The global Speech-to-text API Market is expected to be around US$ 4.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 20.5% during the forecast period.
Speech-to-text API is an interdisciplinary subfield of computational morphology that grows methods and technologies that allows the recognition and translation of spoken language into text by computers. It is also known as involuntary speech recognition, computer speech recognition or speech to text. It includes acquaintance and research in the linguistics, computer science, and electrical engineering fields. From the technology perspective, Speech-to-text API features a long history with several waves of major innovations. last, the sector has helped from advances in deep learning and large data. The advances are proved not only by the surge of educational papers published within the field, but more importantly by the worldwide industry adoption of a spread of deep learning methods in designing and deploying speech recognition systems. The Speech-to-text API Market offers up-to-date information on current and future industry trends, allowing readers to spot products and services to extend revenue development and profitability. This research report provides in-depth study of all key factors moving global and regional markets, including drivers, imprisonment, threats, challenges, opportunities and industry-specific trends. This report cites worldwide trust and specimens with leading player’s downstream and upstream analysis.
The global Speech-to-text API market is segregated on the basis of Application as Customer Management, Content Transcription, Risk and Compliance Management, Fraud Detection and Prevention, and Others. Based on Component the global Speech-to-text API market is segmented in Services and Software. Based on Organization Size the global Speech-to-text API market is segmented in Large Enterprises and Small and Medium-Sized Enterprises.
Based on Deployment Mode, the global Speech-to-text API market is segmented in On-Premises and Cloud. The report also bifurcates the global Speech-to-text API market based on Industry Vertical in Manufacturing, Media and Entertainment, Government and Defense, Travel and Hospitality, Banking, Financial Services, and Insurance, Retail and eCommerce, Telecommunications and It, Healthcare, and Others.
The global Speech-to-text API market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Speech-to-text API market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
Voicebase, Otter.AI, VOCI, GL Communications, Contus, Google, Microsoft, IBM, AWS, Nuance Communications, and others are among the major players in the global Speech-to-text API market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Speech-to-text API Market has been segmented as below:
Speech-to-text API Market, By Application
Speech-to-text API Market, By Component
Speech-to-text API Market, By Organization Size
Speech-to-text API Market, By Deployment Mode
Speech-to-text API Market, By Industry Vertical
Speech-to-text API Market, By Region
Speech-to-text API Market, By Company
The report covers:
Report Scope:
The global Speech-to-text API market report scope includes detailed study covering underlying factors influencing the industry trends.
The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.
The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Speech-to-text API market share. Major industry players with significant revenue share include Voicebase, Otter.AI, VOCI, GL Communications, Contus, Google, Microsoft, IBM, AWS, Nuance Communications, and others.
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1. Introduction
1.1 Key Insights
1.2 Report Overview
1.3 Markets Covered
1.4 Stakeholders
2. Research Methodology
2.1 Research Scope
2.2 Market Research Process
2.3 Research Data Analysis
2.4.1 Secondary Research
2.4.2 Primary Research
2.4.3 Models for Estimation
2.5 Market Size Estimation
2.5.1 Bottom-Up Approach – Segmental Market Analysis
2.5.2 Top-Down Approach – Parent Market Analysis
3. Executive Summary
4. Market Overview
4.1 Introduction
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.2 Porter’s Five Force Analysis
5. Speech-to-text API Market, By Application
5.1 Introduction
5.2 Customer Management
5.2.1 Market Overview
5.2.2 Market Size and Forecast
5.3 Content Transcription
5.3.1 Market Overview
5.3.2 Market Size and Forecast
5.4 Risk and Compliance Management
5.4.1 Market Overview
5.4.2 Market Size and Forecast
5.5 Fraud Detection and Prevention
5.5.1 Market Overview
5.5.2 Market Size and Forecast
5.6 Others
5.6.1 Market Overview
5.6.2 Market Size and Forecast
6. Speech-to-text API Market, By Component
6.1 Introduction
6.2 Services
6.2.1 Market Overview
6.2.2 Market Size and Forecast
6.3 Software
6.3.1 Market Overview
6.3.2 Market Size and Forecast
7. Speech-to-text API Market, By Organization Size
7.1 Introduction
7.2 Large Enterprises
7.2.1 Market Overview
7.2.2 Market Size and Forecast
7.3 Small and Medium-Sized Enterprises
7.3.1 Market Overview
7.3.2 Market Size and Forecast
8. Speech-to-text API Market, By Deployment Mode
8.1 Introduction
8.2 On-Premises
8.2.1 Market Overview
8.2.2 Market Size and Forecast
8.3 Cloud
8.3.1 Market Overview
8.3.2 Market Size and Forecast
9. Speech-to-text API Market, By Industry Vertical
9.1 Introduction
9.2 Manufacturing
9.2.1 Market Overview
9.2.2 Market Size and Forecast
9.3 Media and Entertainment
9.3.1 Market Overview
9.3.2 Market Size and Forecast
9.4 Government and Defense
9.4.1 Market Overview
9.4.2 Market Size and Forecast
9.5 Travel and Hospitality
9.5.1 Market Overview
9.5.2 Market Size and Forecast
9.6 Banking, Financial Services, and Insurance
9.6.1 Market Overview
9.6.2 Market Size and Forecast
9.7 Retail and eCommerce
9.7.1 Market Overview
9.7.2 Market Size and Forecast
9.8 Telecommunications and It
9.8.1 Market Overview
9.8.2 Market Size and Forecast
9.9 Healthcare
9.9.1 Market Overview
9.9.2 Market Size and Forecast
9.10 Others
9.10.1 Market Overview
9.10.2 Market Size and Forecast
10. Speech-to-text API Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 North America Speech-to-text API, By Application
10.2.2 North America Speech-to-text API, By Component
10.2.3 North America Speech-to-text API, By Organization Size
10.2.4 North America Speech-to-text API, By Deployment Mode
10.2.5 North America Speech-to-text API, By Industry Vertical
10.3 Europe
10.3.1 Europe Speech-to-text API, By Application
10.3.2 Europe Speech-to-text API, By Component
10.3.3 Europe Speech-to-text API, By Organization Size
10.3.4 Europe Speech-to-text API, By Deployment Mode
10.3.5 Europe Speech-to-text API, By Industry Vertical
10.4 Asia-Pacific
10.4.1 Asia-Pacific Speech-to-text API, By Application
10.4.2 Asia-Pacific Speech-to-text API, By Component
10.4.3 Asia-Pacific Speech-to-text API, By Organization Size
10.4.4 Asia-Pacific Speech-to-text API, By Deployment Mode
10.4.5 Asia-Pacific Speech-to-text API, By Industry Vertical
10.5 Rest of the World
10.5.1 Rest of the World Speech-to-text API, By Application
10.5.2 Rest of the World Speech-to-text API, By Component
10.5.3 Rest of the World Speech-to-text API, By Organization Size
10.5.4 Rest of the World Speech-to-text API, By Deployment Mode
10.5.5 Rest of the World Speech-to-text API, By Industry Vertical
11. Competitive Insights
11.1 Key Insights
11.2 Company Market Share Analysis
11.3 Strategic Outlook
11.3.1 Mergers & Acquisitions
11.3.2 New Product Development
11.3.3 Portfolio/Production Capacity Expansions
11.3.4 Joint Ventures, Collaborations, Partnerships & Agreements
11.3.5 Others
12. Company Profiles
12.1 Voicebase
12.1.1 Company Overview
12.1.2 Product/Service Landscape
12.1.3 Financial Overview
12.1.4 Recent Developments
12.2 Otter.AI
12.2.1 Company Overview
12.2.2 Product/Service Landscape
12.2.3 Financial Overview
12.2.4 Recent Developments
12.3 VOCI
12.3.1 Company Overview
12.3.2 Product/Service Landscape
12.3.3 Financial Overview
12.3.4 Recent Developments
12.4 GL Communications
12.4.1 Company Overview
12.4.2 Product/Service Landscape
12.4.3 Financial Overview
12.4.4 Recent Developments
12.5 Contus
12.5.1 Company Overview
12.5.2 Product/Service Landscape
12.5.3 Financial Overview
12.5.4 Recent Developments
12.6 Google
12.6.1 Company Overview
12.6.2 Product/Service Landscape
12.6.3 Financial Overview
12.6.4 Recent Developments
12.7 Microsoft
12.7.1 Company Overview
12.7.2 Product/Service Landscape
12.7.3 Financial Overview
12.7.4 Recent Developments
12.8 IBM
12.8.1 Company Overview
12.8.2 Product/Service Landscape
12.8.3 Financial Overview
12.8.4 Recent Developments
12.9 AWS
12.9.1 Company Overview
12.9.2 Product/Service Landscape
12.9.3 Financial Overview
12.9.4 Recent Developments
12.10 Nuance Communications
12.10.1 Company Overview
12.10.2 Product/Service Landscape
12.10.3 Financial Overview
12.10.4 Recent Developments
12.11 Verint
12.11.1 Company Overview
12.11.2 Product/Service Landscape
12.11.3 Financial Overview
12.11.4 Recent Developments
12.12 Speechmatics
12.12.1 Company Overview
12.12.2 Product/Service Landscape
12.12.3 Financial Overview
12.12.4 Recent Developments
12.13 Vocapia Research
12.13.1 Company Overview
12.13.2 Product/Service Landscape
12.13.3 Financial Overview
12.13.4 Recent Developments
12.14 Twilio
12.14.1 Company Overview
12.14.2 Product/Service Landscape
12.14.3 Financial Overview
12.14.4 Recent Developments
12.15 Baidu
12.15.1 Company Overview
12.15.2 Product/Service Landscape
12.15.3 Financial Overview
12.15.4 Recent Developments
12.16 Facebook
12.16.1 Company Overview
12.16.2 Product/Service Landscape
12.16.3 Financial Overview
12.16.4 Recent Developments
12.17 Iflytek
12.17.1 Company Overview
12.17.2 Product/Service Landscape
12.17.3 Financial Overview
12.17.4 Recent Developments
12.18 Govivace
12.18.1 Company Overview
12.18.2 Product/Service Landscape
12.18.3 Financial Overview
12.18.4 Recent Developments
12.19 Deepgram
12.19.1 Company Overview
12.19.2 Product/Service Landscape
12.19.3 Financial Overview
12.19.4 Recent Developments
12.20 Nexmo
12.20.1 Company Overview
12.20.2 Product/Service Landscape
12.20.3 Financial Overview
12.20.4 Recent Developments
The Speech-to-text API Market has been segmented as below:
Speech-to-text API Market, By Application
Speech-to-text API Market, By Component
Speech-to-text API Market, By Organization Size
Speech-to-text API Market, By Deployment Mode
Speech-to-text API Market, By Industry Vertical
Speech-to-text API Market, By Region
Speech-to-text API Market, By Company
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