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Speech analytics market to hit $2.5 billion by 2023

Industrial Market Research

The Global Speech Analytics Market is projected to reach a market size of $2.5 billion by 2023.


According to a new report Global Speech Analytics Market, published by KBV research, the Global Speech Analytics Market size is expected to reach $2.5 billion by 2023, rising at a market growth of 17% CAGR during the forecast period.

The North America market holds the largest market share in Global Speech Engine Solution Market by Region in 2016 and would continue to be a dominant market till 2023; growing at a CAGR of 12.7 % during the forecast period. The Europe market is expected to witness a CAGR of 14.3% during (2017 – 2023) in Global Indexing, Analysis, & Query Tools Market.

Additionally, The Asia Pacific market is expected to witness a CAGR of 17.8% during (2017 – 2023) in Global Reporting & Visualization Tools Market.


The KBV Cardinal Matrix is a visual representation about the key players in the industry. The matrix is designed considering the major strategic developments including Mergers & Acquisitions, product launches, partnership among others and the financial strength of the company in the considered years.

The major strategies followed by the market participants are Product launches and Partnerships & Collaborations. Based on the Analysis presented in the Cardinal matrix, Avaya and HP Enterprise Company are the forerunners in the Speech Analytics market.

KBV Cardinal Matrix – Speech Analytics Market

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The Customer Experience Management market holds the largest market share in Global Speech Analytics Make an Inquiry about this news Market by Application in 2016 and would continue to be a dominant market till 2023. The Sales Performance Management market is expected to witness a CAGR of 18.5% during (2017 – 2023).

Additionally, The Call Monitoring & Competitive Intelligence market would garner market size of $388.7 million by 2023.Source: KBV Research Analysis, Company Publications and Secondary Research

The BFSI market holds the largest market share in Global Speech Analytics Market by Vertical in 2016 and would continue to be a dominant market till 2023; growing at a CAGR of 15 % during the forecast period. The Healthcare market is expected to witness a CAGR of 17.8% during (2017 – 2023).

Additionally, The Retail market is expected to witness highest CAGR of 19.3% during (2017 – 2023).

Access Full Report: kbvresearch.com/speech-analytics-market/ Make an Inquiry about this news

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the Global Speech Analytics Market have been discussed in the report with the competitive analysis and elaborated company profiles of Verint Systems, NICE Ltd., CallMiner, Avaya, Hewlett Packard Enterprise (HPE) Company, VOCI Technologies, Zoom International, Clarabridge, Almawave, and Calabrio, Inc.

Global Speech Analytics Market Size Segmentation

By Component

  • Solution
  • Speech Engine
  • Indexing, Analysis, & Query Tools
  • Reporting & Visualization Tools
  • Services
  • Professional
  • Managed

By Application

  • Customer Experience Management
  • Agent Performance Monitoring
  • Sales Performance Management
  • Call Monitoring & Competitive Intelligence
  • Others

By Deployment Type

  • Cloud
  • On-Premise

By Organization Size

  • Small & Medium Enterprises
  • Large Enterprises

By Vertical

  • BFSI
  • Government
  • Energy & Utilities
  • Healthcare
  • Media & Entertainment
  • Retail
  • Telecom & IT
  • Travel & Hospitality
  • Others

By Geography

  • North America Speech Analytics Market Size
  • US Speech Analytics Market Size
  • Canada Speech Analytics Market Size
  • Mexico Speech Analytics Market Size
  • Rest of Global Speech Analytics Market Size
  • Europe Speech Analytics Market
  • Germany Speech Analytics Market
  • UK Speech Analytics Market
  • France Speech Analytics Market
  • Russia Speech Analytics Market
  • Spain Speech Analytics Market
  • Italy Speech Analytics Market
  • Rest of Europe Speech Analytics Market
  • Asia Pacific Speech Analytics Market
  • China Speech Analytics Market
  • Japan Speech Analytics Market
  • India Speech Analytics Market
  • South Korea Speech Analytics Market
  • Singapore Speech Analytics Market
  • Malaysia Speech Analytics Market
  • Rest of Asia Pacific Speech Analytics Market
  • LAMEA Speech Analytics Market
  • Brazil Speech Analytics Market
  • Argentina Speech Analytics Market
  • UAE Speech Analytics Market
  • Saudi Arabia Speech Analytics Market
  • South Africa Speech Analytics Market
  • Nigeria Speech Analytics Market
  • Rest of LAMEA Speech Analytics Market

Companies Profiled

  • Verint Systems
  • NICE Ltd.
  • CallMiner
  • Avaya
  • Hewlett Packard Enterprise (HPE) Company
  • VOCI Technologies
  • Zoom International
  • Clarabridge
  • Almawave
  • Calabrio, Inc.

News From

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