The global market for Online Transcription Software and Service was estimated to be worth US$ 4416 million in 2024 and is forecast to a readjusted size of US$ 9664 million by 2031 with a CAGR of 12.0% during the forecast period 2025-2031.
Online transcription software and services refer to technologies that convert audio or video content into text through either automated or manual processes. With the continuous advancement of digitalization, online transcription software has become an essential tool in various industries, especially in media, education, law, healthcare, and more, offering substantial application value. Online transcription software utilizes speech recognition, artificial intelligence, and natural language processing technologies to quickly and accurately convert spoken content into editable text files, significantly improving work efficiency.
With the continuous advancement of artificial intelligence technology, the online transcription software and services market is experiencing rapid growth. One of the key drivers of market development is the increasing demand for efficient information processing and seamless communication. In industries like law, healthcare, and education, accurate transcription services are crucial for recording, analysis, and archiving, which drives the demand for online transcription services in these fields. Additionally, with the rise of video content and audio data, the media industry's demand for fast and efficient transcription services is also growing.
However, the online transcription software market faces some risks and challenges. While automated transcription offers advantages in terms of speed and cost, accuracy remains a bottleneck, especially when dealing with complex technical terminology or multi-language audio. Moreover, privacy and data protection issues are a major concern, particularly in fields like healthcare and law, where transcription involves sensitive information, and users have high expectations for data security.
In terms of market concentration, the competitive landscape of the online transcription software and services market is relatively fragmented, with large tech companies and specialized transcription service providers occupying a portion of the market share. However, as technology becomes more accessible and the market continues to expand, small and medium-sized enterprises are also entering the space, competing for market share with innovative and differentiated services.
In terms of downstream demand trends, with the rise of remote work and online education, the demand for efficient transcription services has further increased. Users are not only looking for faster transcription but also expect improvements in accuracy, language coverage, and diverse functionalities. The latest technological trends include the application of deep learning and natural language processing, which help improve speech recognition accuracy and handle various accents and complex speech environments.
This report aims to provide a comprehensive presentation of the global market for Online Transcription Software and Service, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Online Transcription Software and Service by region & country, by Type, and by Application.
The Online Transcription Software and Service market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Online Transcription Software and Service.
Market Segmentation
By Company
- Verbit
- Acusis
- Rev
- TranscribeMe
- Way With Words
- Babbletype
- Trint
- Temi
- eScribers
- Otter.ai
- GoTranscript
- Scribie
- Sonix
- Casting Words
- Transcription Panda
- SpeakWrite
- Quicktate
- Crowdsurf
- Transcribe by Wreally
- Speechpad
- Happy Scribe
- Transcription Outsourcing
- Maestra
- Take1
- dictate2us
- GMR Transcription
- VEED
- Sembly
- Descript
Segment by Type
Segment by Application
- Medical
- Educate
- BFSI
- Law
- Media
- Others
By Region
- North America
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Netherlands
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Online Transcription Software and Service company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Revenue of Online Transcription Software and Service in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Online Transcription Software and Service in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Table of Contents
1 Market Overview
- 1.1 Online Transcription Software and Service Product Introduction
- 1.2 Global Online Transcription Software and Service Market Size Forecast (2020-2031)
- 1.3 Online Transcription Software and Service Market Trends & Drivers
- 1.3.1 Online Transcription Software and Service Industry Trends
- 1.3.2 Online Transcription Software and Service Market Drivers & Opportunity
- 1.3.3 Online Transcription Software and Service Market Challenges
- 1.3.4 Online Transcription Software and Service Market Restraints
- 1.4 Assumptions and Limitations
- 1.5 Study Objectives
- 1.6 Years Considered
2 Competitive Analysis by Company
- 2.1 Global Online Transcription Software and Service Players Revenue Ranking (2024)
- 2.2 Global Online Transcription Software and Service Revenue by Company (2020-2025)
- 2.3 Key Companies Online Transcription Software and Service Manufacturing Base Distribution and Headquarters
- 2.4 Key Companies Online Transcription Software and Service Product Offered
- 2.5 Key Companies Time to Begin Mass Production of Online Transcription Software and Service
- 2.6 Online Transcription Software and Service Market Competitive Analysis
- 2.6.1 Online Transcription Software and Service Market Concentration Rate (2020-2025)
- 2.6.2 Global 5 and 10 Largest Companies by Online Transcription Software and Service Revenue in 2024
- 2.6.3 Global Top Companies by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Online Transcription Software and Service as of 2024)
- 2.7 Mergers & Acquisitions, Expansion
3 Segmentation by Type
- 3.1 Introduction by Type
- 3.1.1 Services
- 3.1.2 Software
- 3.2 Global Online Transcription Software and Service Sales Value by Type
- 3.2.1 Global Online Transcription Software and Service Sales Value by Type (2020 VS 2024 VS 2031)
- 3.2.2 Global Online Transcription Software and Service Sales Value, by Type (2020-2031)
- 3.2.3 Global Online Transcription Software and Service Sales Value, by Type (%) (2020-2031)
4 Segmentation by Application
- 4.1 Introduction by Application
- 4.1.1 Medical
- 4.1.2 Educate
- 4.1.3 BFSI
- 4.1.4 Law
- 4.1.5 Media
- 4.1.6 Others
- 4.2 Global Online Transcription Software and Service Sales Value by Application
- 4.2.1 Global Online Transcription Software and Service Sales Value by Application (2020 VS 2024 VS 2031)
- 4.2.2 Global Online Transcription Software and Service Sales Value, by Application (2020-2031)
- 4.2.3 Global Online Transcription Software and Service Sales Value, by Application (%) (2020-2031)
5 Segmentation by Region
- 5.1 Global Online Transcription Software and Service Sales Value by Region
- 5.1.1 Global Online Transcription Software and Service Sales Value by Region: 2020 VS 2024 VS 2031
- 5.1.2 Global Online Transcription Software and Service Sales Value by Region (2020-2025)
- 5.1.3 Global Online Transcription Software and Service Sales Value by Region (2026-2031)
- 5.1.4 Global Online Transcription Software and Service Sales Value by Region (%), (2020-2031)
- 5.2 North America
- 5.2.1 North America Online Transcription Software and Service Sales Value, 2020-2031
- 5.2.2 North America Online Transcription Software and Service Sales Value by Country (%), 2024 VS 2031
- 5.3 Europe
- 5.3.1 Europe Online Transcription Software and Service Sales Value, 2020-2031
- 5.3.2 Europe Online Transcription Software and Service Sales Value by Country (%), 2024 VS 2031
- 5.4 Asia Pacific
- 5.4.1 Asia Pacific Online Transcription Software and Service Sales Value, 2020-2031
- 5.4.2 Asia Pacific Online Transcription Software and Service Sales Value by Region (%), 2024 VS 2031
- 5.5 South America
- 5.5.1 South America Online Transcription Software and Service Sales Value, 2020-2031
- 5.5.2 South America Online Transcription Software and Service Sales Value by Country (%), 2024 VS 2031
- 5.6 Middle East & Africa
- 5.6.1 Middle East & Africa Online Transcription Software and Service Sales Value, 2020-2031
- 5.6.2 Middle East & Africa Online Transcription Software and Service Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
- 6.1 Key Countries/Regions Online Transcription Software and Service Sales Value Growth Trends, 2020 VS 2024 VS 2031
- 6.2 Key Countries/Regions Online Transcription Software and Service Sales Value, 2020-2031
- 6.3 United States
- 6.3.1 United States Online Transcription Software and Service Sales Value, 2020-2031
- 6.3.2 United States Online Transcription Software and Service Sales Value by Type (%), 2024 VS 2031
- 6.3.3 United States Online Transcription Software and Service Sales Value by Application, 2024 VS 2031
- 6.4 Europe
- 6.4.1 Europe Online Transcription Software and Service Sales Value, 2020-2031
- 6.4.2 Europe Online Transcription Software and Service Sales Value by Type (%), 2024 VS 2031
- 6.4.3 Europe Online Transcription Software and Service Sales Value by Application, 2024 VS 2031
- 6.5 China
- 6.5.1 China Online Transcription Software and Service Sales Value, 2020-2031
- 6.5.2 China Online Transcription Software and Service Sales Value by Type (%), 2024 VS 2031
- 6.5.3 China Online Transcription Software and Service Sales Value by Application, 2024 VS 2031
- 6.6 Japan
- 6.6.1 Japan Online Transcription Software and Service Sales Value, 2020-2031
- 6.6.2 Japan Online Transcription Software and Service Sales Value by Type (%), 2024 VS 2031
- 6.6.3 Japan Online Transcription Software and Service Sales Value by Application, 2024 VS 2031
- 6.7 South Korea
- 6.7.1 South Korea Online Transcription Software and Service Sales Value, 2020-2031
- 6.7.2 South Korea Online Transcription Software and Service Sales Value by Type (%), 2024 VS 2031
- 6.7.3 South Korea Online Transcription Software and Service Sales Value by Application, 2024 VS 2031
- 6.8 Southeast Asia
- 6.8.1 Southeast Asia Online Transcription Software and Service Sales Value, 2020-2031
- 6.8.2 Southeast Asia Online Transcription Software and Service Sales Value by Type (%), 2024 VS 2031
- 6.8.3 Southeast Asia Online Transcription Software and Service Sales Value by Application, 2024 VS 2031
- 6.9 India
- 6.9.1 India Online Transcription Software and Service Sales Value, 2020-2031
- 6.9.2 India Online Transcription Software and Service Sales Value by Type (%), 2024 VS 2031
- 6.9.3 India Online Transcription Software and Service Sales Value by Application, 2024 VS 2031
7 Company Profiles
- 7.1 Verbit
- 7.1.1 Verbit Profile
- 7.1.2 Verbit Main Business
- 7.1.3 Verbit Online Transcription Software and Service Products, Services and Solutions
- 7.1.4 Verbit Online Transcription Software and Service Revenue (US$ Million) & (2020-2025)
- 7.1.5 Verbit Recent Developments
- 7.2 Acusis
- 7.2.1 Acusis Profile
- 7.2.2 Acusis Main Business
- 7.2.3 Acusis Online Transcription Software and Service Products, Services and Solutions
- 7.2.4 Acusis Online Transcription Software and Service Revenue (US$ Million) & (2020-2025)
- 7.2.5 Acusis Recent Developments
- 7.3 Rev
- 7.3.1 Rev Profile
- 7.3.2 Rev Main Business
- 7.3.3 Rev Online Transcription Software and Service Products, Services and Solutions
- 7.3.4 Rev Online Transcription Software and Service Revenue (US$ Million) & (2020-2025)
- 7.3.5 Rev Recent Developments
- 7.4 TranscribeMe
- 7.4.1 TranscribeMe Profile
- 7.4.2 TranscribeMe Main Business
- 7.4.3 TranscribeMe Online Transcription Software and Service Products, Services and Solutions
- 7.4.4 TranscribeMe Online Transcription Software and Service Revenue (US$ Million) & (2020-2025)
- 7.4.5 TranscribeMe Recent Developments
- 7.5 Way With Words
- 7.5.1 Way With Words Profile
- 7.5.2 Way With Words Main Business
- 7.5.3 Way With Words Online Transcription Software and Service Products, Services and Solutions
- 7.5.4 Way With Words Online Transcription Software and Service Revenue (US$ Million) & (2020-2025)
- 7.5.5 Way With Words Recent Developments
- 7.6 Babbletype
- 7.6.1 Babbletype Profile
- 7.6.2 Babbletype Main Business
- 7.6.3 Babbletype Online Transcription Software and Service Products, Services and Solutions
- 7.6.4 Babbletype Online Transcription Software and Service Revenue (US$ Million) & (2020-2025)
- 7.6.5 Babbletype Recent Developments
- 7.7 Trint
- 7.7.1 Trint Profile
- 7.7.2 Trint Main Business
- 7.7.3 Trint Online Transcription Software and Service Products, Services and Solutions
- 7.7.4 Trint Online Transcription Software and Service Revenue (US$ Million) & (2020-2025)
- 7.7.5 Trint Recent Developments
- 7.8 Temi
- 7.8.1 Temi Profile
- 7.8.2 Temi Main Business
- 7.8.3 Temi Online Transcription Software and Service Products, Services and Solutions
- 7.8.4 Temi Online Transcription Software and Service Revenue (US$ Million) & (2020-2025)
- 7.8.5 Temi Recent Developments
- 7.9 eScribers
- 7.9.1 eScribers Profile
- 7.9.2 eScribers Main Business
- 7.9.3 eScribers Online Transcription Software and Service Products, Services and Solutions
- 7.9.4 eScribers Online Transcription Software and Service Revenue (US$ Million) & (2020-2025)
- 7.9.5 eScribers Recent Developments
- 7.10 Otter.ai
- 7.10.1 Otter.ai Profile
- 7.10.2 Otter.ai Main Business
- 7.10.3 Otter.ai Online Transcription Software and Service Products, Services and Solutions
- 7.10.4 Otter.ai Online Transcription Software and Service Revenue (US$ Million) & (2020-2025)
- 7.10.5 Otter.ai Recent Developments
- 7.11 GoTranscript
- 7.11.1 GoTranscript Profile
- 7.11.2 GoTranscript Main Business
- 7.11.3 GoTranscript Online Transcription Software and Service Products, Services and Solutions
- 7.11.4 GoTranscript Online Transcription Software and Service Revenue (US$ Million) & (2020-2025)
- 7.11.5 GoTranscript Recent Developments
- 7.12 Scribie
- 7.12.1 Scribie Profile
- 7.12.2 Scribie Main Business
- 7.12.3 Scribie Online Transcription Software and Service Products, Services and Solutions
- 7.12.4 Scribie Online Transcription Software and Service Revenue (US$ Million) & (2020-2025)
- 7.12.5 Scribie Recent Developments
- 7.13 Sonix
- 7.13.1 Sonix Profile
- 7.13.2 Sonix Main Business
- 7.13.3 Sonix Online Transcription Software and Service Products, Services and Solutions
- 7.13.4 Sonix Online Transcription Software and Service Revenue (US$ Million) & (2020-2025)
- 7.13.5 Sonix Recent Developments
- 7.14 Casting Words
- 7.14.1 Casting Words Profile
- 7.14.2 Casting Words Main Business
- 7.14.3 Casting Words Online Transcription Software and Service Products, Services and Solutions
- 7.14.4 Casting Words Online Transcription Software and Service Revenue (US$ Million) & (2020-2025)
- 7.14.5 Casting Words Recent Developments
- 7.15 Transcription Panda
- 7.15.1 Transcription Panda Profile
- 7.15.2 Transcription Panda Main Business
- 7.15.3 Transcription Panda Online Transcription Software and Service Products, Services and Solutions
- 7.15.4 Transcription Panda Online Transcription Software and Service Revenue (US$ Million) & (2020-2025)
- 7.15.5 Transcription Panda Recent Developments
- 7.16 SpeakWrite
- 7.16.1 SpeakWrite Profile
- 7.16.2 SpeakWrite Main Business
- 7.16.3 SpeakWrite Online Transcription Software and Service Products, Services and Solutions
- 7.16.4 SpeakWrite Online Transcription Software and Service Revenue (US$ Million) & (2020-2025)
- 7.16.5 SpeakWrite Recent Developments
- 7.17 Quicktate
- 7.17.1 Quicktate Profile
- 7.17.2 Quicktate Main Business
- 7.17.3 Quicktate Online Transcription Software and Service Products, Services and Solutions
- 7.17.4 Quicktate Online Transcription Software and Service Revenue (US$ Million) & (2020-2025)
- 7.17.5 Quicktate Recent Developments
- 7.18 Crowdsurf
- 7.18.1 Crowdsurf Profile
- 7.18.2 Crowdsurf Main Business
- 7.18.3 Crowdsurf Online Transcription Software and Service Products, Services and Solutions
- 7.18.4 Crowdsurf Online Transcription Software and Service Revenue (US$ Million) & (2020-2025)
- 7.18.5 Crowdsurf Recent Developments
- 7.19 Transcribe by Wreally
- 7.19.1 Transcribe by Wreally Profile
- 7.19.2 Transcribe by Wreally Main Business
- 7.19.3 Transcribe by Wreally Online Transcription Software and Service Products, Services and Solutions
- 7.19.4 Transcribe by Wreally Online Transcription Software and Service Revenue (US$ Million) & (2020-2025)
- 7.19.5 Transcribe by Wreally Recent Developments
- 7.20 Speechpad
- 7.20.1 Speechpad Profile
- 7.20.2 Speechpad Main Business
- 7.20.3 Speechpad Online Transcription Software and Service Products, Services and Solutions
- 7.20.4 Speechpad Online Transcription Software and Service Revenue (US$ Million) & (2020-2025)
- 7.20.5 Speechpad Recent Developments
- 7.21 Happy Scribe
- 7.21.1 Happy Scribe Profile
- 7.21.2 Happy Scribe Main Business
- 7.21.3 Happy Scribe Online Transcription Software and Service Products, Services and Solutions
- 7.21.4 Happy Scribe Online Transcription Software and Service Revenue (US$ Million) & (2020-2025)
- 7.21.5 Happy Scribe Recent Developments
- 7.22 Transcription Outsourcing
- 7.22.1 Transcription Outsourcing Profile
- 7.22.2 Transcription Outsourcing Main Business
- 7.22.3 Transcription Outsourcing Online Transcription Software and Service Products, Services and Solutions
- 7.22.4 Transcription Outsourcing Online Transcription Software and Service Revenue (US$ Million) & (2020-2025)
- 7.22.5 Transcription Outsourcing Recent Developments
- 7.23 Maestra
- 7.23.1 Maestra Profile
- 7.23.2 Maestra Main Business
- 7.23.3 Maestra Online Transcription Software and Service Products, Services and Solutions
- 7.23.4 Maestra Online Transcription Software and Service Revenue (US$ Million) & (2020-2025)
- 7.23.5 Maestra Recent Developments
- 7.24 Take1
- 7.24.1 Take1 Profile
- 7.24.2 Take1 Main Business
- 7.24.3 Take1 Online Transcription Software and Service Products, Services and Solutions
- 7.24.4 Take1 Online Transcription Software and Service Revenue (US$ Million) & (2020-2025)
- 7.24.5 Take1 Recent Developments
- 7.25 dictate2us
- 7.25.1 dictate2us Profile
- 7.25.2 dictate2us Main Business
- 7.25.3 dictate2us Online Transcription Software and Service Products, Services and Solutions
- 7.25.4 dictate2us Online Transcription Software and Service Revenue (US$ Million) & (2020-2025)
- 7.25.5 dictate2us Recent Developments
- 7.26 GMR Transcription
- 7.26.1 GMR Transcription Profile
- 7.26.2 GMR Transcription Main Business
- 7.26.3 GMR Transcription Online Transcription Software and Service Products, Services and Solutions
- 7.26.4 GMR Transcription Online Transcription Software and Service Revenue (US$ Million) & (2020-2025)
- 7.26.5 GMR Transcription Recent Developments
- 7.27 VEED
- 7.27.1 VEED Profile
- 7.27.2 VEED Main Business
- 7.27.3 VEED Online Transcription Software and Service Products, Services and Solutions
- 7.27.4 VEED Online Transcription Software and Service Revenue (US$ Million) & (2020-2025)
- 7.27.5 VEED Recent Developments
- 7.28 Sembly
- 7.28.1 Sembly Profile
- 7.28.2 Sembly Main Business
- 7.28.3 Sembly Online Transcription Software and Service Products, Services and Solutions
- 7.28.4 Sembly Online Transcription Software and Service Revenue (US$ Million) & (2020-2025)
- 7.28.5 Sembly Recent Developments
- 7.29 Descript
- 7.29.1 Descript Profile
- 7.29.2 Descript Main Business
- 7.29.3 Descript Online Transcription Software and Service Products, Services and Solutions
- 7.29.4 Descript Online Transcription Software and Service Revenue (US$ Million) & (2020-2025)
- 7.29.5 Descript Recent Developments
8 Industry Chain Analysis
- 8.1 Online Transcription Software and Service Industrial Chain
- 8.2 Online Transcription Software and Service Upstream Analysis
- 8.2.1 Key Raw Materials
- 8.2.2 Raw Materials Key Suppliers
- 8.2.3 Manufacturing Cost Structure
- 8.3 Midstream Analysis
- 8.4 Downstream Analysis (Customers Analysis)
- 8.5 Sales Model and Sales Channels
- 8.5.1 Online Transcription Software and Service Sales Model
- 8.5.2 Sales Channel
- 8.5.3 Online Transcription Software and Service Distributors
9 Research Findings and Conclusion
10 Appendix
- 10.1 Research Methodology
- 10.1.1 Methodology/Research Approach
- 10.1.1.1 Research Programs/Design
- 10.1.1.2 Market Size Estimation
- 10.1.1.3 Market Breakdown and Data Triangulation
- 10.1.2 Data Source
- 10.1.2.1 Secondary Sources
- 10.1.2.2 Primary Sources
- 10.2 Author Details
- 10.3 Disclaimer