According to Research and Markets reports, Artificial Intelligence for speech recognition market in India is anticipated to expand at a compound annual growth rate (CAGR) of ~65.17% during the forecast period (2019-2024) and is expected to reach a value of INR 14.61 Bn by 2024.

The increasing demand for smart speakers and voice-enabled devices, coupled with rising penetration of speech recognition technology in customer care services are driving this growth, further stimulating development and innovation in the space.

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