Wednesday, February 8, 2023
Home Business Speech Analytics Market Analysis, Size, Share, Price, Trends, Growth, Report, Forecast 2023-2028

Speech Analytics Market Analysis, Size, Share, Price, Trends, Growth, Report, Forecast 2023-2028

The new report by Expert Market Research titled, ‘Global Speech Analytics Market Analysis, Share, Price, Trends, Growth, Report and Forecast 2023-2028’, gives an in-depth analysis of the global speech analytics market, assessing the market based on its segments like type, deployment, enterprise size, end-user, and major regions.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

The key highlights of the report include:

Market Overview (2018-2028)

• Forecast CAGR (2023-2028): 10.2%

The demand for speech analytics is being driven by the lack of citizenry to record and decipher a mess of customer concerns. Speech analytics tools help organisations automatically and intelligently evaluate unstructured data acquired from customer interactions to reinforce customer experience, therefore adding to the market growth. Moreover, thanks to the growing requirement for risk and compliance management, organisations are increasingly adopting speech analytics for consumer management to retain their customers and attract new ones, thus, bolstering the market growth.

Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/speech-analytics-market/requestsample

Speech analytics saves costs and time, propelling the market growth, thus, eliminating the need to conduct elaborate surveys, Cloud-based real-time speech analytics are being rapidly deployed by enterprises to assist in quick and effective decision-making, thereby further invigorating the expansion of the speech analytics industry.

Moreover, speech analytics substantially contributes to decision and policy-making strategies because the software enables organisations to automatically monitor recent and historical conversations, hence, catalysing the market growth. With more companies providing affordable on-premise and cloud based services, the market is predicted to rise in small and medium enterprises.

Industry Definition and Major Segments

Speech analytics may be a software that evaluates voice calls and derives deep insights from the conversation, which helps business owners to make a customer-friendly environment. The software can spot keywords that aid in policy-shaping and is being increasingly deployed by several small and large-scale industries.

Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/speech-analytics-market

Based on type, the market can be broadly divided into:

• Solution
• Service

Based on deployment, the market can be broadly divided into:

• On-Premise
• Cloud

The market can be broadly divided based on its enterprise size into:

• Small and Medium Enterprises
• Large Enterprises

The speech analytics market can be broadly divided based on its end user segments into:

• BFSI
• Telecommunication
• IT
• Retail
• Healthcare
• Government
• Hospitality

On the Basis of region, the market can be divided into:

• North America
• Europe
• The Asia Pacific
• Latin America
• Middle East and Africa

Market Trends

The increased implementation of speech analytics within the hospitality sector is anticipated to spice up the market growth within the coming years. Speech analytics allows callers to convert into potential customers, boosting the hospitality sector. The AI-powered speech analytic tools enable an evaluated study of customer interaction by highlighting crucial words or phrases, aiding in deciding and policy-shaping, thus, augmenting the industry growth.

The travel industry can use speech analytics to supply a personalised customer experience, as the development of advanced interaction tools has resulted in the expansion of the worldwide travel sector. The deployment of speech analytics within the retail sector is anticipated to substantially increase the market growth.

The speech analytics software enables retailers to capture customer data during a speedy and effective manner, thereby aiding in improved customer experience, quality of services, and store operations, which is predicted to surge its demand. Additionally, the rising deployment of speed analytics by multi-branded retailers enables them to forward the recorded customer interactions to the precise brand and is projected to support the market growth within the upcoming years.

Key Market Players

The major players in the market are ASC Technologies, Avaya, Calabrio, CallMiner, Clarabridge, Genesys and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

Related Reports:

Fire Sprinklers Market- https://www.marketwatch.com/press-release/fire-sprinklers-market-growth-size-share-price-trends-analysis-report-forecast-2021-2026-2022-11-21?mod=search_headline

Warehousing and Storage Market- https://www.marketwatch.com/press-release/warehousing-and-storage-market-growth-size-share-price-trends-report-forecast-2021-2026-2022-11-17?mod=search_headline

Frozen Fruits and Vegetables Market- https://www.marketwatch.com/press-release/frozen-fruits-and-vegetables-market-price-size-share-trends-growth-report-forecast-2022-2027-2022-11-21?mod=search_headline

Indian Sanitary Napkin Market- https://www.marketwatch.com/press-release/indian-sanitary-napkin-market-price-size-share-trends-report-forecast-2022-2027-2022-11-30?mod=search_headline

About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

Media Contact

Company Name: Claight Corporation
Contact Person: Ana John, Business Consultant
Email: sales@expertmarketresearch.com
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com

RELATED ARTICLES

Lanolin Market Size, Share, Price, Trends, Growth, Analysis, Report, Forecast 2023-2028

The new report by Expert Market Research titled, ‘Global Lanolin Market Size, Share, Price, Trends, Growth, Report and Forecast 2023-2028’, gives an in-depth...

How Cost Audi maintenance as compared to Standard in 2023?

Audi maintenance come with a greater quality of performance, comfort, and features than the basic vehicles available. Contrary to what many people...

Customized Packaging for Your Compacts Custom Compact Boxes

Compact makeup products such as powder, blusher, and bronzer are essential for most women. Compact packaging plays a vital role in protecting...
- Advertisment -

Most Popular

The History And Evolution Of Vintage Leather Jackets

Leather jackets have been a staple in many people's wardrobes for more than a century thanks to its long history in fashion...

What Is An Industrial PoE Switch And How It Can Help Your Business Grow?

Power over Ethernet (PoE) switches are an integral part of modern industrial networks. They are used to...

The benefits of using social networking

Global Search Council is a social media marketing services company in San Francisco. They provide marketing and communication services for businesses of...

Europe Fish Market To Be Driven By The Growth In The Popularity Of Seafood In The Forecast Period Of 2023-2028

The new report by Expert Market Research titled, ‘Europe Fish Market Price, Trends, Growth, Analysis, Report and Forecast 2023-2028’, gives an in-depth...

Recent Comments