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Reportlinker Adds Global Voice/Speech Recognition Systems Industry

Posted on: Friday, 16 October 2009, 09:45 CDT

NEW YORK, Oct. 16 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue.

Reportlinker Adds Global Voice/Speech Recognition Systems Industry

http://www.reportlinker.com/p0155037/Reportlinker-Adds-Global-Voice/Speech-Recognition-Systems-Industry.html

The global outlook series on Voice/Speech Recognition Systems provides a collection of market briefs, concise summaries and statistical anecdotes of research findings. The report offers a rudimentary overview of the industry and details trends such as, growing demand for speech-based searching and analytics, increased focus on voice Internet and speech-enabled systems by technology vendors, and growing popularity of network-based speech recognition and distributed speech recognition technologies. Additionally, the impact of the ongoing economic recession is discussed, while also identifying growth drivers such as fast paced adoption of speech recognition systems at contact centers, growing use of biometrics, and technology advancements in mobile and in-vehicle applications. The report also presents a recapitulation of latest strategic corporate developments and product launches/innovations. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of 234 companies worldwide.

1. GLOBAL MARKET OVERVIEW 1

Speech Recognition Systems: A Prelude 1

Current Scenario: A Review 1

Ubiquitous Applications Characterize the Market for SR Systems 2

Growing Popularity of SR Triggers Innovations in Voice-Interface Devices 2

Pitfalls of Embedded Speech Unleash a Search for Effective Alternatives 3

Network-Based SR & Distributed SR Technologies Rise in Popularity 3

Open Standards: A Key Architectural Requisite 3

Use of Speech Technology in Next Generation Networks 4

Speech-based Searching Gaining Pace 4

Demand for Speech Analytics On the Rise 5

The Internet Holds Out Lucrative Potential for Speech Recognition Technologies 5

Audio Mining for Searching Online Audio and Video Content 6

Speech Recognition Technologies Get a Fillip from Video Integration 6

SR Technology Vendors Focus on Voice Internet & Speech Embedded Systems 6

Fast Paced Adoption of SR Systems at Contact Centers Drives Growth 7

Table 1: Cost Comparison of Customer Calls Handled by A Single Call Service Agent and a Speech Enabled IVR System:

Breakdown of Number of Calls, Call Cost per Year & Average Call Cost 7

Table 2: Payback Period Analysis for a 72-Port Speech-Enabled IVR System 8

Biometrics Offers Lucrative Opportunities for Voice Recognition Systems 8

Increasing Security Threats Drive Voice Verification Biometrics Market 8

Speech Security: A Business Case for Growth 8

Table 3: World Recent Past, Current & Future Analysis for Voice Recognition Technology in Biometrics by Geographic

Region/Country - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East, and Latin America Markets

Independently Analyzed with Annual Sales in US$ Thousand for Years 2008, 2010, 2012 & 2015 9

Emergence of Standards Contributes to the Automated Speech Recognition Market 9

Applications of Automated Speech Recognition 10

Table 4: World Long Term Analysis for Automatic Speech Recognition by Geographic Region - USA, Canada, Japan,

Europe, and Rest of World Markets Independently Analyzed with Annual Sales Figures in US$ Million for Years 2010, 2012, and 2014 10

Rapid Growth in VoIP Driving Speech Recognition Technology 11

Demand for Speech Enabled IVRs on the Rise 11

Table 5: World Market for Interactive Voice Response (IVR) Systems by Geographic Region - Percentage Breakdown of

Revenues for US, Canada, Europe and Rest of World for the Year 2008 12

Table 6: North American Market for Interactive Voice Recognition (IVR) Systems (2007): Percentage Share Breakdown of Revenues by Technology 12

VoiceXML Set to Become the Dominant IVR Technology 12

IVR Vendors Shift Focus to Small & Medium Sized Companies 13

Mobile Phones: The Next Frontier for Speech Recognition Systems 13

Growing Adoption of SR Technology in "In-Vehicle Systems" 13

Demographic Trends & Findings 14

Telematics & Car Infotainment: A Boon for the SR Technology Market 15

Technology Challenges to Reckon With 15

Promising Applications in the Healthcare Industry: A Sneak Peek 15

Redefining the Standards of Healthcare Efficiency 15

A Peek into Technology Adoption 16

Radiology Department & Point-of-Care: Potentially Strong Application Areas 16

How Real Is the Threat of Substitution of Medical Transcription Services? 17

Speech-Enabled Self-Service Solutions Have Healthcare Providers Up by the Ears 17

Growth Drivers In a Capsule: A Recapitulation 18

Market for Voice/Speech Recognition Systems Remains Buoyant Despite Recession 18

2. TECHNOLOGY/PRODUCT OVERVIEW 19

Speech Recognition: A Definition 19

Voice Recognition Systems 20

Application Areas 20

Strengths and Weaknesses 20

Speech-Enabled IVR Solutions 20

Benefits of Speech-Enabled IVR Solutions 21

Voice/Speech Recognition Systems: An Evolution Scan 22

Noteworthy Milestones in VRS Development 22

A Primer 22

1700s & 1800s 22

1960s & 1970s 23

1980s 23

1990s 23

2000s 23

Types of Speech Recognition (SR) Systems 23

Speaker Dependent System 23

Speaker Independent System 23

Discrete Speech System 23

Continuous Speech System 24

What is Speech Recognition Software? 24

Speech Recognition Framework 24

Telephony Platform 24

Enterprise-Based Speech Recognition Applications 24

Network-Based Speech Recognition Applications 24

Voice Portals 24

Speech Recognition Technology: A Classification 25

Major Brands in the Market 25

Key End-Use Application Sectors 25

HealthCare 26

Military/Aerospace 26

High-Performance Fighter Aircraft 26

Helicopters 27

Battle Management Command Centers 27

Training of Air Traffic Controller s27

Communications & Telephony 27

Automotive Industry 28

Commercial Establishments 28

Consumer Electronics & Appliances 29

Other Applications of Speech Recognition Programs 29

What is VoiceXML Technology? 29

VoiceXML Design 30

VoiceXML Improves Customer Service 30

VoiceXML Offers Benefits at Low Costs 31

VoiceXML - Enhancing Speech Recognition Technology 31

3. STRATEGIC CORPORATE DEVELOPMENTS 31

4. PRODUCT LAUNCHES/INNOVATIONS 42

REGIONAL MARKET OVERVIEW

1. NORTH AMERICA 67

IVR Market in North America: An Overview 67

Where Do the Opportunities Lie? 68

Factors Influencing the IVR Market 68

Packaged Applications Drive Growth 68

Table 7: US Market for Speech Applications (2005):Percentage Breakdown of Value Sales for Custom Applications and Packaged Applications 68

Speech Recognition Market in the United States: A Review 69

Table 8: US Speech Technology Market (2007): Percentage Breakdown by Application - Call Centers, Directory,

Communications, Business Process, Transactions, and Others 69

Table 9: US Market for Speech Technology (2007): Percentage Breakdown of Dollar Sales by Product Segment - Automatic Speech Recognition, Text-to-Speech, and Speaker Verification 69

Growing Adoption of Speech Recognition Systems Among American Doctors 70

Speech Recognition Market in Canada: A Review 70

Canadian Government Steps in to Push Up the Technology's Adoption 70

Key Statistical Findings 71

Table 10: North America Current & Future Analysis for Interactive Voice Response (IVR) Systems by Product Segment -Less than 24 Ports, 25 to 46 Ports, 47 to 64 Ports and 65 and Above Ports Markets Independently Analyzed with Annual Revenues in US$ Million for the Years 2008, 2010, and 201271

Table 11: North American Market for Interactive Voice Response (IVR) Systems by End-Use Sector - Percentage Breakdown of Revenues for Banking/Finance, Telecom, Insurance, Travel/Hospitality, Healthcare and Other Markets for the year 2008 72

Table 12: North American Market for Interactive Voice Response (IVR) Systems (2006): Percentage Share Breakdown of Revenues of Major Players -Avaya, Nortel, Intervoice, Genesys, IBM, Cisco, Envox, Aspect Software, and Others 72

2. EUROPE 73

Voice Recognition in the European Healthcare Industry: A Review 73

Major Growth Drivers and Challenges 73

3. ASIA PACIFIC 73

Interactive Voice Response (IVR) Systems in Call Centers: A Review 73

Organic Growth of Telecom and Banking Industries Fuel IVR Adoption 73

SR Technologies Expand to Encompass Numerous Asian Languages 74

Focus on Select Regional Markets 74

Australia 74

Korea 74

To order this report:

Reportlinker Adds Global Voice/Speech Recognition Systems Industry

http://www.reportlinker.com/p0155037/Reportlinker-Adds-Global-Voice/Speech-Recognition-Systems-Industry.html

More market research reports here!

Nicolas Bombourg Reportlinker Email: nbo@reportlinker.com US: (805)652-2626 Intl: +1 805-652-2626

SOURCE Reportlinker

Source: PR Newswire

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