Product Code: ETC4397965 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
Voice analytics solutions are gaining prominence in India as organizations seek to extract insights from customer interactions. These solutions analyze spoken words and tones to identify sentiments, trends, and opportunities for improvement in customer service, sales, and marketing.
In India, the Voice Analytics market is witnessing substantial growth due to the rising importance of customer experience and feedback analysis. Companies are leveraging voice analytics to gain insights from customer interactions and enhance their services. The proliferation of call centers, coupled with the need for sentiment analysis and voice recognition technologies, is fueling the demand for voice analytics solutions.
The voice analytics market in India faces several challenges, one of which is the diversity of languages and accents in the country. Accurate voice recognition and analysis across multiple languages can be a complex task. Privacy and consent issues are significant concerns as voice data often involves personal or sensitive information. Compliance with data protection regulations is a challenge that companies need to address. Limited infrastructure in terms of internet connectivity and hardware can also hinder the widespread adoption of voice analytics solutions, particularly in rural areas. Additionally, the high cost of implementing and maintaining voice analytics technology can be a barrier for smaller businesses and startups.
The COVID-19 pandemic brought changes in customer behavior, especially in the contact center and customer service industry. Voice analytics solutions have been instrumental in understanding customer sentiments, addressing concerns, and enhancing customer experiences. With a surge in call volumes and remote work, businesses in India increasingly turned to voice analytics to manage customer interactions effectively.
The India Voice Analytics market is characterized by key players specializing in speech and voice analysis solutions. Leading companies like Verint Systems, NICE Systems, Genesys, and Aspect Software offer voice analytics tools that assist businesses in India in understanding customer interactions, improving customer service, and enhancing operational efficiency by gaining insights from voice data.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Voice Analytics Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Voice Analytics Market Revenues & Volume, 2021 & 2031F |
3.3 India Voice Analytics Market - Industry Life Cycle |
3.4 India Voice Analytics Market - Porter's Five Forces |
3.5 India Voice Analytics Market Revenues & Volume Share, By Component , 2021 & 2031F |
3.6 India Voice Analytics Market Revenues & Volume Share, By Application , 2021 & 2031F |
3.7 India Voice Analytics Market Revenues & Volume Share, By Deployment Model, 2021 & 2031F |
3.8 India Voice Analytics Market Revenues & Volume Share, By Organization Size, 2021 & 2031F |
3.9 India Voice Analytics Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
4 India Voice Analytics Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Voice Analytics Market Trends |
6 India Voice Analytics Market, By Types |
6.1 India Voice Analytics Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 India Voice Analytics Market Revenues & Volume, By Component , 2021-2031F |
6.1.3 India Voice Analytics Market Revenues & Volume, By Solution , 2021-2031F |
6.1.4 India Voice Analytics Market Revenues & Volume, By Services, 2021-2031F |
6.2 India Voice Analytics Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Voice Analytics Market Revenues & Volume, By Sentiment Analysis, 2021-2031F |
6.2.3 India Voice Analytics Market Revenues & Volume, By Sales and Marketing Management, 2021-2031F |
6.2.4 India Voice Analytics Market Revenues & Volume, By Risk and Fraud Detection, 2021-2031F |
6.2.5 India Voice Analytics Market Revenues & Volume, By Call Monitoring, 2021-2031F |
6.2.6 India Voice Analytics Market Revenues & Volume, By Others (Reporting and Workforce Management), 2021-2031F |
6.3 India Voice Analytics Market, By Deployment Model |
6.3.1 Overview and Analysis |
6.3.2 India Voice Analytics Market Revenues & Volume, By On-premises, 2021-2031F |
6.3.3 India Voice Analytics Market Revenues & Volume, By Cloud, 2021-2031F |
6.4 India Voice Analytics Market, By Organization Size |
6.4.1 Overview and Analysis |
6.4.2 India Voice Analytics Market Revenues & Volume, By Large Enterprises, 2021-2031F |
6.4.3 India Voice Analytics Market Revenues & Volume, By Small and Medium-Sized Enterprises (SMEs), 2021-2031F |
6.5 India Voice Analytics Market, By Vertical |
6.5.1 Overview and Analysis |
6.5.2 India Voice Analytics Market Revenues & Volume, By BFSI, 2021-2031F |
6.5.3 India Voice Analytics Market Revenues & Volume, By Retail and eCommerce, 2021-2031F |
6.5.4 India Voice Analytics Market Revenues & Volume, By Healthcare, 2021-2031F |
6.5.5 India Voice Analytics Market Revenues & Volume, By Telecommunication, 2021-2031F |
6.5.6 India Voice Analytics Market Revenues & Volume, By Government and Defense, 2021-2031F |
6.5.7 India Voice Analytics Market Revenues & Volume, By Others, 2021-2031F |
7 India Voice Analytics Market Import-Export Trade Statistics |
7.1 India Voice Analytics Market Export to Major Countries |
7.2 India Voice Analytics Market Imports from Major Countries |
8 India Voice Analytics Market Key Performance Indicators |
9 India Voice Analytics Market - Opportunity Assessment |
9.1 India Voice Analytics Market Opportunity Assessment, By Component , 2021 & 2031F |
9.2 India Voice Analytics Market Opportunity Assessment, By Application , 2021 & 2031F |
9.3 India Voice Analytics Market Opportunity Assessment, By Deployment Model, 2021 & 2031F |
9.4 India Voice Analytics Market Opportunity Assessment, By Organization Size, 2021 & 2031F |
9.5 India Voice Analytics Market Opportunity Assessment, By Vertical, 2021 & 2031F |
10 India Voice Analytics Market - Competitive Landscape |
10.1 India Voice Analytics Market Revenue Share, By Companies, 2024 |
10.2 India Voice Analytics Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |