The global Cloud Dictation market size is anticipated to witness growth at a 13% CAGR over the forecast period. One of the most important trends in the cloud dictation industry is allowing dictation systems through smartphone applications that focus on high dictation security, such as Speech Processing Solutions' Speech Live dictation workflow solution. The dictations are encrypted while being recorded and stored in the cloud with this method. Speech Scribe service, which is a transcription service that types as the speaker talks, is another development in this industry.

Cloud dictation software is a type of speech productivity software that allows for real-time recording and editing of spoken words, as well as the creation of transcripts. This SaaS-based cloud system integrates digital dictation, work sharing, and smartphone apps in one package. Smartphones such as the iPhone, Android, Windows, and Blackberry are being utilized as digital dictation devices with cloud-based transcription. Administrators of cloud dictation solutions may add or delete users, assign author/typist workflow, manage dictation archive, backup and download dictations, search for dictations, and see each user's system use all from a single easy web interface.

Due to the existence of numerous local competitors, the worldwide Cloud Dictation market's competitive landscape is extremely fragmented. Typically, the bulk of players focus on their home market and have minimal international exposure. Arrendale Associates, Inc., Koninklijke Philips N.V., Dictalogic, BigHand Ltd, WahlTek, Inc., and Arrendale Associates, Inc. are among the leading competitors in the worldwide cloud dictation solution market. Hospitals, health care systems, and physicians can use their cloud-hosted dictation systems.

Digital recorders, landline telephones, tablets, smartphones, and voice mikes are all supported by cloud dictation solutions. SpeechLive is a cloud dictation service by Koninklijke Philips N.V. that allows you to view all of your dictation files even if you don't have Internet connection. SpeechLive includes local support for rapid installation, web-based workflow management, and online file storage security.

Key Segments of the Europe and North America Cloud Dictation Market

Application Overview, 2019-2028 (USD Million)

• Medical industry
• Legal industry
• Education sector
• Police & security agencies

Regional Overview, 2019-2028 (USD Million)

North America

• U.S.
• Canada

Europe

• UK
• Germany
• France
• Rest of Europe