Voice Recognition Software Market to Top $50 Billion by 2030

360iResearch valued the global voice recognition software market at $11.99 billion in 2022 and expects it to reach $14.28 billion this year and $50.16 billion by 2030, growing at a compound annual rate of 19.58 percent.

The research firm identified 3M, Alphabet (Google), Amazon Web Services, Apple, Baidu, Carnyx Group, IBM, LumenVox, M2SYS Technology, Microsoft, Raytheon, Sensory, Tobii Dynavox, Twilio, and Voice Tech Group, as the leading vendors in the market.