Press release
Speech Analytics Market is expected to grow at a CAGR of 12.21 % from 2023-2030 : Cognitive Market Research
Speech Analytics Market is expected to grow at a CAGR of 12.21 % from 2023-2030 : Cognitive Market Research
Speech analytics is a system, which analyzes customer conversations from real-time or recorded audio data using artificial intelligence and natural language processing. Call centers are leveraging speech analytics solutions for notable benefits such as improved customer experience, quality assurance metrics, real-time insights, identifying opportunities for upselling, and reduced risk of non-compliance.
Summary:
• The Speech Analytics Market Size Was Valued at USD 1.81 Billion In 2022 And Is Expected to Grow at A CAGR Of 12.21 % During the Forecast Period, Reaching USD 4.86 Billion By 2030.
• Based on the component, the solution segment has the largest revenue share in the speech analytics market.
• Based on enterprise size, the large enterprise segment has the largest revenue share in the speech analytics market.
• Based on the industry vertical, the BFSI segment has the largest revenue share in the speech analytics market.
To know more The Speech Analytics Market statistics click here:
https://www.cognitivemarketresearch.com/speech-analytics-market-report
Market Dynamics:
Increasing demand for speech authentication analysis solutions and the use of speech authentication analysis solutions in the retail and e-commerce sectors are expected to drive the growth of the speech analytics market. Furthermore, increasing utilization of artificial intelligence and machine learning-based technology to enable useful consumer insights is expected to create growth opportunities for the speech analytics market. However, concerns associated with data privacy and security are anticipated to restrict the growth of the speech analytics market.
Market Segmentation:
Component:
• Solution
• Services
Based on the component, the solution segment has the largest revenue share in the speech analytics market. This is due to the increasing demand for reporting and visualization tools across retail industries, mitigating compliance & risks expected to drive the growth of the solution segment.
Enterprise Size:
• Large Enterprises
• SMEs
Based on enterprise size, the large enterprise segment has the largest revenue share in the speech analytics market. This is attributed to large enterprises enhancing total production and sales projected to drive the growth of this segment.
Deployment Mode:
• On-premise Deployment
• Cloud-based Deployment
Application:
• Customer Experience Management
• Call Monitoring and Summarization
• Agent Performance Monitoring
• Sales and Marketing Management
• Quality Management
• Risk and Compliance Management
• Others
Industry Vertical:
• BFSI
• IT and Telecom
• Media and Entertainment
• Healthcare and Life Sciences
• Travel and Hospitality
• Retail and eCommerce
• Government and Defence
• Others
Based on the industry vertical, the BFSI segment has the largest revenue share in the speech analytics market. This is due to the increasing demand for speech analytics in the BFSI sector expected to drive the growth of this segment.
Competitive Analysis for Speech Analytics Market:
Interactive Intelligence Group, NICE Systems, Verint Systems, Avaya, Genesys, Hewlett Packard Enterprise, inContact, Calabrio, CallMiner, ClaraBridge
Get free sample pages of latest published Speech Analytics Market Report:
https://www.cognitivemarketresearch.com/speech-analytics-market-report#request_sample
Regional Analysis:
North America accounted for the largest share of the speech analytics market
North America has the largest revenue share in the speech analytics market. This is due to the increasing adoption of several cloud-based services by way of production systems and several distribution channels in the region.
News:
Vonage has launched an AI studio
In September 2022, Vonage has launched Vonage AI Studio, a low code/no code tool to design, create and deploy customer engagement solutions that operate in natural language using artificial intelligence
Source:https://www.prnewswire.com/news-releases/vonage-launches-ai-studio-301624998.html#:~:text=15%2C%202022%20%2FPRNewswire%2F%20%2D%2D,using%20artificial%20intelligence%20(AI).
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Speech Analytics Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Speech Analytics Market Segmentation
1.5.1 Speech Analytics Market Regional Fragmentation
1.5.1 Speech Analytics Market Players
• 1.6 Report Duration
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Speech Analytics Market
• 3.1 Global Speech Analytics Market Size 2018 - 2030, (USD Million)
• 3.2 Global Speech Analytics Market Statistics 2022: Snapshot
Chapter 4 Global Speech Analytics Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Speech Analytics Market by Deployment Mode Segmentation Analysis (2018-2030)
Chapter 9 Global Speech Analytics Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Speech Analytics Market by Component Segmentation Analysis (2018-2030)
Chapter 11 Global Speech Analytics Market by Enterprise Size Segmentation Analysis (2018-2030)
Chapter 12 Global Speech Analytics Market by Industry Vertical Segmentation Analysis (2018-2030)
Chapter 13 Global Speech Analytics Market Regional Analysis
Chapter 14 North America Speech Analytics Market Outlook (2018 - 2030)
Chapter 15 Europe Speech Analytics Market Outlook (2018 - 2030)
Chapter 16 Asia Pacific Speech Analytics Market Outlook (2018 - 2030)
Chapter 17 Latin America Speech Analytics Market Outlook (2018 - 2030)
Chapter 18 Middle East and Africa Speech Analytics Market Outlook (2018 - 2030)
Chapter 19 Research Findings
To know more Speech Analytics Market TOC click here:
https://www.cognitivemarketresearch.com/speech-analytics-market-report#table_of_contents
Related Reports:
Speech Recognition Market:
https://www.cognitivemarketresearch.com/speech-recognition-market-report
Speech-to-Text API Market:
https://www.cognitivemarketresearch.com/speech-to-text-api-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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