Speech recognition market to Approach 1 Billion Dollars by 2013

Reportinker.com recently announced it is adding the research from the Automatic Speech Recognition Market – 2009 -2013 to its catalog of studies.

According to the report, the speech recognition market is expected to reach $933 million by 2013. The increase in revenue will follow a 15 percent spike over the next three years, according to the report.

Drivers that will factor into market growth include success stories of early enterprise adopters, growing use of biometrics for secure identification purposes, further technological advancements and clear cost savings across industries with the use of speech recognition applications, according to the report.

There is also plenty of room for further growth over the same time period. According to the report, growth will accelerate as the availability of the technology grows and benefits become better known.

Companies and organizations looking to realize the cost savings and improved efficiency benefits of speech recognition and digital dictation have a resource in American Dictation Corp.  The website offers all the necessary software and tools for an effective speech recognition or digital dictation deployment