Global Live Captioning Market Overview

Live Captioning Market Size Was Valued at USD 1872.76 Million in 2023 and is Projected to Reach USD 5716.1 Million by 2032, Growing at a CAGR of 13.2 % From 2024-2032.

Captions were established in the early 1970s to assist deaf and hard-of-hearing TV viewers; by the 1980s, they had become a mandatory requirement for broadcast television in the United States. Displaying the text on a screen or monitor after converting it from the audio content of a webcast, television show, film, live event, and other productions are called captioning. This allowed deaf or hard hearing individuals to gain full access to media materials that would otherwise be inaccessible. Captions are an integral part of the learning process for deaf and hard-of-hearing pupils. It is certainly worth libraries' and educators' time and effort to find and provide quality captioned material to patrons and learners. Captions are also important in certain scenarios where background noise is more. Captioning has also helped corporate sectors to conduct meetings more efficiently during the pandemic period. Live captioning majorly employs two technologies stenography and Automated Speech Recognition. Currently, 360 million people are suffering from hearing loss, and this number is expected to increase in the coming future thus, supporting the growth of the live captioning market in the forecast period.

Market Dynamics And Key Factors For Live Captioning Market

Drivers:

The rapidly growing corporate sector

Corporate sectors have tremendously grown over the past few years. Many organizations have a global presence, and when it comes to global meetings, they utilize live captioning to bridge the communication or language gap. Live captioning has helped corporate communicators to directly connect with their employees and make them feel a part of the corporate community. Many countries in the world speak English as a second language (ESL), thus by providing written words to match the language spoken in a video ESL speakers can understand the content better. Workplaces such as sales training, department meetings, and town-hall meetings can be streamed with live captions. Moreover, live captioning service can be trained to recognize company names, product names, and employee names to improve accuracy.

The growing usage of social media

Social media has become the largest platform in recent years to stream live video games, events, and launch new products. People are more active on social media accounts, and an average user has spent nearly 145 minutes on social media in 2020, according to a report by Statista. Social media has become a popular platform for organizations to launch new products. This is achieved by collaborating with social media influencers, who have a large fan following. This trend is growing and many businesses have adopted it. Thus, during a live launch of a new product, live captioning can help the viewers to understand the video and stay enthralled till the end of the video. Furthermore, live captioning can also help celebrities to connect with their worldwide fans thus, driving the growth of the live captioning market in the projected period.

Restraints:

The chances of some content missing out during live streaming are the factor that can hamper the expansion of the live captioning market in the forecasted timeframe. For instance, live captioning during music concerts can have issues, mainly due to the background noise of instrumental music playing alongside lyrics and crowd noises. Live captioning during corporate meetings, online lectures, and training can also be affected due to any substantial background noise that can reduce the clarity of spoken word.

Another disadvantage of live auto-captioning is that many providers rely on their proprietary ASR technology, many of which has not been regarded as a competitor in the ASR market or have not been extensively evaluated externally. As a result, many live auto-captioning systems may not be a dependable or highly accurate alternative; for example, automated captions might typically have an accuracy rate of less than 50%.

Opportunities:

The COVID-19 pandemic has forced a large number of individuals to work from home as well as many educational institutes have adopted the new normal of online lectures. Language can be a barrier during online lectures as there is a chance that pupils can't comprehend the content displayed in the video. Many institutes around the globe have started offering online educational services such as edX, Coursera, BYJU'S, WhiteHat, and many others. Many of these have online lectures thus, online captioning can help the viewers to perceive the knowledge depending on their regional language spoken. For this service providers have started offering tailored programs that can display captions according to requirement.

The popularity of video games has skyrocketed in recent years. Moreover, the majority of ace players live to stream their gameplay, and the number of viewers is also very high. According to VITAC, Twitch is the world's most popular social video network and community for gamers, video game culture, and the creative arts. Every day, about 10 million people gather to watch and discuss video games with over 2 million streamers. This number is expected to set new records every day with the increasing penetration of the internet. In addition, many other such platforms can reap the benefits of live captioning by offering live captioning during streaming. On the Twitch platform, streamers do not have to use any software for generating captions this gaming channel transmits caption files embedded in their streams or via their broadcast encoders. The growing popularity of live streaming is expected to create a profitable opportunity for the market players.

Market Segmentation

Segmentation Analysis of Live Captioning Market:

Depending on the application, the corporate sector is anticipated to have the highest share of the live captioning market in the forecast period. According to a report by IBM, live captions are utilized by 62% of the employees for work-related video content for reasons other than hearing accessibility. Only 5% of the users need captions or subtitles because they have hearing issues. Other reasons include convenience, watching films with low or no volume, and non-native speakers who require help understanding the language spoken in the video. Furthermore, when a video is live captioned, employees are 80 percent more likely to view it all the way through. As a result, there is genuine value in captioning video material, and it is a driving force for corporations seeking to boost audience engagement thus, strengthening the growth of the corporate segment.

Depending on the type, the ASR segment is expected to develop with the highest CAGR due to the growing advancement in technology. Automated Speech Recognition technology can deliver accurate captioning during live events without the intervention of a human. Several companies have invested a huge fortune in developing this novel technology. Moreover, ASR is more affordable for live conferences and lectures as compared to human-powered live captioning. Automatic captions also offer the unique ability to reduce deletion mistakes (missing words from the live stream), which are typical in professional live captioning solutions. ASR technology, on the other hand, can pick up every word from a live feed with little delay thus, propelling the growth of the live captioning market.

Regional Analysis of Live Captioning Market:

The North American region is anticipated to have the highest share of the live captioning market in the forecast period. The growth in this region can be attributed to the presence of leading market players and the ready adoption of new technologies by the different sectors in this region. According to Rev, more than 85% of Americans watch online videos every week. The survey also concluded that live captioning increased the average time watched by 12% and 80% of Facebook viewers will even complete the video. Individuals in this region have high per capita income thus, the usage of smartphones and other smart devices is more. Work from the home policy of many organizations is expected to bolster the development of the live captioning market in this region.

The European region is expected to have the second-highest share of the live captioning market during the projected timeframe. The supportive government rules to bridge the gap between deaf candidates and speakers is the main driving force for the development of the live captioning market in this region. More than 10 million in the UK have a hearing impairment. The growing corporate sector and the inclusion of live captioning by educational institutes have strengthened the development of the live captioning market in this region.

The live captioning market in the Asia-Pacific region is anticipated to develop at the highest CAGR over the forecasted timeframe. The growing graze of live video streaming has fueled the growth of the live captioning market in this region. Live game streaming has several viewers and the streamers usually speak in local languages. The growing global viewers made the streaming platforms incorporate live captioning to bridge the gap between local streamers and global viewers thus, supporting the growth of the live captioning market in this region.

Players Covered in Live Captioning Market are:

  • Verbit (USA)
  • VITAC (USA)
  • CaptionMax (USA)
  • Rev.com (USA)
  • Ai-Media (Australia)
  • 3Play Media (USA)
  • Acadecraft Inc. (India)
  • Automatic Sync Technologies (USA)
  • EEG Enterprises (USA)
  • National Captioning Institute (NCI) (USA)
  • Take 1 (United Kingdom)
  • Vanan Services (USA)
  • QuickCaption (USA)
  • Steno Media (USA)
  • Alternative Communication Services (ACS) (USA)
  • ZOO Digital Group (United Kingdom)
  • SpokenHere Communications (USA)
  • CaptioningStar (USA)
  • Way With Words (South Africa)
  • Global Listings (United Kingdom)

COVID-19 Impact on Live Captioning Market

The COVID-19 pandemic rapidly spread out from China to other parts of the world. To constrain the spread of the virus, several restrictions were imposed by governments across the globe. The new norms such as work from home and online education gained impedance during the pandemic. Corporate meetings, town-hall meetings, and new product launches all was done virtually. During the live events, sometimes the viewers were unable to comprehend the message given by the speaker, similar difficulties were reported during online lectures. COVID-19 pandemic accelerated the adoption rate of live captioning as these made online lectures, and meetings more attractive. Live captioning also helped corporate organizations to communicate with their regional clients. Captions were also being designed according to the regional language spoken in a particular country. Moreover, for deaf candidates, it became hard to perceive information during online lectures and meetings. Many countries have taken initiatives to incorporate live captioning in online services to bridge the communication between speakers and deaf individuals thus, the demand for live captioning is expected to increase in the forecast period.

Recent Industry Developments In Live Captioning Market

  • In April 2024, AI-Media, a global leader in end-to-end captioning technology solutions, is excited to announce its newly established partnership with DAZN, the global sports entertainment streaming platform. Through this collaboration, AI-Media will deliver live and recorded multi language and translated captioning using various solutions from its AI-powered LEXI Tool Kit.
  • In March 2023, 3Play Media, the leading video accessibility provider, announced today the availability of its live virtual caption encoding solution. The solution, which streamlines the live captioning workflow from listening through delivery, reduces the friction that exists for organizations and ensures an engaging audience experience.

Global Live Captioning Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2021:

USD 1872.76 Mn.

Forecast Period 2022-28 CAGR:

13.2%

Market Size in 2028:

USD 5716.1 Mn.

Segments Covered:

By Technology

  • Automated Speech Recognition
  • Stenography

By Application

  • Broadcast
  • Streaming
  • Educational Sector
  • Corporate Sector
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Rapidly Growing Corporate Sector

Key Market Restraints:

  • Chances of Some Content Missing Out During Live Streaming

Key Opportunities:

  • Launching of New Online Educational Platforms

Companies Covered in the report:

  • VITAC (US), IBM (US), Digital Nirvana (US), ENCO Systems (US), Language Mark (India), and Other major players.

Chapter 1: Introduction
ā€ƒ1.1 Research Objectives
ā€ƒ1.2 Research Methodology
ā€ƒ1.3 Research Process
ā€ƒ1.4 Scope and Coverage
ā€ƒā€ƒ1.4.1 Market Definition
ā€ƒā€ƒ1.4.2 Key Questions Answered
ā€ƒ1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
ā€ƒ3.1 By Technology
ā€ƒ3.2 By Application

Chapter 4: Market Landscape
ā€ƒ4.1 Porter's Five Forces Analysis
ā€ƒā€ƒ4.1.1 Bargaining Power of Supplier
ā€ƒā€ƒ4.1.2 Threat of New Entrants
ā€ƒā€ƒ4.1.3 Threat of Substitutes
ā€ƒā€ƒ4.1.4 Competitive Rivalry
ā€ƒā€ƒ4.1.5 Bargaining Power Among Buyers
ā€ƒ4.2 Industry Value Chain Analysis
ā€ƒ4.3 Market Dynamics
ā€ƒā€ƒ4.3.1 Drivers
ā€ƒā€ƒ4.3.2 Restraints
ā€ƒā€ƒ4.3.3 Opportunities
ā€ƒā€ƒ4.5.4 Challenges
ā€ƒ4.4 Pestle Analysis
ā€ƒ4.5 Technological Roadmap
ā€ƒ4.6 Regulatory Landscape
ā€ƒ4.7 SWOT Analysis
ā€ƒ4.8 Price Trend Analysis
ā€ƒ4.9 Patent Analysis
ā€ƒ4.10 Analysis of the Impact of Covid-19
ā€ƒā€ƒ4.10.1 Impact on the Overall Market
ā€ƒā€ƒ4.10.2 Impact on the Supply Chain
ā€ƒā€ƒ4.10.3 Impact on the Key Manufacturers
ā€ƒā€ƒ4.10.4 Impact on the Pricing

Chapter 5: Live Captioning Market by Technology
ā€ƒ5.1 Live Captioning Market Overview Snapshot and Growth Engine
ā€ƒ5.2 Live Captioning Market Overview
ā€ƒ5.3 Automated Speech Recognition
ā€ƒā€ƒ5.3.1 Introduction and Market Overview
ā€ƒā€ƒ5.3.2 Historic and Forecasted Market Size (2016-2028F)
ā€ƒā€ƒ5.3.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ5.3.4 Automated Speech Recognition: Grographic Segmentation
ā€ƒ5.4 Stenography
ā€ƒā€ƒ5.4.1 Introduction and Market Overview
ā€ƒā€ƒ5.4.2 Historic and Forecasted Market Size (2016-2028F)
ā€ƒā€ƒ5.4.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ5.4.4 Stenography: Grographic Segmentation

Chapter 6: Live Captioning Market by Application
ā€ƒ6.1 Live Captioning Market Overview Snapshot and Growth Engine
ā€ƒ6.2 Live Captioning Market Overview
ā€ƒ6.3 Broadcast
ā€ƒā€ƒ6.3.1 Introduction and Market Overview
ā€ƒā€ƒ6.3.2 Historic and Forecasted Market Size (2016-2028F)
ā€ƒā€ƒ6.3.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ6.3.4 Broadcast: Grographic Segmentation
ā€ƒ6.4 Streaming
ā€ƒā€ƒ6.4.1 Introduction and Market Overview
ā€ƒā€ƒ6.4.2 Historic and Forecasted Market Size (2016-2028F)
ā€ƒā€ƒ6.4.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ6.4.4 Streaming: Grographic Segmentation
ā€ƒ6.5 Educational Sector
ā€ƒā€ƒ6.5.1 Introduction and Market Overview
ā€ƒā€ƒ6.5.2 Historic and Forecasted Market Size (2016-2028F)
ā€ƒā€ƒ6.5.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ6.5.4 Educational Sector: Grographic Segmentation
ā€ƒ6.6 Corporate Sector
ā€ƒā€ƒ6.6.1 Introduction and Market Overview
ā€ƒā€ƒ6.6.2 Historic and Forecasted Market Size (2016-2028F)
ā€ƒā€ƒ6.6.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ6.6.4 Corporate Sector: Grographic Segmentation
ā€ƒ6.7 Others
ā€ƒā€ƒ6.7.1 Introduction and Market Overview
ā€ƒā€ƒ6.7.2 Historic and Forecasted Market Size (2016-2028F)
ā€ƒā€ƒ6.7.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ6.7.4 Others: Grographic Segmentation

Chapter 7: Company Profiles and Competitive Analysis
ā€ƒ7.1 Competitive Landscape
ā€ƒā€ƒ7.1.1 Competitive Positioning
ā€ƒā€ƒ7.1.2 Live Captioning Sales and Market Share By Players
ā€ƒā€ƒ7.1.3 Industry BCG Matrix
ā€ƒā€ƒ7.1.4 Ansoff Matrix
ā€ƒā€ƒ7.1.5 Live Captioning Industry Concentration Ratio (CR5 and HHI)
ā€ƒā€ƒ7.1.6 Top 5 Live Captioning Players Market Share
ā€ƒā€ƒ7.1.7 Mergers and Acquisitions
ā€ƒā€ƒ7.1.8 Business Strategies By Top Players
ā€ƒ7.2 VITAC
ā€ƒā€ƒ7.2.1 Company Overview
ā€ƒā€ƒ7.2.2 Key Executives
ā€ƒā€ƒ7.2.3 Company Snapshot
ā€ƒā€ƒ7.2.4 Operating Business Segments
ā€ƒā€ƒ7.2.5 Product Portfolio
ā€ƒā€ƒ7.2.6 Business Performance
ā€ƒā€ƒ7.2.7 Key Strategic Moves and Recent Developments
ā€ƒā€ƒ7.2.8 SWOT Analysis
ā€ƒ7.3 IBM
ā€ƒ7.4 DIGITAL NIRVANA
ā€ƒ7.5 ENCO SYSTEMS
ā€ƒ7.6 LANGUAGE MARK
ā€ƒ7.7 AUTOMATIC SYNC TECHNOLOGIES
ā€ƒ7.8 NOMENSA LTD
ā€ƒ7.9 TELESTREAM
ā€ƒ7.10 3PLAY MEDIA
ā€ƒ7.11 APPTEK
ā€ƒ7.12 REV
ā€ƒ7.13 OTHER MAJOR PLAYERS

Chapter 8: Global Live Captioning Market Analysis, Insights and Forecast, 2016-2028
ā€ƒ8.1 Market Overview
ā€ƒ8.2 Historic and Forecasted Market Size By Technology
ā€ƒā€ƒ8.2.1 Automated Speech Recognition
ā€ƒā€ƒ8.2.2 Stenography
ā€ƒ8.3 Historic and Forecasted Market Size By Application
ā€ƒā€ƒ8.3.1 Broadcast
ā€ƒā€ƒ8.3.2 Streaming
ā€ƒā€ƒ8.3.3 Educational Sector
ā€ƒā€ƒ8.3.4 Corporate Sector
ā€ƒā€ƒ8.3.5 Others

Chapter 9: North America Live Captioning Market Analysis, Insights and Forecast, 2016-2028
ā€ƒ9.1 Key Market Trends, Growth Factors and Opportunities
ā€ƒ9.2 Impact of Covid-19
ā€ƒ9.3 Key Players
ā€ƒ9.4 Key Market Trends, Growth Factors and Opportunities
ā€ƒ9.4 Historic and Forecasted Market Size By Technology
ā€ƒā€ƒ9.4.1 Automated Speech Recognition
ā€ƒā€ƒ9.4.2 Stenography
ā€ƒ9.5 Historic and Forecasted Market Size By Application
ā€ƒā€ƒ9.5.1 Broadcast
ā€ƒā€ƒ9.5.2 Streaming
ā€ƒā€ƒ9.5.3 Educational Sector
ā€ƒā€ƒ9.5.4 Corporate Sector
ā€ƒā€ƒ9.5.5 Others
ā€ƒ9.6 Historic and Forecast Market Size by Country
ā€ƒā€ƒ9.6.1 U.S.
ā€ƒā€ƒ9.6.2 Canada
ā€ƒā€ƒ9.6.3 Mexico

Chapter 10: Europe Live Captioning Market Analysis, Insights and Forecast, 2016-2028
ā€ƒ10.1 Key Market Trends, Growth Factors and Opportunities
ā€ƒ10.2 Impact of Covid-19
ā€ƒ10.3 Key Players
ā€ƒ10.4 Key Market Trends, Growth Factors and Opportunities
ā€ƒ10.4 Historic and Forecasted Market Size By Technology
ā€ƒā€ƒ10.4.1 Automated Speech Recognition
ā€ƒā€ƒ10.4.2 Stenography
ā€ƒ10.5 Historic and Forecasted Market Size By Application
ā€ƒā€ƒ10.5.1 Broadcast
ā€ƒā€ƒ10.5.2 Streaming
ā€ƒā€ƒ10.5.3 Educational Sector
ā€ƒā€ƒ10.5.4 Corporate Sector
ā€ƒā€ƒ10.5.5 Others
ā€ƒ10.6 Historic and Forecast Market Size by Country
ā€ƒā€ƒ10.6.1 Germany
ā€ƒā€ƒ10.6.2 U.K.
ā€ƒā€ƒ10.6.3 France
ā€ƒā€ƒ10.6.4 Italy
ā€ƒā€ƒ10.6.5 Russia
ā€ƒā€ƒ10.6.6 Spain
ā€ƒā€ƒ10.6.7 Rest of Europe

Chapter 11: Asia-Pacific Live Captioning Market Analysis, Insights and Forecast, 2016-2028
ā€ƒ11.1 Key Market Trends, Growth Factors and Opportunities
ā€ƒ11.2 Impact of Covid-19
ā€ƒ11.3 Key Players
ā€ƒ11.4 Key Market Trends, Growth Factors and Opportunities
ā€ƒ11.4 Historic and Forecasted Market Size By Technology
ā€ƒā€ƒ11.4.1 Automated Speech Recognition
ā€ƒā€ƒ11.4.2 Stenography
ā€ƒ11.5 Historic and Forecasted Market Size By Application
ā€ƒā€ƒ11.5.1 Broadcast
ā€ƒā€ƒ11.5.2 Streaming
ā€ƒā€ƒ11.5.3 Educational Sector
ā€ƒā€ƒ11.5.4 Corporate Sector
ā€ƒā€ƒ11.5.5 Others
ā€ƒ11.6 Historic and Forecast Market Size by Country
ā€ƒā€ƒ11.6.1 China
ā€ƒā€ƒ11.6.2 India
ā€ƒā€ƒ11.6.3 Japan
ā€ƒā€ƒ11.6.4 Singapore
ā€ƒā€ƒ11.6.5 Australia
ā€ƒā€ƒ11.6.6 New Zealand
ā€ƒā€ƒ11.6.7 Rest of APAC

Chapter 12: Middle East & Africa Live Captioning Market Analysis, Insights and Forecast, 2016-2028
ā€ƒ12.1 Key Market Trends, Growth Factors and Opportunities
ā€ƒ12.2 Impact of Covid-19
ā€ƒ12.3 Key Players
ā€ƒ12.4 Key Market Trends, Growth Factors and Opportunities
ā€ƒ12.4 Historic and Forecasted Market Size By Technology
ā€ƒā€ƒ12.4.1 Automated Speech Recognition
ā€ƒā€ƒ12.4.2 Stenography
ā€ƒ12.5 Historic and Forecasted Market Size By Application
ā€ƒā€ƒ12.5.1 Broadcast
ā€ƒā€ƒ12.5.2 Streaming
ā€ƒā€ƒ12.5.3 Educational Sector
ā€ƒā€ƒ12.5.4 Corporate Sector
ā€ƒā€ƒ12.5.5 Others
ā€ƒ12.6 Historic and Forecast Market Size by Country
ā€ƒā€ƒ12.6.1 Turkey
ā€ƒā€ƒ12.6.2 Saudi Arabia
ā€ƒā€ƒ12.6.3 Iran
ā€ƒā€ƒ12.6.4 UAE
ā€ƒā€ƒ12.6.5 Africa
ā€ƒā€ƒ12.6.6 Rest of MEA

Chapter 13: South America Live Captioning Market Analysis, Insights and Forecast, 2016-2028
ā€ƒ13.1 Key Market Trends, Growth Factors and Opportunities
ā€ƒ13.2 Impact of Covid-19
ā€ƒ13.3 Key Players
ā€ƒ13.4 Key Market Trends, Growth Factors and Opportunities
ā€ƒ13.4 Historic and Forecasted Market Size By Technology
ā€ƒā€ƒ13.4.1 Automated Speech Recognition
ā€ƒā€ƒ13.4.2 Stenography
ā€ƒ13.5 Historic and Forecasted Market Size By Application
ā€ƒā€ƒ13.5.1 Broadcast
ā€ƒā€ƒ13.5.2 Streaming
ā€ƒā€ƒ13.5.3 Educational Sector
ā€ƒā€ƒ13.5.4 Corporate Sector
ā€ƒā€ƒ13.5.5 Others
ā€ƒ13.6 Historic and Forecast Market Size by Country
ā€ƒā€ƒ13.6.1 Brazil
ā€ƒā€ƒ13.6.2 Argentina
ā€ƒā€ƒ13.6.3 Rest of SA

Chapter 14 Investment Analysis

Chapter 15 Analyst Viewpoint and Conclusion

Global Live Captioning Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2021:

USD 1872.76 Mn.

Forecast Period 2022-28 CAGR:

13.2%

Market Size in 2028:

USD 5716.1 Mn.

Segments Covered:

By Technology

  • Automated Speech Recognition
  • Stenography

By Application

  • Broadcast
  • Streaming
  • Educational Sector
  • Corporate Sector
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Rapidly Growing Corporate Sector

Key Market Restraints:

  • Chances of Some Content Missing Out During Live Streaming

Key Opportunities:

  • Launching of New Online Educational Platforms

Companies Covered in the report:

  • VITAC (US), IBM (US), Digital Nirvana (US), ENCO Systems (US), Language Mark (India), and Other major players.

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. LIVE CAPTIONING MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. LIVE CAPTIONING MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. LIVE CAPTIONING MARKET COMPETITIVE RIVALRY
TABLE 005. LIVE CAPTIONING MARKET THREAT OF NEW ENTRANTS
TABLE 006. LIVE CAPTIONING MARKET THREAT OF SUBSTITUTES
TABLE 007. LIVE CAPTIONING MARKET BY TECHNOLOGY
TABLE 008. AUTOMATED SPEECH RECOGNITION MARKET OVERVIEW (2016-2028)
TABLE 009. STENOGRAPHY MARKET OVERVIEW (2016-2028)
TABLE 010. LIVE CAPTIONING MARKET BY APPLICATION
TABLE 011. BROADCAST MARKET OVERVIEW (2016-2028)
TABLE 012. STREAMING MARKET OVERVIEW (2016-2028)
TABLE 013. EDUCATIONAL SECTOR MARKET OVERVIEW (2016-2028)
TABLE 014. CORPORATE SECTOR MARKET OVERVIEW (2016-2028)
TABLE 015. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 016. NORTH AMERICA LIVE CAPTIONING MARKET, BY TECHNOLOGY (2016-2028)
TABLE 017. NORTH AMERICA LIVE CAPTIONING MARKET, BY APPLICATION (2016-2028)
TABLE 018. N LIVE CAPTIONING MARKET, BY COUNTRY (2016-2028)
TABLE 019. EUROPE LIVE CAPTIONING MARKET, BY TECHNOLOGY (2016-2028)
TABLE 020. EUROPE LIVE CAPTIONING MARKET, BY APPLICATION (2016-2028)
TABLE 021. LIVE CAPTIONING MARKET, BY COUNTRY (2016-2028)
TABLE 022. ASIA PACIFIC LIVE CAPTIONING MARKET, BY TECHNOLOGY (2016-2028)
TABLE 023. ASIA PACIFIC LIVE CAPTIONING MARKET, BY APPLICATION (2016-2028)
TABLE 024. LIVE CAPTIONING MARKET, BY COUNTRY (2016-2028)
TABLE 025. MIDDLE EAST & AFRICA LIVE CAPTIONING MARKET, BY TECHNOLOGY (2016-2028)
TABLE 026. MIDDLE EAST & AFRICA LIVE CAPTIONING MARKET, BY APPLICATION (2016-2028)
TABLE 027. LIVE CAPTIONING MARKET, BY COUNTRY (2016-2028)
TABLE 028. SOUTH AMERICA LIVE CAPTIONING MARKET, BY TECHNOLOGY (2016-2028)
TABLE 029. SOUTH AMERICA LIVE CAPTIONING MARKET, BY APPLICATION (2016-2028)
TABLE 030. LIVE CAPTIONING MARKET, BY COUNTRY (2016-2028)
TABLE 031. VITAC: SNAPSHOT
TABLE 032. VITAC: BUSINESS PERFORMANCE
TABLE 033. VITAC: PRODUCT PORTFOLIO
TABLE 034. VITAC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 034. IBM: SNAPSHOT
TABLE 035. IBM: BUSINESS PERFORMANCE
TABLE 036. IBM: PRODUCT PORTFOLIO
TABLE 037. IBM: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 037. DIGITAL NIRVANA: SNAPSHOT
TABLE 038. DIGITAL NIRVANA: BUSINESS PERFORMANCE
TABLE 039. DIGITAL NIRVANA: PRODUCT PORTFOLIO
TABLE 040. DIGITAL NIRVANA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 040. ENCO SYSTEMS: SNAPSHOT
TABLE 041. ENCO SYSTEMS: BUSINESS PERFORMANCE
TABLE 042. ENCO SYSTEMS: PRODUCT PORTFOLIO
TABLE 043. ENCO SYSTEMS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 043. LANGUAGE MARK: SNAPSHOT
TABLE 044. LANGUAGE MARK: BUSINESS PERFORMANCE
TABLE 045. LANGUAGE MARK: PRODUCT PORTFOLIO
TABLE 046. LANGUAGE MARK: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 046. AUTOMATIC SYNC TECHNOLOGIES: SNAPSHOT
TABLE 047. AUTOMATIC SYNC TECHNOLOGIES: BUSINESS PERFORMANCE
TABLE 048. AUTOMATIC SYNC TECHNOLOGIES: PRODUCT PORTFOLIO
TABLE 049. AUTOMATIC SYNC TECHNOLOGIES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 049. NOMENSA LTD: SNAPSHOT
TABLE 050. NOMENSA LTD: BUSINESS PERFORMANCE
TABLE 051. NOMENSA LTD: PRODUCT PORTFOLIO
TABLE 052. NOMENSA LTD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 052. TELESTREAM: SNAPSHOT
TABLE 053. TELESTREAM: BUSINESS PERFORMANCE
TABLE 054. TELESTREAM: PRODUCT PORTFOLIO
TABLE 055. TELESTREAM: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 055. 3PLAY MEDIA: SNAPSHOT
TABLE 056. 3PLAY MEDIA: BUSINESS PERFORMANCE
TABLE 057. 3PLAY MEDIA: PRODUCT PORTFOLIO
TABLE 058. 3PLAY MEDIA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 058. APPTEK: SNAPSHOT
TABLE 059. APPTEK: BUSINESS PERFORMANCE
TABLE 060. APPTEK: PRODUCT PORTFOLIO
TABLE 061. APPTEK: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 061. REV: SNAPSHOT
TABLE 062. REV: BUSINESS PERFORMANCE
TABLE 063. REV: PRODUCT PORTFOLIO
TABLE 064. REV: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 064. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 065. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 066. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 067. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. LIVE CAPTIONING MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. LIVE CAPTIONING MARKET OVERVIEW BY TECHNOLOGY
FIGURE 012. AUTOMATED SPEECH RECOGNITION MARKET OVERVIEW (2016-2028)
FIGURE 013. STENOGRAPHY MARKET OVERVIEW (2016-2028)
FIGURE 014. LIVE CAPTIONING MARKET OVERVIEW BY APPLICATION
FIGURE 015. BROADCAST MARKET OVERVIEW (2016-2028)
FIGURE 016. STREAMING MARKET OVERVIEW (2016-2028)
FIGURE 017. EDUCATIONAL SECTOR MARKET OVERVIEW (2016-2028)
FIGURE 018. CORPORATE SECTOR MARKET OVERVIEW (2016-2028)
FIGURE 019. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 020. NORTH AMERICA LIVE CAPTIONING MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 021. EUROPE LIVE CAPTIONING MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. ASIA PACIFIC LIVE CAPTIONING MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 023. MIDDLE EAST & AFRICA LIVE CAPTIONING MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 024. SOUTH AMERICA LIVE CAPTIONING MARKET OVERVIEW BY COUNTRY (2016-2028)

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Frequently Asked Questions :

What would be the forecast period in the Live Captioning Market research report?

The forecast period in the Live Captioning Market research report is 2024-2032.

Who are the key players in Live Captioning Market?

VITAC (US), IBM (US), Digital Nirvana (US), ENCO Systems (US), Language Mark (India), Automatic Sync Technologies, Nomensa Ltd (UK), Telestream (US), 3Play Media (US), AppTek (US), Rev (US), and other major players.

What are the segments of the Live Captioning Market?

The Live Captioning Market is segmented into Technology, Application, and region. By Technology, the market is categorized into Automated Speech Recognition, Stenography. By Application, the market is categorized into Broadcast, Streaming, Educational Sector, Corporate Sector, and Others. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Live Captioning Market?

Captions were established in the early 1970s to assist deaf and hard-of-hearing TV viewers; by the 1980s, they had become a mandatory requirement for broadcast television in the United States. Displaying the text on a screen or monitor after converting it from the audio content of a webcast, television show, film, live event, and other productions are called captioning.

How big is the Live Captioning Market?

The Live Captioning Market size is projected to reach USD 1773.80 Million by 2028 from an estimated USD 782.6 Million in 2021, growing at a CAGR of 12.4% globally.