Global Voice and Speech Analytics Market 2024-2028
Voice And Speech Analytics Market 2024-2028
The voice and speech analytics market is forecasted to grow by USD 3765.3 mn during 2023-2028, accelerating at a CAGR of 19.52% during the forecast period. The report on the voice and speech analytics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growth in emotion analytics, demand from growing business process outsourcing (BPO) sector, and adoption of speech analytics for financial trading.
Technavio's voice and speech analytics market is segmented as below:
By End-user
- Large enterprise
- Small and medium enterprise
By Component
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the growing use of AI integrated with voice and speech analytics as one of the prime reasons driving the voice and speech analytics market growth during the next few years. Also, proliferation of predictive analytics in voice and speech analytics and increasing demand for monitoring employee emotions will lead to sizable demand in the market.
The report on the voice and speech analytics market covers the following areas:
- Voice and speech analytics market sizing
- Voice and speech analytics market forecast
- Voice and speech analytics market industry analysis
The vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading voice and speech analytics market vendors that include audEERING GmbH, Avaya LLC, Calabrio Inc., CallMiner Inc., Castel Communications LLC, Dialpad Inc., Enghouse Systems Ltd., Genesys Telecommunications Laboratories Inc., Invoca Inc., Liveperson Inc., Marchex Inc, NICE Ltd., Qualtrics LLC, Sabio Ltd. Co., Talkdesk Inc., ThoughtSpot Inc., Uniphore Technologies Inc., Verint Systems Inc., Voci Technologies Inc., and VoiceSense Ltd. Also, the voice and speech analytics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The company presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.