About Digital Dictation Systems
Digital dictation is a procedure of recording and editing the spoken word in real-time. The recording is often done by the use of a digital recorder or a PC/mobile phone with the right software. Dictation is a personal technology tool that is also used to help the consumer who struggles with writing. Instead of writing by hand or on a keyboard, kids can utilize dictation to write using their voices. It is a popular workflow method within the medical sector they used to dictate into a tape recorder. In the healthcare sector, it is being used hand-delivered the tapes to a secretary who plays the tapes aloud and types them up manually. Times have so much changed since then with brand new technology, which brings us to digital dictation. Digital dictation eliminates the need for manual transmission of recordings while also cutting letter turnaround times.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The demand for digital dictation systems is increasing as are in-demand. Businesses in this sector encounter Stiff competition on a global scale from market leaders who control a large share of the market. The Leading Players are engaged in organic and non-organic strategic global expansion to maintain their Market Position. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Digital Dictation Systems 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.
DSSC Solutions Company (United States), Nuance Communications, Inc. (United States), MModal IP LLC (United States), Dolbey Systems, Inc. (Georgia), Acusis (United States), Crescendo Systems (Canada), VoicePower Ltd (England), Baidu (China), Microsoft (United States) and Lumen Vox (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Iflytek (China) and Sensory (United States).
Segmentation Overview
AMA Research has segmented the market of Global Digital Dictation Systems market by Type (Mobile app, Telephone dictation, Digital recorder dictation and PC microphone Dictation), Application (Medical industry, Law industry and Others) and Region.
On the basis of geography, the market of Digital Dictation Systems 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 Technology, the sub-segment i.e. Text-to-speech recognition will boost the Digital Dictation Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological advancement in Digital Dictation Systems
Market Growth Drivers:
The growing importance of clinical documentation
Challenges:
Compatibility issues associated in to deal with software and hardware
Restraints:
Availability of Alternative Technologies and Availability of Low-Cost Counterfeit Products
Opportunities:
Rising Need for digital documentation
Market Leaders and their expansionary development strategies
In August 2020, BIS Digital, Inc., a pioneer in digital recording and integrated AV technology solutions,has acquired of the digital recording and AV solutions divisions of Office Business Systems Holdings, Inc. (OBS) in Fairfield, New Jersey. This acquisition broadens BIS Digital’s range of digital dictation and speech recognition solutions including Philips, Olympus, Winscribe, and Nuance Dragon as well as ASC traditional telephony, Voice over IP and radio communications recording solutions.
Key Target Audience
Venture and Capitalist, New entrants/investors, Analysts and Strategic Business Partners 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.