Global Speech and Voice Analytic Technology Market Growth (Status and Outlook) 2025-2031

The global Speech and Voice Analytic Technology market size is predicted to grow from US$ 1538 million in 2025 to US$ 2035 million in 2031; it is expected to grow at a CAGR of 4.8% from 2025 to 2031.

Speech Analytics Technology typically analyses business-to-consumer (B2C) communications in real-time by combining powerful NLP technology with machine learning and artificial intelligence.

The global Speech and Voice Analytic Technology Market refers to the market for technology and solutions that analyze and interpret spoken language and voice data. This technology utilizes various techniques, including natural language processing (NLP) and machine learning algorithms, to extract meaningful insights from speech data.

The Speech and Voice Analytic Technology Market has been experiencing significant growth in recent years. This can be attributed to the increasing adoption of voice-based applications and the growing demand for effective communication and interaction tools across various industries.

One of the primary drivers of this market is the rising need for voice analytics solutions in customer service and support. Companies are increasingly using speech and voice analytics tools to analyze customer interactions and improve customer experience. This technology helps companies identify customer sentiment, analyze call center interactions, and extract valuable insights to enhance their services and products.

Moreover, the integration of speech and voice analytics with advanced technologies such as artificial intelligence (AI) and cloud computing has further fueled market growth. AI-powered speech analytics solutions have the capability to understand spoken language in real-time and provide advanced insights for applications like voice assistants, voice-controlled smart devices, and voice biometrics.

The market is also witnessing growth due to the increasing prevalence of fraud in various industries, including banking, insurance, and e-commerce. Speech and voice analytics technology can be utilized to detect fraudulent activities by analyzing voice patterns and identifying suspicious behavior.

However, this market is not without its challenges. Privacy and security concerns surrounding the collection and analysis of voice data may hinder market growth. Additionally, language barriers and the need for accurate speech recognition in diverse languages pose challenges for global adoption.

Overall, the global Speech and Voice Analytic Technology Market is expected to continue its growth trajectory as organizations recognize the value of voice data and invest in advanced analytics solutions to gain insights and improve their operations.

LPI (LP Information)' newest research report, the “Speech and Voice Analytic Technology Industry Forecast” looks at past sales and reviews total world Speech and Voice Analytic Technology sales in 2024, providing a comprehensive analysis by region and market sector of projected Speech and Voice Analytic Technology sales for 2025 through 2031. With Speech and Voice Analytic Technology sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Speech and Voice Analytic Technology industry.

This Insight Report provides a comprehensive analysis of the global Speech and Voice Analytic Technology landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Speech and Voice Analytic Technology portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Speech and Voice Analytic Technology market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Speech and Voice Analytic Technology and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Speech and Voice Analytic Technology.

This report presents a comprehensive overview, market shares, and growth opportunities of Speech and Voice Analytic Technology market by product type, application, key players and key regions and countries.

Segmentation by Type:
Speech Engine
Indexing and Query Tools
Reporting and Visualization Tools
Quality Management
Root Cause Analysis
Others

Segmentation by Application:
BFSI
IT and Telecom
Media and Entertainment
Healthcare and Life Sciences
Retail and E-Commerce
Travel Industry
Government and Defense
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Google
Amazon Web Services (AWS)
Avaya Inc.
Verint System Inc.
CallMiner
Nexidia
Nice Systems
Calabrio
Genesys Telecommunications
Micro Focus International PLC
Nuance Communications
OpenText Corporation
VoiceBase
Voci Technologies
Uniphore
Speechmatics

Please note: The report will take approximately 2 business days to prepare and deliver.