Press release
Business Transaction Market Size, Top Countries Data, Size, Revenue, Company Overview, Industrial Statistics, Regional Economy, Development and Forecast to 2028
Business Transaction Market
Organizations are using Search Engine Optimization (SEO) to boost visibility in online searches. This is possible by feeding valuable information into websites so that search engines can easily understand the keywords and display the same. Transcripts uploaded on websites contain keywords which boosts online search results and the need for this feature is driving adoption of Business Transaction solutions currently.
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Some Key Highlights From the Report
• In January 2021, Otter.ai launched live notes and captions for 100 million daily users for Google Meet. Users can complete easy and quick installation of Chrome extension and Otter.ai customers can use the integration to access a live, interactive, and secure transcript directly from a Google Meet call, and can also use live captions.
• It is more economical and advantageous for businesses to outsource their transcription requirements. This eliminates the need to train or hire employees specifically for this requirement. Moreover, outsourcing also allows businesses to tap into expertise of transcribers who specialize in different subjects and ensure accuracy of transcription. Even though transcription is important, the process is time-consuming. Outsourcing provides access to highly qualified transcribers who are adept at dealing and recognizing various accents and pronunciation. Outsourcing also helps in reducing burden on current employees and offers access to more qualitative work and outcomes.
• Business Transaction market revenue in Asia Pacific is expected to register a rapid growth rate during the forecast period due to rapid digitalization in developing countries and high demand from countries such as Japan, Singapore, South Korea, and China. Emergence of several IT companies in developing countries and rising traction and use of video and audio conferencing is supporting growth of the market in the region to a significant extent.
• Some major players in the global market include Digital Nirvana Inc., Tech-Synergy, 3Play Media, NCH Software, Focus Forward, Crimson Interactive Inc., Voice Products Inc., RndSofttech.com, TranscribeMe Inc., and Indoswift.
Emergen Research has segmented the global Business Transaction market on the basis of component, procurement type, enterprise, end-use, and region:
• Component Outlook (Revenue, USD Billion; 2018–2028)
o Software
o Services
o Tools
1. Technology-Powered
2. Human-Powered
• Procurement Type Outlook (Revenue, USD Billion; 2018–2028)
o Outsourcing
o Offshoring
o Both
• Enterprise Outlook (Revenue, USD Billion; 2018–2028)
o Large Enterprises
o Small & Medium Sized Enterprises
• End-use Outlook (Revenue, USD Billion; 2018–2028)
o IT & Telecom
o Media & Entertainment
o BFSI
o Retail & Consumer Goods
o Manufacturing
o Others
The research study also offers insights into various regulatory frameworks and evaluates the growth of the industry in each key region of the world. The report also provides an assessment of the micro and macro-economic factors influencing the growth of the market in the mentioned regions. The global Business Transaction market is segmented into the following based on the key regions of the world:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Exhaustive Analysis of the Competitive Landscape of the Global Business Transaction Market:
• The global Business Transaction market report zeroes in on the overall competitive scope of this industry vertical.
• The study provides detailed product information, alongside their specifications and prime applications.
• The study entails various pricing models and profit returns accrued, outlined by the key contenders across the market.
• The report enlists a wide array of strategic initiatives, for example, recent business deals, collaborations, joint ventures, mergers & acquisitions, product launches, and technological upgradation.
• The inference of the report comprises an exhaustive study of the key players of the market.
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2028
Chapter 3. Key Insights
Chapter 4. Business Transaction Market Segmentation & Impact Analysis
4.1. Business Transaction Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increase in volume of content
4.2.2.2. Rapid digitalization
4.2.3. Market restraints analysis
4.2.3.1. Privacy issues
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Business Transaction Market By Component Insights & Trends Revenue (USD Billion)
5.1. Component Dynamics & Market Share, 2021 & 2028
5.1.1. Software
5.1.2. Services
5.1.3. Tools
5.1.3.1. Technology-Powered
5.1.3.2. Human-Powered
Chapter 6. Business Transaction Market By Procurement Type Insights & Trends, Revenue (USD Billion)
6.1. Procurement Type Dynamics & Market Share, 2021 & 2028
6.1.1. Outsourcing
6.1.2. Offshoring
6.1.3. Both
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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