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Report Overview

The global voice analytics market value reached USD 1131.84 Million in 2024. The voice analytics market is further expected to grow at a CAGR of around 15.80% in the forecast period of 2025-2034 to reach a value of nearly USD 4907.62 Million by 2034.

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

  • Voice analytics support businesses to extract valuable data from customer interactions by analysing sentiment, tone, and word choice while personalising customer interactions. The growing adoption of personalised marketing strategies by businesses is creating lucrative voice analytics market opportunities. Businesses are increasingly integrating voice analytics tools with marketing automation platforms and CRM systems to combine voice data with social media interactions, email campaigns, and website behaviours to deliver personalised messaging to customers.
  • With growing security concerns, key voice analytics players are increasingly implementing robust encryption protocols and security measures to comply with global data protection regulations and safeguard customer data. With regulations becoming more stringent, vendors are also incorporating features that ensure compliance with privacy laws like consent management and data anonymisation to enable businesses to securely handle customer data.
  • Sectors such as finance and healthcare are increasingly facing regulatory scrutiny, surging the demand for solutions that can monitor and analyse conversations for compliance. Voice analytics, by monitoring conversations for adherence to legal and ethical standards, is used to ensure compliance with stringent industry regulations and avoid fines and penalties. With the evolving regulatory landscape, voice analytics providers are developing tools that can effectively monitor conversations and adapt to specific legal requirements.

Compound Annual Growth Rate

Value in USD Million

15.8%

2025-2034


Voice Analytics Market Outlook

*this image is indicative*

Global Voice Analytics Market Report Summary Description Value
Base Year USD Million 2024
Historical Period USD Million 2018-2024
Forecast Period USD Million 2025-2034
Market Size 2024 USD Million 1131.84
Market Size 2034 USD Million 4907.62
CAGR 2018-2024 Percentage XX%
CAGR 2025-2034 Percentage 15.80%
CAGR 2025-2034 - Market by Region Asia Pacific 24.2%
CAGR 2025-2034 - Market by Country China 23.2%
CAGR 2025-2034 - Market by Country UK 22.0%
CAGR 2025-2034 - Market by Organisation Size Small and Medium-Sized Enterprises 23.4%
CAGR 2025-2034 - Market by End Use Banking, Financial Services, and Insurance 22.5%
Market Share by Country 2024 Germany 4.7%

Global Voice Analytics Market Growth

Voice analytics enables users to analyse the emotions and intentions of speakers by analysing recordings or conversations. The audio patterns are analysed for certain features such as tonality, stress, speed, pitch, and rhythm. This helps to improve client satisfaction as competitive intelligence decreases customer dissatisfaction through the identification of problematic clients and detects threats and fraud.

Key Trends and Developments

Global Voice Analytics Market Analysis

The demand for the voice analytics market is boosted by its ability to offer several advantages, such as deeper customer insights from detailed sentiment and behaviour analysis, increased operational efficiency through automated interaction analysis, and enhanced compliance and risk management by identifying regulatory issues.

The voice analytics market dynamics and trends are being driven by its ability to enhance sales and marketing effectiveness through the identification of customer trends and to improve employee performance via targeted training and development informed by interaction metrics. These advantages help businesses tailor their services, streamline operations, and optimise both customer and employee experiences.

Voice Analytics Industry Outlook

According to the ITU, India's mobile wireless telecom customer base expanded to 1,142.9 million in 2022, up from 886.3 million in 2013, with a compound annual growth rate (CAGR) of 2.9%. This growth is noteworthy in the context of the global telecom markets. China led the market with 1,780.6 million wireless telecom customers in 2022, showing a CAGR of 4.2% from 1,229.1 million in 2013. The United States experienced a growth from 310.7 million to 372.7 million wireless telecom customers during the same period, with a CAGR of 2.0%. Thailand's telecom customer base increased from 93.8 million in 2013 to 126.4 million in 2022, achieving a CAGR of 3.4%. 

Similarly, South Africa saw growth from 76.9 million to 100.3 million wireless telecom customers, with a CAGR of 3.0%.  This growth in the telecom industry indicates that telecom companies are increasingly using voice analytics to monitor and improve customer service, thereby boosting the growth of the voice analytics market revenue. 

Provides deep analysis of customer sentiments and behaviours, leading to improved service personalisation and customer satisfaction.

  • Automates data analysis, reducing manual effort and identifying improvement areas swiftly.
  • Helps businesses monitor and ensure compliance with regulations by detecting potential violations in conversations.

Initial setup and integration of voice analytics systems can be expensive for businesses.

  • Handling sensitive voice data raises privacy and security issues.
  • Requires specialised skills and training to effectively interpret and utilise analytics.

Increasing adoption of AI and data analytics across sectors expands opportunities in the voice analytics market.

  • Continuous improvements in AI and machine learning enhance voice analytics capabilities.
  • New use cases in customer service, security, and compliance offer growth avenues.

Evolving data protection regulations could impact how voice data is collected and used.

  • A rising number of competitors may drive down prices and affect profit margins.
  • Compatibility issues with existing systems can hinder adoption and effectiveness.

Key Players in the Global Voice Analytics Market and Their Key Initiatives

Calabrio, Inc.

  • Launched Insights, an advanced AI-powered business intelligence tool. 
  • Introduced an AI-powered Interaction Summary feature to meet the growing demand of the voice analytics market.

Thoughtspot Inc.

  • Expanded partnerships with Google Cloud. 
  • Introduced ThoughtSpot Sage. 

VoiceSense Ltd.

  • Launched advanced acoustic analysis tools for remote customer interaction monitoring. 
  • Introduced real-time predictive analytics for HR. 

Uniphore Technologies Inc.

  • Secured $400 million Series E funding. 
  • Launched U-Self Serve to capture the voice analytics market opportunities.

Voice Analytics Market

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Global Voice Analytics Industry Segmentation

“Global Voice Analytics Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Component

  • Software
  • Services

Market Breakup by Type

  • Cloud
  • On-Premises

Market Breakup by Organisation Size

  • Small and Medium Sized - Enterprises
  • Large Enterprises

Market Breakup by End Use

  • Banking, Financial Services, and Insurance
  • Retail and E-Commerce
  • Telecommunication
  • Healthcare
  • Government and Defence
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

CAGR 2025-2034 - Market by Organisation Size
Small and Medium-Sized Enterprises 23.4%
Large Enterprises XX%
CAGR 2025-2034 - Market by End Use
Banking, Financial Services, and Insurance 22.5%
Telecommunication 20.7%
Government and Defence 17.8%
Retail and E-Commerce XX%
Healthcare XX%
Others XX%
CAGR 2025-2034 - Market by Region
Asia Pacific 24.2%
Europe 20.6%
Latin America 18.4%
North America XX%
Middle East and Africa XX%
CAGR 2025-2034 - Market by Country
China 23.2%
UK 22.0%
Brazil 21.1%
Germany 19.8%
Canada 19.6%
USA XX%
France 18.8%
Italy XX%
Japan XX%
India XX%
Australia XX%
Saudi Arabia XX%
Mexico XX%

Voice Analytics Market by Region

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Voice Analytics Market Share

The growth of the voice analytics industry is being driven by several factors. Cloud-based voice analytics offers scalability for managing large data volumes, remote accessibility from anywhere, and cost efficiency through subscription-based pricing. It also includes automatic updates and strong disaster recovery features, improving data protection and business continuity. 

On-premises voice analytics provides enhanced control over data security and privacy, customizable solutions for specific needs, and potentially faster data processing. It also facilitates compliance with regulatory requirements and integrates smoothly with existing IT infrastructure and legacy systems, further fuelling voice analytics market demand.

Leading Companies in the Voice Analytics Market

Key voice analytics market players are focusing on technological advancements to improve the depth and accuracy of voice recognition, emotion detection, and sentiment analysis. Voice analytics companies are also attempting to integrate voice analytics with other business systems such as workforce optimisation tools, customer relationship management (CRM), and customer experience (CX) platforms to improve agent performance, enhance customer engagement, and streamline operations.

Calabrio, Inc.

Calabrio, Inc., headquartered in Minnesota, United States, and founded in 2007, is a company that provides services to support companies enhance and streamline workforce management and customer service operations. Its Calabrio ONE software enables organisations to unite agent engagement, workforce optimisation, and business intelligence solutions into a fully integrated suite.

Thoughtspot Inc.

Thoughtspot Inc., headquartered in California, United States, and founded in 2012, is an AI-powered analytics company that supports organisations to create personalised insights to drive decision-making. The company’s intuitive natural language search enables users to generate answers from their business data from every point of decision. Its solutions and services are used by companies like Hilton Worldwide, Huel, Capital One, and NVIDIA, among others.

Vocalis Health, Inc.

Vocalis Health, Inc., founded in 2019 and headquartered in Massachusetts, United States, is a developer of AI-based platform that employs voice analysis to evaluate the health status of an individual. The company was formed by the merger of Healthymize and Beyond Verbal, two early-stage Israeli AI health technology companies and its products are cleared by the FDA and CE.

VoiceSense Ltd.

VoiceSense Ltd., headquartered in Tel Aviv, Israel, is a company that specialises in predictive and behavioural speech analytics. It also provides personalised prediction about a person’s behaviour for use in fields such as human capital recruiting and retention, risk management, sales conversion, and healthcare, among others.

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other key players in the voice analytics market include Uniphore Technologies Inc, VoiceBase, Inc., Talkdesk, Inc., Verint Systems Inc, and NICE Ltd., among others.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2024, the global voice analytics market attained a value of nearly USD 1131.84 Million.

The market is projected to grow at a CAGR of 15.80% between 2025 and 2034.

The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach about USD 4907.62 Million by 2034.

The major drivers of the market include the increasing emphasis on risk and fraud detection, rising impact of AI and individual experience, increasing use of cloud-based solutions, growth in digital marketing spending, and increased technological expenditures by government agencies.

The increasing need to gain information from customer interactions and the rising demand to track efficiency of agents are the key trends propelling the market's growth.

The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

The major components in the voice analytics market are software and services.

The types of voice analytics in the market are cloud and on-premises.

Based on the organisation size, the market can be divided into small and medium-sized enterprises and large enterprises.

The end uses of voice analytics in the market are banking, financial services, insurance, retail and e-commerce, telecommunication, healthcare, and government and defence, among others.

The competitive landscape consists of Calabrio, Inc., Vocalis Health, Inc., Thoughtspot Inc., VoiceSense Ltd., Uniphore Technologies Inc., VoiceBase, Inc., Talkdesk, Inc., Verint Systems Inc., and NICE Ltd., among others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2024
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Component
  • Type
  • Organisation Size
  • End Use
  • Region
Breakup by Component
  • Software
  • Services
Breakup by Type
  • Cloud
  • On-Premises
Breakup by Organisation Size
  • Small and Medium Sized - Enterprises
  • Large Enterprises
Breakup by End Use
  • Banking, Financial Services, and Insurance
  • Retail and E-Commerce
  • Telecommunication
  • Healthcare
  • Government and Defence
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Calabrio, Inc.
  • Thoughtspot Inc.
  • Vocalis Health, Inc.
  • VoiceSense Ltd.
  • Uniphore Technologies Inc
  • VoiceBase, Inc.
  • Talkdesk, Inc.
  • Verint Systems Inc (NASDAQ: VRNT)
  • NICE Ltd.
  • Others 
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