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 |
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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 |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
ā1.1 Research Objectives
ā1.2 Research Methodology
ā1.3 Research Process
ā1.4 Scope and Coverage
āā1.4.1 Market Definition
āā1.4.2 Key Questions Answered
ā1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
ā3.1 By Technology
ā3.2 By Application
Chapter 4: Market Landscape
ā4.1 Porter's Five Forces Analysis
āā4.1.1 Bargaining Power of Supplier
āā4.1.2 Threat of New Entrants
āā4.1.3 Threat of Substitutes
āā4.1.4 Competitive Rivalry
āā4.1.5 Bargaining Power Among Buyers
ā4.2 Industry Value Chain Analysis
ā4.3 Market Dynamics
āā4.3.1 Drivers
āā4.3.2 Restraints
āā4.3.3 Opportunities
āā4.5.4 Challenges
ā4.4 Pestle Analysis
ā4.5 Technological Roadmap
ā4.6 Regulatory Landscape
ā4.7 SWOT Analysis
ā4.8 Price Trend Analysis
ā4.9 Patent Analysis
ā4.10 Analysis of the Impact of Covid-19
āā4.10.1 Impact on the Overall Market
āā4.10.2 Impact on the Supply Chain
āā4.10.3 Impact on the Key Manufacturers
āā4.10.4 Impact on the Pricing
Chapter 5: Live Captioning Market by Technology
ā5.1 Live Captioning Market Overview Snapshot and Growth Engine
ā5.2 Live Captioning Market Overview
ā5.3 Automated Speech Recognition
āā5.3.1 Introduction and Market Overview
āā5.3.2 Historic and Forecasted Market Size (2016-2028F)
āā5.3.3 Key Market Trends, Growth Factors and Opportunities
āā5.3.4 Automated Speech Recognition: Grographic Segmentation
ā5.4 Stenography
āā5.4.1 Introduction and Market Overview
āā5.4.2 Historic and Forecasted Market Size (2016-2028F)
āā5.4.3 Key Market Trends, Growth Factors and Opportunities
āā5.4.4 Stenography: Grographic Segmentation
Chapter 6: Live Captioning Market by Application
ā6.1 Live Captioning Market Overview Snapshot and Growth Engine
ā6.2 Live Captioning Market Overview
ā6.3 Broadcast
āā6.3.1 Introduction and Market Overview
āā6.3.2 Historic and Forecasted Market Size (2016-2028F)
āā6.3.3 Key Market Trends, Growth Factors and Opportunities
āā6.3.4 Broadcast: Grographic Segmentation
ā6.4 Streaming
āā6.4.1 Introduction and Market Overview
āā6.4.2 Historic and Forecasted Market Size (2016-2028F)
āā6.4.3 Key Market Trends, Growth Factors and Opportunities
āā6.4.4 Streaming: Grographic Segmentation
ā6.5 Educational Sector
āā6.5.1 Introduction and Market Overview
āā6.5.2 Historic and Forecasted Market Size (2016-2028F)
āā6.5.3 Key Market Trends, Growth Factors and Opportunities
āā6.5.4 Educational Sector: Grographic Segmentation
ā6.6 Corporate Sector
āā6.6.1 Introduction and Market Overview
āā6.6.2 Historic and Forecasted Market Size (2016-2028F)
āā6.6.3 Key Market Trends, Growth Factors and Opportunities
āā6.6.4 Corporate Sector: Grographic Segmentation
ā6.7 Others
āā6.7.1 Introduction and Market Overview
āā6.7.2 Historic and Forecasted Market Size (2016-2028F)
āā6.7.3 Key Market Trends, Growth Factors and Opportunities
āā6.7.4 Others: Grographic Segmentation
Chapter 7: Company Profiles and Competitive Analysis
ā7.1 Competitive Landscape
āā7.1.1 Competitive Positioning
āā7.1.2 Live Captioning Sales and Market Share By Players
āā7.1.3 Industry BCG Matrix
āā7.1.4 Ansoff Matrix
āā7.1.5 Live Captioning Industry Concentration Ratio (CR5 and HHI)
āā7.1.6 Top 5 Live Captioning Players Market Share
āā7.1.7 Mergers and Acquisitions
āā7.1.8 Business Strategies By Top Players
ā7.2 VITAC
āā7.2.1 Company Overview
āā7.2.2 Key Executives
āā7.2.3 Company Snapshot
āā7.2.4 Operating Business Segments
āā7.2.5 Product Portfolio
āā7.2.6 Business Performance
āā7.2.7 Key Strategic Moves and Recent Developments
āā7.2.8 SWOT Analysis
ā7.3 IBM
ā7.4 DIGITAL NIRVANA
ā7.5 ENCO SYSTEMS
ā7.6 LANGUAGE MARK
ā7.7 AUTOMATIC SYNC TECHNOLOGIES
ā7.8 NOMENSA LTD
ā7.9 TELESTREAM
ā7.10 3PLAY MEDIA
ā7.11 APPTEK
ā7.12 REV
ā7.13 OTHER MAJOR PLAYERS
Chapter 8: Global Live Captioning Market Analysis, Insights and Forecast, 2016-2028
ā8.1 Market Overview
ā8.2 Historic and Forecasted Market Size By Technology
āā8.2.1 Automated Speech Recognition
āā8.2.2 Stenography
ā8.3 Historic and Forecasted Market Size By Application
āā8.3.1 Broadcast
āā8.3.2 Streaming
āā8.3.3 Educational Sector
āā8.3.4 Corporate Sector
āā8.3.5 Others
Chapter 9: North America Live Captioning Market Analysis, Insights and Forecast, 2016-2028
ā9.1 Key Market Trends, Growth Factors and Opportunities
ā9.2 Impact of Covid-19
ā9.3 Key Players
ā9.4 Key Market Trends, Growth Factors and Opportunities
ā9.4 Historic and Forecasted Market Size By Technology
āā9.4.1 Automated Speech Recognition
āā9.4.2 Stenography
ā9.5 Historic and Forecasted Market Size By Application
āā9.5.1 Broadcast
āā9.5.2 Streaming
āā9.5.3 Educational Sector
āā9.5.4 Corporate Sector
āā9.5.5 Others
ā9.6 Historic and Forecast Market Size by Country
āā9.6.1 U.S.
āā9.6.2 Canada
āā9.6.3 Mexico
Chapter 10: Europe Live Captioning Market Analysis, Insights and Forecast, 2016-2028
ā10.1 Key Market Trends, Growth Factors and Opportunities
ā10.2 Impact of Covid-19
ā10.3 Key Players
ā10.4 Key Market Trends, Growth Factors and Opportunities
ā10.4 Historic and Forecasted Market Size By Technology
āā10.4.1 Automated Speech Recognition
āā10.4.2 Stenography
ā10.5 Historic and Forecasted Market Size By Application
āā10.5.1 Broadcast
āā10.5.2 Streaming
āā10.5.3 Educational Sector
āā10.5.4 Corporate Sector
āā10.5.5 Others
ā10.6 Historic and Forecast Market Size by Country
āā10.6.1 Germany
āā10.6.2 U.K.
āā10.6.3 France
āā10.6.4 Italy
āā10.6.5 Russia
āā10.6.6 Spain
āā10.6.7 Rest of Europe
Chapter 11: Asia-Pacific Live Captioning Market Analysis, Insights and Forecast, 2016-2028
ā11.1 Key Market Trends, Growth Factors and Opportunities
ā11.2 Impact of Covid-19
ā11.3 Key Players
ā11.4 Key Market Trends, Growth Factors and Opportunities
ā11.4 Historic and Forecasted Market Size By Technology
āā11.4.1 Automated Speech Recognition
āā11.4.2 Stenography
ā11.5 Historic and Forecasted Market Size By Application
āā11.5.1 Broadcast
āā11.5.2 Streaming
āā11.5.3 Educational Sector
āā11.5.4 Corporate Sector
āā11.5.5 Others
ā11.6 Historic and Forecast Market Size by Country
āā11.6.1 China
āā11.6.2 India
āā11.6.3 Japan
āā11.6.4 Singapore
āā11.6.5 Australia
āā11.6.6 New Zealand
āā11.6.7 Rest of APAC
Chapter 12: Middle East & Africa Live Captioning Market Analysis, Insights and Forecast, 2016-2028
ā12.1 Key Market Trends, Growth Factors and Opportunities
ā12.2 Impact of Covid-19
ā12.3 Key Players
ā12.4 Key Market Trends, Growth Factors and Opportunities
ā12.4 Historic and Forecasted Market Size By Technology
āā12.4.1 Automated Speech Recognition
āā12.4.2 Stenography
ā12.5 Historic and Forecasted Market Size By Application
āā12.5.1 Broadcast
āā12.5.2 Streaming
āā12.5.3 Educational Sector
āā12.5.4 Corporate Sector
āā12.5.5 Others
ā12.6 Historic and Forecast Market Size by Country
āā12.6.1 Turkey
āā12.6.2 Saudi Arabia
āā12.6.3 Iran
āā12.6.4 UAE
āā12.6.5 Africa
āā12.6.6 Rest of MEA
Chapter 13: South America Live Captioning Market Analysis, Insights and Forecast, 2016-2028
ā13.1 Key Market Trends, Growth Factors and Opportunities
ā13.2 Impact of Covid-19
ā13.3 Key Players
ā13.4 Key Market Trends, Growth Factors and Opportunities
ā13.4 Historic and Forecasted Market Size By Technology
āā13.4.1 Automated Speech Recognition
āā13.4.2 Stenography
ā13.5 Historic and Forecasted Market Size By Application
āā13.5.1 Broadcast
āā13.5.2 Streaming
āā13.5.3 Educational Sector
āā13.5.4 Corporate Sector
āā13.5.5 Others
ā13.6 Historic and Forecast Market Size by Country
āā13.6.1 Brazil
āā13.6.2 Argentina
āā13.6.3 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 |
|
|
By Application |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
||
Companies Covered in the report: |
|
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)
Frequently Asked Questions :
The forecast period in the Live Captioning Market research report is 2024-2032.
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.
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.).
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.
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.