Speech-to-text API Market- Global Forecast to 2030
The Speech-to-Text API Market is set to reach $10 billion by 2030, growing at a 17.3% CAGR from 2023 to 2030. Key growth drivers include the rise of voice-enabled devices, increasing use for transcription, and advancements in technology. Challenges such as accuracy issues with regional accents and dialects may hinder growth. However, opportunities exist in developing solutions for people with disabilities and rare languages.