Blockchain Press Releases
Speech Analytics Market size worth $ 8.85 Billion, Globally, by 2030 at 25.5% CAGR: Verified Market Research®
The “Global Speech Analytics Market Size By Component, By Application, By End User, By Geographic Scope And Forecast” report has been published by Verified Market Research®. The report provides an in-depth analysis of the global Speech Analytics Market, including its growth prospects, market trends, and market challenges.
JERSEY CITY, N.J., Aug. 1, 2023 /PRNewswire/ — The Global Speech Analytics Market is projected to grow at a CAGR of 25.5% from 2023 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 1.8 Billion in 2022 and is expected to reach USD 8.85 Billion by the end of the forecast period.
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Browse in-depth TOC on “Speech Analytics Market“
202 – Pages
126 – Tables
37 – Figures
Speech Analytics Market: Unlocking Customer Insights and Transforming Business Performance
Speech analytics, a useful technique for obtaining information from customer call recordings, is revolutionising how companies interact with and communicate with their customers. The advantages and capabilities of speech analysis are explored by this state-of-the-art technology, including its ability to improve agent performance, gather competitive intelligence, and maximise campaign effectiveness. The Speech Analytics Market is expanding due to various speech analytic products like speech engines, indexing, evaluation tools, dashboards, and reporting tools.
Driving Forces Behind Growth: A number of important factors are causing the Speech Analytics Market to grow rapidly. CRM initiatives are being strengthened by the growing use of voice analytics technologies by call centres and corporations. Furthermore, the availability of cloud-based real-time speech analytics solutions has created a plethora of chances for businesses to effectively make data-driven decisions. Speech analytics are now valued by businesses for risk management, regulatory compliance, and improving operational effectiveness, which is fueling industry expansion.
Opportunities for Businesses: Speech analytics enables companies to improve customer experiences by gaining valuable insights from customer interactions. Real-time analysis made possible by the technology makes it easier to monitor and enhance agent performance. Businesses across a variety of industries can improve their operations and customer engagement strategies by utilising speech analytics, opening the path for improved business success.
Addressing Challenges and Limitations: Despite the enormous potential of the speech analytics market, there are still challenges to be overcome. Strong data protection measures are required due to the complex information ecosystem’s worries over security and data breach issues. The seamless integration of voice analytics with current analytical systems may also be hampered by the dearth of experienced individuals who are adept at communicating investment prospects. Due to the potential impact on market growth, businesses must also take into account the costs related to integrating predictive analytics into speech analytics solutions.
Competitive Environment and Key Players: In this fast-moving market, a number of notable players have established themselves as leaders. CallMiner, NICE Systems, Verint Systems, Avaya, Inc., Genesys, Clarabridge, Voci Technologies, Zoom International, HPE, and Calabrio are some of the major companies reshaping the speech analytics market. These sector leaders consistently work to invent and provide cutting-edge speech analytic solutions that satisfy the changing requirements of businesses all around the world.
Market Ranking Analysis and Market Share: As the Speech Analytics Market grows, market ranking analysis and market share are essential measures of achievement and impact. As the major firms fight for a bigger piece of the market, their rivalry grows. By identifying the advantages and disadvantages of their rivals, firms can stay ahead of the competition by using in-depth market ranking analysis.
Market Outlook: The Speech Analytics Market has a bright future, with the technology becoming more and more crucial to companies’ success. The market is anticipated to experience steady expansion as call centres and businesses realise the significance of voice analytics in acquiring a competitive edge. The development of speech analytic solutions will be fueled by ongoing research and innovation, opening up new opportunities for companies in a variety of industries.
In conclusion, speech analytics provides organisations with an unrivalled opportunity to gain insightful knowledge from consumer interactions and improve performance. Enterprises can unlock the full potential of speech analytics and influence the direction of consumer engagement with the help of the appropriate strategies and advanced speech analytic solutions.
To get market data, market insights, financial statements and a comprehensive analysis of the Global Speech Analytics Market, please Contact Verified Market Research®.
Based on the research, Verified Market Research® has segmented the global Speech Analytics Market into Component, Application, End User, And Geography.
- Speech Analytics Market, by Component
- Solution
- Services
- Speech Analytics Market, by Application
- Customer experience management
- Call monitoring
- Agent performance monitoring
- Sales performance management
- Competitive intelligence
- Risk and compliance management
- Speech Analytics Market, by End User
- BFSI
- Retail and eCommerce
- Travel and Hospitality
- Government and Defense
- Healthcare and Life Sciences
- Speech Analytics Market, by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
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A recent warning from the FBI regarding a crypto money transmitter seems to be aimed at the Samourai Wallet. This development highlights the increasing scrutiny and regulatory challenges faced by privacy-focused cryptocurrency wallets and services.
The FBI warning raises concerns about the use of certain cryptocurrency wallets that prioritize user privacy and anonymity, potentially enabling illicit activities such as money laundering and terrorist financing. While the warning does not explicitly name any specific wallet or service, the language used suggests that the Samourai Wallet may be the target of the advisory.
Samourai Wallet is known for its focus on privacy and security features, including coin mixing and stealth addresses, which aim to enhance user privacy and protect against surveillance and tracking. However, these features have drawn the attention of law enforcement agencies and regulators, who are increasingly concerned about their potential misuse by criminals.
The FBI warning underscores the challenges faced by privacy-focused cryptocurrency wallets in navigating regulatory compliance and law enforcement scrutiny. While these wallets aim to empower users with greater control over their financial privacy, they must also address regulatory requirements and law enforcement concerns to avoid legal and reputational risks.
As the cryptocurrency industry continues to evolve, privacy-focused wallets like Samourai Wallet will need to strike a balance between privacy and compliance, ensuring that they can provide robust privacy features while also addressing regulatory concerns and maintaining transparency with authorities. This delicate balance is essential to foster trust and confidence among users and regulators alike, ultimately enabling the continued growth and adoption of privacy-enhancing technologies in the cryptocurrency space.
Source: cointelegraph.com
The post FBI warning against crypto money transmitters ‘appears’ to be aimed at mixers appeared first on HIPTHER Alerts.
Blockchain
Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets
Pantera Capital is reportedly planning to raise $1 billion for a new fund that offers exposure to various crypto assets, as reported by Blockchain.News. This ambitious fundraising initiative underscores Pantera’s continued confidence in the potential of the cryptocurrency market and its commitment to providing investors with diversified investment opportunities in the digital asset space.
The new fund from Pantera Capital aims to capitalize on the growing demand for exposure to cryptocurrencies and blockchain-based assets among institutional and retail investors. By offering a comprehensive portfolio of crypto assets, the fund seeks to provide investors with access to a wide range of investment opportunities, spanning cryptocurrencies, tokens, and other digital assets.
Pantera’s decision to raise $1 billion for the new fund reflects its optimistic outlook on the long-term growth prospects of the cryptocurrency market. With increasing mainstream adoption and institutional interest in cryptocurrencies, Pantera sees significant potential for value creation and capital appreciation in the digital asset space.
As one of the leading blockchain-focused investment firms, Pantera Capital is well-positioned to attract capital from investors seeking exposure to the cryptocurrency market. The firm’s track record of successful investments and its experienced team of investment professionals are likely to bolster investor confidence and support for the new fund.
Pantera Capital’s plans to raise $1 billion for its new fund underscore its commitment to driving innovation and growth in the cryptocurrency market. As the fund attracts capital and deploys it into promising investment opportunities, it is poised to play a key role in shaping the future of the digital asset ecosystem.
Source: blockchain.news
The post Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets appeared first on HIPTHER Alerts.
Blockchain
Existing Blockchains Can’t Adopt Post-Quantum Cryptography Without Significant User Impact, Says Johann Polecsak
Johann Polecsak argues that existing blockchains face significant challenges in adopting post-quantum cryptography without causing substantial disruption to users. This assessment highlights the complex and multifaceted nature of transitioning to new cryptographic standards in blockchain networks.
Post-quantum cryptography refers to cryptographic algorithms that are resistant to attacks from quantum computers, which have the potential to break traditional cryptographic schemes. While post-quantum cryptography offers enhanced security, implementing it in existing blockchain networks poses technical, operational, and usability challenges.
Polecsak suggests that transitioning to post-quantum cryptography could require significant changes to blockchain protocols, consensus mechanisms, and user interfaces. These changes may disrupt existing workflows, require modifications to software and hardware infrastructure, and necessitate coordination among network participants.
Furthermore, Polecsak emphasizes the importance of ensuring backward compatibility and interoperability during the transition to post-quantum cryptography. This is crucial to prevent fragmentation of the blockchain ecosystem and maintain continuity for users and applications.
Polecsak’s assessment underscores the complexities and trade-offs involved in adopting post-quantum cryptography in existing blockchain networks. While the transition promises improved security against quantum threats, it requires careful planning, coordination, and investment to minimize disruption and ensure a smooth transition for users and stakeholders. As the field of post-quantum cryptography continues to evolve, blockchain projects will need to carefully evaluate their options and strategies for implementing these new cryptographic standards.
Source: news.bitcoin.com
The post Existing Blockchains Can’t Adopt Post-Quantum Cryptography Without Significant User Impact, Says Johann Polecsak appeared first on HIPTHER Alerts.
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