885 — Gartner says worldwide speech recognition industry to reach €110 million in 2003

Oct 27, 2003 | Conteúdos Em Ingles

Gartner analysts said worldwide speech recognition telephony software revenue is on pace to reach €110 million in 2003, up from €108 million in 2002. The speech recognition industry hit its peak in 2000 when worldwide revenue totalled €119 million, but the industry suffered declines in 2001 and 2002. North America is the largest market for speech recognition products, as the region is on pace to account for 61 percent of revenue in 2003. Europe, Middle East and Africa is the No. 2 region, as it is projected to represent 26 percent of the market. Gartner analysts said North America’s market share will decline through 2007 as other regions experience stronger growth rates.

“There are several signs that the speech recognition industry is maturing. Many implementations provide proof that solutions that use speech recognition can deliver business value, as cost savings or improved customer service,” said Steve Cramoysan, principal analyst for Gartner.

“The clear market leaders today are Nuance and ScanSoft. Entry by Microsoft, IBM, and Intel into the market is providing significant momentum, and further changes in the vendor landscape are to be expected.”

Gartner says the performance of speech recognition engines has been much improved. It is becoming increasingly difficult for vendors to differentiate purely on the basis of speech recognition success rates. Internet-based applications and standards, such as VoiceXML , are gaining market share, providing an increasingly distributed architecture that allows companies to leverage their investment in speech technology and allows services providers to offer speech recognition services to enterprises.

Call center and business portal applications are the largest segments for speech recognition products. Other application segments such as unified communications are expected to eventually increase their share of the market. ‘Unified communications will need to mature, whereas the contact center market is already reaching maturity,’ Cramoysan said.


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