ASR Market to Hit $18.9 Billion by 2027

360 Research Reports valued the global automatic speech recognition (ASR) software market at $13.4 billion in 2021 and expects it to expand at a compound annual growth rate of 5.9 percent through 2027, when it is projected to reach $18.9 billion.

The report identifies Protokol, Smart Action, Brainasoft, Nuance Communications, Castel Communications, Voicepoint, Openstream, VoltDelta, Total Voice Technologies, NeoSpeech, LilySpeech, Crescendo Systems, Go Transcribe, Entrada, and Lyrix as the primary vendors of ASR technology.