The growing need for efficient time management for business organizations are driving the demand for global business transcription market. The business world produces the high volume of video and audio content from meetings, conferences, presentations, seminars and others. These calls and meetings are very important from the business point of view. These meetings often inform about new developments, key financials, and new business and competitive strategies. Business transcription plays a very crucial role in capturing the information and key points discussed in these meetings. Business transcription provides live or recorded speech into electronic form. The most common type of business transcription is from spoken language to printable document such as files.
MARKET DYNAMICS
One of the major drivers for the global business transcription market is automated workflow. Moreover, high concern for effective documentation of business meetings, language barriers and ease of access of business transcript files are having a positive growth on the global business transcription market. The major restraint for global business transcription market are privacy issues. Business meetings recordings generally have confidential data and are highly confidential. Business transcription vendors must ensure to maintain the confidentiality of the document.
MARKET SCOPE
The "Global Business Transcription Market Analysis to 2028" is a specialized and in-depth study of the business transcription market with a special focus on the global market trend analysis. The report aims to provide an overview of business transcription market with detailed market segmentation by type, organization size, end user. The global business transcription market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading business transcription market player and offers key trends and opportunities in the business transcription market.
MARKET SEGMENTATION
The global business transcription market is segmented on the basis of type, organization size, end user. On the basis of type, market is segmented as outsourcing, offshoring, both. On the basis of organization size, market is segmented as large enterprise, SMES. On the basis of end user, market is segmented as media and entertainment, IT and telecom, manufacturing, BFSI, retail and consumer goods, others
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global business transcription market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The business transcription market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting business transcription market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the business transcription market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global business transcription market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The business transcription market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting business transcription market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the business transcription market in these regions.
MARKET PLAYERS
The reports cover key developments in the business transcription market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from business transcription market are anticipated to lucrative growth opportunities in the future with the rising demand for business transcription market. Below mentioned is the list of few companies engaged in the business transcription market.
The report also includes the profiles of key business transcription market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Crimson Interactive Inc.
- RndSofttech
- Digital Nirvana Inc.
- TranscribeMe Inc.
- 3Play Media
- Tech-Synergy
- Voice Products Inc.
- NCH Software
- Indoswift
- Focus Forward
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Business Transcription Market - By Type
1.3.2Business Transcription Market - By Organization Size
1.3.3Business Transcription Market - By End Uesr
1.3.4Business Transcription Market - By Region
1.3.4.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.BUSINESS TRANSCRIPTION MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.BUSINESS TRANSCRIPTION MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.BUSINESS TRANSCRIPTION MARKET - GLOBAL MARKET ANALYSIS
6.1.BUSINESS TRANSCRIPTION - GLOBAL MARKET OVERVIEW
6.2.BUSINESS TRANSCRIPTION - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.BUSINESS TRANSCRIPTION MARKET - REVENUE AND FORECASTS TO 2028 â" TYPE
7.1.OVERVIEW
7.2.TYPE MARKET FORECASTS AND ANALYSIS
7.3.OUTSOURCING
7.3.1.Overview
7.3.2.Outsourcing Market Forecast and Analysis
7.4.OFFSHORING
7.4.1.Overview
7.4.2.Offshoring Market Forecast and Analysis
7.5.BOTH
7.5.1.Overview
7.5.2.Both Market Forecast and Analysis
8.BUSINESS TRANSCRIPTION MARKET - REVENUE AND FORECASTS TO 2028 â" ORGANIZATION SIZE
8.1.OVERVIEW
8.2.ORGANIZATION SIZE MARKET FORECASTS AND ANALYSIS
8.3.LARGE ENTERPRISE
8.3.1.Overview
8.3.2.Large Enterprise Market Forecast and Analysis
8.4.SMES
8.4.1.Overview
8.4.2.SMEs Market Forecast and Analysis
9.BUSINESS TRANSCRIPTION MARKET - REVENUE AND FORECASTS TO 2028 â" END UESR
9.1.OVERVIEW
9.2.END UESR MARKET FORECASTS AND ANALYSIS
9.3.MEDIA AND ENTERTAINMENT
9.3.1.Overview
9.3.2.Media and Entertainment Market Forecast and Analysis
9.4.IT AND TELECOM
9.4.1.Overview
9.4.2.IT and Telecom Market Forecast and Analysis
9.5.MANUFACTURING
9.5.1.Overview
9.5.2.Manufacturing Market Forecast and Analysis
9.6.BFSI
9.6.1.Overview
9.6.2.BFSI Market Forecast and Analysis
9.7.RETAIL AND CONSUMER GOODS
9.7.1.Overview
9.7.2.Retail and Consumer Goods Market Forecast and Analysis
9.8.OTHERS
9.8.1.Overview
9.8.2.Others Market Forecast and Analysis
10.BUSINESS TRANSCRIPTION MARKET REVENUE AND FORECASTS TO 2028 â" GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Business Transcription Market Overview
10.1.2North America Business Transcription Market Forecasts and Analysis
10.1.3North America Business Transcription Market Forecasts and Analysis - By Type
10.1.4North America Business Transcription Market Forecasts and Analysis - By Organization Size
10.1.5North America Business Transcription Market Forecasts and Analysis - By End Uesr
10.1.6North America Business Transcription Market Forecasts and Analysis - By Countries
10.1.6.1United States Business Transcription Market
10.1.6.1.1United States Business Transcription Market by Type
10.1.6.1.2United States Business Transcription Market by Organization Size
10.1.6.1.3United States Business Transcription Market by End Uesr
10.1.6.2Canada Business Transcription Market
10.1.6.2.1Canada Business Transcription Market by Type
10.1.6.2.2Canada Business Transcription Market by Organization Size
10.1.6.2.3Canada Business Transcription Market by End Uesr
10.1.6.3Mexico Business Transcription Market
10.1.6.3.1Mexico Business Transcription Market by Type
10.1.6.3.2Mexico Business Transcription Market by Organization Size
10.1.6.3.3Mexico Business Transcription Market by End Uesr
10.2.EUROPE
10.2.1Europe Business Transcription Market Overview
10.2.2Europe Business Transcription Market Forecasts and Analysis
10.2.3Europe Business Transcription Market Forecasts and Analysis - By Type
10.2.4Europe Business Transcription Market Forecasts and Analysis - By Organization Size
10.2.5Europe Business Transcription Market Forecasts and Analysis - By End Uesr
10.2.6Europe Business Transcription Market Forecasts and Analysis - By Countries
10.2.6.1Germany Business Transcription Market
10.2.6.1.1Germany Business Transcription Market by Type
10.2.6.1.2Germany Business Transcription Market by Organization Size
10.2.6.1.3Germany Business Transcription Market by End Uesr
10.2.6.2France Business Transcription Market
10.2.6.2.1France Business Transcription Market by Type
10.2.6.2.2France Business Transcription Market by Organization Size
10.2.6.2.3France Business Transcription Market by End Uesr
10.2.6.3Italy Business Transcription Market
10.2.6.3.1Italy Business Transcription Market by Type
10.2.6.3.2Italy Business Transcription Market by Organization Size
10.2.6.3.3Italy Business Transcription Market by End Uesr
10.2.6.4United Kingdom Business Transcription Market
10.2.6.4.1United Kingdom Business Transcription Market by Type
10.2.6.4.2United Kingdom Business Transcription Market by Organization Size
10.2.6.4.3United Kingdom Business Transcription Market by End Uesr
10.2.6.5Russia Business Transcription Market
10.2.6.5.1Russia Business Transcription Market by Type
10.2.6.5.2Russia Business Transcription Market by Organization Size
10.2.6.5.3Russia Business Transcription Market by End Uesr
10.2.6.6Rest of Europe Business Transcription Market
10.2.6.6.1Rest of Europe Business Transcription Market by Type
10.2.6.6.2Rest of Europe Business Transcription Market by Organization Size
10.2.6.6.3Rest of Europe Business Transcription Market by End Uesr
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Business Transcription Market Overview
10.3.2Asia-Pacific Business Transcription Market Forecasts and Analysis
10.3.3Asia-Pacific Business Transcription Market Forecasts and Analysis - By Type
10.3.4Asia-Pacific Business Transcription Market Forecasts and Analysis - By Organization Size
10.3.5Asia-Pacific Business Transcription Market Forecasts and Analysis - By End Uesr
10.3.6Asia-Pacific Business Transcription Market Forecasts and Analysis - By Countries
10.3.6.1Australia Business Transcription Market
10.3.6.1.1Australia Business Transcription Market by Type
10.3.6.1.2Australia Business Transcription Market by Organization Size
10.3.6.1.3Australia Business Transcription Market by End Uesr
10.3.6.2China Business Transcription Market
10.3.6.2.1China Business Transcription Market by Type
10.3.6.2.2China Business Transcription Market by Organization Size
10.3.6.2.3China Business Transcription Market by End Uesr
10.3.6.3India Business Transcription Market
10.3.6.3.1India Business Transcription Market by Type
10.3.6.3.2India Business Transcription Market by Organization Size
10.3.6.3.3India Business Transcription Market by End Uesr
10.3.6.4Japan Business Transcription Market
10.3.6.4.1Japan Business Transcription Market by Type
10.3.6.4.2Japan Business Transcription Market by Organization Size
10.3.6.4.3Japan Business Transcription Market by End Uesr
10.3.6.5South Korea Business Transcription Market
10.3.6.5.1South Korea Business Transcription Market by Type
10.3.6.5.2South Korea Business Transcription Market by Organization Size
10.3.6.5.3South Korea Business Transcription Market by End Uesr
10.3.6.6Rest of Asia-Pacific Business Transcription Market
10.3.6.6.1Rest of Asia-Pacific Business Transcription Market by Type
10.3.6.6.2Rest of Asia-Pacific Business Transcription Market by Organization Size
10.3.6.6.3Rest of Asia-Pacific Business Transcription Market by End Uesr
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Business Transcription Market Overview
10.4.2Middle East and Africa Business Transcription Market Forecasts and Analysis
10.4.3Middle East and Africa Business Transcription Market Forecasts and Analysis - By Type
10.4.4Middle East and Africa Business Transcription Market Forecasts and Analysis - By Organization Size
10.4.5Middle East and Africa Business Transcription Market Forecasts and Analysis - By End Uesr
10.4.6Middle East and Africa Business Transcription Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Business Transcription Market
10.4.6.1.1South Africa Business Transcription Market by Type
10.4.6.1.2South Africa Business Transcription Market by Organization Size
10.4.6.1.3South Africa Business Transcription Market by End Uesr
10.4.6.2Saudi Arabia Business Transcription Market
10.4.6.2.1Saudi Arabia Business Transcription Market by Type
10.4.6.2.2Saudi Arabia Business Transcription Market by Organization Size
10.4.6.2.3Saudi Arabia Business Transcription Market by End Uesr
10.4.6.3U.A.E Business Transcription Market
10.4.6.3.1U.A.E Business Transcription Market by Type
10.4.6.3.2U.A.E Business Transcription Market by Organization Size
10.4.6.3.3U.A.E Business Transcription Market by End Uesr
10.4.6.4Rest of Middle East and Africa Business Transcription Market
10.4.6.4.1Rest of Middle East and Africa Business Transcription Market by Type
10.4.6.4.2Rest of Middle East and Africa Business Transcription Market by Organization Size
10.4.6.4.3Rest of Middle East and Africa Business Transcription Market by End Uesr
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Business Transcription Market Overview
10.5.2South and Central America Business Transcription Market Forecasts and Analysis
10.5.3South and Central America Business Transcription Market Forecasts and Analysis - By Type
10.5.4South and Central America Business Transcription Market Forecasts and Analysis - By Organization Size
10.5.5South and Central America Business Transcription Market Forecasts and Analysis - By End Uesr
10.5.6South and Central America Business Transcription Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Business Transcription Market
10.5.6.1.1Brazil Business Transcription Market by Type
10.5.6.1.2Brazil Business Transcription Market by Organization Size
10.5.6.1.3Brazil Business Transcription Market by End Uesr
10.5.6.2Argentina Business Transcription Market
10.5.6.2.1Argentina Business Transcription Market by Type
10.5.6.2.2Argentina Business Transcription Market by Organization Size
10.5.6.2.3Argentina Business Transcription Market by End Uesr
10.5.6.3Rest of South and Central America Business Transcription Market
10.5.6.3.1Rest of South and Central America Business Transcription Market by Type
10.5.6.3.2Rest of South and Central America Business Transcription Market by Organization Size
10.5.6.3.3Rest of South and Central America Business Transcription Market by End Uesr
11.INDUSTRY LANDSCAPE
11.1.MERGERS AND ACQUISITIONS
11.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3.NEW PRODUCT LAUNCHES
11.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12.BUSINESS TRANSCRIPTION MARKET, KEY COMPANY PROFILES
12.1.CRIMSON INTERACTIVE INC.
12.1.1.Key Facts
12.1.2.Business Description
12.1.3.Products and Services
12.1.4.Financial Overview
12.1.5.SWOT Analysis
12.1.6.Key Developments
12.2.RNDSOFTTECH
12.2.1.Key Facts
12.2.2.Business Description
12.2.3.Products and Services
12.2.4.Financial Overview
12.2.5.SWOT Analysis
12.2.6.Key Developments
12.3.DIGITAL NIRVANA INC.
12.3.1.Key Facts
12.3.2.Business Description
12.3.3.Products and Services
12.3.4.Financial Overview
12.3.5.SWOT Analysis
12.3.6.Key Developments
12.4.TRANSCRIBEME INC.
12.4.1.Key Facts
12.4.2.Business Description
12.4.3.Products and Services
12.4.4.Financial Overview
12.4.5.SWOT Analysis
12.4.6.Key Developments
12.5.3PLAY MEDIA
12.5.1.Key Facts
12.5.2.Business Description
12.5.3.Products and Services
12.5.4.Financial Overview
12.5.5.SWOT Analysis
12.5.6.Key Developments
12.6.TECH-SYNERGY
12.6.1.Key Facts
12.6.2.Business Description
12.6.3.Products and Services
12.6.4.Financial Overview
12.6.5.SWOT Analysis
12.6.6.Key Developments
12.7.VOICE PRODUCTS INC.
12.7.1.Key Facts
12.7.2.Business Description
12.7.3.Products and Services
12.7.4.Financial Overview
12.7.5.SWOT Analysis
12.7.6.Key Developments
12.8.NCH SOFTWARE
12.8.1.Key Facts
12.8.2.Business Description
12.8.3.Products and Services
12.8.4.Financial Overview
12.8.5.SWOT Analysis
12.8.6.Key Developments
12.9.INDOSWIFT
12.9.1.Key Facts
12.9.2.Business Description
12.9.3.Products and Services
12.9.4.Financial Overview
12.9.5.SWOT Analysis
12.9.6.Key Developments
12.10.FOCUS FORWARD
12.10.1.Key Facts
12.10.2.Business Description
12.10.3.Products and Services
12.10.4.Financial Overview
12.10.5.SWOT Analysis
12.10.6.Key Developments
13.APPENDIX
13.1.ABOUT THE INSIGHT PARTNERS
13.2.GLOSSARY OF TERMS
1. Crimson Interactive Inc.
2. RndSofttech
3. Digital Nirvana Inc.
4. TranscribeMe Inc.
5. 3Play Media
6. Tech-Synergy
7. Voice Products Inc.
8. NCH Software
9. Indoswift
10. Focus Forward
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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