The medical transcription software market is estimated to increase from US$2.5 Bn in 2024 to US$6.6 Bn by 2031. The market is projected to record a remarkable CAGR of 15% during the forecast period from 2024 to 2031. The market is driven by advancements in AI, NLP, and cloud-based solutions, as well as the growth of telemedicine and increasing regulatory compliance.