Entertainment Transcription Market Share, Size, CAGR & Forecast to 2028

Nowadays, entertainment transcription has become much easier. First of all the audio or the video file is uploaded on the secure server of the transcription service provider. The transcriptionist can replay the audio or video multiple times. Moreover, the sound can be equalized, filtered or even the tempo can be adjusted if the clarity of sound is very poor. Thus the transcription can be done within few hours and the transcribed document can be printed out, incorporated with other documents or even can be emailed back.

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Sometimes in case of TV episodic transcriptions to maintain consistency throughout the transcription, transcriptionists even uses consistency sheets. A project is even localized sometimes in order to introduce it to a non-English speaking market.

So once a project goes through the transcription process, it is sent for localization where a QA expert and an entertainment transcription expert will review the project. This process takes place simultaneously in order to manage the turnaround time of the project.

Global Entertainment Transcription Market: Dynamics

The entertainment transcription helps to understand the actual content in a more accurate and better way, and with the help of entertainment transcription one can avoid the confusion or misinterpretation. Thus it is one of the major feature driving the adoption of the entertainment transcription market.

The entertainment transcription can be done from any kind of CDs, DVDs, audio or video cassettes and digital files including all type of file formats, which is another factor fueling the growth of the entertainment transcription market. There is an increasing demand for entertainment transcription by production companies as they use them for pre-production, post production, subtitling, as well as for editing purposes, hence it is another factor driving the growth of the entertainment transcription market.

It is necessary to keep the contents of the entertainment industry as a secret until the content is aired live to the target audience, thus it is very important to maintain the confidentiality of the content, and hence it is one of the major factors restraining the growth of the entertainment transcription market.

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Global Entertainment Transcription Market: Competition Landscape

Key Developments

In August 2017, Outsource2india’s parent company Flatworld Solutions Inc., a back office services provider, has signed a strategic partnership with Quadratyx, a data science and artificial intelligence company. Through this partnership they will be able to provide intelligent solutions in fraud detection for banks, crime prevention for cities, bringing efficiency to the Insurance industry.

Key Vendors

Examples of some of the market participants in the global entertainment transcription market identified across the value chain include Synergy Transcription Services, Capital Typing, TranscribeMe Inc., TranscriptionStar, Pioneer Support Services, Inc., Outsource2india, Hourtrans.com and g11n Inc.

Global Entertainment Transcription Market: Regional Outlook

Geographically, the entertainment transcription market can be segmented into North America, Western Europe, Latin America, Eastern Europe, Asia Pacific excluding Japan (APEJ), Middle East and Africa (MEA), and Japan.

North America contributes the highest share of entertainment transcription market as in developed economies such as U. S. and Canada, there is high adoption of the entertainment transcription across the media and entertainment industries.

Asia Pacific is anticipated to exhibit high growth in entertainment transcription market during the forecast period as some of Asian countries are some of the leading hubs for offshoring of entertainment transcription services.

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Regional analysis for Global Entertainment Transcription Market includes

• North America Entertainment Transcription Market
  • U.S.
  • Canada
• Latin America Entertainment Transcription Market
  • Argentina
  • Mexico
  • Brazil
  • Rest of Latin America
• Western Europe Entertainment Transcription Market
  • Germany
  • France
  • U.K.
  • Spain
  • Italy
  • Nordic
  • Benelux
  • Rest of Western Europe
• Eastern Europe Entertainment Transcription Market
  • Poland
  • Russia
• Asia Pacific Entertainment Transcription Market
  • India
  • ASEAN
  • Australia and New Zealand
  • Rest of SEA and Others of APAC
• Japan Entertainment Transcription Market
• China Entertainment Transcription Market
• Middle East and Africa Entertainment Transcription Market
  • GCC Countries
  • North Africa
  • South Africa
  • Rest of MEA

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. It provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. It also maps the qualitative impact of various market factors on market segments and geographies.

The global entertainment transcription market can be segmented on the basis of file type, service, and region.