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The speech to text API market is forecasted to grow by USD 3,269.94 mn during 2022-2027, accelerating at a CAGR of 19% during the forecast period. The report on the speech to text API market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
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 increasing adoption of technologically advanced mobile devices, demand from the growing business process outsourcing (bpo) sector, and adoption of speech-to-text api for financial trading.
The speech to text API market is segmented as below:
By Component
- Software
- Services
By Deployment
- On-premises
- Cloud-based
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
The report on the speech to text API market covers the following areas:
- Speech to text API market sizing
- Speech to text API market forecast
- Speech to text API market industry analysis
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 publisher 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.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Component
7 Market Segmentation by Deployment
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
List of Exhibits
Executive Summary
The publisher recognizes the following companies as the key players in the global speech to text API market: Alphabet Inc., Amazon.com Inc., Baidu Inc., Cantab Research Ltd., Deepgram Inc., GoVivace Inc., iFLYTEK Co. Ltd., International Business Machines Corp., Liveperson Inc., Meta Platforms Inc., Microsoft Corp., Otter.ai Inc., Rev.com Inc., SoundHound AI Inc., Telefonaktiebolaget LM Ericsson, Twilio Inc., Verint Systems Inc., Vocapia Research SAS, VoiceCloud LLC, and VoxSciences Ltd.Commenting on the report, an analyst from the research team said: 'The latest trend gaining momentum in the market is growing use of AI integrated with speech-to-text API.'
According to the report, one of the major drivers for this market is the increasing adoption of technologically advanced mobile devices.
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 a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Alphabet Inc.
- Amazon.com Inc.
- Baidu Inc.
- Cantab Research Ltd.
- Deepgram Inc.
- GoVivace Inc.
- iFLYTEK Co. Ltd.
- International Business Machines Corp.
- Liveperson Inc.
- Meta Platforms Inc.
- Microsoft Corp.
- Otter.ai Inc.
- Rev.com Inc.
- SoundHound AI Inc.
- Telefonaktiebolaget LM Ericsson
- Twilio Inc.
- Verint Systems Inc.
- Vocapia Research SAS
- VoiceCloud LLC
- VoxSciences Ltd.
