The global Human and AI Transcription Service market size is predicted to grow from US$ 236 million in 2025 to US$ 311 million in 2031; it is expected to grow at a CAGR of 4.7% from 2025 to 2031.

Transcription is the conversion of a spoken message into written text. When speech is transcribed, it is easier to share, edit, index, and cross-reference. A professional transcriber carefully listens to an interview, presentation, or other audio format and accurately transcribes the dialogue into text. AI transcription uses advanced artificial intelligence to convert audio or video files into text. The software is designed to mimic the way humans transcribe audio or video files.

China and the United States are two leaders in AI industry. On the AI 100 list (2022) released by CB Insights, the number of companies in the United States ranks first, with more than 70 companies, followed by the United Kingdom, with 8 companies on the list. China and Canada both holds 5 companies on the list. According to data from the China Academy of Information and Communications Technology, the scale of Chinas core artificial intelligence industry reached 508 billion in 2022, a year-on-year increase of 18%. From 2013 to November 2022, the cumulative number of patent applications for artificial intelligence inventions in the world reached 729,000, and the cumulative number of applications in China reached 389,000, accounting for 53.4%. However, the Global Artificial Intelligence Innovation Index Report 2021 released by the China Institute of Scientific and Technological Information shows that the overall strength of the United States is still far ahead. The number of artificial intelligence companies in the United States is about 4,670, while China has only 880. Chinas data center is less than 1/100 of that of the United States.

LPI (LP Information) newest research report, the Human and AI Transcription Service Industry Forecast looks at past sales and reviews total world Human and AI Transcription Service sales in 2024, providing a comprehensive analysis by region and market sector of projected Human and AI Transcription Service sales for 2025 through 2031. With Human and AI Transcription Service sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Human and AI Transcription Service industry.

This Insight Report provides a comprehensive analysis of the global Human and AI Transcription Service landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Human and AI Transcription Service portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms unique position in an accelerating global Human and AI Transcription Service market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Human and AI Transcription Service and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Human and AI Transcription Service.

This report presents a comprehensive overview, market shares, and growth opportunities of Human and AI Transcription Service market by product type, application, key players and key regions and countries.

Segmentation by Type:

    Human Transcription Services
    AI Transcription Services

Segmentation by Application:

    Medical
    Education
    BFSI
    Legal
    Media
    Others

This report also splits the market by region:

    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the companys coverage, product portfolio, its market penetration.

    3Play Media
    Amberscript
    Babbletype
    CastingWords
    Daily Transcription
    Day Translations
    Descript
    Dictate2us
    Ditto Transcripts
    Dynamic Language
    eWandzDigital
    eWord Solutions
    Fenton Transcription
    Global Lingo
    GMR Transcription
    GoTranscript
    Happy Scribe
    Otter.ai
    Rev
    Scribie
    Sonix
    Speak Ai
    SpeakWrite
    Speechpad
    Take1
    Temi
    TranscribeMe
    Transcription Panda
    Trint
    Verbit