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Global Speech-to-text API Market Drivers, Constraints, Opportunities, Threats & Challenges During the Forecast Period, 2018-2027 - ResearchAndMarkets.com

January 15, 2020 GMT

DUBLIN--(BUSINESS WIRE)--Jan 15, 2020--

The “Speech-to-text API - Global Market Outlook (2018-2027)” report has been added to ResearchAndMarkets.com’s offering.

The Global Speech-to-text API Market accounted for $1.32 billion in 2018 and is expected to reach $6.63 billion by 2027 growing at a CAGR of 20%.

Increasing adoption of smart speakers and mobile phones and stringent administrative and consistence is likely to boost the growth of the market. However, Transcribing audio from multi-channels and its exactness is likely to hamper the profit boundaries.

Speech-to-text API is an interdisciplinary subfield of computational linguistics that develops methodologies and technologies that enables the recognition and translation of spoken language into text by computers. It is also known as automatic speech recognition (ASR), computer speech recognition or speech to text (STT). It incorporates knowledge and research in the linguistics, computer science, and electrical engineering fields. From the technology perspective, Speech-to-text API has a long history with several waves of major innovations. Most recently, the field has benefited from advances in deep learning and big data. The advances are evidenced not only by the surge of academic papers published in the field, but more importantly by the worldwide industry adoption of a variety of deep learning methods in designing and deploying speech recognition systems.

What the report offers:

Key Topics Covered:

1 Executive Summary

2 Preface

2.1 Abstract

2.2 Stake Holders

2.3 Research Scope

2.4 Research Methodology

2.4.1 Data Mining

2.4.2 Data Analysis

2.4.3 Data Validation

2.4.4 Research Approach

2.5 Research Sources

2.5.1 Primary Research Sources

2.5.2 Secondary Research Sources

2.5.3 Assumptions

3 Market Trend Analysis

3.1 Introduction

3.2 Drivers

3.3 Restraints

3.4 Opportunities

3.5 Threats

3.6 Application Analysis

3.7 End User Analysis

3.8 Emerging Markets

3.9 Futuristic Market Scenario

4 Porters Five Force Analysis

4.1 Bargaining power of suppliers

4.2 Bargaining power of buyers

4.3 Threat of substitutes

4.4 Threat of new entrants

4.5 Competitive rivalry

5 Global Speech-to-text API Market, By Component

5.1 Introduction

5.2 Services

5.3 Software

5.4 Other Components

6 Global Speech-to-text API Market, By Deployment Mode

6.1 Introduction

6.2 On-Premises

6.3 Cloud

6.4 Other Development Modes

7 Global Speech-to-text API Market, By Organization Size

7.1 Introduction

7.2 Small and Medium-Sized Enterprises

7.3 Large Enterprises

7.4 Other Organization Sizes

8 Global Speech-to-text API Market, By Application

8.1 Introduction

8.2 Content Transcription

8.3 Customer Management

8.4 Fraud Detection and Prevention

8.5 Risk and Compliance Management

8.6 Other Applications

9 Global Speech-to-text API Market, By End User

9.1 Introduction

9.2 Travel and Hospitality

9.3 Telecommunications and IT

9.4 Retail and Ecommerce

9.5 Media and Entertainment

9.6 Manufacturing

9.7 Healthcare

9.8 Government and Defense

9.9 Banking, Financial Services, and Insurance

9.10 Other End Users

10 Global Speech-to-text API Market, By Geography

10.1 Introduction

10.2 North America

10.3 Europe

10.4 Asia Pacific

10.5 South America

10.6 Middle East & Africa

11 Key Developments

11.1 Agreements, Partnerships, Collaborations and Joint Ventures

11.2 Acquisitions & Mergers

11.3 New Product Launch

11.4 Expansions

11.5 Other Key Strategies

12 Company Profiling

12.1 Voicebase

12.2 Voci

12.3 Vocapia Research

12.4 Verint

12.5 Twilio

12.6 Speechmatics

12.7 Otter AI

12.8 Nuance Communications

12.9 Nexmo

12.10 Microsoft

12.11 iFLYTEK

12.12 IBM

12.13 Govivace

12.14 Google

12.15 GL Communications

12.16 Facebook

12.17 Deepgram

12.18 Baidu

12.19 AWS

For more information about this report visit https://www.researchandmarkets.com/r/e74oxf

View source version on businesswire.com:https://www.businesswire.com/news/home/20200115005535/en/

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PUB: 01/15/2020 10:01 AM/DISC: 01/15/2020 10:01 AM