Speech and Voice Recognition Market Surge: From USD 18.89 billion in 2024 to USD 83.55 billion by 2032 at a CAGR of 20.34 %

The global speech and voice recognition market is experiencing remarkable growth, driven by rapid technological advances, expanding deployment across verticals, and the emerging imperative for intuitive, voice-driven interfaces in both consumer and enterprise environments. According to recent research by Kings Research, the market size of USD 18.89 billion in 2024 is projected to increase to USD 22.65 billion in 2025, and further to an anticipated USD 83.55 billion by 2032 — reflecting a compound annual growth rate (CAGR) of 20.34 % between 2025 and 2032.