Flourishing demand for Video Conferencing Transcribing Industry

A transcription service is a business service that converts speech (either live or recorded) into a written or electronic text document. Transcription services are often provided for business, legal, or medical purposes. The most common type of transcription is from a spoken language source to text such as a computer file that is suitable for printing as a document such as a report. Common examples are the procedure of a court hearing such as a criminal proceeding (by a court clerk) or a doctor's recorded voice memos (medical transcription). Some transcription companies can send employees to events, speeches, or seminars who then convert the spoken content into text.

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Some of the key players of Video Conferencing Transcribing Industry:

Amazon Transcribe, QNAP, Nuance, IBM WATSON, TranscribeMe, Google, Sonix, Verbit.ai, Voicea, Otter.ai, Trint

Some companies also accept recorded speech, either on cassette, CD, VHS, or as audio files. Different individuals and organizations have different prices and pricing methods for a transcription service. This can be per line, per word, per minute or per hour, which differs from individual to individual and from industry to industry. Transcription companies primarily serve private law firms, local, state, and federal government agencies and courts, trade associations, meeting planners, and nonprofits.

Before 1970, transcribing was a difficult task as the secretaries had to write down the speech as she heard it with advanced skills such as shorthand. They also had to be in the place where the service was needed. However, with the introduction of cassettes and portable recorders in the late 1970s, things got much easier and new opportunities arose. Cassettes can be shipped via internal or external mail, which means the transcriptors can get the work done in their own office, elsewhere, or in another store for the first time. For the first time ever, transcriptors for many different companies were able to work from home at their own discretion, provided they met the deadlines their clients requested.