Automatic Speech Recognition Applications
2010 - 2013 Market
technavio insights
Automatic Speech Recognition Applications
2010 - 2013 Market
CONTENTS
01. Executive Summary ..............................................1
02. Introduction ...........................................................2
03. Market Landscape ................................................3
03.1 Market size by geography ................................................... 5
03.2 Market size by end users / customer segments ................ 6
04. Vendor Landscape ...............................................9
05. Usage Scenarios .................................................12
06. Buying Criteria .....................................................17
07. Market Growth Drivers ........................................19
08. Drivers and their impact .....................................21
09. Market Challenges .............................................22
10. Market Trends ......................................................24
11. Key Vendor Analysis ...........................................27
11.1 Nuance Communications ................................................. 27
11.2 Loquendo ............................................................................. 29
11.3 LumenVox............................................................................. 30
12. Other Reports in this Series .................................32
2010 - 2013 Automatic Speech Recognition Applications Market
Automatic Speech Recognition Applications
2010 - 2013 Market
EXHIBITS
Exhibit 1: Automatic Speech Recognition Applications
Market Size (2009 – 2013) ......................................................................4
Exhibit 2: Market Share by Geography..............................................5
Exhibit 3: Market Share by Customer Segments...............................6
Exhibit 4: Market Share of vendors in Automatic Speech
Recognition Applications Market..........................................................9
Exhibit 5: Acquisitions in the last decade ........................................10
Exhibit 6: Industries serviced by Nuance .........................................28
Exhibit 7: Acquisitions done by Nuance ..........................................28
2010 - 2013 Automatic Speech Recognition Applications Market
Automatic Speech Recognition Applications Market 1
01. Executive Summary
Speech Recognition Applications and Products market, excluding
Market Definition
the speech recognition engines.
Market size 2009 : $533 Million
2013 : $1440 Million
Growth Rates 28 percent
North America
Key Geographies
Europe
Enterprises
Key Customer Segments
Mobile Device providers
Acquisition led growth
Trends Increase in technological and business alliances
Increase in R&D partnerships with educational institutes
Successful experience of early adopters
Driver Growing use of biometrics
Advancements in Speech Recognition technologies
Slower than expected adoption of speech technologies
Challenges Pricing pressure on Mobile devices
Technology customization required to explore new markets
Accuracy
Key customer needs Adaptability
Pricing
Nuance
Key Vendors Loquendo
LumenVox
2010 - 2013 Automatic Speech Recognition Applications Market
Automatic Speech Recognition Applications Market 2
02. Introduction
Speech recognition is the concept of interpreting human voice signals through machines. It is
primarily supported by certain technologies and engines, which are capable of cracking and
interpreting one of the most complex and noisy input signals, under continuous disturbance by a
wide range of dynamic parameters. The Speech Recognition technology is mainly used to assist
professionals in their day-to-day activities enabling effective utilization of time and money,
without deteriorating the productivity of the task. Speech Recognition is widely discussed and
being analyzed for its application across industries.
Speech Recognition, once seen possible only in the realm of science fiction movies and novels,
is increasingly becoming more mainstream. The advancement in technology over the last
couple of decades has contributed significantly to this changing state of affairs. The highlight of
speech recognition technologies over other technological development is the existing process
or technology that is going to get replaced. In general, newly developed technologies replace
the existing technologies, whereas speech recognition actually replaces manual