18.2% Growth Rate for Speech Analytics Market by 2022 - Overview , Top Technologies, Key Insights and Company Profiles

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The Global Speech Analytics Market size is expected to grow from US$ 941.1 Million in 2017 to US$ 2,175.8 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 18.2% during the forecast period. Increasing focus on higher customer satisfaction is one of the key factors fueling the growth of this market. Cloud-based speech analytics solutions and rising need to predict are expected to evolve the speech analytics. As a result, it will provide growth opportunities for the market.

Top Key Players in the “Speech Analytics Market” include are
• Verint Systems (US)
• Avaya (US)
• Calabrio (US)
• Clarabridge (US)
• Voci Technologies (US)
• Zoom International (Czech Republic)
• NICE Systems (Israel)
• Genesys (US)
• HPE(US)
• CallMiner (US)
• Almawave (Italy)

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Speech analytics solutions witness an increasing demand across industry verticals, such as BFSI, retail and eCommerce, telecommunications and IT, and healthcare and life sciences. With the largest market size, the BFSI vertical is expected to dominate the speech analytics market during the forecast period, due to the growing importance of speech analytics to enhance the customer satisfaction, increase the retention rate, and reduce the customer churn rate.

The Speech Analytics Market growth in Asia Pacific (APAC) region is gaining momentum and is expected to grow at the highest rate in the coming years. Rising awareness can be attributed to continuous increase in companies’ focus on improving their customer service to drive competitive differentiation and revenue growth. Also, to enhance business productivity supplemented by speech analytics solutions and services has made APAC a highly potential market.

Study Objectives:
The main objective of the report is to define, describe, and forecast the global speech analytics industry by components (solutions and services), applications, deployment models, organization sizes, industry verticals, and regions. The report provides detailed information regarding the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the market. The report aims to strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the total speech analytics market. The report attempts to forecast the market size with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America.

Complete report on Speech Analytics Market spread across 150 Pages, profiling 11 companies and supported with tables and figures. Buy Research at https://www.reportsnreports.com/purchase.aspx?name=276472 .

Target Audience:
• Speech analytics application builders
• Service providers and distributors
• Independent Software Vendors (ISVs)
• Analytics consulting companies
• End users
• Enterprises

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