Japan: speech recognition market size 2025

In the fiscal year 2020, the sales value of the speech recognition market in Japan was estimated at approximately 11.4 billion Japanese yen. It was projected that the market size would more than double in the coming years, reaching a value of approximately 24.4 billion yen by fiscal year 2025.
The projection was based on the assumption that the relevancy of automatic speech recognition will increase even further due to a number of factors, such as labor shortages, efficiency over human operators thanks to the constantly improving technology, and the growing demand for non-contact customer handling solutions after the COVID-19 pandemic.

Sales values of the speech recognition market in Japan in fiscal year 2020 with a forecast until 2025 (in billion Japanese yen)

Characteristic	Sales value in billion Japanese yen
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Release date

January 2022

More information

Region

Japan

Survey time period

fiscal year 2020; the Japanese fiscal year starts on April 1 of the stated year and ends on March 31 of the following year

Special properties

values based on sales at businesses

Supplementary notes

*Forecast.

The research object were domestic Japanese companies developing/providing speech recognition technology and/or business solutions using speech recognition technology.
The speech recognition market refers to software and services related to speech recognition engines/speech recognition, and hardware using speech recognition technology (including microphones, speakers, head-mounted displays [HMD] and smartglasses sold by domestic speech recognition vendors).

100 Japanese yen equal 0.74 U.S. dollars or 0.70 euros as of December 2022.
Values have been rounded.

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