Published by news degree
Posted on August 3, 2021
The Speech Analytics Market is expected to reach USD 4.24 Billion by 2026, according to a new report by Reports and Data. Speech analytics is used to detect and analyze spoken words that produce structure to interactions and exhibit information buried in the communication between the customer contact centers and companies. Speech analytics adoption maximizes workforce enforcement and improves customer experience.
Growing focus on higher customer satisfaction is one of the essential factors kindling the growth of this market. Cloud-based speech analytics solutions are anticipated to develop the speech analytics. As a result, it will present growth opportunities for the market.
The market in the APAC region is expected to witness the highest CAGR of 19.0% during the forecast period. The speech analytics market in the Asia-Pacific region is one of the emerging markets focusing on several domains, such as telecommunications and IT and BFSI verticals. Due to the adoption in potential countries such as India, Japan, China, and Australia, the market is expanding at a fast speed. The rising number of call centers is one of the significant factors for the market growth. Thousands of calls are recorded in call centers to enhance customer experience, upgrade service quality, decrease operating costs, and find out different opportunities.
Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/2292
Key participants include
Verint Systems Inc., Hewlett Packard Enterprise Company, NICE Ltd., CallMiner Inc., Avaya Holdings Corporation, Genesys Telecommunications Laboratories Inc., Aspect Software Inc., Castel Communications, Clarabridge Inc., Zoom International, and Calabrio Inc.
Further key findings from the report suggest
The Speech Analytics Market is estimated to reach USD 4.24 Billion by 2026, at a CAGR of 18.6% during the forecast period.
The solution component accounted for a larger share of 65.1% of the market in 2018.
The cloud deployment is anticipated to grow at a higher rate of 19.3% during the forecast period.
The IT & Telecommunications application segment is anticipated to grow at the highest rate of 18.7% during the forecast period.
The Small & Medium Enterprises (SMEs) organization is anticipated to grow at a higher rate of 19.1% during the forecast period.
The North America region accounted for the largest share of 29.3% of the market in 2018. The booming service industry in the region and growing number of contact centers, which are outsourced and can be administered by speech analytics solution, are boosting the growth of the market in this region. The presence of a number of big industries, significant IT spending, and technological progress are some of the other factors that are boosting the growth of the market in the region.
Various players are developing strategies to mark their presence in the industry.
Request for Custom Research @ https://www.reportsanddata.com/request-customization-form/2292
For this report, Reports and Data have segmented into the global Speech Analytics market on the basis of resin type, composite phases, industry vertical, and region:
Deployment Outlook (Revenue, USD Million; 2016-2026)
On-Premise
Cloud
Component Outlook (Revenue, USD Million; 2016-2026)
Solutions
Services
Application Outlook (Revenue, USD Million; 2016-2026)
BFSI
IT & Telecom
Energy and Utilities
Retail and Ecommerce
Others
Organization size Outlook (Revenue, USD Million; 2016-2026)
Large Enterprises
Small & Medium Enterprises (SMEs)
Regional Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
Buy now your Exclusive copy of Report @ https://www.reportsanddata.com/checkout-form/2292
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About Reports and Data
Reports and Data 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 client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs
The post Speech Analytics Market Revenue, Trends, Market Share Analysis, and Forecast to 2026 | Reports And Data first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.
The Speech Analytics Market is expected to reach USD 4.24 Billion by 2026, according to a new report by Reports and Data. Speech analytics is used to detect and analyze spoken words that produce structure to interactions and exhibit information buried in the communication between the customer contact centers and companies. Speech analytics adoption maximizes workforce enforcement and improves customer experience.
Growing focus on higher customer satisfaction is one of the essential factors kindling the growth of this market. Cloud-based speech analytics solutions are anticipated to develop the speech analytics. As a result, it will present growth opportunities for the market.
The market in the APAC region is expected to witness the highest CAGR of 19.0% during the forecast period. The speech analytics market in the Asia-Pacific region is one of the emerging markets focusing on several domains, such as telecommunications and IT and BFSI verticals. Due to the adoption in potential countries such as India, Japan, China, and Australia, the market is expanding at a fast speed. The rising number of call centers is one of the significant factors for the market growth. Thousands of calls are recorded in call centers to enhance customer experience, upgrade service quality, decrease operating costs, and find out different opportunities.
Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/2292
Key participants include
Verint Systems Inc., Hewlett Packard Enterprise Company, NICE Ltd., CallMiner Inc., Avaya Holdings Corporation, Genesys Telecommunications Laboratories Inc., Aspect Software Inc., Castel Communications, Clarabridge Inc., Zoom International, and Calabrio Inc.
Further key findings from the report suggest
The Speech Analytics Market is estimated to reach USD 4.24 Billion by 2026, at a CAGR of 18.6% during the forecast period.
The solution component accounted for a larger share of 65.1% of the market in 2018.
The cloud deployment is anticipated to grow at a higher rate of 19.3% during the forecast period.
The IT & Telecommunications application segment is anticipated to grow at the highest rate of 18.7% during the forecast period.
The Small & Medium Enterprises (SMEs) organization is anticipated to grow at a higher rate of 19.1% during the forecast period.
The North America region accounted for the largest share of 29.3% of the market in 2018. The booming service industry in the region and growing number of contact centers, which are outsourced and can be administered by speech analytics solution, are boosting the growth of the market in this region. The presence of a number of big industries, significant IT spending, and technological progress are some of the other factors that are boosting the growth of the market in the region.
Various players are developing strategies to mark their presence in the industry.
Request for Custom Research @ https://www.reportsanddata.com/request-customization-form/2292
For this report, Reports and Data have segmented into the global Speech Analytics market on the basis of resin type, composite phases, industry vertical, and region:
Deployment Outlook (Revenue, USD Million; 2016-2026)
On-Premise
Cloud
Component Outlook (Revenue, USD Million; 2016-2026)
Solutions
Services
Application Outlook (Revenue, USD Million; 2016-2026)
BFSI
IT & Telecom
Energy and Utilities
Retail and Ecommerce
Others
Organization size Outlook (Revenue, USD Million; 2016-2026)
Large Enterprises
Small & Medium Enterprises (SMEs)
Regional Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
Buy now your Exclusive copy of Report @ https://www.reportsanddata.com/checkout-form/2292
Have a Look at Related Reports:
Remote Connectivity Solution Market By Component (Software, And Services), By Technology (Ipsec Vpn, Direct Access, and Ssl Vpn), By Organization Size (SMEs, And Large Enterprises), And By Industry Vertical, Forecasts To 2027
Desktop Virtualization Market Analysis, By Type (Virtual Desktop Infrastructure, Remote Desktop Services, DaaS), By Deployment Mode, By Model (Persistent, Non-Persistent), By Organization Size, By End-Use Verticals (IT & Telecommunication, BFSI Sectors), Forecasts To 2027
Commercial Drones Market By Product Type (Fixed Wing Drone, Rotary Blade Drone, Hybrid Drone), By Application, By Mode Of Operation, By Industry Vertical (Agriculture, Delivery & Logistics, Media & Entertainment Energy), Forecasts To 2027
Conversational AI Platform Market By Type (Chatbots and Intelligent Virtual Assistant), By Application Type (IT Service, Customer Service, Administrative And Business Management, Marketing, And Advertising, And Others), By Technology (Machine Learning, Automated Speech Recognition, Natural Language Processing, Natural Language Generation And Others, And Region-Global Forecast To 2027
Encyclopaedia Software Market By Type (Subscription, Searching), Application Type (Personal, Institution And Organisation), And Region- Global Forecast To 2027
About Reports and Data
Reports and Data 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 client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs
The post Speech Analytics Market Revenue, Trends, Market Share Analysis, and Forecast to 2026 | Reports And Data first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.
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