Market Overview:
Voice analytics is the process of analyzing voice and record a spoken conversation. It gathers customer information, improves communication and future interaction. Various industries such as insurance, technology, financial services, and healthcare are leveraging this technology to generate customer needs.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Verint Systems (United States), ThoughtSpot (United States), NICE (Israel), Talkdesk (United States), Avaya (United States), Beyond Verbal (Israel), Uniphore (India), Calabrio (United States), VoiceSense (Israel), VoiceBase (United States), SESTEK (Turkey) and RankMiner (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies 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 showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Players of Voice Analytics Market Study:
Verint Systems (United States), ThoughtSpot (United States), NICE (Israel), Talkdesk (United States), Avaya (United States), Beyond Verbal (Israel), Uniphore (India), Calabrio (United States), VoiceSense (Israel), VoiceBase (United States), SESTEK (Turkey) and RankMiner (United States)
Voice Analytics Market Segment Analysis
Scope | Sub-Segments |
---|
Application / End User | Sentiment Analysis, Risk and Fraud Detection, Sales and Marketing Management, Call Monitoring and Others |
Components | Solution,Professional Services,Managed Services |
Organization Size | Small and Medium Sized Enterprises,Large Enterprises |
Deployment | Cloud,On-Premises |
Verticals | Telecommunication,Banking, Financial Services, and Insurance,Healthcare,Retail and Ecommerce,Government and Defense,Others |
Voice Analytics Market Changing Dynamics
Attributes | Details |
---|
Growth Drivers | - Growing Need for Risk and Fraud Detection
- Focus Towards Extract Insights From Customer Interactions
- Rise in Demand to Monitor and Improve Agent Performance
|
Influencing Trends | - Technology Advancement to Improve Individualized Experience
|
Restraints | - Lack of Accuracy in User Authentication
- High Cost Associated With Voice Analytics
|
Road Blocks / Challenges | - Lack of Skilled Professionals
|
Gaps & Opportunities | - Potential Growth in Emerging Countries
|
Some of the other players that are also part of study are audEERING (Germany), Invoca (United States) and Xdroid (Hungary). The Voice Analytics Voice Analytics 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.
Latest Industry Highlights:
In April 2019, Verint Systems that sells software and hardware products for customer engagement management, security, surveillance, and business intelligence, offers a product designed to help companies automate input and prioritize improvements to customer experiences. This tool tracks sudden and significant changes in CX scores across channels and touchpoints and determines causes by analyzing thousands of data combinations.
In February 2019, Micro Focus announced the acquisition of Interset, a worldwide leader in security analytics software that provides highly intelligent and accurate cyber-threat protection. The addition of this predictive analytics technology adds depth to Micro Focus' Security, Risk and Government Portfolio and aligns with the company's strategy to help customers quickly and accurately validate and assess risk as they digitally transform businesses.
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Voice Analytics Voice Analytics 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 into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Voice Analytics market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the 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 .
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 include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.