Industry: Service & Software
Published Date: 2025-09-06
Pages: 112 Pages
Report ld: 4951457
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The global AI-Based Transcription and Captioning Services market size was US$ million in 2024 and is forecast to a readjusted size of US$ million by 2031 with a CAGR of %during the forecast period 2025-2031.
AI-Based Transcription and Captioning Services utilize artificial intelligence (AI) technologies, such as automatic speech recognition (ASR) and natural language processing (NLP), to transcribe audio and video content into text and generate captions or subtitles automatically. These services leverage machine learning algorithms to analyze spoken language, identify speech patterns, and convert audio signals into written text with high accuracy.
These services are widely used across industries for a variety of applications, including media production, education, business communication, accessibility compliance, legal documentation, and healthcare documentation. By automating the transcription and captioning process, AI-based services help organizations improve productivity, accessibility, and efficiency while reducing costs and manual effort associated with traditional transcription methods.
The North America AI-Based Transcription and Captioning Services market size was US$ million in 2024, while Europe was US$ million. The proportion of the North America was % in 2024, while Europe percentage was %, and it is predicted that Europe share will reach % in 2031, trailing a CAGR of % through the analysis period.
The global key players of AI-Based Transcription and Captioning Services include IBM, Verbit, OpenAI Whisper, AI-Media, Rev, Speechmatics, Apptek, NHK, ENCO Systems, Digital Nirvana, etc. In 2024, the global top five players occupied for a share approximately % in terms of revenue.
In North America, in terms of revenue, in 2024, the top three players hold a share about %, while in Europe, top three players hold a share nearly %.
The global AI-Based Transcription and Captioning Services market is strategically segmented by company, region (country), by Type, and by Application. This report empowers stakeholders to capitalize on emerging opportunities, optimize product strategies, and outperform competitors through data-driven insights on revenue and forecasts across regions, by Type, and by Application for 2020-2031.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Report scope, executive summary, and market evolution scenarios (short/mid/long term).
Chapter 2: Quantitative analysis of AI-Based Transcription and Captioning Services market size and growth potential at global, regional, and country levels.
Chapter 3: Competitive benchmarking of manufacturers (revenue, market share, M&A, R&D focus).
Chapter 4: Type-based segmentation analysis – Uncovering blue ocean markets (e.g., On-Premises in China).
Chapter 5: Application-based segmentation analysis – High-growth downstream opportunities (e.g., Online Education and Training in India).
Chapter 6: Regional revenue breakdown by company, type, application and customer.
Chapter 7: Key manufacturer profiles – Financials, product portfolios, and strategic developments.
Chapter 8: Market dynamics – Drivers, restraints, regulatory impacts, and risk mitigation strategies.
Chapter 9: Actionable conclusions and strategic recommendations.
WHY THIS REPORT
Beyond standard market data, this analysis provides a clear profitability roadmap, empowering you to:
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the AI-Based Transcription and Captioning Services value chain, addressing:
- Market entry risks/opportunities by region
- Product mix optimization based on local practices
- Competitor tactics in fragmented vs. consolidated markets
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Report Overview
1.1 Study Scope
1.2 Market by Type
1.2.1 Global Market Size Growth by Type: 2020 VS 2024 VS 2031
1.2.2 Cloud-Based
1.2.3 On-Premises
1.3 Market by Application
1.3.1 Global Market Share by Application: 2020 VS 2024 VS 2031
1.3.2 Media and Entertainment
1.3.3 Online Education and Training
1.3.4 Meetings and Conferences
1.3.5 Others
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global AI-Based Transcription and Captioning Services Market Perspective (2020-2031)
2.2 Global Market Size by Region: 2020 VS 2024 VS 2031
2.3 Global AI-Based Transcription and Captioning Services Revenue Market Share by Region (2020-2025)
2.4 Global AI-Based Transcription and Captioning Services Revenue Forecast by Region (2026-2031)
2.5 Major Region and Emerging Market Analysis
2.5.1 North America AI-Based Transcription and Captioning Services Market Size and Prospective (2020-2031)
2.5.2 Europe AI-Based Transcription and Captioning Services Market Size and Prospective (2020-2031)
2.5.3 Asia-Pacific AI-Based Transcription and Captioning Services Market Size and Prospective (2020-2031)
2.5.4 Latin America AI-Based Transcription and Captioning Services Market Size and Prospective (2020-2031)
2.5.5 Middle East & Africa AI-Based Transcription and Captioning Services Market Size and Prospective (2020-2031)
3 Breakdown Data by Type
3.1 Global AI-Based Transcription and Captioning Services Historic Market Size by Type (2020-2025)
3.2 Global AI-Based Transcription and Captioning Services Forecasted Market Size by Type (2026-2031)
3.3 Different Types AI-Based Transcription and Captioning Services Representative Players
4 Breakdown Data by Application
4.1 Global AI-Based Transcription and Captioning Services Historic Market Size by Application (2020-2025)
4.2 Global AI-Based Transcription and Captioning Services Forecasted Market Size by Application (2026-2031)
4.3 New Sources of Growth in AI-Based Transcription and Captioning Services Application
5 Competition Landscape by Players
5.1 Global Top Players by Revenue
5.1.1 Global Top AI-Based Transcription and Captioning Services Players by Revenue (2020-2025)
5.1.2 Global AI-Based Transcription and Captioning Services Revenue Market Share by Players (2020-2025)
5.2 Global Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
5.3 Players Covered: Ranking by AI-Based Transcription and Captioning Services Revenue
5.4 Global AI-Based Transcription and Captioning Services Market Concentration Analysis
5.4.1 Global AI-Based Transcription and Captioning Services Market Concentration Ratio (CR5 and HHI)
5.4.2 Global Top 10 and Top 5 Companies by AI-Based Transcription and Captioning Services Revenue in 2024
5.5 Global Key Players of AI-Based Transcription and Captioning Services Head office and Area Served
5.6 Global Key Players of AI-Based Transcription and Captioning Services, Product and Application
5.7 Global Key Players of AI-Based Transcription and Captioning Services, Date of Enter into This Industry
5.8 Mergers & Acquisitions, Expansion Plans
6 Region Analysis
6.1 North America Market: Players, Segments and Downstream
6.1.1 North America AI-Based Transcription and Captioning Services Revenue by Company (2020-2025)
6.1.2 North America Market Size by Type
6.1.2.1 North America AI-Based Transcription and Captioning Services Market Size by Type (2020-2025)
6.1.2.2 North America AI-Based Transcription and Captioning Services Market Share by Type (2020-2025)
6.1.3 North America Market Size by Application
6.1.3.1 North America AI-Based Transcription and Captioning Services Market Size by Application (2020-2025)
6.1.3.2 North America AI-Based Transcription and Captioning Services Market Share by Application (2020-2025)
6.1.4 North America Market Trend and Opportunities
6.2 Europe Market: Players, Segments and Downstream
6.2.1 Europe AI-Based Transcription and Captioning Services Revenue by Company (2020-2025)
6.2.2 Europe Market Size by Type
6.2.2.1 Europe AI-Based Transcription and Captioning Services Market Size by Type (2020-2025)
6.2.2.2 Europe AI-Based Transcription and Captioning Services Market Share by Type (2020-2025)
6.2.3 Europe Market Size by Application
6.2.3.1 Europe AI-Based Transcription and Captioning Services Market Size by Application (2020-2025)
6.2.3.2 Europe AI-Based Transcription and Captioning Services Market Share by Application (2020-2025)
6.2.4 Europe Market Trend and Opportunities
6.3 Asia-Pacific Market: Players, Segments and Downstream
6.3.1 Asia-Pacific AI-Based Transcription and Captioning Services Revenue by Company (2020-2025)
6.3.2 Asia-Pacific Market Size by Type
6.3.2.1 Asia-Pacific AI-Based Transcription and Captioning Services Market Size by Type (2020-2025)
6.3.2.2 Asia-Pacific AI-Based Transcription and Captioning Services Market Share by Type (2020-2025)
6.3.3 Asia-Pacific Market Size by Application
6.3.3.1 Asia-Pacific AI-Based Transcription and Captioning Services Market Size by Application (2020-2025)
6.3.3.2 Asia-Pacific AI-Based Transcription and Captioning Services Market Share by Application (2020-2025)
6.3.4 Asia-Pacific Market Trend and Opportunities
6.4 Latin America Market: Players, Segments and Downstream
6.4.1 Latin America AI-Based Transcription and Captioning Services Revenue by Company (2020-2025)
6.4.2 Latin America Market Size by Type
6.4.2.1 Latin America AI-Based Transcription and Captioning Services Market Size by Type (2020-2025)
6.4.2.2 Latin America AI-Based Transcription and Captioning Services Market Share by Type (2020-2025)
6.4.3 Latin America Market Size by Application
6.4.3.1 Latin America AI-Based Transcription and Captioning Services Market Size by Application (2020-2025)
6.4.3.2 Latin America AI-Based Transcription and Captioning Services Market Share by Application (2020-2025)
6.4.4 Latin America Market Trend and Opportunities
6.5 Middle East & Africa Market: Players, Segments and Downstream
6.5.1 Middle East & Africa AI-Based Transcription and Captioning Services Revenue by Company (2020-2025)
6.5.2 Middle East & Africa Market Size by Type
6.5.2.1 Middle East & Africa AI-Based Transcription and Captioning Services Market Size by Type (2020-2025)
6.5.2.2 Middle East & Africa AI-Based Transcription and Captioning Services Market Share by Type (2020-2025)
6.5.3 Middle East & Africa Market Size by Application
6.5.3.1 Middle East & Africa AI-Based Transcription and Captioning Services Market Size by Application (2020-2025)
6.5.3.2 Middle East & Africa AI-Based Transcription and Captioning Services Market Share by Application (2020-2025)
6.5.4 Middle East & Africa Market Trend and Opportunities
7 Key Players Profiles
7.1 IBM
7.1.1 IBM Company Details
7.1.2 IBM Business Overview
7.1.3 IBM AI-Based Transcription and Captioning Services Introduction
7.1.4 IBM Revenue in AI-Based Transcription and Captioning Services Business (2020-2025)
7.1.5 IBM Recent Development
7.2 Verbit
7.2.1 Verbit Company Details
7.2.2 Verbit Business Overview
7.2.3 Verbit AI-Based Transcription and Captioning Services Introduction
7.2.4 Verbit Revenue in AI-Based Transcription and Captioning Services Business (2020-2025)
7.2.5 Verbit Recent Development
7.3 OpenAI Whisper
7.3.1 OpenAI Whisper Company Details
7.3.2 OpenAI Whisper Business Overview
7.3.3 OpenAI Whisper AI-Based Transcription and Captioning Services Introduction
7.3.4 OpenAI Whisper Revenue in AI-Based Transcription and Captioning Services Business (2020-2025)
7.3.5 OpenAI Whisper Recent Development
7.4 AI-Media
7.4.1 AI-Media Company Details
7.4.2 AI-Media Business Overview
7.4.3 AI-Media AI-Based Transcription and Captioning Services Introduction
7.4.4 AI-Media Revenue in AI-Based Transcription and Captioning Services Business (2020-2025)
7.4.5 AI-Media Recent Development
7.5 Rev
7.5.1 Rev Company Details
7.5.2 Rev Business Overview
7.5.3 Rev AI-Based Transcription and Captioning Services Introduction
7.5.4 Rev Revenue in AI-Based Transcription and Captioning Services Business (2020-2025)
7.5.5 Rev Recent Development
7.6 Speechmatics
7.6.1 Speechmatics Company Details
7.6.2 Speechmatics Business Overview
7.6.3 Speechmatics AI-Based Transcription and Captioning Services Introduction
7.6.4 Speechmatics Revenue in AI-Based Transcription and Captioning Services Business (2020-2025)
7.6.5 Speechmatics Recent Development
7.7 Apptek
7.7.1 Apptek Company Details
7.7.2 Apptek Business Overview
7.7.3 Apptek AI-Based Transcription and Captioning Services Introduction
7.7.4 Apptek Revenue in AI-Based Transcription and Captioning Services Business (2020-2025)
7.7.5 Apptek Recent Development
7.8 NHK
7.8.1 NHK Company Details
7.8.2 NHK Business Overview
7.8.3 NHK AI-Based Transcription and Captioning Services Introduction
7.8.4 NHK Revenue in AI-Based Transcription and Captioning Services Business (2020-2025)
7.8.5 NHK Recent Development
7.9 ENCO Systems
7.9.1 ENCO Systems Company Details
7.9.2 ENCO Systems Business Overview
7.9.3 ENCO Systems AI-Based Transcription and Captioning Services Introduction
7.9.4 ENCO Systems Revenue in AI-Based Transcription and Captioning Services Business (2020-2025)
7.9.5 ENCO Systems Recent Development
7.10 Digital Nirvana
7.10.1 Digital Nirvana Company Details
7.10.2 Digital Nirvana Business Overview
7.10.3 Digital Nirvana AI-Based Transcription and Captioning Services Introduction
7.10.4 Digital Nirvana Revenue in AI-Based Transcription and Captioning Services Business (2020-2025)
7.10.5 Digital Nirvana Recent Development
7.11 Sonix
7.11.1 Sonix Company Details
7.11.2 Sonix Business Overview
7.11.3 Sonix AI-Based Transcription and Captioning Services Introduction
7.11.4 Sonix Revenue in AI-Based Transcription and Captioning Services Business (2020-2025)
7.11.5 Sonix Recent Development
7.12 Telestream
7.12.1 Telestream Company Details
7.12.2 Telestream Business Overview
7.12.3 Telestream AI-Based Transcription and Captioning Services Introduction
7.12.4 Telestream Revenue in AI-Based Transcription and Captioning Services Business (2020-2025)
7.12.5 Telestream Recent Development
7.13 VoiceBox
7.13.1 VoiceBox Company Details
7.13.2 VoiceBox Business Overview
7.13.3 VoiceBox AI-Based Transcription and Captioning Services Introduction
7.13.4 VoiceBox Revenue in AI-Based Transcription and Captioning Services Business (2020-2025)
7.13.5 VoiceBox Recent Development
7.14 Trint
7.14.1 Trint Company Details
7.14.2 Trint Business Overview
7.14.3 Trint AI-Based Transcription and Captioning Services Introduction
7.14.4 Trint Revenue in AI-Based Transcription and Captioning Services Business (2020-2025)
7.14.5 Trint Recent Development
7.15 Happy Scribe
7.15.1 Happy Scribe Company Details
7.15.2 Happy Scribe Business Overview
7.15.3 Happy Scribe AI-Based Transcription and Captioning Services Introduction
7.15.4 Happy Scribe Revenue in AI-Based Transcription and Captioning Services Business (2020-2025)
7.15.5 Happy Scribe Recent Development
7.16 Descript
7.16.1 Descript Company Details
7.16.2 Descript Business Overview
7.16.3 Descript AI-Based Transcription and Captioning Services Introduction
7.16.4 Descript Revenue in AI-Based Transcription and Captioning Services Business (2020-2025)
7.16.5 Descript Recent Development
7.17 Limecraft
7.17.1 Limecraft Company Details
7.17.2 Limecraft Business Overview
7.17.3 Limecraft AI-Based Transcription and Captioning Services Introduction
7.17.4 Limecraft Revenue in AI-Based Transcription and Captioning Services Business (2020-2025)
7.17.5 Limecraft Recent Development
7.18 Acadecraft
7.18.1 Acadecraft Company Details
7.18.2 Acadecraft Business Overview
7.18.3 Acadecraft AI-Based Transcription and Captioning Services Introduction
7.18.4 Acadecraft Revenue in AI-Based Transcription and Captioning Services Business (2020-2025)
7.18.5 Acadecraft Recent Development
7.19 TranscribeFiles
7.19.1 TranscribeFiles Company Details
7.19.2 TranscribeFiles Business Overview
7.19.3 TranscribeFiles AI-Based Transcription and Captioning Services Introduction
7.19.4 TranscribeFiles Revenue in AI-Based Transcription and Captioning Services Business (2020-2025)
7.19.5 TranscribeFiles Recent Development
7.20 Maestra AI
7.20.1 Maestra AI Company Details
7.20.2 Maestra AI Business Overview
7.20.3 Maestra AI AI-Based Transcription and Captioning Services Introduction
7.20.4 Maestra AI Revenue in AI-Based Transcription and Captioning Services Business (2020-2025)
7.20.5 Maestra AI Recent Development
7.21 Ava Live Captions
7.21.1 Ava Live Captions Company Details
7.21.2 Ava Live Captions Business Overview
7.21.3 Ava Live Captions AI-Based Transcription and Captioning Services Introduction
7.21.4 Ava Live Captions Revenue in AI-Based Transcription and Captioning Services Business (2020-2025)
7.21.5 Ava Live Captions Recent Development
7.22 Auris AI
7.22.1 Auris AI Company Details
7.22.2 Auris AI Business Overview
7.22.3 Auris AI AI-Based Transcription and Captioning Services Introduction
7.22.4 Auris AI Revenue in AI-Based Transcription and Captioning Services Business (2020-2025)
7.22.5 Auris AI Recent Development
8 AI-Based Transcription and Captioning Services Market Dynamics
8.1 AI-Based Transcription and Captioning Services Industry Trends
8.2 AI-Based Transcription and Captioning Services Market Drivers
8.3 AI-Based Transcription and Captioning Services Market Challenges
8.4 AI-Based Transcription and Captioning Services Market Restraints
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
WHY THIS REPORT
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
RLEATED REPORTS
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