CIS Countries Speech Analytics Market
The CIS Countries Speech analytics market accounted at US$ 19.7 Mn in 2018 and is expected to grow at a CAGR of 3.4% during the forecast period 2019 – 2027, to account to US$ 26.5 Mn by 2027.
Russia with leading market presence in numerous defense and industrial technologies along with strong presence in international market has boosted its capabilities in AI and NLP technologies. Subsequently, the country currently has selected number of speech analytics market players with strong market related offerings. Moreover, the notable presence of globally and European presence companies also has facilitated the penetration of speech analytics solution in the country over the past few years.
Strategic insights for the CIS Countries Speech Analytics provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 19.7 Million |
| Market Size by 2027 | US$ 26.5 Million |
| Global CAGR (2019 - 2027) | 3.4% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | CIS
|
| Market leaders and key company profiles |
The geographic scope of the CIS Countries Speech Analytics refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Market Insights
Analytics driven call quality monitoring and associated versatile benefits is driving the demand for speech analytics market
The past few years has attracted a substantial investment towards the development of superior AI technologies having a broad scope of application. Subsequently, the number of AI-driven analytics solution witnessed an unprecedented adoption across different industry verticals and continue to gain popularity among small and medium enterprise owners as well. Similarly, the speech analytics, along with voice analytics-based solution, are extensively used by numerous market players among different end-user industries for improving the consumer experience. Thereby, propelling the growth of CIS Countries Speech analytics market.
Offering accuracy driven platforms and focusing on culturally diverse demographic market offer prosperous opportunity to the speech analytics market
Owing to a notable number of players operating in the speech analytics market along with strong customer base has attributed in intense market competition, especially across developed economies. Additionally, the increase in investment towards research and development has facilitated in consistently boosted the company’s market offering competencies. As a result, the companies are increasingly focusing on market differentiating factors to further gain a sustainable advantage compared to their competitors. Moreover, emphasis towards offering niche business requirement and focusing on a culturally diverse region with multiple languages could also provide lucrative opportunities to the CIS Countries Speech analytics during the coming years.
Type Insights
The CIS Countries Speech analytics market by type was led by solutions segment. The increasing investment by market players for the adoption of AI and Machine Learning capabilities to add new features to their solutions and further expand the number of use cases. The integration of advanced technologies permits the users to extract more accurate insights and drive instant action in real time.
Deployment Type Insights
The CIS Countries Speech analytics market by deployment was led by cloud-based segment in 2018. Also, the segment is expected to hold the largest CIS Countries Speech analytics market share by 2027. The cloud deployment model is ideal for organizations keen to implement analytics solutions with low investment. It primarily allows the companies to obtain the data with the help of analytical solutions and services in an economical expense.
End user Industry Insights
The CIS Countries Speech analytics market is segmented based on end-user industries such as BFSI, Media & Entertainment, IT & Telecom, Healthcare & Life Science, Consumer Goods & Retail, and others. BFSI segment is expected to continue its dominance in the CIS Countries Speech analytics market throughout the forecast period. However, consumer goods & retail and IT & telecom are anticipated to exhibit high CAGR in the CIS Countries Speech analytics market.
Strategic insights for the CIS Countries Speech Analytics provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 19.7 Million |
| Market Size by 2027 | US$ 26.5 Million |
| Global CAGR (2019 - 2027) | 3.4% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | CIS
|
| Market leaders and key company profiles |
The geographic scope of the CIS Countries Speech Analytics refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Strategic Insights
Presently, a significantly large number of companies operate in the speech analytics market, offering a broad range of software and platform solutions with diverse business offerings as well as competencies. Few of the recent developments are listed below:
2019:
CallMiner announced the latest addition to its customer engagement analytics platform—Eureka Capture—which captures high-fidelity audio in real time by delivering secure, faster, and more accurate insights as well as intelligence from contact center interactions.
Avaya announced the up gradation of workforce optimization suite by adding real-time speech analytics, as well as the ability to monitor calls in real-time for better detection of words and phrases of the interaction.
2018:
Clarabridge announced the CX Contact Center, a full-service solution used for evaluating Voice of the Customer data in contact centers. This solution features superior voice-to-text transcription, industry-specific categorization and sentiment analysis, omnichannel listening capabilities, and interactive dashboards for cx teams and contact center leaders.
2017:
CIS COUNTRIES SPEECH ANALYTICS MARKET SEGMENTATION
CIS Countries Speech Analytics Market - By Type
CIS Countries Speech Analytics Market - By Deployment Type
CIS Countries Speech Analytics Market - By End-user
CIS Countries Speech Analytics Market - By Geography
CIS Countries Speech Analytics Market Companies
Vocitech, Tethr, Invoca, Cogito, VoiceBase, Gridspace, Nuance, Talkdesk, CallTrackingMetrics, CloudTalk, and few other market players from value chain which are not profiled in the report but the can be included based on request.
The List of Companies
The CIS Countries Speech Analytics Market is valued at US$ 19.7 Million in 2018, it is projected to reach US$ 26.5 Million by 2027.
As per our report CIS Countries Speech Analytics Market, the market size is valued at US$ 19.7 Million in 2018, projecting it to reach US$ 26.5 Million by 2027. This translates to a CAGR of approximately 3.4% during the forecast period.
The CIS Countries Speech Analytics Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the CIS Countries Speech Analytics Market report:
The CIS Countries Speech Analytics Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The CIS Countries Speech Analytics Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the CIS Countries Speech Analytics Market value chain can benefit from the information contained in a comprehensive market report.
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