Cloud Dictation Solution Market to Grow at Robust CAGR by 2027

A voice productivity tool called cloud dictation solutions helps in real-time transcription as well as real-time recording and editing of spoken words. This SaaS-based cloud system integrates digital dictation, task sharing, and mobile applications.

With fast transcription on the cloud, smartphones like the iPhone, Android, Windows, and Blackberry are now used as digital dictation devices.

Administrators of a cloud dictation service can add or remove users, allocate author/typist workflow, manage the dictation archive, backup and download dictations, search for dictations, and view a user’s system usage all from a single straightforward web interface.

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Features of cloud dictation solution include

  • Recording and sending dictations to support team from smartphone, tablet or desktop
  • Prioritizing the most urgent tasks and setting progress alerts for on time completion of work processes
  • Attaching documents, photos or important links to the dictations
  • Monitor the progress of all of the tasks at one place and in real time

Cloud Dictation Solution Market: Drivers and Restraints

The market for cloud dictation solutions is expanding as a result of factors such as the adoption of digital dictation due to increased digitization, the use of cloud-based services, the rise in smartphone usage, rising investments by businesses in SaaS-based services, and ongoing changes in business workflow processes as a result of contemporary IT trends and hardware devices.

However, the market for cloud dictation solutions is being constrained by considerations like high starting costs, data security concerns, and a lack of experienced labour.

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Cloud Dictation Solution Market: Segmentation

The market for cloud dictation solutions can be divided geographically, by industrial vertical, by end-user size, and by dictation system. On the basis of dictation system, it may be further divided into mobile phone apps, call-in dictation systems, portable recorders, and computer dictation microphones.

The cloud dictation solution market may be further divided into major enterprises and small and medium enterprises based on end-user size. It can be divided into IT and Telecom, Healthcare, Travel and Hospitality, Government, Manufacturing, Retail, Media and Entertainment, Energy and Utility, and Others on the basis of industry vertical.

Cloud Dictation Solution Market: Trends

One of the significant trends in the cloud dictation industry is the usage of smartphone applications that enable dictation systems while maintaining high levels of dictation security, such as SpeechLive, a dictation workflow solution created by Speech Processing Solutions.

While recording and storing the dictations in the cloud, this system encrypts the dictations. Another development in this sector is the transcribing service SpeechScribe, which types as the speaker speaks.

Cloud Dictation Solution Market: Key Players

iScribe Healthcare, Inc., BigHand, Cloud Dictation, VoiceCloud, Arrendale Associates, Inc., and Speech Processing Solutions are a few of the leading companies in the market for cloud dictation solutions.

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The report covers exhaustive analysis on

  • Cloud Dictation Solution Market Segments
  • Cloud Dictation Solution Market Dynamics
  • Historical Actual Market Size, 2012 – 2016
  • Cloud Dictation Solution Market Size & Forecast 2017 to 2027
  • Supply & Demand Value Chain for Cloud Dictation Solution Market
  • Cloud Dictation Solution Market Current Trends/Issues/Challenges
  • Competition & Companies involved in Cloud Dictation Solution Market
  • Cloud Dictation Solution Technology
  • Value Chain of Cloud Dictation Solution
  • Cloud Dictation Solution Market Drivers and Restraints

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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