Technology Developments Drive the Global Market for Speech Technology, According to an Upcoming Report by Global Industry Analysts, Inc.

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GIA initiates research coverage on the global “Speech Technology” market, as part of its ongoing multiple research projects on diverse industries and markets. The soon to be released report identifies effervescent technology development, expanding new application areas, and proliferation of Voice over Internet Protocol (VoIP), as primary growth drivers in the market.

Speech Technology: A Global Multi-Client Research Initiative

Follow us on LinkedIn – GIA is pleased to announce the launch of a major research program analysing the trends impacting the market for “Speech Technology”. Invited to participate in this comprehensive grassroots level global research initiative are senior industry executives, domain experts, technologists and market strategists. The new report to be issued shortly will offer accurate assessment of global market developments including major technologies, trends and challenges, together with descriptive, exploratory, and quantitative analysis of major product and geographic market segments. For details about how you can participate in this primary research program to include your inputs prior to the publication, please click here.

Speech recognition solutions, over the years, have evolved to attain mainstream applications in airlines, banks, medical transcription, warehousing, inventory management, security, and brokerages sectors. In the enterprise segment, the technology serves as an important tool for building customer relationships and for achieving service differentiation and is therefore widely used in call centers. Key factors fuelling growth in the market include expanding consumer applications and rapid proliferation of Voice over Internet Protocol (VoIP). Growing popularity of automotive navigation, telematics, LBS and GPRS based information tracking and customized infotainment services will help drive demand in the market. Medical centers, hospitals, and pharmaceutical companies are increasingly adopting self-service speech solutions to bring down operational costs and enhance privacy of their customers. Speech-user interfaces are also being tested as an alternative to keypad and graphical based interfaces in handheld devices, fax machines and telephones. Speech communication is also a vital capability in a number of military operations including communications, control and command, intelligence, field vehicle operations, and aircraft and ship operations. Consumer applications of the technology range from rudimentary voice-enabled alarm systems, and voice-based dialers on mobile handsets, to voice-based email.

The upcoming report will offer coverage on major companies including Convergys Corp, IBM Voice Systems, Intel Corporation, Microsoft Speech Technologies, Nuance Communications Inc., and Telisma, among others.

In addition, the study will also provide:

  • Valuable market based intelligence on new emerging trends, growth drivers, issues and challenges.
  • Current coverage on company information and latest news and events including strategic corporate developments, and product innovations
  • Fresh research perspectives, statistical findings, analyst analysis, and commentaries
  • Accurate market estimates, projections, and forecasts across product segments (Automatic Speech Recognition, Text-to-Speech and Speaker Verification) and major geographic markets (the United States, Canada, Japan, Europe, Rest of World).

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
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Raghu Gopal
Global Industry Analysts Inc
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