Global Mobile Speech Recognition Software Market to Reach $940.8 Million by 2030

Global Industry Analysts projects the global mobile speech recognition software market to reach $940.8 million by 2030, growing at a compound annual rate of 14 percent. The analyst firm valued the market in 2022 at $328.8 million.

The U.S. market alone was estimated at $89.6 million in 2022, with huge growth expected in China, Japan, Canada, and Germany.

The research report identified Advanced Voice Recognition Systems, Amazon, Apple, Baidu, Google, Cisco, AT&T, IBM, LumenVox, Microsoft, Nuance Communications, and Sensory as leader players in the market.