Speech Analytics Market Is Expected To Witness A Significant Growth Owing To A Wide Application Scope In The IT & Telecom And BFSI Industries Till 2025: Grand View Research, Inc.

The speech analytics market is expected to reach USD 1.64 billion by 2025, according to a new report by Grand View Research, Inc. The market is estimated to witness a robust growth exceeding a CAGR of 10% over the forecast period. This growth is ascribed to the increasing emphasis by organizations on improving the market intelligence capabilities along with the growing prominence of voice in the multi-channel world.

The number of contact centers is increasing, resulting in industry players to innovate speech analytics solutions, which help companies understand the changing customer requirements. The technology has been increasingly adopted in consumer electronics devices, including laptops, smartphones, and tablets, as it significantly increases the enterprise’s scope as well as improves performance. This, in turn, has resulted in elevating adoption of speech analytics solutions worldwide. In addition, upcoming technologies, such as voice print authentication, are estimated to spur growth over the coming years.

Furthermore, the rising demand for risk management solutions and cloud analytics is also anticipated to favorably impact growth over the next nine years. These solutions offer several growth opportunities as this solution helps optimize performance and enhance customer experience. However, issues pertaining to lack of awareness and rise in cost may pose a challenge to the speech analytics market growth in the near future.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/speech-analytics-market

Further key findings from the report suggest:

• The service segment is anticipated to grow at a CAGR exceeding 8.0% from 2016 to 2025, which is attributed to the wide product and solution portfolio offerings by service firms operating in the market.
• The cloud-based deployment segment captured over 25.0% of the total revenue share in 2015 and is anticipated to exhibit growth of over 9.0% from 2016 to 2025, primarily ascribed to the cost benefits and improved performance offered by cloud over the on-premise solutions, along with the increasing adoption of cloud analytics in contact centers.
• Speech analytics allows organizations to work on unstructured data obtained through customer interactions to enhance customer experience and gain a competitive advantage on account of which the small & medium-sized enterprise segment is expected to gain prominence over the forecast period.
• The telecommunication segment accounted for a significant market share in 2015, capturing over 15% of the entire revenue share in the same year, which is majorly due to the integration of speech analytics into enterprise systems to enhance efficiency as well as customer experience.
• Asia Pacific is expected to emerge as the fastest growing region with a CAGR exceeding 12.0% over the forecast period, which is mainly on account of rapid industrialization, and since, organizations have become more competitive and are focusing on better customer service. 

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/blogs/technology

Grand View Research has segmented the speech analytics market on the basis of type, deployment, enterprise size, end-use, and region: 
 
Type Outlook (Revenue, USD Million; 2014 - 2025)

·         Solution

·         Service

Deployment Outlook (Revenue, USD Million; 2014 - 2025)

·         On-premise

·         Cloud

Enterprise Size Outlook (Revenue, USD Million; 2014 - 2025)

·         Small & Medium Enterprise

·         Large Enterprise

End-Use Outlook (Revenue, USD Million; 2014 - 2025)

·         BFSI

·         Telecommunication

·         IT

·         Retail

·         Healthcare

·         Government

·         Hospitality

·         Others

Regional Outlook (Revenue, USD Million; 2014 - 2025)

·         North America

o    U.S.

o    Canada

·         Europe

o    UK

o    Germany

o    France

·         Asia Pacific

o    China

o    India

o    Japan

·         Latin America

o    Brazil

o    Mexico

·         Middle East & Africa

o    Saudi Arabia

o    UAE

About Grand View Research
 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For More Information Visit - http://www.grandviewresearch.com/

Enterprise Wearable Market Is Expected To Reach USD 22.3 Billion By 2025: Grand View Research, Inc.

The global enterprise wearable market is expected to reach USD 22.3 billion by 2025, according to a new study conducted by Grand View Research, Inc. The high demand for enterprise wearable devices in the Asia Pacific region is anticipated to drive the industry growth over the next decade. The aging population and rising chronic diseases, such as coronary heart diseases and diabetes, in countries such as China, India, and Japan would drive the demand for wearable technology in the region.

Industry players are investing a significantly in research & development activities for product innovation, thus catering to the specific needs of the enterprise industry. They are using strategies such as acquisition, partnerships, and collaborations to maintain market competencies.

The rising enterprise applications of Virtual Reality (VR) and Augmented Reality (AR) in the following years is expected to fuel the demand for wearable devices, such as smart eye wear and head mounted devices.  This growth in demand may be attributed to advancements in the VR and AR technologies, which would help increase their connectivity and enterprises’ interaction with employees and consumers.

The increasing awareness regarding health and wellness, rising aging population, and chronic diseases such as heart attack and diabetes, globally, are favorable factors expected to support the demand for wearable devices over the forecast period.

The rising demand for IoT technology, owing to its wide application in various sectors such as healthcare, manufacturing, retail, and others, is foreseen to drive the growth of the enterprise wearable market. The IoT technology, along with wearable devices, would help organizations in the development and deployment of the future generation value-added services by utilizing user-centric data.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/the-global-enterprise-wearables-market

Further key findings from the study suggest:

• The IoT technology segment is expected to surpass the Bluetooth segment and dominate the market after 2022 as well. This growth may be attributed to the expected rise of widespread real-time applications of IoT technology in different industries globally over the next decade.
• The demand for head wear devices is expected to gain momentum over the forecast period owing to their prospective applications in highly developing technologies such as VR and AR
• The Asia Pacific region is predicted to emerge as the fastest growing market owing to a significant rise in the number of adopters of medical wearable devices for monitoring bodily conditions, such as glucose level, heart condition, temperature, sleep, and others, in countries such as China and India
• Prominent vendors operating in the market include Fitbit Inc., Apple Inc., Alphabet Inc., Xiaomi Inc., Samsung Electronics Co. Ltd., Eurotech SpA, Adidas AG, and Seiko Epson Corporation
• The increased focus on research and development activities for new product developments and upgrades of existing products to meet industry demands are the key trends adopted by industry player

Read our blog on enterprise wearable market: http://www.grandviewresearch.com/blog/enterprise-wearables-size-share

Grand View Research has segmented the global enterprise wearable market on the basis of technology, product, application, and region:

Technology Outlook (Revenue, USD Million; 2014 - 2025)

·         IoT

·         Bluetooth

·         Bluetooth Low Energy (BLE)

Product Outlook (Revenue, USD Million; 2014 - 2025)

·         Wrist-wear

·         Foot wear

·         Eye wear

·         Arm wear

·         Head wear

Application Outlook (Revenue, USD Million; 2014 - 2025)

·         Infotainment

·         Healthcare

·         IT & telecom

·         Others

Regional Outlook (Revenue, USD Million; 2014 - 2025)

·         North America

o    U.S.

o    Canada

·         Europe

o    UK

o    Germany

·         Asia Pacific

o    China

o    Japan

o    India

·         Latin America

o    Brazil

o    Mexico

·         Middle East & Africa

About Grand View Research
 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For More Information Visit - http://www.grandviewresearch.com/

Automotive Aftermarket Forecast To Reach $486.36 Billion By 2025: Grand View Research, Inc.

The global automotive aftermarket is expected to reach USD 486.36 billion by 2025, according to a new report by Grand View Research, Inc. Digitalization of automotive repair & component sales complemented by advanced technology incorporations in the automobile aftermarket component manufacturing is expected to boost the market growth. The surging reception of semi-autonomous, electric vehicles, and hybrid & autonomous cars, in the years to come, is further expected to bolster the new component market growth. The market can be categorized, based on replacement parts, into tire, battery, brake parts, filters, body parts, lighting & electronic components, wheels, and exhaust components.

The increasing vehicle penetration is driven by the overall improvement of lifestyle in the developing countries, such as India and Brazil, and is expected to drive the growth of the automobile industry in the region. Similar surges in the automotive manufacturing sector across various regions along with the increasing stringent emissions norms are expected to drive the growth of automotive aftermarket component sales over the forecast period.

The Asia-Pacific regional market is expected to be the fastest growing market for automotive collision repair services over the forecast period, owing to its developing living standards and high vehicle production. It is also anticipated to be the fastest-growing market in automobile production. With the growing penetration and acceptance of gas and hybrid electric cars, specialized repair centers dedicated toward repair of particular vehicles are expected to increase.

The global automotive aftermarket is expected to witness tremendous growth due to an upsurge in the number of vehicle collisions along with the inclination of owners toward repair of their automobiles.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/aftermarket-automotive-parts-market

Further key findings from the report suggest:

• The automotive aftermarket is estimated to grow significantly over the forecast period, owing to an increase in the number of lightweight vehicles coupled with the increasing age of the light vehicle fleet
• North America has a higher technology adoption rate, which is anticipated to result in faster and higher adoption of hybrid electric automobiles in the region as compared to the other geographies
• The global automotive aftermarket is anticipated to witness a phase change attributable to the growing proportion of specialized automotive collision repair centers that are dedicated toward serving specific vehicles such as alternate fuel powered vehicles
• The key industry participants include Magneti Marelli S.p.A., Continental AG, 3M Company, Federal-Mogul Corporation, Delphi Automotive PLC, Robert Bosch GmbH, and Denso Corporation.

Read our blog on automotive aftermarket market: http://www.grandviewresearch.com/blog/automotive-aftermarket-industry-size-share

Grand View Research has segmented the automotive aftermarket based on replacement part and region:

Automotive Aftermarket Replacement Part Outlook (Revenue, USD Billion, 2014 - 2025)

·         Tire

·         Battery

·         Brake parts

·         Filters

·         Body parts

·         Lighting & Electronic components

·         Wheels

·         Exhaust components

·         Others

Automotive Aftermarket Regional Outlook (Revenue, USD Billion, 2014 - 2025)

·         North America

o    U.S.

o    Canada

o    Mexico

·         Europe

o    Germany

o    UK

·         Asia Pacific

o    China

o    India

o    Japan

·         South America

o    Brazil

·         The Middle East & Africa

About Grand View Research
 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For More Information Visit - http://www.grandviewresearch.com/