With more than 6,000 users of its products and sales projected to reach $1.2 billion in 2010, Nuance Communications General Manager of India and Southeast Asia Sunny Rao recently explained that he sees potential growth in the speech recognition market.
“Our market includes not just software, but also services and systems in areas ranging from desktop software to call centers, healthcare, mobile phones and automobiles,” Rao recently told CIOL in an interview. “It’s a diverse and growing market. Speech is probably the preferred way for people everywhere to interact with technology.”
Nuance Communications is the maker of PC-based speech dictation software Dragon NaturallySpeaking, which enables users to dictate and have their speech transcribed as written text. Rao explained the key areas of the speech recognition software include medical and legal reporting, as well as field reporting such as insurance claims or social work and law enforcement reporting.
According to Rao, most people type at a rate of 40 words per minute. Speech recognition software and transcription recorders, such as those offered by American Dictation, enable users to create documents and emails almost three times faster than typing.
According to a report by BCC Research released in September, the voice recognition technologies market will grow at a compound annual growth rate of 8.8 percent between 2010 and 2015, from $38.4 billion to $58.4 billion.
“Our market includes not just software, but also services and systems in areas ranging from desktop software to call centers, healthcare, mobile phones and automobiles,” Rao recently told CIOL in an interview. “It’s a diverse and growing market. Speech is probably the preferred way for people everywhere to interact with technology.”
Nuance Communications is the maker of PC-based speech dictation software Dragon NaturallySpeaking, which enables users to dictate and have their speech transcribed as written text. Rao explained the key areas of the speech recognition software include medical and legal reporting, as well as field reporting such as insurance claims or social work and law enforcement reporting.
According to Rao, most people type at a rate of 40 words per minute. Speech recognition software and transcription recorders, such as those offered by American Dictation, enable users to create documents and emails almost three times faster than typing.
According to a report by BCC Research released in September, the voice recognition technologies market will grow at a compound annual growth rate of 8.8 percent between 2010 and 2015, from $38.4 billion to $58.4 billion.
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