Latest News: Speech-to-text API Market Is Thriving Worldwide | Latest Innovation, Advance Technology, Top Companies

A fresh report titled on “Speech-to-text API Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report also details the information about the global market status, growth rate, future trends, market drivers, challenges, opportunities and porter’s forces analysis with respect to these elements. An exclusive data offered in this report is collected by research and industry experts team.

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The Speech-to-Text Application Program Interface (API) market size is projected to grow from US$ 1.6 Billion in 2019 to US$ 4.1 Billion by 2024, at a Compound Annual Growth Rate (CAGR) of 20.6% during the forecast period. This report spread across 170 Pages, Profiling 20 Companies and Supported with 123 Tables and 49 figures is now available in this research.

#Key Players- Google (US), Microsoft (US), IBM (US), AWS (US), Nuance Communications (US), Verint (US), Speechmatics (England), Vocapia Research (France), Twilio (US), Baidu (China), Facebook (US), iFLYTEK (China), Govivace (US), Deepgram (US),Nexmo (US), VoiceBase(US), (US), Voci (US), GL Communications (US), and Contus (India).

“Services segment to grow at a higher CAGR during the forecast period”

The speech-to-text API market by component is segmented into solutions and services. The services segment is expected to grow at a rapid pace during the forecast period. The services considered in the report are professional services and managed services. Professional services are further bifurcated into consulting, deployment and integration, and support and maintenance.

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“Retail and eCommerce vertical to grow at the highest CAGR during the forecast period”

The speech-to-text API market by vertical has been segmented into Banking, Financial Services and Insurance (BFSI), telecommunications and Information Technology (IT), retail and eCommerce, healthcare, media and entertainment, government and defense, travel and hospitality, manufacturing, others (transportation and logistics, and education).


In-depth interviews were conducted with Chief Executive Officers (CEOs), innovation and technology directors, system integrators, and executives from various key organizations operating in the speech-to-text API market.


Breakdown of primary participants’ profile:

  • By Company: Tier I:38%, Tier II:41%, and Tier III:21%
  • By Designation: C-Level Executives:65%, Directors:20%, and Others:15%
  • By Region: North America: 45%, APAC: 30%, Europe: 15%, MEA: 5%, and Latin America: 5%


Competitive Landscape of Polyglycolic Acid Market:

1 Introduction

2 Competitive Leadership Mapping

2.1 Visionary Leaders

2.2 Innovators

2.3 Dynamic Differentiators

2.4 Emerging Companies


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