Tuesday 1 February 2022

Mobile Mapping Market Size, Share and Global Market Forecast to 2026 | MarketsandMarkets

 

According to a research report "Mobile Mapping Market with COVID-19 Impact Analysis, by Application (Road Surveys, Topographic Mapping, 3D Modelling, Asset Management), Industry Vertical (Oil and Gas, Real Estate, Government) and Region - Global Forecast to 2026" published by MarketsandMarkets, the global mobile mapping market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 19.5% during the forecast period, to reach USD 66.7 billion in 2026 from USD 27.3 billion in 2021. Key factors that are expected to drive the growth of the market are the growing investments in smart city projects, adoption of advanced technology for surveying and mapping and increase in use of geospatial data.

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162-Tables
46-Figures
167- Pages

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Topographic Mapping segment to hold a larger market size during the forecast period.

Based on applications, the Mobile Mapping Market is segmented into road surveys, topographic mapping, 3D modeling, asset management and other applications. Topographic mapping segment to hold a larger market size during the forecast period. A topographic survey is typically based upon systematic observation and published as a map series, consisting of two or more map sheets that combine to form the whole map. A topographic map series uses a common specification that includes the range of cartographic symbols employed, as well as a standard geodetic framework that defines the map projection, coordinate system, ellipsoid, and geodetic datum. Official topographic maps also adopt a national grid referencing system. Recent advances in mobile mapping technology enable new capabilities and complement or even replace traditional survey methods of topographical surveying.

Manufacturing industry vertical to grow at a higher CAGR during the forecast period.

The manufacturing vertical faces various challenges, such as cargo, machinery, and equipment tampering; uneven operational workflow; false trade billing; liability protection; property damages; fires; and raw material thefts. Security of the staff, inventory, machinery, plant, and tools have to be managed and controlled to avoid any type of damages and provide an accident-free working environment. These challenges can be addressed using advanced and intelligent mobile mapping solutions. Mobile mapping technology further enables organizations to monitor the working environment and employee activities by providing increased workplace safety, preventing losses, monitoring daily operations, saving time and efforts by remote monitoring, and reducing OPEX. Further, mobile mapping technology plays an important role in the production of autonomous driving technology as it provides the digital world to meet the navigation safety requirements of future autonomous vehicle applications. Thus, car manufacturers utilize mobile mapping technology to produce accurate navigation services to meet the demand from the automotive industry.

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North America to account for the highest market share during the forecast period

The Mobile Mapping Market is segmented into five regions: North America, Europe, APAC, MEA, and Latin America. The Mobile Mapping Market report provides insights into these regional markets in terms of market size, growth rates, future trends, market drivers, and COVID-19 impact. North America is expected to hold the highest market share in the overall Mobile Mapping Market during the forecast period. Following North America, Europe is expected to hold the second-highest market share during the forecast period. The presence of many mobile mapping vendors in the US and high awareness among enterprises about the benefits of mobile mapping solutions as part of strong marketing strategies, Investments in various technologies, including AI, IoT, big data, AR, and VR, and the growing rate of adoption of cloud services expected to drive the market in North America. Europe and MEA are also expected to witness high growth rates during the forecast period.

The Mobile Mapping Market comprises major providers, such as Apple(US), AutoNavi(China), Black & Veatch(US), Garmin International(US), Google(US), Land Surveys(Australia), MapQuest(US), Microsoft (US), Mitsubishi Electric Corporation(Japan), Novatel Inc (Canada), Qualcomm (US), Comtech Telecommunications(US), Trimble (US), Ericsson(Sweden), TomTom(Netherlands), Foursquare Labs(US), Pasco Corporation (Japan), Topcon(Japan), NavVis(Germany), GeoSLAM(England),and Leica Geosystems (Switzerland).

The study includes an in-depth competitive analysis of key players in the Mobile Mapping Market with their company profiles, recent developments, COVID-19 developments, and key market strategies.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Tuesday 11 January 2022

Mobile Device Management Market Size, Share and Global Market Forecast to 2026 | COVID-19 Impact Analysis | MarketsandMarkets

 

According to new market research  "Mobile Device Management Market by Component (Solutions (Device management, Application Management, Security management) and Services), Deployment Mode, Organization Size, Operating system Vertical and Region - Global Forecast to 2026" published by MarketsandMarkets, the global Mobile device management Market size to grow from USD 5.5 billion in 2021 to USD 20.4 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 29.8% during the forecast period. The presence of various key players in the ecosystem has led to competitive and diverse market.

Mobile device management solutions allow IT teams and admins to control and distribute security policies to mobile devices accessing sensitive corporate data in their organizations, ensuring the corporate network is secure. With more employees using one or all of these devices, organizations across all shapes and size are now turning to mobile device management for enhanced data and network security and improved employee productivity. MDM solutions enable IT admins to configure enterprise-grade security policies on mobile devices, making them corporate ready.

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361-Tables
55-Figures
327- Pages

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The services to record a higher growth rate during the forecast period

In the Mobile Device Management Market by component, the services is expected to record a higher growth rate during the forecast period. Services play an important role in managing mobile devices within an enterprise environment. A majority of MDM vendors offer support services to enterprises for driving more business revenue. They offer two major types of services: professional services and managed services. Professional services have been further categorized into three types: consulting services, implementation services, and support services. The services market holds a substantial share of the total Mobile Device Management Market and is expected to grow at a high rate.

Large Enterprises are expected to hold a larger market share during the forecast period

By Organization size, large enterprises are expected to hold the largest market size Large enterprises hold a larger market size in the present market, as the segment has already shown major adoption and implementation of mobile device management services. The use of Smartphone’s and tablets to access business applications has become a common practice in large enterprises. The growth of the large enterprises segment in the MDM market can be attributed to the increasing adoption of mobile devices among businesses and the importance of mobile applications as an effective medium of connecting organizations, their customers, and their employees.

Cloud Deployment is expected to have a higher growth rate during the forecast period

By Deployment Mode, cloud is expected to have a higher growth rate. Benefits include flexibility, scalability, affordability, operational efficiency, and low costs. This is due to the associated functionalities and core features. The additional benefits of cloud-based solutions include effectiveness while being used by various users, reduced upfront costs, easy rolling out of new projects, zero hardware investments, low maintenance costs, and minimized infrastructure.

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iOS is expected to have a higher growth rate during the forecast period

By Operating system, iOS is expected to have a higher growth rate. iOS is Apple’s proprietary OS and is specifically designed to function on Apple devices. The company offers iOS in several devices, such as the iPhone, which is the company’s flagship product. iOS contributes a significant share to the overall mobile OS segment. Apple provides several in-built security functions and software updates to offer maximum security for its mobile devices. These devices include boot and runtime protections for maintaining the integrity of devices during the ongoing mobile operations. The iOS security model only allows the installation of applications that have been signed by Apple.

North America to hold the largest market size during the forecast period

North America is expected to hold the largest market size in the global Mobile Device Management Market during the forecast period. with large-scale implementations of mobile device management solutions by enterprises over the last few years. This region has been extremely responsive toward adopting the latest technological advancements, including mobile devices, cloud computing, and IoT, within enterprises. The US is the major contributor across North America, as continuous innovation as well as the introduction of new technologies are the key factors driving the growth of the US market.

The key and emerging market players in the Mobile Device Management Market include VMware (US), Microsoft (US), IBM (US), Blackberry (Canada), Citrix (US), Google (US), Cisco (US), Samsung (South Korea), Micro Focus (UK), ZOHO (India), SolarWinds (US), SAP (Germany), Quest Software (US), Ivanti (US), Sophos (US), SOTI (Canada), Jamf (US), Qualys (US), Snow Software (Sweden), Matrix 42 (Germany), Rippling (US), 42Gears (US), ProMobi (India), Baramundi (Germany), Mitsogo Inc (US), Codeproof technologies (US), AppTec (Switzerland), Addigy (US), Kandji (US). These players have adopted several organic and inorganic growth strategies, including new product launches, partnerships and collaborations, and acquisitions, to expand their offerings and market shares in the global Mobile Device Management Market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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MarketsandMarkets™ INC.
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sales@marketsandmarkets.com
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Report:
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Sunday 2 January 2022

DDoS Protection and Mitigation Market Size, Share and Global Market Forecast to 2026 | MarketsandMarkets

 

According to market research report "DDoS Protection and Mitigation Security Market by Component (Hardware Solution, Software solutions and Services), Application Area, Deployment Mode ( On-premise, Cloud and hybrid) Vertical, and Region - Global Forecast to 2026", published by MarketsandMarkets, the global DDoS Protection and Mitigation Security market size is expected to grow from USD 3.3 billion in 2021 to USD 6.7 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 15.1% from 2021 to 2026..

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399 - Tables                                           
44 – Figures
300 - Pages

 Rise in multi-vector DDoS attacks to facilitate the demand for DDoS protection solutions and to boost the growth of DDoS Protection and Mitigation Security market across the globe during the forecast period. Moreover, Stringent government regulations related to CIP, and services and the Convergence of IT and OT systems to fuel the growth of DDoS protection market would provide lucrative opportunities for DDoS Protection and Mitigation security market vendors.

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Services to grow at a higher CAGR during the forecast period

Cyberattacks on websites are increasing at an alarming rate and have compelled organizations to adopt robust security services to address risks in the continuously evolving threat landscape. With the increasing adoption of

DDoS solutions across organizations and service providers, the demand for supporting services is also expected to increase among organizations. The DDoS protection and mitigation market on the basis of services is segmented into professional and managed services. Furthermore, the professional services segment is segmented into design and implementation, consulting and advisory, training and education, and support and maintenance. As most of the businesses lack the technical expertise to manage their network infrastructure and application layer attacks, the professional service providers offer ways to overcome this problem.

The services offered by DDoS protection and mitigation vendors help safeguard websites, networks, layer 3, and layer 7 threats. DDoS services protect websites, networks, and critical infrastructure devices, as well as, reduce the downtime and business risks. These services protect organizations from NTP amplification, DNS amplification, HTTP flood, SYN flood, Slowloris, spoofing, and volumetric attacks. DDoS attacks ranging from 200 Gbps to 1.3 Gbps are the largest and severely damaging. The DDoS service providers are continuously integrating advanced technologies to stop such DoS/DDoS attacks. Additionally, they provide support services and access to a 24/7 DDoS response team.

The DDoS attacks cause 3 million or more packets per second to be transferred illegitimately, thereby blocking the resources for legitimate users. Services offered by DDoS protection and mitigation vendors have been classified into professional and managed services. Some vendors also provide DDoS testing services to test resources for high-intensity DDoS attacks.

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Asia Pacific to grow at the highest CAGR during the forecast period

Across APAC, there are a number of prosperous economies with well-developed cyber ecosystems. The economies include India, China, Australia, and New Zealand. These economies show rapid adoption of DDoS protection and mitigation solutions to gain visibility into their networks. The large enterprises and SMEs in APAC countries are recognizing the significance of data security. They are now more receptive toward adopting dedicated DDoS protection and mitigation solutions to protect their critical and sensitive business data from commercial espionages, cyber threats, and computer hackers. Additionally, the increasing advancements in mobility and rising cloud adoption in APAC, coupled with mandatory compliance to certain government regulations for resolving data security issues, have compelled the companies in the region to adopt DDoS protection and mitigation solutions. Moreover, with the rising intensity and complexity of cyber-attacks, the data security concerns of the businesses in the region have further heightened. According to a report by Imperva, the Asia pacific was the target for Network DDOS attacks in the first half of 2021 which was 46% of all the attacks.

APAC countries such as ANZ, India, China, and Japan have widely adopted DDoS protection and mitigation solutions. The proliferation of smartphones, DDoS attacks on networks, and broadband connectivity augmented by the emergence of advanced technologies, such as IoT, mobility, and cloud, in the region are expected to drive the growth of the DDoS protection and mitigation market.

Major vendors in the global DDoS Protection and Mitigation security market are Netscout (US), Akamai Technology (US), Radware (Israel), Huawei Technology (China), Fortinet (US), Link11 (Germany), Imperva (US), Cloudflare (US), BT (England), A10 Networks (US), Fastly (US), StackPath (US), Seceon (US), Nexusguard (China), HaltDos (India), Corero (UK), RioRey (US), PhoenixNAP (US), DDoS-Guard (Russia), Allot (Israel), StrataCore (US), Sucuri (US), Verisign (US), Indusface (India), Activereach (UK).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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MarketsandMarkets™ INC.
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Thursday 16 December 2021

Identity Verification Market Size, Share and Global Market Forecast to 2026 : MarketsandMarkets

 

According to market research report on "Identity Verification Market by Component (Solutions and Services), Type (Non-Biometric and Biometric), Organization Size, Deployment Mode, Vertical (BFSI, Government and Defense, and Healthcare and Life Sciences), and Region – Global Forecast to 2026", published by MarketsandMarkets™, the global Identity Verification Market size to grow from USD 8.6 billion in 2021 to USD 18.6 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 16.6% during the forecast period.

The global market size of the Identity Verification Market is expected to grow from 8.6 billion to 18.6 billion at a CAGR of 16.6% during the forecast period. Increasing digitalization with initiatives, increase in fraudulent activities and identity theft, and increasing use cases of digital identities are major growth factors for the market. Initiatives by governments and enterprises with focus on digitalization and increased adoption of cloud-based identity verification and the increasing need to improve customer expectations among verticals such as BFSI would provide lucrative opportunities for vendors in the Identity Verification Market.

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325- Tables
39- Figures
271- Pages

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In the type segment, non-biometrics segment to hold the largest market size during the forecast period

Non-biometrics identity verification solutions are used to verify documents, such as government IDs, passport, driving license, and credit or debit cards. The non-biometrics solutions are majorly used for remote customer onboarding, fraudulent ID detection, KYC/AML compliance, and business process automation. The introduction and integration of AI and ML technologies into identity verification solutions help organizations be proactive and make highly effective detection and remediation of suspicious activities and unauthorized and invasive access requests on an enterprise network. With the rapidly growing identity-based attacks and frauds, identity verification solutions are becoming essential. The non-biometrics solution segment is an essential part of identity verification solutions and is expected to witness a huge growth in the coming years.

In deployment mode, cloud deployment to grow at a higher CAGR during the forecast period

Cloud-based identity verification solutions are not only enabling organizations to manage their costs but also helping them in improving business agility. It is the fastest-growing deployment model in the Identity Verification Market. SMEs prefer cloud-based deployment, as it is cost-effective and easy to deploy. With the cloud-based deployment of these solutions, small enterprises can assess vulnerabilities and reduce threat landscape at a much lower cost, thus improving their customer services. The cloud-based platform offers a centralized way to verify identities. For organizations having strict budgets on security investments, cloud-based identity verification solutions are a good fit.

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North America to hold the largest market size during the forecast period

North America, a technologically advanced region with a high number of early adopters and the presence of major market players, is expected to contribute the highest market share in terms of revenues during the forecast period. Factors such as the development of government initiatives, such as smart infrastructure, smart cities, digital identity-based driver’s license, and the use of identity verification by the US police to track criminals suspected of major and minor crimes, as well as to find out missing persons, are also driving the need of identity verification across North America. Additionally, increasing demand for cloud-based identity verification services among enterprises, especially SMEs, due to advantages such as scalability and cost effectiveness are expected to fuel the growth of identity verification in the region.

Major vendors in the global Identity Verification Market include Experian (Ireland), GBG (UK), Equifax (US), Mitek Systems (US), Thales Group (France), LexisNexis Risk Solutions (US), Onfido (UK), Trulioo (Canada), Acuant (US), IDEMIA (France), Jumio (US), TransUnion (US), AU10TIX (Israel), IDology (US), Innovatrics (Slovakia), Applied Recognition (Canada), Signicat (Norway), SecureKey (Canada), IDfy (India), Authenteq (Iceland), Veri5Digital (India), PXL Vision (Switzerland), IDMERIT(US), Shufti Pro (UK), Idenfy (Lithuania), WebID (Germany), IDnow (Germany), Signzy (India), and Passbase (Germany).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

Email: sales@marketsandmarkets.com

Content Source: https://www.marketsandmarkets.com/PressReleases/identity-verification.asp
Report:
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Tuesday 14 December 2021

Speech-to-text API Market Size, Share and Global Market Forecast to 2026 : MarketsandMarkets

 

According to a market research report "Speech-to-text API Market by Component (Software and Services), Application (Fraud Detection & Prevention, Content Transcription, Subtitle Generation), Deployment Mode, Organization Size, Vertical, and Region - Global Forecast to 2026", published by MarketsandMarkets™, the Speech-to-text API Market is projected to grow from USD 2.2 billion in 2021 to USD 5.4 billion by 2026; it is expected to grow at a CAGR of 19.2% during 2021–2026.

Browse and in-depth TOC on “Speech-to-text API Market

306 - Tables

61 - Figures

295 - Pages


During the pandemic, many companies experienced a significant increase in pressure from customers, while their number of available employees decreased. Many contact centers were unable to cope with demand or closed because of lockdown restrictions, leading to long delays in customer service queries, which significantly affected the customer experience. As businesses develop a more strategic approach that delivers resilience into operations through the flexibility and scalability while at the same time working to improve operational efficiencies, so speech-to-text API is rising to the forefront of technology enablers.

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Data analytics application builders are seeking medical speech recognition capabilities that help them efficiently and accurately transcribe video and audio containing COVID-19 terminology into text for downstream analytics. For instance, AWS offers Amazon Transcribe Medical, which is a fully managed speech recognition (ASR) service that makes it easy to add medical speech-to-text capabilities to any application. Powered by deep learning, the service offers a ready-to-use medical speech recognition model that users can integrate into a variety of voice applications in the healthcare and life sciences domain. Users can use the custom vocabulary feature to accurately transcribe more specific medical terminologies, such as medicine names, product brands, medical procedures, illnesses, or COVID-19-related terminology.

The services segment to hold higher CAGR during the forecast period

Based on components, the market size of the software segment is expected to hold a larger market share in 2021, while the services segment is projected to grow at a higher CAGR during the forecast period. This can be attributed to the need for determining the time and cost required to install the API/software tools that require fully managed speech-to-text API services. The high growth is attributed to the higher adoption of speech-to-text API solutions across key verticals, such as BFSI, media and entertainment, and retail and eCommerce.

The cloud segment to hold the larger market size during the forecast period

Based on deployment mode the Speech-to-text API Market is bifurcated into on-premises and cloud. The market size and CAGR of the cloud segment are estimated to be higher than the on-premises segment during the forecast period. The cloud technology benefits of easy deployment and minimal capital requirement facilitate the adoption of the cloud deployment model. The adoption of cloud-based speech-to-text API solutions is expected to be supported by the COVID-19 pandemic, as lockdowns and social distancing practices are encouraging companies to move to cloud solutions that can be managed remotely. The increasing demand for scalable, easy-to-use, and cost-effective speech-to-text API solutions is expected to accelerate the growth of the cloud segment in the Speech-to-text API Market.

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The large enterprises segment to hold a larger market size during the forecast period

The large enterprises segment is estimated to hold a larger market share in 2021. The growth of the segment is due to increased competition in large enterprises from budding SMEs. Owing to the availability of cost-effective cloud solutions, speech-to-text API solutions and services are expected to witness a prominent growth rate among SMEs during the forecast period.

Healthcare and life sciences vertical is to have the highest CAGR during the forecast period

The healthcare and life sciences segment is projected to grow at the highest CAGR during the forecast period. Speech-to-text API helps financial institutions effortlessly connect with customers to provide an enhanced customer experience. The need for rapid diagnosis, healthcare data analysis, and better patient care is expected to drive the growth of the healthcare and life sciences vertical in the APAC region.

North America to hold the largest market share during the forecast period

In North America is expected to hold the largest market size in 2021. In North America, speech-to-text API/software tools and services are highly effective in most organizations due to the increasing need to extract meaningful insights from voice data to enhance user experience. APAC is expected to hold the largest CAGR during the forecast period, while Latin America and MEA are slowly picking up speech-to-text API due to its benefits for various industries to get user insights.

Key players offering Speech-to-text API Market. The major vendors covered Google (US), Microsoft (US), AWS (US), IBM (US), Verint (US), Baidu (China), Twilio (US), Speechmatics (UK), VoiceCloud (US), VoiceBase (US), Voci (US), Kasisto (US), Nexmo (US), Contus (India), GoVivace (US), GL Communications (US), Wit.ai (US), VoxSciences (US), Rev (US), Vocapia Research (France), Deepgram (US), Otter.ai (US), AssemblyAI (US), Verbit (US), Behavioral Signals (US), Chorus.ai (US), Gnani.ai (India), Sayint.ai (India), and Amberscript (Netherlands).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

sales@marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/speech-to-text-api.asp
Report:
https://www.marketsandmarkets.com/Market-Reports/speech-to-text-api-market-203810785.html