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Market Research Report
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1045662

Global Speech-to-text API Market Size study, by Component, by Application and Regional Forecasts 2021-2027

Published: | Bizwit Research & Consulting LLP | Delivery time: 2-3 business days

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Global Speech-to-text API Market Size study, by Component, by Application and Regional Forecasts 2021-2027
Published: January 8, 2022
Bizwit Research & Consulting LLP
Delivery time: 2-3 business days
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Description

Global Speech-to-text API Market is valued at approximately USD 1.85 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 19.00 % over the forecast period 2021-2027. Speech-to-text API is a type of walk-in clinic that provides ambulatory care in a dedicated medical facility outside of a conventional emergency room (ER). Also, the Speech-to-text API is used for treating injuries and illnesses that need immediate care. The rising need for voice-based devices coupled with the proliferation of smartphones, increasing usage of speech and voice technology for transcription has led to the adoption of Speech-to-text API across the forecast period. For Instance: As per Statista, approximately 64 percent of surveyed experts within the industries of E-learning and market research used speech-to-text automated transcription in 2020. 25 percent of the respondents from the market research industry reported the use of automated transcription on a monthly basis. Also, with the innovation in speech-to-text solutions for temporarily and permanently disabled students, the adoption & demand for Speech-to-text API is likely to increase the market growth during the forecast period. However, transcribing audio from multi-channels impedes the growth of the market over the forecast period of 2021-2027.

The key regions considered for the global Speech-to-text API market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to the huge spending on technology and easy availability of solutions with a significant presence of vendors. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027. Factors such as urbanization, rising population would create lucrative growth prospects for the Speech-to-text API market across Asia-Pacific region.

Major market players included in this report are:

VoiceBase (US)

Google (US)

Microsoft (US)

AWS (US)

IBM (US)

Verint (US)

Baidu (China)

Twilio (US)

Speechmatics (UK)

VoiceCloud (US)

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component:

Software

Services

By Application:

Risk and Compliance Management

Fraud Detection and Prevention

Customer Management

Content Transcription

Contact Center Management

Subtitle Generation

Other Applications

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019

Base year - 2020

Forecast period - 2021 to 2027

Target Audience of the Global Speech-to-text API Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Table of Contents

Table of Contents

Chapter 1. Executive Summary

  • 1.1. Market Snapshot
  • 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
    • 1.2.1. Global Speech-to-text API Market, by Region, 2019-2027 (USD Billion)
    • 1.2.2. Global Speech-to-text API Market, by Component, 2019-2027 (USD Billion)
    • 1.2.3. Global Speech-to-text API Market, by Application, 2019-2027 (USD Billion)
  • 1.3. Key Trends
  • 1.4. Estimation Methodology
  • 1.5. Research Assumption

Chapter 2. Global Speech-to-text API Market Definition and Scope

  • 2.1. Objective of the Study
  • 2.2. Market Definition & Scope
    • 2.2.1. Scope of the Study
    • 2.2.2. Industry Evolution
  • 2.3. Years Considered for the Study
  • 2.4. Currency Conversion Rates

Chapter 3. Global Speech-to-text API Market Dynamics

  • 3.1. Speech-to-text API Market Impact Analysis (2019-2027)
    • 3.1.1. Market Drivers
      • 3.1.1.1. Rising need for voice-based devices coupled with the proliferation of smartphones
      • 3.1.1.2. Increasing usability of speech and voice technology for transcription
    • 3.1.2. Market Challenges
      • 3.1.2.1. Transcribing audio from multi-channels
    • 3.1.3. Market Opportunities
      • 3.1.3.1. Innovation in speech-to-text solutions for temporarily and permanently disabled students

Chapter 4. Global Speech-to-text API Market Industry Analysis

  • 4.1. Porter's 5 Force Model
    • 4.1.1. Bargaining Power of Suppliers
    • 4.1.2. Bargaining Power of Buyers
    • 4.1.3. Threat of New Entrants
    • 4.1.4. Threat of Substitutes
    • 4.1.5. Competitive Rivalry
    • 4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2027)
  • 4.2. PEST Analysis
    • 4.2.1. Political
    • 4.2.2. Economical
    • 4.2.3. Social
    • 4.2.4. Technological
  • 4.3. Investment Adoption Model
  • 4.4. Analyst Recommendation & Conclusion
  • 4.5. Top investment opportunity
  • 4.6. Top winning strategies

Chapter 5. Risk Assessment: COVID-19 Impact

    • 5.1.1. Assessment of the overall impact of COVID-19 on the industry
    • 5.1.2. Pre COVID-19 and post COVID-19 market scenario

Chapter 6. Global Speech-to-text API Market, by Component

  • 6.1. Market Snapshot
  • 6.2. Global Speech-to-text API Market by Component, Performance - Potential Analysis
  • 6.3. Global Speech-to-text API Market Estimates & Forecasts by Component, 2018-2027 (USD Billion)
  • 6.4. Speech-to-text API Market, Sub Segment Analysis
    • 6.4.1. Software
    • 6.4.2. Services

Chapter 7. Global Speech-to-text API Market, by Application

  • 7.1. Market Snapshot
  • 7.2. Global Speech-to-text API Market by Application, Performance - Potential Analysis
  • 7.3. Global Speech-to-text API Market Estimates & Forecasts by Application, 2018-2027 (USD Billion)
  • 7.4. Speech-to-text API Market, Sub Segment Analysis
    • 7.4.1. Risk and Compliance Management
    • 7.4.2. Fraud Detection and Prevention
    • 7.4.3. Customer Management
    • 7.4.4. Content Transcription
    • 7.4.5. Contact Center Management
    • 7.4.6. Subtitle Generation
    • 7.4.7. Other Applications

Chapter 8. Global Speech-to-text API Market, Regional Analysis

  • 8.1. Speech-to-text API Market, Regional Market Snapshot
  • 8.2. North America Speech-to-text API Market
    • 8.2.1. U.S. Speech-to-text API Market
      • 8.2.1.1. Component breakdown estimates & forecasts, 2018-2027
      • 8.2.1.2. Application breakdown estimates & forecasts, 2018-2027
    • 8.2.2. Canada Speech-to-text API Market
  • 8.3. Europe Speech-to-text API Market Snapshot
    • 8.3.1. U.K. Speech-to-text API Market
    • 8.3.2. Germany Speech-to-text API Market
    • 8.3.3. France Speech-to-text API Market
    • 8.3.4. Spain Speech-to-text API Market
    • 8.3.5. Italy Speech-to-text API Market
    • 8.3.6. Rest of Europe Speech-to-text API Market
  • 8.4. Asia-Pacific Speech-to-text API Market Snapshot
    • 8.4.1. China Speech-to-text API Market
    • 8.4.2. India Speech-to-text API Market
    • 8.4.3. Japan Speech-to-text API Market
    • 8.4.4. Australia Speech-to-text API Market
    • 8.4.5. South Korea Speech-to-text API Market
    • 8.4.6. Rest of Asia Pacific Speech-to-text API Market
  • 8.5. Latin America Speech-to-text API Market Snapshot
    • 8.5.1. Brazil Speech-to-text API Market
    • 8.5.2. Mexico Speech-to-text API Market
  • 8.6. Rest of The World Speech-to-text API Market

Chapter 9. Competitive Intelligence

  • 9.1. Top Market Strategies
  • 9.2. Company Profiles
    • 9.2.1. VoiceBase (US)
      • 9.2.1.1. Key Information
      • 9.2.1.2. Overview
      • 9.2.1.3. Financial (Subject to Data Availability)
      • 9.2.1.4. Product Summary
      • 9.2.1.5. Recent Developments
    • 9.2.2. Google (US)
    • 9.2.3. Microsoft (US)
    • 9.2.4. AWS (US)
    • 9.2.5. IBM (US)
    • 9.2.6. Verint (US)
    • 9.2.7. Baidu (China)
    • 9.2.8. Twilio (US)
    • 9.2.9. Speechmatics (UK)
    • 9.2.10. VoiceCloud (US)

Chapter 10. Research Process

  • 10.1. Research Process
    • 10.1.1. Data Mining
    • 10.1.2. Analysis
    • 10.1.3. Market Estimation
    • 10.1.4. Validation
    • 10.1.5. Publishing
  • 10.2. Research Attributes
  • 10.3. Research Assumption

LIST OF TABLES

  • TABLE 1. Global Speech-to-text API market, report scope
  • TABLE 2. Global Speech-to-text API market estimates & forecasts by Region 2018-2027 (USD Billion)
  • TABLE 3. Global Speech-to-text API market estimates & forecasts by Component 2018-2027 (USD Billion)
  • TABLE 4. Global Speech-to-text API market estimates & forecasts by Application 2018-2027 (USD Billion)
  • TABLE 5. Global Speech-to-text API market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 6. Global Speech-to-text API market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 7. Global Speech-to-text API market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 8. Global Speech-to-text API market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 9. Global Speech-to-text API market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 10. Global Speech-to-text API market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 11. Global Speech-to-text API market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 12. Global Speech-to-text API market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 13. Global Speech-to-text API market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 14. Global Speech-to-text API market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 15. U.S. Speech-to-text API market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 16. U.S. Speech-to-text API market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 17. U.S. Speech-to-text API market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 18. Canada Speech-to-text API market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 19. Canada Speech-to-text API market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 20. Canada Speech-to-text API market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 21. UK Speech-to-text API market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 22. UK Speech-to-text API market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 23. UK Speech-to-text API market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 24. Germany Speech-to-text API market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 25. Germany Speech-to-text API market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 26. Germany Speech-to-text API market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 27. RoE Speech-to-text API market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 28. RoE Speech-to-text API market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 29. RoE Speech-to-text API market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 30. China Speech-to-text API market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 31. China Speech-to-text API market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 32. China Speech-to-text API market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 33. India Speech-to-text API market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 34. India Speech-to-text API market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 35. India Speech-to-text API market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 36. Japan Speech-to-text API market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 37. Japan Speech-to-text API market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 38. Japan Speech-to-text API market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 39. RoAPAC Speech-to-text API market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 40. RoAPAC Speech-to-text API market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 41. RoAPAC Speech-to-text API market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 42. Brazil Speech-to-text API market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 43. Brazil Speech-to-text API market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 44. Brazil Speech-to-text API market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 45. Mexico Speech-to-text API market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 46. Mexico Speech-to-text API market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 47. Mexico Speech-to-text API market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 48. RoLA Speech-to-text API market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 49. RoLA Speech-to-text API market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 50. RoLA Speech-to-text API market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 51. Row Speech-to-text API market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 52. Row Speech-to-text API market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 53. Row Speech-to-text API market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 54. List of secondary sources, used in the study of global Speech-to-text API market
  • TABLE 55. List of primary sources, used in the study of global Speech-to-text API market
  • TABLE 56. Years considered for the study
  • TABLE 57. Exchange rates considered

LIST OF FIGURES

List of figures

  • FIG 1. Global Speech-to-text API market, research methodology
  • FIG 2. Global Speech-to-text API market, market estimation techniques
  • FIG 3. Global market size estimates & forecast methods
  • FIG 4. Global Speech-to-text API market, key trends 2020
  • FIG 5. Global Speech-to-text API market, growth prospects 2021-2027
  • FIG 6. Global Speech-to-text API market, porters 5 force model
  • FIG 7. Global Speech-to-text API market, pest analysis
  • FIG 8. Global Speech-to-text API market, value chain analysis
  • FIG 9. Global Speech-to-text API market by segment, 2018 & 2027 (USD Billion)
  • FIG 10. Global Speech-to-text API market by segment, 2018 & 2027 (USD Billion)
  • FIG 11. Global Speech-to-text API market by segment, 2018 & 2027 (USD Billion)
  • FIG 12. Global Speech-to-text API market by segment, 2018 & 2027 (USD Billion)
  • FIG 13. Global Speech-to-text API market by segment, 2018 & 2027 (USD Billion)
  • FIG 14. Global Speech-to-text API market, regional snapshot 2018 & 2027
  • FIG 15. North America Speech-to-text API market 2018 & 2027 (USD Billion)
  • FIG 16. Europe Speech-to-text API market 2018 & 2027 (USD Billion)
  • FIG 17. Asia pacific Speech-to-text API market 2018 & 2027 (USD Billion)
  • FIG 18. Latin America Speech-to-text API market 2018 & 2027 (USD Billion)
  • FIG 19. Global Speech-to-text API market, company market share analysis (2020)