About Entertainment Transcription
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 each physical and digital format.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global market for Entertainment Transcription is consolidated by global players owing to the demand for transcribing the scripts for big media and production houses. Surging demand for accuracy and precision of script understanding and visualization should be attained by players in order to grab the market share. Integration of automation, content to be transcribed and data safety will be the factors where investments should be deployed. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Entertainment Transcription market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Synergy Transcription Services (United States), Transcriptionstar (United States), Transcribeme Inc. (United States), Pioneer Support Services, Inc. (United States), Outsource2india (India), Hour Trans (United States) and Alpha Dog Transcriptions (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Entertainment Transcription market by Type (Verbatim and Summarized) and Region.
On the basis of geography, the market of Entertainment Transcription has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Services, the sub-segment i.e. Reality TV Transcription will boost the Entertainment Transcription market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Pricing, the sub-segment i.e. Per Minute will boost the Entertainment Transcription market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Enhancement in Feasibility of Transcribing from Any Mode like DVD, VCD, Cassettes and Digital Files
Market Growth Drivers:
Growth in Requirements of Accurate and Defined Transcribes by Production Houses for Ease in Work Module and Automation of Excessive Manual Work
Challenges:
Maintaining the Confidentiality of The Content
Restraints:
High Costs Involved in Transcribing High Budget Films and content
Opportunities:
Transcription by Production Companies for Pre-Production, Postproduction, Subtitling, As Well As for Editing Purposes
Market Leaders and their expansionary development strategies
In July 2023, Machine Translation and media localization startup XL8 acquired American High-Tech Transcription and Reporting, Inc. (AHT), a company that specializes in stenography, transcription, and translation for US government-related clients.
In May 2023, Agora, Inc., a pioneer and leading platform for real-time engagement APIs, announced the launch of Agora’s Real-Time Transcription solution. The solution provides developers with the fastest, most accurate, and affordable automated transcription, and subtitling capabilities that can be easily integrated into any app or service.
ADA WCAG 2.0 World Wide Web Consortium: guidelines in order to make digital content accessible for all users.
Key Target Audience
Entertainment Transcription Service Provider, Film Institutes, Production Houses, OTT Platforms and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.