NEW YORK -
Sept. 26, 2025 -
PRLog -- According to the latest market research study published by P&S Intelligence, the U.S. speech recognition software market, valued at
USD 3.9 billion in 2024, is on track for rapid expansion, projected to grow at a
CAGR of 12.8% from 2025 to 2032, reaching an estimated
USD 10.1 billion by 2032, according to a new industry report.
Key Drivers of Growth - Smart Devices on the Rise – More than 120 million smart speakers were purchased by U.S. households in 2024, demonstrating the rising demand for voice-enabled technologies.
- Healthcare Leads the Way – With over 72,000 healthcare providers deploying voice-enabled EHR systems, the sector remains the largest adopter, using speech recognition to improve clinical documentation, patient care, and administrative efficiency.
- Automotive Innovation – Over 38 million U.S. vehicles are now equipped with in-car voice recognition, enabling safe, hands-free access to navigation, entertainment, and communication.
- Hybrid Cloud-Edge Deployments – Enterprises increasingly leverage scalable cloud platforms alongside secure edge systems, enhancing both performance and compliance with privacy standards.
Browse detailed report analysis on "U.S. Speech Recognition Software Industry Growth and Forecast Report, 2034 (https://www.psmarketresearch.com/market-analysis/us-speec...)"
Market Segmentation Highlights - Deployment Mode: On-premises held a 60% share in 2024, but cloud-based solutions are the faster-growing category.
- Function: Voice-driven navigation dominates with 75% share, while voice biometrics show the fastest growth.
- Technology: NLP leads with 70% share, though AI & ML are driving the strongest momentum.
- End User: Healthcare remains the largest segment (40% share), while IT & Telecommunications is expected to grow the fastest.
- Regional Insights: The West region leads adoption due to Silicon Valley's tech ecosystem, while the South is the fastest-growing region.
Recent Developments - July 2025 – Amplify launched a customized ASR system for speech education, enhancing pronunciation and voice-enabled learning.
- March 2025 – Northeastern University introduced an AI-driven app for individuals with speech impairments.
- August 2024 – SoundHound AI acquired Amelia, strengthening its conversational AI portfolio.
- June 2024 – SoundHound AI purchased key assets from Allset to expand AI-driven customer experiences.
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