How Much Is the Transcription Industry Growing

How Much Is the Transcription Industry Growing
Ajay Prasad

Ajay Prasad


Hiring an online transcription service is very popular in various fields of endeavor that necessitate constant transcription of data. These fields typically include medicine, law, and business management, among many others. Here are some reasons why transcription services have become popular over the years:


Accessibility makes it easy for Transcription services to expand, as a quick search on the Internet can present plenty of examples of companies that are willing to provide their services. You can shop around without having to leave your comfort zone.

Cost Efficiency

Transcription helps companies save lots of overhead expenditures. As a person who provides this service, you are helping other companies cut down their expenses in terms of benefits, salaries, and equipment. In other words, companies might even pay you more for your services.

Lower Chance of Mistakes

The online services that transcriptionists offer allow people to make fewer mistakes, as they tend to be more careful when they are carrying out their job (as opposed to non-human software that transcribes).


With many people interested in the online services of experienced transcriptionists, you can easily find someone that can provide the service to you and your company. Most online transcriptionists have certified qualifications, which means you will be hiring someone with experience and who transcribed accurately.

Multiple File Formats

Clients can provide online audio transcribers with different formats of files, such as .WAV, .MP3, .MP4, .MPEG, and many more. You can also provide files in CD or DVD formats.

In the near future, clients can look forward to advances in voice recognition software and multiple outsourcing of transcription service overseas, which can increase expertise up to 81% - unlike in the past where it was rather difficult to find a transcriptionist that was able to provide their service.

Read Also: Expected Growth of the Transcription Industry

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Ajay Prasad

Ajay Prasad

Ajay Prasad is the Founder of GMR Transcription Services Inc., an Orange County, California based company that has been providing accurate and affordable transcription services since 2004. GMR Transcription has worked with over 12,000 clients spanning myriad industries and prides itself on its customer service and quick turnaround time. Their services include audio transcription, video transcription and digital transcription, as well as Spanish and Mandarin translation.