Speech Analytics Market Real-time analytics Foretell 2025
Rising number of contact centers and necessity for compliance and risk management across several verticals have led the companies to invent solutions in speech analytics which will aid companies to comprehend the changing necessities of customers. Several organizations functioning in diverse industrial domains have been evolving interests for the transcription and analyzing of customers and structural media and uptake rational decisions for the management of business and consumers with the help of speech and text intelligence. This is the main factor that is responsible for the growth of the market and a protuberant driving factor in the growing demands for speech analytics in several industrial applications. This rising demand can also be accredited to the burdens on businesses for safeguarding their rational assets for improving agility and competence in business operations via the all-embracing insights quarried in the Voice of Customer (VoC).
Request Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=368
Speech analytics is used in sectors such as customer experience management, agent performance, business processes, compliance and risk management, and market intelligence. Other than this, it also finds application in public sector, entertainment and media, hospitality and travel, logistics and transportation, information technology and telecommunication, utilities and energy, manufacturing, consumer goods, retail, life sciences and healthcare, and banking, financial services, and insurance.
The industry players are investing in huge amounts in research and development in order to enhance their technological ability and product accuracy. Strategic alliances are also expected to play a prominent role in this path.
Global Speech Analytics Market: Overview
Speech analytics technologies are used to extract information at customer contact points across various channels such as voice, chat, email, social channels, and surveys. Across the world, voice and phone interaction is the most common mode of communication used by consumers. Therefore, speech analytics is used in Voice User Interface (VUI) to derive insights at different contact points.
Request TOC of the Report @ https://www.tmrresearch.com/sample/sample?flag=T&rep_id=368
In current times, organizations across various industry sectors are undertaking programs for transcripting and analyzing customer and organizational media. This is mainly to take logical decisions for customer and business management with the help of speech and text intelligence. This is one of the prime factors driving the demand for speech analytics across various industry sectors. The increasing pressure upon businesses to protect their intellectual property in order to improve efficiency and agility in business operations is also leading to the deployment of speech analytics systems. Businesses are deploying speech analytics systems to mine extensive insights from the voice of customers. Various product types in this market include database management system, reporting and analysis, data integration tools, query, analytical tools, online analytical processing (OLAP), and visualization tools among others.
Speech analytics finds application in market intelligence, risk and compliance management, business process, agent performance, and customer experience management (CEM). Other than this, speech analytics may find application in several other industry verticals such as banking, financial services, and insurance (BFSI), healthcare and life sciences, retail and consumer goods, energy and utilities, manufacturing, government, telecommunication and information technology, transportation and logistics, travel and hospitality, media and entertainment, and public sector among others.
Read Comprehensive Overview of Report @ https://www.tmrresearch.com/speech-analytics-market
The research report presents a definitive analysis of market dynamics, which includes market drivers, trends, and opportunities that will influence the development of the global speech analytics market between 2017 and 2025. The report is presented based on data collected from industry-centric sources and receiving valuable insights from opinion leaders.
Global speech Analytics Market: Drivers and Restraints
The emergence of call centers, law to monitor adherence to business regulatory compliances, and increased focus on competitive intelligence are the major factors driving the global speech analytics market. The development of integrated software solutions, wherein workforce management solutions are integrated with speech analytics will offer immense growth opportunities to this market.
Furthermore, there is a rising demand for real-time analytics guidance tools. Speech analytics has emerged as an extension of trends within customer-centric enterprises and insightful management practices. Healthcare and life sciences is anticipated to display the highest growth rate in the market space.
Global Speech Analytics Market: Regional Outlook
The global speech analytics market can be segmented regionally into: North America, Europe, Asia Pacific, and Latin America. North America dominates the speech analytics market followed by Europe. The adoption of speech analytics by various industry sectors such as utilities, travel and tourism, and healthcare are the primary factors for the growth of the speech analytics market in these regions.
Major Companies Mentioned in Report
Some of the leading companies in the global speech analytics market are Avaya Inc., Aspect Software Inc., NICE System Ltd., Verint Systems Inc., CallMiner Inc., Nexidia Inc., and Calabrio Inc.
About TMR Research
TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.
Our savvy custom-built reports span a gamut of industries such as pharmaceuticals, chemicals and metals, food and beverages, and technology and media, among others. With actionable insights uncovered through in-depth research of the market, we try to bring about game-changing success for our clients.
3739 Balboa St # 1097,
San Francisco, CA 94121
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Speech Analytics Market Real-time analytics Foretell 2025 here
News-ID: 1065221 • Views: 367
More Releases from TMR Research
Smart Factory Market Analysis of Key Players, End User, Demand and Consumption B …
Global Smart Factory Market: Overview The global smart factory sector has been propelled by the need for efficient and precise ways of operating a manufacturing unit. The increasing adoption of industrial robots in the global manufacturing sector was the first step for the smart factory market. Modern factories incorporate sophisticated industrial robotic systems, Internet of Things technology, and machine communication technology to enable smooth automated manufacturing. The rising government support to
Terrestrial Trunked Radio (TETRA) Market Analysis by Growth, Size (Value and Vol …
Terrestrial Trunked Radio (TETRA) Market: Overview The rising demand for higher level of encryption for voice to meet the security needs for public safety organizations is boosting the global terrestrial trunked radio (TETRA) market. The ability of terrestrial trunked radios to transfer data quickly as compared to the mobile communications earlier is also boosting their demand. Terrestrial trunked radio is a private, digital mobile radiotechnology, finding its application in medical, transport,
Timing Devices Market Growth and Restrain Factors Analysis 2017 – 2025
Global Timing Devices Market: Overview The three broad segments of timing devices are semiconductor clocks, oscillators, and resonators. Timing devices are the semiconductor components bringing about timely performance of electronic products. Small timing devices are usually pocket instruments and wrist instruments and the larger ones are typically table and the panel-mounted units, which includes demonstrational timers. Timing devices run on electricity and have a digital display. Akin to clocks and the watches,
Earphones and Headphones Market Latest Report with Forecast to 2025
Global Earphones and Headphones Market: Overview Headphones are a pair of two simple speakers attached to a band that goes across the wearer’s head in such a manner that the speakers are positioned over the ears. This delivers a personal, immersive listening experience directly into the ears. The use of headphones is somewhat unique over traditional speakers as the latter vibrate large segments of air within a room to recreate
More Releases for Speech
Speech Therapy Services Market Analysis by Top Key Players Smart Speech Therapy, …
Speech therapy is an intervention service that focuses on improving a child's speech and abilities to understand and express language, including nonverbal language. Speech therapists, or speech and language pathologists (SLPs), are the professionals who provide these services. Get Sample Copy of this Report @ https://www.bigmarketresearch.com/request-sample/2889133?utm_source=RK&utm_medium=OPR The Speech Therapy Services Market research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported
Speech Therapy Services Market 2018-2025: Smart Speech Therapy, Therapy Solution …
Speech Therapy Services Industry 2018 Global Market research report provides key analysis on the market status of the Speech Therapy Services providers with market size, growth, share, trends as well as industry cost structure. This report discovers the key drivers and challenges affecting the market. Get Sample Copy of this Report – https://www.orianresearch.com/request-sample/622819 Global Speech Therapy Services Industry 2018 Market Research Report is spread across 117 pages and
Free Speech Film Festival Announces 2012 Free Speech Awards
Quick info Who: American Insight What: Free Speech Film Festival Where: American Philosophical Society When: Wednesday, May 16, 2012 For Tickets: FreeSpeechFilmFestival.org Philadelphia, PA – American INSIGHT's first annual Free Speech Film Festival on Wednesday, May 16, 2012, will take place in the Benjamin Franklin Hall of the American Philosophical Society in Philadelphia, PA. Creative filmmakers from 16 nations around the world entered their work as a response to the subject of Free Speech. The
Inspiring Confidence Through Speech and Acting
Milly was brought up in Bangladesh and Jamaica and has travelled to over 35 countries. A professional actress and singer whose career thrived from attending Europe's top drama schools. Still a professional actor, singer and artistic director, She also does coaching and runs private lessons for children and adults to find an inner voice, gain more confidence or who simply need more life skills to use within their work environment
Interlecta's Translation Software With Speech for BlackBerry
Interlecta, a world leader in translation and messaging technologies, presents its upgraded translation software featuring Text-to-Speech and Image Translation capabilities. The users of Interlecta's Translator for BlackBerry are now going to enjoy an upgraded version of this software. The latest version of the mobile translator will support text-to-speech (TTS) and image recognition and translation (OCR + MT). Together with the Speech translation technology utilizing the newly incorporated TTS a new
Speech Design Mobile Solutions Are "HiPath Ready"
The compatibility of Speech Designs Teleserver Mobile Pro with the HiPath 4000, 8000 and OpenScape PBXs has been certified by Siemens Speech Design´s Teleserver Mobile Pro, the fixed mobile convergence (FMC) solution for enterprises, has been certified as „HiPath Ready Application“ within the Siemens HiPath technology partner program. The connectivity of Teleserver Mobile Pro IP to Siemens OpenScape Voice and Teleserver Mobile Pro 800 / 1600 / IP to