What is the size of the Voice Analytics Market?
According to 6Wresearch internal database and industry insights, the
Global Voice Analytics Market was valued at
USD 1.5 billion in 2024 and is expected to reach
USD 5.4 billion by 2031, growing at a
compound annual growth rate of 19.00% during the forecast period (2025-2031).
The leading forces for growth include higher demand for better customer experience, the adoption of AI and machine learning in analytics, and growing pressure for organizations to use voice data to improve organizational efficiency.
Growth Factors for Voice Analytics Industry
- Increased adoption of AI & machine learning technology for analytics toward processing voice data
- Rising demand for better customer service across various industries
- Need for compliance and regulatory obligation is driving voice analytics
- Increased investment in next-generation speech recognition and natural language processing technologies
- Voice analytics being integrated with CRM and other enterprise software
Voice Analytics Market Trends
Voice analytics is evolving with many trends that reflect the importance of voice data in business operations. Trends include the establishment of more AI-driven analytics platforms, greater integration of voice analytics with CRM, and more demand for real-time insight for greater customer service.
The usage of speech recognition will also grow across many applications as organizations seek improved levels of automation and optimization. Organizations are focused on improving sentiment analysis and emotion detection based on voice.
Emerging Developments in the Voice Analytics Market
The Voice Analytics market is seeing advancements in AI-powered speech analytics tools that enhance customer interaction analysis and operational insights. Companies are investing in solutions that enable real-time transcription, sentiment analysis, and predictive analytics to improve decision-making processes.
Additionally, the integration of voice analytics with cloud-based platforms is gaining traction as businesses shift to more scalable and flexible solutions. Increased emphasis on multilingual support and dialect recognition is also shaping the market.
List of Leading Companies in the Voice Analytics Market
Some of the leading companies include:
- NICE Systems
- Verint Systems
- CallMiner
- Cogito Corporation
- Genesys
- Nuance Communications
- OpenText
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