Europe Medical Speech Recognition Software Market Size & Outlook
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Europe medical speech recognition software market highlights
- The Europe medical speech recognition software market generated a revenue of USD 346.6 million in 2023.
- The market is expected to grow at a CAGR of 10.7% from 2024 to 2030.
- In terms of segment, cloud based was the largest revenue generating deployment in 2023.
- Cloud Based is the most lucrative deployment segment registering the fastest growth during the forecast period.
Europe data book summary
| Market revenue in 2023 | USD 346.6 million |
| Market revenue in 2030 | USD 706.4 million |
| Growth rate | 10.7% (CAGR from 2024 to 2030) |
| Largest segment | Cloud based |
| Fastest growing segment | Cloud Based |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cloud Based |
| Key market players worldwide | Nuance Communications, Amazon Web Services, 3M Co, International Business Machines Corp, Microsoft Corp, DeepScribe, Augnito, Deepgram, ScienceSoft USA Corporation, PrognoCIS, WebChartMD, Dolbey, Lexacom, SpeechWrite Digital |
Other key industry trends
- In terms of revenue, Europe region accounted for 22.8% of the global medical speech recognition software market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 399.3 million by 2030.
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Medical Speech Recognition Software Market Scope
Medical Speech Recognition Software Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| S10.AI | View profile | 51-100 | New York, New York, United States, North America | https://s10.ai |
| SpeechWrite Digital | View profile | 11-50 | Birmingham, Birmingham, United Kingdom, Europe | https://www.speechwrite.com/ |
| Lexacom | View profile | 11-50 | Banbury, Oxfordshire, United Kingdom, Europe | https://www.lexacom.co.uk |
| Dolbey | View profile | 51-100 | Cincinnati, Ohio, United States, North America | http://www.dolbey.com/ |
| WebChartMD | View profile | 1-10 | Johnson City, Tennessee, United States, North America | https://www.webchartmd.org |
| PrognoCIS | View profile | 251-500 | San Jose, California, United States, North America | https://prognocis.com/ |
| Deepgram | View profile | 51-100 | San Francisco, California, United States, North America | https://deepgram.com/ |
| Augnito | View profile | 101-250 | Mumbai, Maharashtra, India, Asia | https://augnito.ai |
| DeepScribe | View profile | 51-100 | San Francisco, California, United States, North America | https://www.deepscribe.ai |
| Amazon Web Services | View profile | 10001+ | Seattle, Washington, United States, North America | http://aws.amazon.com |
| ScienceSoft USA Corporation | View profile | 501-1000 | Mckinney, Texas, United States, North America | https://www.scnsoft.com |
| Nuance Communications | View profile | 5001-10000 | Burlington, Massachusetts, United States, North America | http://www.nuance.com |
| 3M Co | View profile | 85000 | 3M Center, St. Paul, MN, United States, 55144 | https://www.3m.com |
| Microsoft Corp | View profile | 221000 | One Microsoft Way, Redmond, WA, United States, 98052-6399 | https://www.microsoft.com |
| International Business Machines Corp | View profile | 282200 | One New Orchard Road, Armonk, NY, United States, 10504 | http://www.ibm.com |
Europe medical speech recognition software market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to medical speech recognition software market will help companies and investors design strategic landscapes.
Cloud based was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Europe medical speech recognition software market based on cloud based covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of medical speech recognition software market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe medical speech recognition software market , including forecasts for subscribers. This continent databook contains high-level insights into Europe medical speech recognition software market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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