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Speech Analytics Market Global Share, Size, Growth, Trends, AnalysisSpeech Analytics Market Snapshot Market Research Future (MRFR) has revealed in its latest report that the valuation of global speech analytics market will reach USD 1.75 Bn growing at 23% CAGR from 2016 to 2022. The adoption of speech analytics technology for a decade has been unabating due to its proficiency in enabling enterprises to perform and control the tasks of management efficiently. The technology has been successful in finding ways to penetrate sectors such as banking, healthcare, insurance, retail, sales, etc. The major factors contributing to growth of speech analytics market are the increasing need for customer relationship management, rise in level of competitiveness amongst the existing players, new product development, and rigorous management. Risk management along with rising requirements for compliance is also attributing to the growth rate. The demand for this market increases with experience and knowledge of third party resources for implementation of such solutions. A major driving force for the speech analytics market is the growing customer interaction by various channels such as voice, social channels, and surveys. The major restraining factor of this sector is the associated high costs especially the cost of software licensing. The prominent players in the Speech Analytics Market are- Genesys Telecommunication Laboratories, Inc. (U.S.), NICE Systems Ltd. (Israel), HP Enterprise (U.S.), Calabridge, Inc. (U.S.), Castel communications LLC (U.S.), Verint Systems, Inc. (U.S.), Callminer, Inc. (U.S.), Avaya, Inc. (U.S.), Calabrio, Inc. (US), and, Aspect Software Inc. (U.S.). Get Sample Report @ <a <a href=”https://www.marketresearchfuture.com/reports/speech-analytics-market-2057">https://www.marketresearchfuture.com/reports/speech-analytics-market-2057</a> Speech Analytics Market Segmentation: The Global Speech Analytics Market has been segmented on the basis of type, deployment and organization size. Types include – Solutions such as analysis and query tools, dash boards and reporting tool, indexing and speech engine and Services among others. The deployment includes- cloud and on-premise. T he organization size includes- large enterprises and small & medium enterprises. The technology is used in several end-users sectors such as BFSI, entertainment, government, retail, IT& Telecom and healthcare among others. Speech Analytics Market Regional Analysis: By region, the speech analytics market has been segmented into Europe, Asia Pacific, North America, and, Rest of the World (RoW). North America market will account for the most significant share in the market throughout the assessment period. The concentration of major market players such as HP Enterprise, Genesys Telecommunication Laboratories, Inc., Callminer, Inc., Castel communications LLC, etc. has accelerated the rate of market expansion in the region. The early adoption of the technology in this region has catalyzed the large-scale market penetration. Europe market will thrive due to increasing demand over the forecast period. Asia Pacific market will exhibit steepest growth curve due to the immense opportunities posed by the emerging economies such as China, India, Japan, etc. The growing economies with booming sectors such as healthcare, IT, BFSI, etc. are fueling the demand for speech analytics technology in the region. Furthermore, the increasing rate of technology adoption will accelerate the rate of demand generation in the market. The Rest of the World region will demonstrate growth due to increased demand. Browse Full Report @ <a href=”https://www.marketresearchfuture.com/reports/speech-analytics-market-2057”>https://www.marketresearchfuture.com/reports/speech-analytics-market-2057</a> Competitive Dashboard: Some of the key players profiled by MRFR are Genesys Telecommunication Laboratories, Inc. (U.S.), NICE Systems Ltd. (Israel), HP Enterprise (U.S.), Calabridge, Inc. (U.S.), Castel communications LLC (U.S.), Verint Systems, Inc. (U.S.), Callminer, Inc. (U.S.), Avaya, Inc. (U.S.), Calabrio, Inc. (US), and, Aspect Software Inc. (U.S.). The competitive landscape of global speech analytics market represents robust competition with prominent players implementing strategies such as mergers & acquisitions, partnerships, agreements, etc. to gain a competitive edge over others. The investments in research & development activities, innovative production technologies, expansion of product portfolios are some of the tactics employed by key players that lead to market growth and expansion. About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. Contact: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune – 411028, Maharashtra, India +1 646 845 9312 Email: [email protected] As a community-building service, TMCnet allows user submitted content which is not always proofed by TMCnet editors. If you feel this entry is of inferior quality or wish to report it for some reason, please forward the URL to "webedit [AT] tmcnet [DOT] com" with your comments. |