Press release
Online Transcription Platform and Services Market to See Huge Growth by 2026 | Cisco Systems, Microsoft, SAP
Online Transcription Platform and Services Market
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Summary
What is Online Transcription Platform and Services?
The United Kingdom online transcription platform & services market is expected to grow at a healthy pace during the forecast period, according to the AMA study. The growing demand for automated transcription solutions & services and increasing demand for high-speed speech recognition are expected to be some of the major factors aiding the growth of the market. However, the market is expected to witness a decline in growth during FY 2020 but it is again expected to rise at a healthy pace after the COVID-19 pandemic is over.
The market study is broken down, by Application (Annotations, Automatic Transcription, Collaboration Tools, Natural Language Processing, Playback Controls, Speech Recognition, Timecoding and Others) and major geographies with country level break-up.
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to the outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Research Analyst at AMA estimates that Players from United Kingdom, United States will contribute to the maximum growth of Global Online Transcription Platform and Services market throughout the predicted period.
Cisco Systems, Inc. (United States), Microsoft (United States), SAP Se (Germany), Oracle (United States), Nuance Communications (United States), Tyger Valley Systems (England), QSR International (Australia), Trint (United Kingdom), Descript (United States), IBM (United States), GoTranscript (United Kingdom), PoliLingua (United Kingdom), Time etc Limited (United Kingdom) and Lexiword (United Kingdom) are some of the key players that are part of study coverage.
Segmentation Overview
HTF MI has segmented the market of Global Online Transcription Platform and Services market by Type, Application and Region.
On the basis of geography, the market of Online Transcription Platform and Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Enterprise Size, the sub-segment i.e. SMEs will boost the Online Transcription Platform and Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Platform, the sub-segment i.e. Windows will boost the Online Transcription Platform and Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. Legal Corporations will boost the Online Transcription Platform and Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Solutions {On-Premise, Cloud-based} will boost the Online Transcription Platform and Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Stringent Government Regulations Regarding Shutting Down of Operations Across Different Industries Worldwide Due to the COVID-19 Pandemic is Impacting the Demand for Online Transcription Solutions
Market Trend
Rising Adoption of Cloud-Based Solutions & Services
Market Drivers
Growing Demand for Automated Transcription Services
Increasing Demand for High-Speed Speech Recognition
Opportunities
Rising Automation Across Different Industries is Expected to Generate Huge Opportunities During the Forecast Period
Restraints
Availability of Open Source Platforms
Challenges
Level of Difficulties in Transcription Platforms
Analyst View
Since the COVID-19 virus outbreak in December 2019, the disease has spread to more than 200 countries across the world along with the World Health Organization declaring it a public health emergency. The impact of the COVID-19 has already hit many industries and will affect the United Kingdom transcription solutions & services market in FY 2020. The outbreak of COVID-19 has brought effects on many aspects, like scheduled public transportation cancellations; downfall in the real estate sector; travel bans and quarantines; closed operations across hotels & restaurants; banning of public gatherings & events; large slow-down in the supply chain of different markets; stock market unpredictability; declining business assurance, and uncertainty in the future market dynamics.
About Approach
During this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand company’s positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase
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Strategic Points Covered in Table of Content of Global Online Transcription Platform and Services Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2027 Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Global Online Transcription Platform and Services Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2027market. (Introduction, Scope of the Report)Chapter 2: Exclusive Summary – the b
....Continued
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