Startup Ideas AI

Converting digital audio files to written transcriptions is a common frustration for individuals and businesses that rely on accurate transcriptions. This startup idea focuses on developing an AI-powered platform that can accurately and quickly convert audio files into written transcriptions to save time and effort. The market size for transcription services was estimated at $19.56 billion in 2020 and is expected to reach $31.52 billion by 2028 with a CAGR of 6.8%.