Global Market for Voice/Speech Recognition Systems and Software to Reach US$69.4 Billion by 2015, According to a New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global outlook on the Voice Recognition Systems and Software Industry. Robust growth is predicted for speech recognition as the market is still under penetrated. Advancements in adaptability and improvements in accuracy would go a long way in ensuring continuous growth for speech recognition applications. Presently, fastest growth is being witnessed in North America, while EMEA and APAC also hold great potential.

Voice/Speech Recognition Systems: A Global Outlook

Follow us on LinkedIn – The use of voice/speech recognition technology has transcended from conventional corporate uses, such as automated speech enabled interactive voice response systems at contact centers to mass-market products, such as, mobile phones, and car navigation systems, among others. From searching addresses in the mobile phone, accessing public information from the Internet, dictating messages to computers, controlling consumer appliances to converting voice mail into email or text message, the use of simple and natural speech commands continues to gain significance. Speech recognition technologies are today an integral part of an increasing number of products and services across a broader array of industries. Organizations which intend to differentiate themselves in a crowded business environment, through improved automated customer care are increasingly deploying speech recognition systems. Proliferation of speech recognition technologies has over the last few years encouraged mobile phone manufacturers to offer mobile handsets with voice recognition features, such as voice-dialing, speech-enabled GPS navigation, and other voice-powered applications, such as, auto-dictation, and voice search.

The market however remains under penetrated, with technology hurdles obstructing wider acceptance. One of the key stumbling blocks for the popularity of the technology is accuracy. The spoken command is not always recognized by the devices. Another major challenge is for the enterprises that deploy voice-enabled systems. Nevertheless, market for voice recognition systems and software is projected to witness unfazed developments with players in the space striving to take the technology to higher grounds by improving the ability of these systems to accurately recognize and respond to natural human speech.

The research report titled “Voice/Speech Recognition Systems: A Global Outlook” ” announced by Global Industry Analysts, Inc., provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers a bird’s eye view of the world voice/speech recognition systems market and the underlying technology and identifies major trends, issues, challenges and growth drivers. Market discussions in the report are punctuated with fact-rich market data tables. Regional markets elaborated upon include North America, Europe and Asia-Pacific. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of companies worldwide.

For more details about this comprehensive industry report, please visit –
http://www.strategyr.com/Voice_Recognition_Systems_and_Software_Industry_Market_Report.asp

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 more than 1300 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.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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