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LAMEA Speech-to-text API Market Size, Share & Industry Trends Analysis Report By Component (Solution and Services), By Vertical, By Organization Size, By Deployment Type, By Application, By Country and Growth Forecast, 2021-2027

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    Report

  • 133 Pages
  • February 2022
  • Region: Africa, Middle East
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5570984
The Latin America, Middle East and Africa Speech-to-text API Market is expected to witness market growth of 23.4% CAGR during the forecast period (2021-2027).

Conversational devices can better recognize speech due to new technologies like artificial intelligence and machine learning, which improve the system's self-learning skills. Speech-to-text conversion methods based on artificial intelligence can improve accuracy and adapt to changes in languages automatically. With the expanding use of these models, speech-to-text with AI has become a standard service.

One of the prominent factors behind the excellent accuracy of APIs is the option to choose between several machine learning models. As a result, Google Speech-To-Text can be used for purposes other than quick web searches. It can also be set up to pick up audio from phone conversations or videos. In addition, Speech-to-text solutions are predicted to be adopted by many organizations to speed up procedures such as news and speeches delivered by political leaders and conferences since they offer faster transcription, low prices, and high accuracy.

The usage of speakers is aided by the increased acceptance of digital technology across South America and the Middle East and Africa. For example, Google debuted its artificial intelligence-powered virtual assistant in Saudi Arabia in December 2021. Google has been particularly programmed to understand and answer in standard Arabic to all Saudi dialects. Google will be able to sing and joke in Arabic due to these features.

Moreover, the regional healthcare industry is slowly transforming with the acceptance of various voice-based applications from medical diagnostic to clinical documentation. In addition, many industries in the region including marketing, communication, HR, legal departments, and others are moving towards on-premise deployment due to a growing number of security concerns.

The Brazil market dominated the LAMEA Speech-to-text API Market by Country 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $117.9 million by 2027. The Argentina market is exhibiting a CAGR of 24% during (2021 - 2027). Additionally, The UAE market is expected to display CAGR of 23% during (2021 - 2027).

Based on Component, the market is segmented into Solution and Services. Based on Vertical, the market is segmented into BFSI, IT & Telecom, Healthcare, Retail & eCommerce, Government & Defense, Media & Entertainment, Travel & Hospitality, and Others. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium-sized Enterprises (SMEs). Based on Deployment Type, the market is segmented into Cloud and On-premise. Based on Application, the market is segmented into Fraud Detection & Prevention, Contact Center & Customer Management, Risk & Compliance Management, Content Transcription, Subtitle Generation, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include LivePerson, Inc. (VoiceBase, Inc.), VoiceCloud LLC, Speechmatics Ltd., IBM Corporation, Microsoft Corporation, Google LLC, Baidu, Inc., Twilio, Inc., Amazon Web Services, Inc., and Verint Systems, Inc.

Scope of the Study


Market Segments Covered in the Report:


By Component
  • Solution
  • Services

By Vertical
  • BFSI
  • IT & Telecom
  • Healthcare
  • Retail & eCommerce
  • Government & Defense
  • Media & Entertainment
  • Travel & Hospitality
  • Others

By Organization Size
  • Large Enterprises
  • Small & Medium-sized Enterprises (SMEs)

By Deployment Type
  • Cloud
  • On-premise

By Application
  • Fraud Detection & Prevention
  • Contact Center & Customer Management
  • Risk & Compliance Management
  • Content Transcription
  • Subtitle Generation
  • Others

By Country: Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

Key Market Players


List of Companies Profiled in the Report:

  • LivePerson, Inc. (VoiceBase, Inc.)
  • VoiceCloud LLC
  • Speechmatics Ltd.
  • IBM Corporation
  • Microsoft Corporation
  • Google LLC
  • Baidu, Inc.
  • Twilio, Inc.
  • Amazon Web Services, Inc.
  • Verint Systems, Inc.

Unique Offerings from the Publisher

  • Exhaustive coverage
  • The highest number of market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Speech-to-text API Market, by Component
1.4.2 LAMEA Speech-to-text API Market, by Vertical
1.4.3 LAMEA Speech-to-text API Market, by Organization Size
1.4.4 LAMEA Speech-to-text API Market, by Deployment Type
1.4.5 LAMEA Speech-to-text API Market, by Application
1.4.6 LAMEA Speech-to-text API Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2017, Mar – 2021, Nov) Leading Players
Chapter 4. LAMEA Speech-to-text API Market by Component
4.1 LAMEA Solution Market by Country
4.2 LAMEA Services Market by Country
Chapter 5. LAMEA Speech-to-text API Market by Vertical
5.1 LAMEA BFSI Market by Country
5.2 LAMEA IT & Telecom Market by Country
5.3 LAMEA Healthcare Market by Country
5.4 LAMEA Retail & eCommerce Market by Country
5.5 LAMEA Government & Defense Market by Country
5.6 LAMEA Media & Entertainment Market by Country
5.7 LAMEA Travel & Hospitality Market by Country
5.8 LAMEA Others Market by Country
Chapter 6. LAMEA Speech-to-text API Market by Organization Size
6.1 LAMEA Large Enterprises Market by Country
6.2 LAMEA Small & Medium-sized Enterprises (SMEs) Market by Country
Chapter 7. LAMEA Speech-to-text API Market by Deployment Type
7.1 LAMEA Cloud Market by Country
7.2 LAMEA On-premise Market by Country
Chapter 8. LAMEA Speech-to-text API Market by Application
8.1 LAMEA Fraud Detection & Prevention Market by Country
8.2 LAMEA Contact Center & Customer Management Market by Country
8.3 LAMEA Risk & Compliance Management Market by Country
8.4 LAMEA Content Transcription Market by Country
8.5 LAMEA Subtitle Generation Market by Country
8.6 LAMEA Others Market by Country
Chapter 9. LAMEA Speech-to-text API Market by Country
9.1 Brazil Speech-to-text API Market
9.1.1 Brazil Speech-to-text API Market by Component
9.1.2 Brazil Speech-to-text API Market by Vertical
9.1.3 Brazil Speech-to-text API Market by Organization Size
9.1.4 Brazil Speech-to-text API Market by Deployment Type
9.1.5 Brazil Speech-to-text API Market by Application
9.2 Argentina Speech-to-text API Market
9.2.1 Argentina Speech-to-text API Market by Component
9.2.2 Argentina Speech-to-text API Market by Vertical
9.2.3 Argentina Speech-to-text API Market by Organization Size
9.2.4 Argentina Speech-to-text API Market by Deployment Type
9.2.5 Argentina Speech-to-text API Market by Application
9.3 UAE Speech-to-text API Market
9.3.1 UAE Speech-to-text API Market by Component
9.3.2 UAE Speech-to-text API Market by Vertical
9.3.3 UAE Speech-to-text API Market by Organization Size
9.3.4 UAE Speech-to-text API Market by Deployment Type
9.3.5 UAE Speech-to-text API Market by Application
9.4 Saudi Arabia Speech-to-text API Market
9.4.1 Saudi Arabia Speech-to-text API Market by Component
9.4.2 Saudi Arabia Speech-to-text API Market by Vertical
9.4.3 Saudi Arabia Speech-to-text API Market by Organization Size
9.4.4 Saudi Arabia Speech-to-text API Market by Deployment Type
9.4.5 Saudi Arabia Speech-to-text API Market by Application
9.5 South Africa Speech-to-text API Market
9.5.1 South Africa Speech-to-text API Market by Component
9.5.2 South Africa Speech-to-text API Market by Vertical
9.5.3 South Africa Speech-to-text API Market by Organization Size
9.5.4 South Africa Speech-to-text API Market by Deployment Type
9.5.5 South Africa Speech-to-text API Market by Application
9.6 Nigeria Speech-to-text API Market
9.6.1 Nigeria Speech-to-text API Market by Component
9.6.2 Nigeria Speech-to-text API Market by Vertical
9.6.3 Nigeria Speech-to-text API Market by Organization Size
9.6.4 Nigeria Speech-to-text API Market by Deployment Type
9.6.5 Nigeria Speech-to-text API Market by Application
9.7 Rest of LAMEA Speech-to-text API Market
9.7.1 Rest of LAMEA Speech-to-text API Market by Component
9.7.2 Rest of LAMEA Speech-to-text API Market by Vertical
9.7.3 Rest of LAMEA Speech-to-text API Market by Organization Size
9.7.4 Rest of LAMEA Speech-to-text API Market by Deployment Type
9.7.5 Rest of LAMEA Speech-to-text API Market by Application
Chapter 10. Company Profiles
10.1 LivePerson, Inc. (VoiceBase, Inc.)
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Regional & Segmental Analysis
10.2 VoiceCloud LLC
10.2.1 Company Overview
10.3 Speechmatics Ltd.
10.3.1 Company Overview
10.3.2 Recent strategies and developments:
10.3.2.1 Partnerships, Collaborations, and Agreements:
10.3.2.2 Product Launches and Product Expansions:
10.4 IBM Corporation
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Regional & Segmental Analysis
10.4.4 Research & Development Expenses
10.4.5 Recent strategies and developments:
10.4.5.1 Product Launches and Product Expansions:
10.5 Microsoft Corporation
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 Research & Development Expenses
10.5.5 Recent strategies and developments:
10.5.5.1 Partnerships, Collaborations, and Agreements:
10.5.5.2 Product Launches and Product Expansions:
10.6 Google LLC
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental and Regional Analysis
10.6.4 Research & Development Expense
10.6.5 Recent strategies and developments:
10.6.6 SWOT Analysis
10.7 Baidu, Inc.
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental Analysis
10.7.4 Research & Development Expenses
10.7.5 Recent strategies and developments:
10.7.5.1 Product Launches and Product Expansions:
10.7.5.2 Acquisition and Mergers
10.7.6 SWOT Analysis
10.8 Twilio, Inc.
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Regional Analysis
10.8.4 Research & Development Expense
10.8.5 Recent strategies and developments:
10.9 Amazon Web Services, Inc.
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Segmental and Regional Analysis
10.9.4 Recent strategies and developments:
10.9.4.1 Partnerships, Collaborations, and Agreements:
10.9.4.2 Product Launches and Product Expansions:
10.10. Verint Systems, Inc.
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Segmental and Regional Analysis
10.10.4 Research and Development Expense
10.10.5 Recent strategies and developments:

Companies Mentioned

  • LivePerson, Inc. (VoiceBase, Inc.)
  • VoiceCloud LLC
  • Speechmatics Ltd.
  • IBM Corporation
  • Microsoft Corporation
  • Google LLC
  • Baidu, Inc.
  • Twilio, Inc.
  • Amazon Web Services, Inc.
  • Verint Systems, Inc.

Methodology

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