Selected research
Industry Research
AI-Based Transcription and Captioning Services Industry Research Report 2026
Market perspective
The global AI-Based Transcription and Captioning Services market was valued at US$ million in 2025 and is projected to reach US$ million by 2032, implying a CAGR of % over 2026–2032.
North America: the AI-Based Transcription and Captioning Services market is projected to increase from US$ million in 2026 to US$ million by 2032, reflecting a CAGR of % over 2026–2032. Europe: the AI-Based Transcription and Captioning Services market is projected to rise from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026–2032. Asia Pacific: the AI-Based Transcription and Captioning Services market is expected to grow from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026–2032. Leading global service providers of AI-Based Transcription and Captioning Services include IBM, Verbit, OpenAI Whisper, AI-Media, Rev, Speechmatics, Apptek, NHK and ENCO Systems, among others; in 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
Read the full market overview
This report quantifies the global AI-Based Transcription and Captioning Services market in terms of revenue (US$ million) and, where applicable, service volume (k units), using 2024 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of service Types and end-use Applications, harmonizes provider attribution, and delivers comparable time series by company, Type, Application, and region or country, including indicative price bands (US$/k units) and concentration ratios (CR5/CR10). Outputs are intended to support service design, budgeting, capacity planning, and benchmarking for providers, platforms, channel partners, and investors; the report also reviews technology shifts and notable service innovations relevant to AI-Based Transcription and Captioning Services.
Key Companies & Market Share Insights
This section profiles leading service providers with 2021–2025 results and a 2026–2032 outlook—covering revenue, market share, price bands, service portfolio and client mix, regional and channel mix, and key developments (M&A, network expansion, certifications). It also provides global revenue, average price, and—where applicable—volume metrics by provider, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
AI-Based Transcription and Captioning Services Market by Company
IBM
Verbit
OpenAI Whisper
AI-Media
Rev
Speechmatics
Apptek
NHK
ENCO Systems
Digital Nirvana
Sonix
Telestream
VoiceBox
Trint
Happy Scribe
Descript
Limecraft
Acadecraft
TranscribeFiles
Maestra AI
Ava Live Captions
Auris AI
AI-Based Transcription and Captioning Services Segment by Type
Cloud-Based
On-Premises
AI-Based Transcription and Captioning Services Segment by Application
Media and Entertainment
Online Education and Training
Meetings and Conferences
Others
AI-Based Transcription and Captioning Services Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Russia
Netherlands
Nordic Countries
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Saudi Arabia
Israel
United Arab Emirates
Turkey
Iran
Egypt
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global AI-Based Transcription and Captioning Services market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of AI-Based Transcription and Captioning Services and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of AI-Based Transcription and Captioning Services.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Provides the analysis of various market segments product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 6: Detailed analysis of AI-Based Transcription and Captioning Services companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 7, 8, 9, 10, 11: North America, Europe, Asia Pacific, South America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 12: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including revenue, gross margin, product introduction, recent development, etc.
Chapter 13: The main points and conclusions of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Cloud-Based
- On-Premises
Applications
- Media and Entertainment
- Online Education and Training
- Meetings and Conferences
- Others
Companies covered
- IBM
- Verbit
- OpenAI Whisper
- AI-Media
- Rev
- Speechmatics
- Apptek
- NHK
- ENCO Systems
- Digital Nirvana
- Sonix
- Telestream
- VoiceBox
- Trint
- Happy Scribe
- Descript
- Limecraft
- Acadecraft
- TranscribeFiles
- Maestra AI
- Ava Live Captions
- Auris AI
Inside the report.
1 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 AI-Based Transcription and Captioning Services by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032)
- 2.2.2 Cloud-Based
- 2.2.3 On-Premises
- 2.3 AI-Based Transcription and Captioning Services by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032)
- 2.3.2 Media and Entertainment
- 2.3.3 Online Education and Training
- 2.3.4 Meetings and Conferences
- 2.3.5 Others
- 2.4 Assumptions and Limitations
3 AI-Based Transcription and Captioning Services Breakdown Data by Type
- 3.1 Global AI-Based Transcription and Captioning Services Historic Market Size by Type (2021-2026)
- 3.2 Global AI-Based Transcription and Captioning Services Forecasted Market Size by Type (2027-2032)
4 AI-Based Transcription and Captioning Services Breakdown Data by Application
- 4.1 Global AI-Based Transcription and Captioning Services Historic Market Size by Application (2021-2026)
- 4.2 Global AI-Based Transcription and Captioning Services Forecasted Market Size by Application (2027-2032)
5 Global Growth Trends
- 5.1 Global AI-Based Transcription and Captioning Services Market Perspective (2021-2032)
- 5.2 Global AI-Based Transcription and Captioning Services Growth Trends by Region
- 5.2.1 Global AI-Based Transcription and Captioning Services Market Size by Region: 2021 VS 2025 VS 2032
- 5.2.2 AI-Based Transcription and Captioning Services Historic Market Size by Region (2021-2026)
- 5.2.3 AI-Based Transcription and Captioning Services Forecasted Market Size by Region (2027-2032)
- 5.3 AI-Based Transcription and Captioning Services Market Dynamics
- 5.3.1 AI-Based Transcription and Captioning Services Industry Trends
- 5.3.2 AI-Based Transcription and Captioning Services Market Drivers
- 5.3.3 AI-Based Transcription and Captioning Services Market Challenges
- 5.3.4 AI-Based Transcription and Captioning Services Market Restraints
6 Market Competitive Landscape by Players
- 6.1 Global Top AI-Based Transcription and Captioning Services Players by Revenue
- 6.1.1 Global Top AI-Based Transcription and Captioning Services Players by Revenue (2021-2026)
- 6.1.2 Global AI-Based Transcription and Captioning Services Revenue Market Share by Players (2021-2026)
- 6.2 Global AI-Based Transcription and Captioning Services Industry Players Ranking, 2023 VS 2024 VS 2025
- 6.3 Global Key Players of AI-Based Transcription and Captioning Services Head Office and Area Served
- 6.4 Global AI-Based Transcription and Captioning Services Players, Product Type & Application
- 6.5 Global AI-Based Transcription and Captioning Services Manufacturers Established Date
- 6.6 Global AI-Based Transcription and Captioning Services Market CR5 and HHI
- 6.7 Global Players Mergers & Acquisition
7 North America
- 7.1 North America AI-Based Transcription and Captioning Services Market Size (2021-2032)
- 7.2 North America AI-Based Transcription and Captioning Services Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 7.3 North America AI-Based Transcription and Captioning Services Market Size by Country (2021-2026)
- 7.4 North America AI-Based Transcription and Captioning Services Market Size by Country (2027-2032)
- 7.5 United States
- 7.5 United States
- 7.6 Canada
- 7.7 Mexico
8 Europe
- 8.1 Europe AI-Based Transcription and Captioning Services Market Size (2021-2032)
- 8.2 Europe AI-Based Transcription and Captioning Services Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.3 Europe AI-Based Transcription and Captioning Services Market Size by Country (2021-2026)
- 8.4 Europe AI-Based Transcription and Captioning Services Market Size by Country (2027-2032)
- 8.5 Germany
- 8.6 France
- 8.7 U.K.
- 8.8 Italy
- 8.9 Spain
- 8.10 Russia
- 8.11 Netherlands
- 8.12 Nordic Countries
9 Asia-Pacific
- 9.1 Asia-Pacific AI-Based Transcription and Captioning Services Market Size (2021-2032)
- 9.2 Asia-Pacific AI-Based Transcription and Captioning Services Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 9.3 Asia-Pacific AI-Based Transcription and Captioning Services Market Size by Country (2021-2026)
- 9.4 Asia-Pacific AI-Based Transcription and Captioning Services Market Size by Country (2027-2032)
- 9.5 China
- 9.6 Japan
- 9.7 South Korea
- 9.8 India
- 9.9 Australia
- 9.10 China Taiwan
- 9.11 Southeast Asia
10 South America
- 10.1 South America AI-Based Transcription and Captioning Services Market Size (2021-2032)
- 10.2 South America AI-Based Transcription and Captioning Services Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 10.3 South America AI-Based Transcription and Captioning Services Market Size by Country (2021-2026)
- 10.4 South America AI-Based Transcription and Captioning Services Market Size by Country (2027-2032)
- 10.5 Brazil
- 10.6 Argentina
- 10.7 Chile
- 10.8 Colombia
- 10.9 Peru
11 Middle East & Africa
- 11.1 Middle East & Africa AI-Based Transcription and Captioning Services Market Size (2021-2032)
- 11.2 Middle East & Africa AI-Based Transcription and Captioning Services Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 11.3 Middle East & Africa AI-Based Transcription and Captioning Services Market Size by Country (2021-2026)
- 11.4 Middle East & Africa AI-Based Transcription and Captioning Services Market Size by Country (2027-2032)
- 11.5 Saudi Arabia
- 11.6 Israel
- 11.7 United Arab Emirates
- 11.8 Turkey
- 11.9 Iran
- 11.10 Egypt
12 Players Profiled
- 12.1 IBM
- 12.1.1 IBM Company Information
- 12.1.2 IBM Business Overview
- 12.1.3 IBM Revenue in AI-Based Transcription and Captioning Services Business (2021-2026)
- 12.1.4 IBM AI-Based Transcription and Captioning Services Product Portfolio
- 12.1.5 IBM Recent Developments
- 12.2 Verbit
- 12.2.1 Verbit Company Information
- 12.2.2 Verbit Business Overview
- 12.2.3 Verbit Revenue in AI-Based Transcription and Captioning Services Business (2021-2026)
- 12.2.4 Verbit AI-Based Transcription and Captioning Services Product Portfolio
- 12.2.5 Verbit Recent Developments
- 12.3 OpenAI Whisper
- 12.3.1 OpenAI Whisper Company Information
- 12.3.2 OpenAI Whisper Business Overview
- 12.3.3 OpenAI Whisper Revenue in AI-Based Transcription and Captioning Services Business (2021-2026)
- 12.3.4 OpenAI Whisper AI-Based Transcription and Captioning Services Product Portfolio
- 12.3.5 OpenAI Whisper Recent Developments
- 12.4 AI-Media
- 12.4.1 AI-Media Company Information
- 12.4.2 AI-Media Business Overview
- 12.4.3 AI-Media Revenue in AI-Based Transcription and Captioning Services Business (2021-2026)
- 12.4.4 AI-Media AI-Based Transcription and Captioning Services Product Portfolio
- 12.4.5 AI-Media Recent Developments
- 12.5 Rev
- 12.5.1 Rev Company Information
- 12.5.2 Rev Business Overview
- 12.5.3 Rev Revenue in AI-Based Transcription and Captioning Services Business (2021-2026)
- 12.5.4 Rev AI-Based Transcription and Captioning Services Product Portfolio
- 12.5.5 Rev Recent Developments
- 12.6 Speechmatics
- 12.6.1 Speechmatics Company Information
- 12.6.2 Speechmatics Business Overview
- 12.6.3 Speechmatics Revenue in AI-Based Transcription and Captioning Services Business (2021-2026)
- 12.6.4 Speechmatics AI-Based Transcription and Captioning Services Product Portfolio
- 12.6.5 Speechmatics Recent Developments
- 12.7 Apptek
- 12.7.1 Apptek Company Information
- 12.7.2 Apptek Business Overview
- 12.7.3 Apptek Revenue in AI-Based Transcription and Captioning Services Business (2021-2026)
- 12.7.4 Apptek AI-Based Transcription and Captioning Services Product Portfolio
- 12.7.5 Apptek Recent Developments
- 12.8 NHK
- 12.8.1 NHK Company Information
- 12.8.2 NHK Business Overview
- 12.8.3 NHK Revenue in AI-Based Transcription and Captioning Services Business (2021-2026)
- 12.8.4 NHK AI-Based Transcription and Captioning Services Product Portfolio
- 12.8.5 NHK Recent Developments
- 12.9 ENCO Systems
- 12.9.1 ENCO Systems Company Information
- 12.9.2 ENCO Systems Business Overview
- 12.9.3 ENCO Systems Revenue in AI-Based Transcription and Captioning Services Business (2021-2026)
- 12.9.4 ENCO Systems AI-Based Transcription and Captioning Services Product Portfolio
- 12.9.5 ENCO Systems Recent Developments
- 12.10 Digital Nirvana
- 12.10.1 Digital Nirvana Company Information
- 12.10.2 Digital Nirvana Business Overview
- 12.10.3 Digital Nirvana Revenue in AI-Based Transcription and Captioning Services Business (2021-2026)
- 12.10.4 Digital Nirvana AI-Based Transcription and Captioning Services Product Portfolio
- 12.10.5 Digital Nirvana Recent Developments
- 12.11 Sonix
- 12.11.1 Sonix Company Information
- 12.11.2 Sonix Business Overview
- 12.11.3 Sonix Revenue in AI-Based Transcription and Captioning Services Business (2021-2026)
- 12.11.4 Sonix AI-Based Transcription and Captioning Services Product Portfolio
- 12.11.5 Sonix Recent Developments
- 12.12 Telestream
- 12.12.1 Telestream Company Information
- 12.12.2 Telestream Business Overview
- 12.12.3 Telestream Revenue in AI-Based Transcription and Captioning Services Business (2021-2026)
- 12.12.4 Telestream AI-Based Transcription and Captioning Services Product Portfolio
- 12.12.5 Telestream Recent Developments
- 12.13 VoiceBox
- 12.13.1 VoiceBox Company Information
- 12.13.2 VoiceBox Business Overview
- 12.13.3 VoiceBox Revenue in AI-Based Transcription and Captioning Services Business (2021-2026)
- 12.13.4 VoiceBox AI-Based Transcription and Captioning Services Product Portfolio
- 12.13.5 VoiceBox Recent Developments
- 12.14 Trint
- 12.14.1 Trint Company Information
- 12.14.2 Trint Business Overview
- 12.14.3 Trint Revenue in AI-Based Transcription and Captioning Services Business (2021-2026)
- 12.14.4 Trint AI-Based Transcription and Captioning Services Product Portfolio
- 12.14.5 Trint Recent Developments
- 12.15 Happy Scribe
- 12.15.1 Happy Scribe Company Information
- 12.15.2 Happy Scribe Business Overview
- 12.15.3 Happy Scribe Revenue in AI-Based Transcription and Captioning Services Business (2021-2026)
- 12.15.4 Happy Scribe AI-Based Transcription and Captioning Services Product Portfolio
- 12.15.5 Happy Scribe Recent Developments
- 12.16 Descript
- 12.16.1 Descript Company Information
- 12.16.2 Descript Business Overview
- 12.16.3 Descript Revenue in AI-Based Transcription and Captioning Services Business (2021-2026)
- 12.16.4 Descript AI-Based Transcription and Captioning Services Product Portfolio
- 12.16.5 Descript Recent Developments
- 12.17 Limecraft
- 12.17.1 Limecraft Company Information
- 12.17.2 Limecraft Business Overview
- 12.17.3 Limecraft Revenue in AI-Based Transcription and Captioning Services Business (2021-2026)
- 12.17.4 Limecraft AI-Based Transcription and Captioning Services Product Portfolio
- 12.17.5 Limecraft Recent Developments
- 12.18 Acadecraft
- 12.18.1 Acadecraft Company Information
- 12.18.2 Acadecraft Business Overview
- 12.18.3 Acadecraft Revenue in AI-Based Transcription and Captioning Services Business (2021-2026)
- 12.18.4 Acadecraft AI-Based Transcription and Captioning Services Product Portfolio
- 12.18.5 Acadecraft Recent Developments
- 12.19 TranscribeFiles
- 12.19.1 TranscribeFiles Company Information
- 12.19.2 TranscribeFiles Business Overview
- 12.19.3 TranscribeFiles Revenue in AI-Based Transcription and Captioning Services Business (2021-2026)
- 12.19.4 TranscribeFiles AI-Based Transcription and Captioning Services Product Portfolio
- 12.19.5 TranscribeFiles Recent Developments
- 12.20 Maestra AI
- 12.20.1 Maestra AI Company Information
- 12.20.2 Maestra AI Business Overview
- 12.20.3 Maestra AI Revenue in AI-Based Transcription and Captioning Services Business (2021-2026)
- 12.20.4 Maestra AI AI-Based Transcription and Captioning Services Product Portfolio
- 12.20.5 Maestra AI Recent Developments
- 12.21 Ava Live Captions
- 12.21.1 Ava Live Captions Company Information
- 12.21.2 Ava Live Captions Business Overview
- 12.21.3 Ava Live Captions Revenue in AI-Based Transcription and Captioning Services Business (2021-2026)
- 12.21.4 Ava Live Captions AI-Based Transcription and Captioning Services Product Portfolio
- 12.21.5 Ava Live Captions Recent Developments
- 12.22 Auris AI
- 12.22.1 Auris AI Company Information
- 12.22.2 Auris AI Business Overview
- 12.22.3 Auris AI Revenue in AI-Based Transcription and Captioning Services Business (2021-2026)
- 12.22.4 Auris AI AI-Based Transcription and Captioning Services Product Portfolio
- 12.22.5 Auris AI Recent Developments
13 Report Conclusion
14 Disclaimer
GET THE RESEARCH
Choose your license.
Choose who needs access.
All options are for this report and research series.
PDF by email within 3–5 working days after payment confirmation.
Talk to an analyst