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According to a new report Global Speech Analytics Market, published by KBV research, the Global Speech Analytics Market size is expected to reach $2.5 billion by 2023, rising at a market growth of 17% CAGR during the forecast period.
The North America market holds the largest market share in Global Speech Engine Solution Market by Region in 2016 and would continue to be a dominant market till 2023; growing at a CAGR of 12.7 % during the forecast period. The Europe market is expected to witness a CAGR of 14.3% during (2017 - 2023) in Global Indexing, Analysis, & Query Tools Market. Additionally, The Asia Pacific market is expected to witness a CAGR of 17.8% during (2017 - 2023) in Global Reporting & Visualization Tools Market.
The KBV Cardinal Matrix is a visual representation about the key players in the industry. The matrix is designed considering the major strategic developments including Mergers & Acquisitions, product launches, partnership among others and the financial strength of the company in the considered years. The major strategies followed by the market participants are Product launches and Partnerships & Collaborations. Based on the Analysis presented in the Cardinal matrix, Avaya and HP Enterprise Company are the forerunners in the Speech Analytics market.
KBV Cardinal Matrix - Speech Analytics Market
The Customer Experience Management market holds the largest market share in Global Speech Analytics Market by Application in 2016 and would continue to be a dominant market till 2023. The Sales Performance Management market is expected to witness a CAGR of 18.5% during (2017 - 2023). Additionally, The Call Monitoring & Competitive Intelligence market would garner market size of $388.7 million by 2023.Source: KBV Research Analysis, Company Publications and Secondary Research
The BFSI market holds the largest market share in Global Speech Analytics Market by Vertical in 2016 and would continue to be a dominant market till 2023; growing at a CAGR of 15 % during the forecast period. The Healthcare market is expected to witness a CAGR of 17.8% during (2017 - 2023). Additionally, The Retail market is expected to witness highest CAGR of 19.3% during (2017 - 2023).
Full Report: https://www.kbvresearch.com/speech-analytics-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the Global Speech Analytics Market have been discussed in the report with the competitive analysis and elaborated company profiles of Verint Systems, NICE Ltd., CallMiner, Avaya, Hewlett Packard Enterprise (HPE) Company, VOCI Technologies, Zoom International, Clarabridge, Almawave, and Calabrio, Inc.
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