Aarkstore.com Announces the Publication of its Report – Global Automatic Speech Recognition Applications Market 2011–2015
TechNavio today launched its report Global Automatic Speech Recognition Applications Market 2011–2015 based on an in-depth study covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Enterprise Computing team said; “Currently, the market is witnessing a shift toward networked Automatic Speech Recognition (ASR) applications. Encouraged by its growing popularity, several vendors have started developing innovative networked ASR applications. In addition, there is growing demand for cloud-based applications as they reduce the per-customer servicing cost of the end-users. Hence, in order to meet this increasing demand for cloud-based ASR applications, several new vendors are providing cloud-based ASR applications on the hosted interactive voice response (IVR) platform.”
According to the report, the growing concern for security has increased the adoption of biometric technologies among enterprises and governments. This is one of the key drivers in the Global ASR Applications market because ASR applications are used along with voice authentication applications. In addition, the low cost of biometric devices has increased the demand in small and medium businesses (SMBs). The use of ASR applications for attendance purposes is another major criterion which is increasing the demand for ASR applications across various enterprises.
Further, the report also discusses that one of the major challenges in the Global ASR Applications market is lack of awareness about the applications and their benefits.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.