AdvanceMarketAnalytics follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Key Players of Speech-to-text API Market Study:
Google (United States), Microsoft (United States), IBM (United States), AWS (United States), Nuance Communications (United States), Verint (United States), Speech matics (England), Vocapia Research (France), Twilio (United States) and Baidu (China)
In the last few years, Global market of Speech-to-text API developed rapidly. Major factors driving the market are Rising Adoption of Smart Speakers and Mobile Phones
On the basis of applications, the Speech-to-text API market is segmented by Risk and Compliance Management, Fraud Detection and Prevention, Customer Management and Content Transcription.
Recent Industry Highlights:
In April 2018, Google has launched speech to text services for developers with improved voice recognition performance. It has promised to reduce 54 % of errors across Google’s tests..
Some of the other players that are also part of study are iFLYTEK (China), Govivace (United States), Deepgram (United States) and Nexmo (United States). The Global Speech-to-text API market is gaining huge competition due to involvement of United States companies that constantly invest in research & development to meet market expectation with new innovation.
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Speech-to-text API market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Speech-to-text API market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers, Distributors and Traders, Research Organisations, Government Agencies and Organisations.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.