Speech-to-Text API Market to Reach $4.1 Billion by 2024

Posted on November 6, 2019

According to a new report published by MarketsandMarkets, the global Speech-to-Text Application Program Interface (API) market is set to grow from $1.6 billion in 2019 to $4.1 billion by 2024, with a Compound Annual Growth Rate (CAGR) of 20.6% during the forecasted period. Some major factors fueling this growth have been the growing use of…

Google Unveils Smaller and Faster Speech Recognition Technology

Posted on March 18, 2019

Google has made some significant improvements to the speech recognizer on its mobile phones. The new software outputs every single character in real time and is entirely contained on the mobile device, which means that the dictation system will work offline with zero latency. Johan Schalkwyk, a Google Fellow with the company’s Speech Team, explained…