Global Online Transcription Tools Market Overview:
Transcription is that the method of changing audio and video to written text. If this involves over one language, then the transcripts are also made in each language. With today’s advanced technology, transcription work has become rather more correct and various. the top result is delivered in a very wide variety of physical and digital formats. These tools tend to work with any audio stream to text including dialogue or discourse from team meetings, conferences, interviews, and seminars. It enables organizations and individuals to work faster and smarter with greater accuracy.
- Rising Demand for the Online Servies for the Transcriptive Services for Ease and Efficiency of Transcription and Eliminate the Manual Work
- Rising Penetration of Smart Devices and Usage of Digitized Solutions for Business procedures
- Restrictions of Online Tools to Text Translation due to Variation in Regional Accents
- Rise in Educational Institutes Online Education Modules requiring Online Transcription Tools
- Requirement of Skilled Personnel for Supervision and Efficiency
- Data Breach and Malware Attacks
The global market for the Online Transcription Tools is fragmented by the global players in order to serve the need of automation and efficient business meeting key pints and calculations in order to make efficient transcription and easy access to services. The players should focus on employing the artificial intelligence and different tools for analysis and decision making to survive the high competition.
Some of the key players profiled in the report are AT Transcript (United States), Gengo (Japan), GMR Transcription (United States), Google inc. (United States), Go Transcript (Scotland), Rev (United States), IScribed (United States), Scribie (United States), Temi (United States), TranscribeMe (United States) and Transcription Panda (United States). Considering Market by Enterprise Size, the sub-segment i.e. Small and Medium Enterprise will boost the Online Transcription Tools market. Considering Market by Platform, the sub-segment i.e. Web-Based will boost the Online Transcription Tools market. Considering Market by Pricing, the sub-segment i.e. Annually will boost the Online Transcription Tools market.
In 2021, Microsoft launches ‘Group Transcribe,’ a transcription and translation app for in-person meetings. This launch offers recordings of the meeting on the device for higher accuracy and also offers real-time translation and transcription for languages. It is powered by AI speech and language technology, is able to transcribe with higher accuracy and speaker attribution.
What Can be Explored with the Online Transcription Tools Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Online Transcription Tools Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Online Transcription Tools
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Online Transcription Tools 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 Online Transcription Tools 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 Online Transcription Tools Provider, Software Developer, Research Institutes, End User Industry and Others.
This helps us to gather the data related to 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, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Online Transcription Tools Market?
The Online Transcription Tools market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Online Transcription Tools Market?
Top performing companies in the Global Online Transcription Tools market are AT Transcript (United States), Gengo (Japan), GMR Transcription (United States), Google inc. (United States), Go Transcript (Scotland), Rev (United States), IScribed (United States), Scribie (United States), Temi (United States), TranscribeMe (United States) and Transcription Panda (United States), to name a few.
3. What trending factors would impact Online Transcription Tools Market growth most?
"Integration of Automation with the Transcription Tools and Tracking of the Scripting" is seen as one of major influencing trends for Online Transcription Tools Market during projected period 2020-2026.