Online Transcription Software and Service Market

The global Online Transcription Software and Service market was valued at US$ 3537.9 million in 2022 and is projected to reach US$ 6386.7 million by 2029, at a CAGR of 8.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

nline Transcription Software and Service is the process of converting a recording or live audio into a text file or document in just one click. It is much more versatile and it uses speech recognition technology to produce transcripts at outstanding quality and accuracy. It can help boost productivity and otherwise help with customer engagement.

Online Transcription Software is an intelligent tool with AI speech recognition, Online Transcription means that the software has an online editor that allows you to transcribe your audio to the text in its online text editor in which you can easily edit your transcriptions. You can import audio or video files in many different formats and export your transcription, in Text, SRT, or Word formats.

It can also store all notes in one central, secure, and accessible place.

Online Transcription Service works through a mix of Artificial Intelligence and Human Intelligence. The online transcription is produced in-house automatic speech recognition (ASR) machine. Once the draft is produced, professional human transcribes fact check the technology?s work in real time to deliver fully accurate voice to text transcription.

Online Transcription Software and Service Market aims to provide a comprehensive presentation of the global market for Online Transcription Software and Service, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Online Transcription Software and Service. Online Transcription Software and Service Market contains market size and forecasts of Online Transcription Software and Service in global, including the following market information:

• Global Online Transcription Software and Service Market Revenue, 2018-2023, 2024-2030, ($ millions)
• Global top five companies in 2022 (%)

Global key players of online transcription software and service include Verbit, Acusis, Rev, etc. North America is the largest producer of online transcription software and service, holds a share about 70%, followed by Asia-Pacific, and Europe. In terms of product, services is the largest segment, with a share about 70%. And in terms of application, the largest segment is medical, followed by BFSI and media.

We surveyed the Online Transcription Software and Service companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Online Transcription Software and Service Market, by Type, 2018-2023, 2024-2030 ($ millions)

Global Online Transcription Software and Service Market Segment Percentages, by Type, 2022 (%)

• Software
• Service

Global Online Transcription Software and Service Market, by Application, 2018-2023, 2024-2030 ($ millions)

Global Online Transcription Software and Service Market Segment Percentages, by Application, 2022 (%)

• Medical
• Educate
• BFSI
• Law
• Media
• Others

Global Online Transcription Software and Service Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions)

Global Online Transcription Software and Service Market Segment Percentages, By Region and Country, 2022 (%)

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic Countries
• Benelux
• Rest of Europe
• Asia
• China
• Japan
• South Korea
• Southeast Asia
• India
• Rest of Asia
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Turkey
• Israel
• Saudi Arabia
• UAE
• Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Online Transcription Software and Service revenues in global market, 2018-2023 (estimated), ($ millions)

Key companies Online Transcription Software and Service revenues share in global market, 2022 (%)

Further, the report presents profiles of competitors in the market, key players include:

• Otter
• VEED
• Descript
• Temi
• GoTranscript
• Quicktate
• Sembly
• Trint
• Moretti
• Audext
• Transcribe
• Verbit
• Happy Scribe
• Sonix
• TranscribeMe
• Rev
• Casting Words
• Scribie
• Way With Words
• Crowdsurf
• Take1
• SpeakWrite
• GMR Transcription
• Transcription Outsourcing
• eScribers
• Babbletype
• Transcription Panda
• Dictate2us
• Virtual Employee
• Transkriptor
• Voxtab
• Speechpad
• Daily Transcription
• Maestra
• Espresso Translations
• TypeOut
• ScriptoSphere
• Transcriberry
• TranscriptionWing
• Acusis
• Athreon
• Multilingual Connections
• Opal Transcription
• 3PlayMedia
• Transcriptionwave
• SBL Corp
• AccuTran
• Cisco
• Tigerfish
• Net Transcripts

Outline of Major Chapters:

• Chapter 1: Introduces the definition of Online Transcription Software and Service, market overview.
• Chapter 2: Global Online Transcription Software and Service market size in revenue.
• Chapter 3: Detailed analysis of Online Transcription Software and Service company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
• Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
• Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
• Chapter 6: Sales of Online Transcription Software and Service in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
• Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
• Chapter 8: The main points and conclusions of the report.