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Cloud dictation is an advance dictation solution for global enterprises to dictate at any device anytime and anywhere. Cloud dictation solutions replace unreliable dictation devices by providing rich technology features. The cloud dictation solution supports speech mikes, digital recorders, landline telephones, tablets, and smartphones. Increasing adoption of smartphones is a major driving factor for the cloud dictation solution market. The cloud dictation solution permits users to access and manage dictations conveniently via smartphones. In 2017, 4.3 billion individuals across the world were smartphone users. The number is expected to reach 6.7 billion by 2022.

Based on application, the cloud dictation solution market can be segmented into legal industry, medical industry, education sector, and police & security agencies. The increasing time pressure become a key factor for increasing adoption of cloud dictation solutions in the legal industry. Cloud dictation solutions permit lawyers to save time by mechanizing and streamlining the complete dictation process. Similarly, these solutions play a key role in the police & security agencies sector. Incidents that require involvement of police or security agencies create a large volume of documents. Notes or reports of an incident taken on the site need to be typeset, which is time consuming. Cloud dictation solutions have features to dictate on the site or crime scene directly through a smartphone. This helps save time and efforts for documentation. In terms of enterprise size, the global cloud dictation solution market can be divided into small- & mid-sized enterprises and large enterprises. The small & mid-sized enterprises segment is expected to expand at the highest CAGR during the forecast period, owing to extensive adoption of cloud platforms led by their cost effectiveness.    

In terms of region, the global cloud dictation solution market can be categorized into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America led the global cloud dictation solution market in 2018 and is expected to continue its dominance throughout the forecast period. Extensive adoption of cloud platforms by companies in North America is responsible for the dominance of the region. The U.S. and Canada are major countries of the market in the region. In 2017, North America accounted for 43% share of the total global cloud traffic, which is 3,514 EB. In addition, the trend of early adoption of technology and strong presence of leading players is driving the market in this region.

In addition, the cloud dictation solution market in Asia Pacific is expected to expand at the maximum CAGR during the forecast period. India, China, Japan, and Australia are some of the major countries of the market in this region. The increasing number of small- and mid-sized enterprises in countries of Asia Pacific is boosting the cloud dictation solution market in the region. In addition, the rising adoption of cloud platforms by small- and mid-sized enterprises in the region led by the advantage of cost effectiveness and mobility is fueling the cloud dictation solution market in Asia Pacific. Cloud traffic in Asia Pacific is expected to increase at a CAGR of 29% during the forecast period.

Key players operating in the global cloud dictation solution market include Arrendale Associates, Inc., Koninklijke Philips N.V., Dictalogic, BigHand Ltd, WahlTek, Inc., and Arrendale Associates, Inc. They provide cloud-hosted dictation systems to hospitals, health care systems, and physicians. Cloud dictation solutions support digital recorders, landline telephones, tablets, smartphones, and speech mikes. Koninklijke Philips N.V. provides SpeechLive, a cloud dictation solution with a feature to access all dictation files even without access to Internet. SpeechLive provides local support for quick installation and assistance for web-based workflow management and security for online file storage.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Cloud Dictation Solution Market

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