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Voice recognition market growing at 22.38% CAGR to 2031
Monday, January 26, 2026 — 16:51:51 (UTC)
Voice Recognition Market Growing at 22.38% CAGR to 2031 Driven by AI and Conversational Technologies says a 2026 Mordor Intelligence Report
The voice recognition market is forecast to reach $61.71 billion by 2031, supported by strong adoption of edge AI chipsets, cloud-based platforms, and rising enterprise use of voice biometrics.
January 26, 2026 11:12 ET | Source: Mordor Intelligence
Hyderabad, India, Jan. 26, 2026 (GLOBE NEWSWIRE) -- Mordor Intelligence, a leading market research and advisory firm, has published a new report on the voice recognition market, highlighting strong growth momentum fueled by artificial intelligence advancements, expanding smart device ecosystems, and rising enterprise adoption of voice-enabled solutions.
According to the report, the voice recognition market size was valued at USD 18.39 billion in 2025 and is estimated to grow from USD 22.49 billion in 2026 to USD 61.71 billion by 2031, registering a robust CAGR of 22.38% during the forecast period (2026–2031). This expansion reflects increasing demand for speech-driven human–machine interaction across consumer electronics, automotive, healthcare, BFSI, and enterprise applications.
The voice recognition market growth is further supported by improvements in natural language processing (NLP), deep learning algorithms, and cloud-based deployment models. As organizations prioritize automation, accessibility, and hands-free interfaces, voice recognition technologies are becoming integral to digital transformation strategies across industries.
Voice Recognition Market Developments Shaping Industry Growth
Regulatory-Driven Modernization of Emergency Communication Systems
Regulatory changes in North America are accelerating upgrades to emergency communication systems, pushing service providers toward more advanced, IP-based call handling. As carriers modernize 911 infrastructure, voice recognition is increasingly being used to improve call accuracy, enable real-time transcription, and support text and video interactions during emergencies. These requirements are creating steady demand for voice-enabled solutions in public safety, with similar frameworks expected to shape emergency response networks in other regions as well.
Rise of Localized Voice AI in Edge Hardware
Across Asia, voice-enabled edge devices are gaining momentum as chipmakers focus on on-device speech processing tailored to local languages. Running voice AI directly on hardware reduces response time, limits reliance on cloud connectivity, and addresses data privacy concerns. This shift is also strengthening regional semiconductor ecosystems, enabling manufacturers to deliver integrated voice solutions that better reflect multilingual and mixed-language usage common across Asian markets.
Voice Recognition Market Segmentation Analysis
By Deployment
Cloud On-premise
By Component
Software / SDK Hardware ASIC DSP Microphone Arrays Services Managed Services Professional Services
By Technology
Speech Recognition Speaker / Voice Biometrics Embedded / Edge Voice AI
By Device Type
Smartphones and Tablets Smart Speakers and Displays Automotive Infotainment and Telematics Wearables True Wireless Stereo (TWS) Smartwatches AR/VR Devices Commercial Kiosks and POS
By Application
Authentication and Security Voice Search and Command Transcription and Captioning Virtual Assistants and Chatbots Medical Documentation
By End-user Vertical
Automotive Banking and Financial Services Telecommunications Healthcare Providers Government and Defence Consumer Electronics Retail and E-commerce Industrial and Manufacturing
By Geography
North America United States Canada Mexico South America Brazil Argentina Rest of South America Europe United Kingdom Germany France Italy Spain Rest of Europe Asia Pacific China Japan India South Korea ASEAN Australia New Zealand Rest of Asia Pacific Middle East and Africa Middle East GCC Turkey Israel Rest of the Middle East Africa South Africa Nigeria Egypt Rest of Africa
For a full breakdown of market size, segmentation data, and competitive intelligence, access all details of the Mordor Intelligence report: www.mordorintelligence.com/industry-reports/voice-recognition-market?utm_source=globenewswire
Regional Growth Overview of the Voice Recognition Market
Asia continues to stand out in the global voice recognition landscape, supported by strong semiconductor manufacturing capabilities and a wide range of local languages that encourage customized AI development. Government-backed initiatives and cost-efficient devices are helping the region scale adoption faster than others.
Meanwhile, North America remains an important innovation hub, with early adoption across enterprise and consumer applications, though its growth is increasingly shaped by specialization rather than volume expansion.
Voice Recognition Industry Company Profiles
The voice recognition market is moderately competitive, with global technology providers focusing on AI accuracy, language expansion, and industry-specific solutions. Key companies covered by Mordor Intelligence include:
Apple Inc. Alphabet Inc. (Google LLC) Amazon.com Inc. Nuance Communications Inc. (Microsoft) IBM Corporation Baidu Inc. Samsung Electronics Co. Ltd. SoundHound AI Inc. iFLYTEK Co. Ltd. Cerence Inc. And Others
These players compete through continuous innovation, cloud platform integration, and strategic partnerships to strengthen their voice recognition market share.
Check out related reports published by Mordor Intelligence:
Next Generation Biometric Market - The next generation biometric market report is segmented by biometric modality (face recognition, iris recognition, and more), component (hardware, software, services), function (access control, forensics, and more), end-user industry (government, healthcare, consumer electronics and home security, retail and e-commerce, education, and more), and geography.
Mobile Biometric Market - The mobile biometric market report is segmented by component (hardware, software platforms, services), authentication mode (single-factor authentication, and more), technology/modality (fingerprint recognition, facial recognition, and more), device type (smartphones, tablets, and more), industry vertical (BFSI, government and public sector, and more), and by geography.
Facial Recognition Market - The facial recognition market report is segmented by component (hardware, software, services), technology (2-D, 3-D, thermal, facial analytics, hybrid), deployment (on-premise, cloud, edge), device (fixed cameras, mobile, smartphones, kiosks), application (security, identity verification, payments), end-user (government, BFSI, retail, healthcare and more), and by geography.
About Mordor Intelligence
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Source: Company press release. 
Categories: Reports and research
