatic Speech Recognition Technology Models, Specifications and Application

9.6.4 Dolby Fusion Speech Automatic Speech Recognition Technology Revenue and Gross Margin, 2019-2024

9.6.5 Dolby Fusion Speech Recent Developments

9.7 Voxeo

9.7.1 Voxeo Company Information, Head Office, Market Area and Industry Position

9.7.2 Voxeo Company Profile and Main Business

9.7.3 Voxeo Automatic Speech Recognition Technology Models, Specifications and Application

9.7.4 Voxeo Automatic Speech Recognition Technology Revenue and Gross Margin, 2019-2024

9.7.5 Voxeo Recent Developments

9.8 Voice Trust

9.8.1 Voice Trust Company Information, Head Office, Market Area and Industry Position

9.8.2 Voice Trust Company Profile and Main Business

9.8.3 Voice Trust Automatic Speech Recognition Technology Models, Specifications and Application

9.8.4 Voice Trust Automatic Speech Recognition Technology Revenue and Gross Margin, 2019-2024

9.8.5 Voice Trust Recent Developments

9.9 Voice Biometrics Group

9.9.1 Voice Biometrics Group Company Information, Head Office, Market Area and Industry Position

9.9.2 Voice Biometrics Group Company Profile and Main Business

9.9.3 Voice Biometrics Group Automatic Speech Recognition Technology Models, Specifications and Application

9.9.4 Voice Biometrics Group Automatic Speech Recognition Technology Revenue and Gross Margin, 2019-2024

9.9.5 Voice Biometrics Group Recent Developments

9.10 Validsoft

9.10.1 Validsoft Company Information, Head Office, Market Area and Industry Position

9.10.2 Validsoft Company Profile and Main Business

9.10.3 Validsoft Automatic Speech Recognition Technology Models, Specifications and Application

9.10.4 Validsoft Automatic Speech Recognition Technology Revenue and Gross Margin, 2019-2024

9.10.5 Validsoft Recent Developments

9.11 Mmodal

9.11.1 Mmodal Company Information, Head Office, Market Area and Industry Position

9.11.2 Mmodal Company Profile and Main Business

9.11.3 Mmodal Automatic Speech Recognition Technology Models, Specifications and Application

9.11.4 Mmodal Automatic Speech Recognition Technology Revenue and Gross Margin, 2019-2024

9.11.5 Mmodal Recent Developments

10 Conclusion

11 Appendix

11.1 Research Methodology

11.2 Data Source

11.2.1 Secondary Sources

11.2.2 Primary Sources

11.3 Market Estimation Model

11.4 Disclaimer

Tables & Figures:
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Research Methodology:
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Automatic Speech Recognition Technology Market Size Estimation

To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.

Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.

Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.

We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.

Data Source

Secondary Sources

This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.

These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.

Market Size
  • Segmental value
  • Geographic Penetration
  • Product Adoption Rate for Different market
  • Journals, Websites, and Press Releases
  • Annual Reports and SEC Filings
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Market Intellix Data Repository
Market Position of Top Company
  • Product Financials
  • Geographic value Mix
  • Total Company value
  • Business/Segmental value Mix
Qualitative Analysis
  • Influence Factors
  • Market Potential
  • Market Risks and Opportunities
  • Industry Trends
  • Geographical Features
  • Government Policies
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Annual Reports
  • Industry Associations
  • Market Intellix Data Repository

Primary Sources

As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.

On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.

These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.

Key Data Information from Primary Sources

Primary Sources Parameters Key Data
Market Segments(by Application, by Type)
  • Value by Type
  • Status and Forecast
  • Value by Application
  • Value by Regions, Status and Forecast (2025-2031)
  • Value Market Share by Type
  • Value Growth Rate by Type
  • Value by Application
  • Percentage and Growth Rate by Application
  • Value Growth Rate and Market Share by Regions
  • Market Size Status and Forecast (2025-2031)
Total Market
  • Overall Size, Status and Forecast
  • Market Size Status and Forecast (2025-2031)
Frequently asked questions(FAQ's):
How are players chosen for the research coverage of the Automatic Speech Recognition Technology Market study?
MI used a variety of industry standards such as NAICS, ICB, TRIC, and others to identify functional players in the industry, which they then shortlist and validate in an iterative process to finalize the most relevant players.
What is the size of the Automatic Speech Recognition Technology Industry?
According to the report, the Automatic Speech Recognition Technology Industry will grow to USD XXX Million by 2030, with a YY% CAGR.
What does the future hold for the Automatic Speech Recognition Technology Market?
As the shift to value addition continues, companies in the Automatic Speech Recognition Technology Market face the dual challenge of improving interoperability to optimize performance and experience.
How is the competitive landscape for the Automatic Speech Recognition Technology Market defined?
Companies in the Automatic Speech Recognition Technology Industry are thoroughly researched and profiled in order to determine why certain trends will have a significant impact and how they will be factored into the Automatic Speech Recognition Technology Market's trajectory and future outlook.