Voice and Speech Analytics Market Size to grow by USD 2.56 Bn through 2023-2027 | Forecast and Trend Analysis

Forecasts indicate that between 2022 and 2027, the voice and speech analytics market would develop at a compound annual growth rate (CAGR) of 16.35%, with a corresponding increase in revenue of USD 2.56 billion. Determinants include growth in emotion analytics, demand from the growing business process outsourcing (BPO) sector, and the adoption of speech analytics for financial trading has fueled the market demand and growth of the voice and speech analytics market. 

Navigating through the growth drivers of the market it has been observed the primary driver of the voice and speech analytics market is the rising business process outsourcing (BPO) sector across the world.

Sneak Peak into Voice and Speech Analytics Market Analysis

Emerging Trends to Impact Market Growth of Voice And Speech Analytics Market: The proliferation of predictive analytics in voice and speech analytics is one of the current trends in Voice And Speech Analytics, the foremost part is it enables end-users with predictive reports on the analyzed voice and speech data, which enables the improvement of business processes and offers optimal customer experience. 

Avaya Inc., Calabrio Inc., CallMiner Inc., Castel Communications LLC, Dialpad Inc., Enghouse Systems Ltd., Invoca Inc., Liveperson Inc., Marchex Inc, NICE Ltd., Qualtrics LLC, Sabio Ltd. Co., Talkdesk Inc., ThoughtSpot Inc., Uniphore Technologies Inc., Verint Systems Inc., Voci Technologies Inc., VoiceSense Ltd, audEERING GmbH, and Genesys Telecommunications Laboratories Inc., etc are some of the major market players worth mentioning.

Our report includes qualitative and quantitative analyses of vendors with a wider understanding of the business ecosystem.  Learn more about the market dynamics and the aspects that our report's in-depth analysis predicts will have the biggest impact on the market under review.

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerating at a CAGR of 16.35%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by USD 2.565 Bn through 2023-2027.
    
3. What is a key factor driving this market?
   Growth in emotion analytics will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   North America, Europe, APAC, South America, and Middle East, and Africa are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   41% growth will originate from North America.
    
6. What are the market segments covered in this report?
   The market is segmented by End-user (Large enterprise, Small, and medium enterprise), Component (Solution and Services), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)