The growth of this segment can be attributed to the increasing deployment of the speech-to-text API software, which leads to increasing the demand for pre- and post-deployment services, as these solutions require training, owing to technical complexities.
Speech to text api market professional#
Professional services are further bifurcated into consulting, deployment and integration, and support and maintenance. The services considered in the report are professional services and managed services. The services segment is expected to grow at a rapid pace during the forecast period. The speech-to-text API market by component is segmented into solutions and services. Services segment to grow at a higher CAGR during the forecast period It also includes an in-depth competitive analysis of key players in the speech-to-text API market, along with their company profiles, business overviews, product offerings, recent developments, and market strategies. It profiles major vendors in the global speech-to-text API market. The report includes the study of the key players offering speech-to-text API solutions and services. It aims at estimating the market size and the growth potential of this market, across different segments, such as component, deployment mode, organization size, application, vertical, and region.
This market study covers the speech-to-text API market across segments. However, transcribing audio from multi-channels and its accuracy may hinder the growth of the speech-to-text API market. The speech-to-text API market is driven by the growing adoption of smart speakers and mobile phones and stringent regulatory and compliance.
The Speech-to-Text Application Program Interface (API) Market Size is Projected to Grow from USD 1.6 Billion in 2019 to USD 4.1 Billion by 2024, at a CAGR of 20.6%. 30, 2019 (GLOBE NEWSWIRE) - The "Speech-to-text API Market by Component (Software and Services), Application (Risk and Compliance Management, and Fraud Detection and Prevention), Deployment Mode, Organization Size, Industry Vertical, and Region - Global Forecast to 2024" report has been added to 's offering.
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