North America Speech-to-text API Market Size, Share & Industry Trends Analysis Report By Component (Solution and Services), By Vertical, By Organization Size, By Deployment Type, By Application, By Country and Growth Forecast, 2021 - 2027

The North America Speech-to-text API Market would witness market growth of 17.4% CAGR during the forecast period (2021-2027).

Businesses and consumers are now producing more content, using voice commands to manage apps and gadgets, and interacting with chatbots. In addition to dictation and translation, speech-to-text APIs can greatly assist them in producing written text. Speech-to-text APIs are basic application programming interfaces (APIs) that do speech recognition and convert voice to text. It detects patterns in sound waves using machine learning and artificial intelligence for precise transcription.

It takes a lot of effort to manually type long texts for articles, manuals, presentations, and other purposes. Instead, anyone can dictate your words and have them produced as text using a speech-to-text API. It would make the work easier and faster while providing a much-needed break to human hands. The accuracy of a competent speech-to-text API is great. As a result, many companies are relying on these solutions to produce documents and papers faster and with fewer errors. Moreover, it also aids a person in multitasking.

In North America, the current trend about speech technology and its uses in various industries is ongoing. In the region's primary industry verticals, the traditional self-service market has reached a high level of saturation, leaving plenty of room for speech technology development. This is especially true in large enterprises, which have become the largest users of voice-assisted systems. Large enterprises in the region are heavily implementing interactive voice response (IVR) systems as a result of businesses embracing customer-centric solutions.

Additionally, companies in the region are paving the way for customers of current touch-tone systems to transition smoothly to next-generation speech-enabled IVR devices. The United States and Canada, as well as other developed countries in the region, have been at the forefront of adopting sophisticated technologies. Moreover, the regional market is witnessing the increased use of speech-enabled applications in smartphones, as well as the expanding penetration of voice technology in the banking and electronics sectors.

The US market dominated the North America Speech-to-text API Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,509.2 million by 2027. The Canada market is anticipated to grow at a CAGR of 20.1% during (2021 - 2027). Additionally, The Mexico market would experience a CAGR of 19% during (2021 - 2027).

Based on Component, the market is segmented into Solution and Services. Based on Vertical, the market is segmented into BFSI, IT & Telecom, Healthcare, Retail & eCommerce, Government & Defense, Media & Entertainment, Travel & Hospitality, and Others. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium-sized Enterprises (SMEs). Based on Deployment Type, the market is segmented into Cloud and On-premise. Based on Application, the market is segmented into Fraud Detection & Prevention, Contact Center & Customer Management, Risk & Compliance Management, Content Transcription, Subtitle Generation, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

Free Valuable Insights: The Global Speech-to-text API Market is Estimated to reach $5.8 Billion by 2027, at a CAGR of 19%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include LivePerson, Inc. (VoiceBase, Inc.), VoiceCloud LLC, Speechmatics Ltd., IBM Corporation, Microsoft Corporation, Google LLC, Baidu, Inc., Twilio, Inc., Amazon Web Services, Inc., and Verint Systems, Inc.

Scope of the Study

Market Segments Covered in the Report:

By Component

• Solution
• Services

By Vertical

• BFSI
• IT & Telecom
• Healthcare
• Retail & eCommerce
• Government & Defense
• Media & Entertainment
• Travel & Hospitality
• Others

By Organization Size

• Large Enterprises
• Small & Medium-sized Enterprises (SMEs)

By Deployment Type

• Cloud
• On-premise

By Application

• Fraud Detection & Prevention
• Contact Center & Customer Management
• Risk & Compliance Management
• Content Transcription
• Subtitle Generation
• Others

By Country

• US
• Canada
• Mexico
• Rest of North America

Key Market Players

List of Companies Profiled in the Report:

• LivePerson, Inc. (VoiceBase, Inc.)
• VoiceCloud LLC
• Speechmatics Ltd.
• IBM Corporation
• Microsoft Corporation
• Google LLC
• Baidu, Inc.
• Twilio, Inc.
• Amazon Web Services, Inc.
• Verint Systems, Inc.

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Speech-to-text API Market, by Component
1.4.2 North America Speech-to-text API Market, by Vertical
1.4.3 North America Speech-to-text API Market, by Organization Size
1.4.4 North America Speech-to-text API Market, by Deployment Type
1.4.5 North America Speech-to-text API Market, by Application
1.4.6 North America Speech-to-text API Market, by Country
1.5 Methodology for the research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2017, Mar – 2021, Nov) Leading Players

Chapter 4. North America Speech-to-text API Market by Component
4.1 North America Solution Market by Country
4.2 North America Services Market by Country

Chapter 5. North America Speech-to-text API Market by Vertical
5.1 North America BFSI Market by Country
5.2 North America IT & Telecom Market by Country
5.3 North America Healthcare Market by Country
5.4 North America Retail & eCommerce Market by Country
5.5 North America Government & Defense Market by Country
5.6 North America Media & Entertainment Market by Country
5.7 North America Travel & Hospitality Market by Country
5.8 North America Others Market by Country

Chapter 6. North America Speech-to-text API Market by Organization Size
6.1 North America Large Enterprises Market by Country
6.2 North America Small & Medium-sized Enterprises (SMEs) Market by Country

Chapter 7. North America Speech-to-text API Market by Deployment Type
7.1 North America Cloud Market by Country
7.2 North America On-premise Market by Country

Chapter 8. North America Speech-to-text API Market by Application
8.1 North America Fraud Detection & Prevention Market by Country
8.2 North America Contact Center & Customer Management Market by Country
8.3 North America Risk & Compliance Management Market by Country
8.4 North America Content Transcription Market by Country
8.5 North America Subtitle Generation Market by Country
8.6 North America Others Market by Country

Chapter 9. North America Speech-to-text API Market by Country
9.1 US Speech-to-text API Market
9.1.1 US Speech-to-text API Market by Component
9.1.2 US Speech-to-text API Market by Vertical
9.1.3 US Speech-to-text API Market by Organization Size
9.1.4 US Speech-to-text API Market by Deployment Type
9.1.5 US Speech-to-text API Market by Application
9.2 Canada Speech-to-text API Market
9.2.1 Canada Speech-to-text API Market by Component
9.2.2 Canada Speech-to-text API Market by Vertical
9.2.3 Canada Speech-to-text API Market by Organization Size
9.2.4 Canada Speech-to-text API Market by Deployment Type
9.2.5 Canada Speech-to-text API Market by Application
9.3 Mexico Speech-to-text API Market
9.3.1 Mexico Speech-to-text API Market by Component
9.3.2 Mexico Speech-to-text API Market by Vertical
9.3.3 Mexico Speech-to-text API Market by Organization Size
9.3.4 Mexico Speech-to-text API Market by Deployment Type
9.3.5 Mexico Speech-to-text API Market by Application
9.4 Rest of North America Speech-to-text API Market
9.4.1 Rest of North America Speech-to-text API Market by Component
9.4.2 Rest of North America Speech-to-text API Market by Vertical
9.4.3 Rest of North America Speech-to-text API Market by Organization Size
9.4.4 Rest of North America Speech-to-text API Market by Deployment Type
9.4.5 Rest of North America Speech-to-text API Market by Application

Chapter 10. Company Profiles
10.1 LivePerson, Inc. (VoiceBase, Inc.)
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Regional & Segmental Analysis
10.2 VoiceCloud LLC
10.2.1 Company Overview
10.3 Speechmatics Ltd.
10.3.1 Company Overview
10.3.2 Recent strategies and developments:
10.3.2.1 Partnerships, Collaborations, and Agreements:
10.3.2.2 Product Launches and Product Expansions:
10.4 IBM Corporation
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Regional & Segmental Analysis
10.4.4 Research & Development Expenses
10.4.5 Recent strategies and developments:
10.4.5.1 Product Launches and Product Expansions:
10.5 Microsoft Corporation
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 Research & Development Expenses
10.5.5 Recent strategies and developments:
10.5.5.1 Partnerships, Collaborations, and Agreements:
10.5.5.2 Product Launches and Product Expansions:
10.6 Google LLC
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental and Regional Analysis
10.6.4 Research & Development Expense
10.6.5 Recent strategies and developments:
10.6.6 SWOT Analysis
10.7 Baidu, Inc.
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental Analysis
10.7.4 Research & Development Expenses
10.7.5 Recent strategies and developments:
10.7.5.1 Product Launches and Product Expansions:
10.7.5.2 Acquisition and Mergers:
10.7.6 SWOT Analysis
10.8 Twilio, Inc.
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Regional Analysis
10.8.4 Research & Development Expense
10.8.5 Recent strategies and developments:
10.9 Amazon Web Services, Inc.
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Segmental and Regional Analysis
10.9.4 Recent strategies and developments:
10.9.4.1 Partnerships, Collaborations, and Agreements:
10.9.4.2 Product Launches and Product Expansions:
10.10. Verint Systems, Inc.
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Segmental and Regional Analysis
10.10.4 Research and Development Expense
10.10.5 Recent strategies and developments:

TABLE 1 North America Speech-to-text API Market, 2017 - 2020, USD Million
TABLE 2 North America Speech-to-text API Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Speech-to-text API Market
TABLE 4 Product Launches And Product Expansions– Speech-to-text API Market
TABLE 5 Acquisition and Mergers– Speech-to-text API Market
TABLE 6 North America Speech-to-text API Market by Component, 2017 - 2020, USD Million
TABLE 7 North America Speech-to-text API Market by Component, 2021 - 2027, USD Million
TABLE 8 North America Solution Market by Country, 2017 - 2020, USD Million
TABLE 9 North America Solution Market by Country, 2021 - 2027, USD Million
TABLE 10 North America Services Market by Country, 2017 - 2020, USD Million
TABLE 11 North America Services Market by Country, 2021 - 2027, USD Million
TABLE 12 North America Speech-to-text API Market by Vertical, 2017 - 2020, USD Million
TABLE 13 North America Speech-to-text API Market by Vertical, 2021 - 2027, USD Million
TABLE 14 North America BFSI Market by Country, 2017 - 2020, USD Million
TABLE 15 North America BFSI Market by Country, 2021 - 2027, USD Million
TABLE 16 North America IT & Telecom Market by Country, 2017 - 2020, USD Million
TABLE 17 North America IT & Telecom Market by Country, 2021 - 2027, USD Million
TABLE 18 North America Healthcare Market by Country, 2017 - 2020, USD Million
TABLE 19 North America Healthcare Market by Country, 2021 - 2027, USD Million
TABLE 20 North America Retail & eCommerce Market by Country, 2017 - 2020, USD Million
TABLE 21 North America Retail & eCommerce Market by Country, 2021 - 2027, USD Million
TABLE 22 North America Government & Defense Market by Country, 2017 - 2020, USD Million
TABLE 23 North America Government & Defense Market by Country, 2021 - 2027, USD Million
TABLE 24 North America Media & Entertainment Market by Country, 2017 - 2020, USD Million
TABLE 25 North America Media & Entertainment Market by Country, 2021 - 2027, USD Million
TABLE 26 North America Travel & Hospitality Market by Country, 2017 - 2020, USD Million
TABLE 27 North America Travel & Hospitality Market by Country, 2021 - 2027, USD Million
TABLE 28 North America Others Market by Country, 2017 - 2020, USD Million
TABLE 29 North America Others Market by Country, 2021 - 2027, USD Million
TABLE 30 North America Speech-to-text API Market by Organization Size, 2017 - 2020, USD Million
TABLE 31 North America Speech-to-text API Market by Organization Size, 2021 - 2027, USD Million
TABLE 32 North America Large Enterprises Market by Country, 2017 - 2020, USD Million
TABLE 33 North America Large Enterprises Market by Country, 2021 - 2027, USD Million
TABLE 34 North America Small & Medium-sized Enterprises (SMEs) Market by Country, 2017 - 2020, USD Million
TABLE 35 North America Small & Medium-sized Enterprises (SMEs) Market by Country, 2021 - 2027, USD Million
TABLE 36 North America Speech-to-text API Market by Deployment Type, 2017 - 2020, USD Million
TABLE 37 North America Speech-to-text API Market by Deployment Type, 2021 - 2027, USD Million
TABLE 38 North America Cloud Market by Country, 2017 - 2020, USD Million
TABLE 39 North America Cloud Market by Country, 2021 - 2027, USD Million
TABLE 40 North America On-premise Market by Country, 2017 - 2020, USD Million
TABLE 41 North America On-premise Market by Country, 2021 - 2027, USD Million
TABLE 42 North America Speech-to-text API Market by Application, 2017 - 2020, USD Million
TABLE 43 North America Speech-to-text API Market by Application, 2021 - 2027, USD Million
TABLE 44 North America Fraud Detection & Prevention Market by Country, 2017 - 2020, USD Million
TABLE 45 North America Fraud Detection & Prevention Market by Country, 2021 - 2027, USD Million
TABLE 46 North America Contact Center & Customer Management Market by Country, 2017 - 2020, USD Million
TABLE 47 North America Contact Center & Customer Management Market by Country, 2021 - 2027, USD Million
TABLE 48 North America Risk & Compliance Management Market by Country, 2017 - 2020, USD Million
TABLE 49 North America Risk & Compliance Management Market by Country, 2021 - 2027, USD Million
TABLE 50 North America Content Transcription Market by Country, 2017 - 2020, USD Million
TABLE 51 North America Content Transcription Market by Country, 2021 - 2027, USD Million
TABLE 52 North America Subtitle Generation Market by Country, 2017 - 2020, USD Million
TABLE 53 North America Subtitle Generation Market by Country, 2021 - 2027, USD Million
TABLE 54 North America Others Market by Country, 2017 - 2020, USD Million
TABLE 55 North America Others Market by Country, 2021 - 2027, USD Million
TABLE 56 North America Speech-to-text API Market by Country, 2017 - 2020, USD Million
TABLE 57 North America Speech-to-text API Market by Country, 2021 - 2027, USD Million
TABLE 58 US Speech-to-text API Market, 2017 - 2020, USD Million
TABLE 59 US Speech-to-text API Market, 2021 - 2027, USD Million
TABLE 60 US Speech-to-text API Market by Component, 2017 - 2020, USD Million
TABLE 61 US Speech-to-text API Market by Component, 2021 - 2027, USD Million
TABLE 62 US Speech-to-text API Market by Vertical, 2017 - 2020, USD Million
TABLE 63 US Speech-to-text API Market by Vertical, 2021 - 2027, USD Million
TABLE 64 US Speech-to-text API Market by Organization Size, 2017 - 2020, USD Million
TABLE 65 US Speech-to-text API Market by Organization Size, 2021 - 2027, USD Million
TABLE 66 US Speech-to-text API Market by Deployment Type, 2017 - 2020, USD Million
TABLE 67 US Speech-to-text API Market by Deployment Type, 2021 - 2027, USD Million
TABLE 68 US Speech-to-text API Market by Application, 2017 - 2020, USD Million
TABLE 69 US Speech-to-text API Market by Application, 2021 - 2027, USD Million
TABLE 70 Canada Speech-to-text API Market, 2017 - 2020, USD Million
TABLE 71 Canada Speech-to-text API Market, 2021 - 2027, USD Million
TABLE 72 Canada Speech-to-text API Market by Component, 2017 - 2020, USD Million
TABLE 73 Canada Speech-to-text API Market by Component, 2021 - 2027, USD Million
TABLE 74 Canada Speech-to-text API Market by Vertical, 2017 - 2020, USD Million
TABLE 75 Canada Speech-to-text API Market by Vertical, 2021 - 2027, USD Million
TABLE 76 Canada Speech-to-text API Market by Organization Size, 2017 - 2020, USD Million
TABLE 77 Canada Speech-to-text API Market by Organization Size, 2021 - 2027, USD Million
TABLE 78 Canada Speech-to-text API Market by Deployment Type, 2017 - 2020, USD Million
TABLE 79 Canada Speech-to-text API Market by Deployment Type, 2021 - 2027, USD Million
TABLE 80 Canada Speech-to-text API Market by Application, 2017 - 2020, USD Million
TABLE 81 Canada Speech-to-text API Market by Application, 2021 - 2027, USD Million
TABLE 82 Mexico Speech-to-text API Market, 2017 - 2020, USD Million
TABLE 83 Mexico Speech-to-text API Market, 2021 - 2027, USD Million
TABLE 84 Mexico Speech-to-text API Market by Component, 2017 - 2020, USD Million
TABLE 85 Mexico Speech-to-text API Market by Component, 2021 - 2027, USD Million
TABLE 86 Mexico Speech-to-text API Market by Vertical, 2017 - 2020, USD Million
TABLE 87 Mexico Speech-to-text API Market by Vertical, 2021 - 2027, USD Million
TABLE 88 Mexico Speech-to-text API Market by Organization Size, 2017 - 2020, USD Million
TABLE 89 Mexico Speech-to-text API Market by Organization Size, 2021 - 2027, USD Million
TABLE 90 Mexico Speech-to-text API Market by Deployment Type, 2017 - 2020, USD Million
TABLE 91 Mexico Speech-to-text API Market by Deployment Type, 2021 - 2027, USD Million
TABLE 92 Mexico Speech-to-text API Market by Application, 2017 - 2020, USD Million
TABLE 93 Mexico Speech-to-text API Market by Application, 2021 - 2027, USD Million
TABLE 94 Rest of North America Speech-to-text API Market, 2017 - 2020, USD Million
TABLE 95 Rest of North America Speech-to-text API Market, 2021 - 2027, USD Million
TABLE 96 Rest of North America Speech-to-text API Market by Component, 2017 - 2020, USD Million
TABLE 97 Rest of North America Speech-to-text API Market by Component, 2021 - 2027, USD Million
TABLE 98 Rest of North America Speech-to-text API Market by Vertical, 2017 - 2020, USD Million
TABLE 99 Rest of North America Speech-to-text API Market by Vertical, 2021 - 2027, USD Million
TABLE 100 Rest of North America Speech-to-text API Market by Organization Size, 2017 - 2020, USD Million
TABLE 101 Rest of North America Speech-to-text API Market by Organization Size, 2021 - 2027, USD Million
TABLE 102 Rest of North America Speech-to-text API Market by Deployment Type, 2017 - 2020, USD Million
TABLE 103 Rest of North America Speech-to-text API Market by Deployment Type, 2021 - 2027, USD Million
TABLE 104 Rest of North America Speech-to-text API Market by Application, 2017 - 2020, USD Million
TABLE 105 Rest of North America Speech-to-text API Market by Application, 2021 - 2027, USD Million
TABLE 106 Key information – LivePerson, Inc.,
TABLE 107 Key information – VoiceCloud LLC
TABLE 108 Key information – Speechmatics Ltd.
TABLE 109 Key information – IBM Corporation
TABLE 110 key information – Microsoft Corporation
TABLE 111 Key Information – Google LLC
TABLE 112 Key Information – Baidu, Inc.
TABLE 113 Key Information – Twilio, Inc.
TABLE 114 Key Information – Amazon Web Services, Inc.
TABLE 115 Key information –Verint Systems, Inc.

List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2017, Mar – 2021, Nov) Leading Players
FIG 5 Recent strategies and developments: Speechmatics Ltd.
FIG 6 Recent strategies and developments: Microsoft Corporation
FIG 7 SWOT Analysis: Alphabet Inc. (Google LLC)
FIG 8 Recent strategies and developments: Baidu, Inc.
FIG 9 Swot analysis: Baidu, inc.
FIG 10 Recent strategies and developments: Amazon Web Services, Inc.