Speech Based Interactive Voice Response Software Market | Contrive Datum Insights

The Global Speech-Based Interactive Voice Response Software Market Size Was Valued At USD 2,014.3 Million In 2022. The Market Is Expected To Reach USD 4.522 Billion By 2030, At A CAGR Of 12.1% During The Forecast Period 2022-2030.

Speech Based Interactive Voice Response Software Market Overview:

Interactive Speech Response (IVR) systems are based on software applications, telephony equipment, databases and any supporting infrastructure to interact with callers and properly route calls. In this software system, no live operator interactive voice response is required. Chats are pre-recorded or generated audio that can automatically help, guide or guide customers. These systems are categorized as self-service IVR, hosted IVR, and agent-assisted IVR. IVR provides various types of business processes and services to customers according to their requirements.

Speech Based Interactive Voice Response Software market size, estimates, and forecasts are provided in terms of sales volume (K Units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Speech Based Interactive Voice Response Software market in detail. Regional market sizes related to products by type, by application, and by the player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.

Major Segments Covered in the Global Speech Based Interactive Voice Response Software Market:

Market Key Players:
, 8X8, Inc. (US), Nuance Communications, Inc. (US), Convergys Corporation (US), Avaya Inc. (US), Cisco Systems, Inc. (US), Connect First (US), West Corporation (US), Genesys Telecommunication Laboratories, Inc. (US), Verizon Communications Inc. (US), IVR Lab (US), Aspect Software Parent Inc. (US), 24/7 Customer, Inc. (US), InContact Inc. (US), NewVoiceMedia (UK), Five9, Inc. (US)., And Others.

Speech Based Interactive Voice Response Software Market by Types:

• Cloud-based
• On Premise

Speech Based Interactive Voice Response Software Market by Applications:

• BFSI, Travel and Hospitality
• Pharma and Healthcare
• Telecommunications
• Government and Public Sector
• Transportation and Logistics
• ITES
• Media, Retail, and E-commerce
• Education
• Others

Speech Based Interactive Voice Response Software Market by Regions:

The report estimates revenue growth at the worldwide, regional, and country levels and delivers an analysis of the recent industry trends in each sub-segment from 2017 to 2030.

North America is the leading region for the interactive voice response software market. The North American region captured approximately 35% of the global interactive voice response software market share. Owing to the early emergence of advanced technologies in the business industry such as artificial intelligence (AI), robotic process automation, and cognitive IVT among others boost the market growth. Hence, these aspects are expected to provide favorable conditions for the growth of the global house cleaning and maid services market in the coming years.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
  • Denmark
  • Finland
  • Iceland
  • Sweden
  • Norway
  • Belgium
  • The Netherlands
  • Luxembourg
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Benelux Union
• Rest of Europe
• Asia-Pacific
  • Indonesia
  • Thailand
  • Malaysia
  • Singapore
  • Rest of Southeast Asia
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Significant Market Dynamics:

The growth of this market can be attributed to the rising demand for cloud-based speech recognition technology and increasing demand for customer interaction channels. Furthermore, the advent of artificial intelligence (AI) and machine learning is expected to drive the growth of the global voice-based interactive voice response software market over the forecast period. However, lack of standardization across regions may restrain the growth of this market to some extent.

Report Scope of Global Speech Based Interactive Voice Response Software Market:

Points Covered in the Report

• The points that are discussed within the report are the major market players that are involved in the Market such as Market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
• The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analyzed 12 years of data history and forecast.
• The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
• Data and information by market player, region, type, application and etc., and custom research can be added according to specific requirements.
• The report contains a SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Frequently Asked Questions-

What is the CAGR of Speech Based Interactive Voice Response Software market?

The Speech Based Interactive Voice Response Software Market is growing at a CAGR of 12.1% During Forecast Period.

 What are the key types and applications of Speech Based Interactive Voice Response Software market?

- Cloud-based, On-Premise

- BFSI, Travel and Hospitality, Pharma and Healthcare, Telecommunications, Government and Public Sector, Transportation and Logistics, ITES, Media, Retail, and E-commerce, Education and Others

Who are the key players in Speech Based Interactive Voice Response Software market?

, 8X8, Inc. (US), Nuance Communications, Inc. (US), Convergys Corporation (US), Avaya Inc. (US), Cisco Systems, Inc. (US), Connect First (US), West Corporation (US), Genesys Telecommunication Laboratories, Inc. (US), Verizon Communications Inc. (US), IVR Lab (US), Aspect Software Parent Inc. (US), 24/7 Customer, Inc. (US), InContact Inc. (US), NewVoiceMedia (UK), Five9, Inc. (US)., And others.

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Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19 and the Russia-Ukraine war.