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South Korea AI Speech to Text Market
ID: MRFR/ICT/57155-HCR
200 Pages
June 2025
South Korea AI Speech to Text Tool Market Size, Share and Trends Analysis Report By Tool Type (Automatic Speech Recognition (ASR) Systems, Real-Time Transcription System, Captioning System, Transcription APIs, Voice Recognition System, Command Recognition Systems, Speech Analytics Tools, AI-Enhanced Transcription System, Synchronized Transcripts System, Others), By Content Type (Podcasts, Films, Meetings, Online Courses, Others) and By Industry (Healthcare, Legal, Financial, Education, BFSI, IT & Telecom, Others)-Forecast to 2035
Industry Developments
Recent developments in the South Korea AI Speech to Text Tool Market highlight significant advancements and corporate activities. SK Telecom and Kakao have recently intensified their AI initiatives, enhancing their speech recognition technologies to improve accessibility and user experience. In July 2023, Vitzro Group launched a new AI-powered speech recognition system aimed at increasing efficiency in customer service operations.
Furthermore, Samsung Electronics continues to invest in Research and Development to refine its speech recognition algorithms as competition in this space intensifies. Current affairs also point to a growing collaboration between various firms, including Naver and Hancom, for developing integrated AI solutions that leverage speech-to-text functionalities.
Mergers and acquisitions have been relatively scarce; however, there have been reports of strategic partnerships, notably between SoundHound and LG Electronics, aimed at bolstering speech recognition capabilities within smart devices.
The market valuation has experienced a surge, with the overall AI tools market expected to grow significantly, propelled by these innovative solutions. Over the past two years, particularly from August 2021 onward, industry players have increased their investments and collaborations, reflecting an accelerated pace of technological evolution in the South Korean AI Speech to Text Tool Market.
Report Scope
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2023 | 85.99(USD Million) |
| MARKET SIZE 2024 | 134.0(USD Million) |
| MARKET SIZE 2035 | 1046.0(USD Million) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 20.54% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Million |
| KEY COMPANIES PROFILED | SK Telecom, Vitzro Group, SoundHound, Kakao, Voca, Naver, Hancom, Miso, LG Electronics, Daum Communications, KT Corporation, Samsung Electronics, CLOVA, Mediacube, AhnLab |
| SEGMENTS COVERED | Tool Type, Content Type, Industry |
| KEY MARKET OPPORTUNITIES | Growing demand for transcription services, Expansion in healthcare sector applications, Increased adoption in education, Multi-language support requirement, Rise in remote work environments |
| KEY MARKET DYNAMICS | growing demand for transcription services, advancement in natural language processing, increasing adoption in businesses, rising use in media production, government support for AI innovation |
| COUNTRIES COVERED | South Korea |
FAQs
What is the expected market size of the South Korea AI Speech to Text Tool Market in 2024?
The market is expected to be valued at 134.0 USD Million in 2024.
What is the projected market size for the South Korea AI Speech to Text Tool Market by 2035?
The market is projected to reach a value of 1046.0 USD Million by 2035.
What is the expected CAGR for the South Korea AI Speech to Text Tool Market from 2025 to 2035?
The expected CAGR for the market during this period is 20.54%.
What are some key players in the South Korea AI Speech to Text Tool Market?
Major players in the market include SK Telecom, Vitzro Group, SoundHound, and Kakao, among others.
Which tool type in the market is forecasted to have the highest value by 2035?
The Automatic Speech Recognition (ASR) Systems are forecasted to reach 303.0 USD Million by 2035.
What is the expected market size for Real-Time Transcription Systems in 2024?
The Real-Time Transcription System is expected to be valued at 30.0 USD Million in 2024.
How will the Voice Recognition System segment perform by 2035?
The Voice Recognition System segment is expected to grow to 118.0 USD Million by 2035.
What is the expected market size for Captioning Systems in 2024?
The Captioning System is expected to be valued at 25.0 USD Million in 2024.
What growth opportunities exist in the South Korea AI Speech to Text Tool Market?
The rapid advancement in AI technology presents significant growth opportunities in this market.
What challenges may affect the growth of the South Korea AI Speech to Text Tool Market?
Potential challenges include regulatory hurdles and competition from emerging technologies.
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