![]() ![]() The growing shift to voice-enabled applications is influencing augmented reality (AR), natural language processing (NLP), and machine learning (ML) to automate the conversation. Regional Overview, 2021-2027 (USD Million) Key Segment Of The Speech-to-text API Marketīy Deployment Mode,2021–2027(USD Million)īy Industry Vertical,2021–2027(USD Million) Google, Microsoft, IBM, Nuance Communications, Verint, Speechmatics, Vocapia Research, Twilio, Baidu, Facebook, iFLYTEK, Govivace, Deepgram, Nexmo, VoiceBase, Voci, GL Communications, Contus North America, Europe, Asia Pacific, South America, Middle East and Africa The developments are shown not only by the rising of theoretical papers published in the field but more prominently by the worldwide industry acceptance of a variety of deep learning methods in designing and deploying speech recognition systems.īy Component, By Deployment Mode, Regions Recently, the field has furthered from improvements in deep learning and big data. It is a field of computational linguistics that progresses methodologies and technologies that allow the recognition and translation of spoken language with the help of computers. ![]() Speech-to-text API is also known as computer speech recognition, automatic speech recognition (ASR), or speech t- text (STT). In turn, these factors will boost the global speech-to-text API market growth in the given timeframe. Hence, voice-enables applications are expected to shift the user’s involvement with technology. They are also being incorporated by the prominent manufactures in various other devices. ![]() Applications, such as Google Assistant, Cortana, Alexa, and Siri are existing in nearly every smartphone. In recent years, the emergence of voice assistants has given rise to their growing usage among the worldwide population. The speech-to-text API market growth is attributed to the increasing acceptance of smart speakers and smartphones and strict regulatory and compliance. The market size for global speech-to-text API is projected to reach USD 8,698.56 Million by 2028. The value of the Speech-to-text API market is projected to grow to US$ 6.44 Bn with an estimated CAGR of 19.2% by 2027 ![]()
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