Zion Market Research, the market research group announced the analysis report titled ‘Audio Communication Monitoring Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024’
Global Audio Communication Monitoring Market: Overview
Any company needs to know about its rights of audio communication. The integration of audio communication is growing continuously. Audio recording is a valuable security tool for any enterprise; hence, it should not be impeded while recording audios. There are set of practices that any company has to follow before installing an audio communication monitoring system. Enterprises should be aware of all state laws regarding audio communication recording that will assist them to find the best-fit hassle-free system for their enterprise. Audio communication monitoring systems are installed in the companies for the security. When enterprise marks any place in office premise under observation, they should clearly indicate with appropriate sign that the particular area is under surveillance.
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Global Audio Communication Monitoring Market: Growth Factors
Growing demand for the security and real-time call monitoring has led the increased adoption of the audio communication monitoring solution by various enterprises across the world. However, real-time insights will definitely minimize losses and increase operational efficiency of the organizations, which drives the global audio communication monitoring market growth. Additionally, audio communication monitoring systems minimize the initial investment and operational cost required by the organization, which in turn is anticipated to propel the global market growth. Listening to live calls is a time-consuming task and needs attention to managing; this is another driving factor of influence the global market. Moreover, increasing risk of cyber crimes, phone hacking, and telemarketing frauds with the rise of technically advanced solutions has resulted in the need to monitor and control such misconduct. The demand for audio communication monitoring devices has significantly increased globally owing to this.
Global Audio Communication Monitoring Market: Segmentation
The global audio communication monitoring market is classified based on vertical as retail, transportation, BFSI, energy and utilities, IT and telecommunications, media and entertainment, and healthcare. Based on enterprises, the global market is categorized as large-scale enterprises and SMEs. Moreover, the global audio communication monitoring market is fragmented as services and software.
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Global Audio Communication Monitoring Market: Regional Analysis
Geographical segmentation of the global audio communication monitoring market includes North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is the leading region due to acceptance of the advancements in technology such as improved call recording systems. Europe is another emerging region as healthcare and BFSI industries are largely adopting audio communication monitoring applications in their offices due to its rising importance. Increasing awareness regarding audio communication monitoring technologies and developing infrastructure in the Asia-Pacific are driving the global audio communication monitoring market growth in future
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Global Audio Communication Monitoring Market: Competitive Players
Major players in the global audio communication monitoring market are Intelligent Voice Ltd., IBM Corporation, Behavox Ltd., Nexidia, Inc., and Cisco Systems, Ltd. Other leading players include Phonetic Solutions, Tata Communications Ltd., Nectar Services Corporation, and NICE Systems Ltd.
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