Speech-to-Text API Market – A Market Place Research

Speech-to-Text API Market Size is Forecast to Exceed USD 12.1 Billion by 2031

The speech-to-text API market was valued at $2.4 billion in 2021, and is estimated to reach $12.1 billion by 2031, growing at a CAGR of 17.8% from 2022 to 2031. Speech-to-text APIs enable users to convert speech or audio content into textual formats. Such solutions are helpful in transcribing audio or video content into searchable …

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Speech-to-Text API Market: Ready to experience exponential growth along with key players by 2029

Increase in adoption of smart speakers and phones among individuals across the globe is a major factor that drives the market growth. This is attributed to speech-to-text API feature that recognizes a human voice and follows command without the need for human interference. Moreover, rise in inclination toward voice-based technology products and solutions among industries …

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