PRWEB - Staggering speech recognition growth

 

San Jose, California (PRWEB) -- Buoyed by the robust growth in developed regions, the global speech technology market , per http://www.strategyr.com/Speech_Technology_Market_Report.asp is portended to reach US$7.8 billion by 2010. North America and Europe collectively contribute over 91% of expenditures on speech technologies.

 Automatic speech recognition markets, per http://www.strategyr.com/Speech_Technology_Market_Report.asp, represent the largest segment for growth.

 Sales from automatic speech recognition products are expected to register about US$7.5 billion by 2010. Business portal self-service and call center applications are the biggest sectors for growth and sales in the speech recognition telephony software markets, constituting over three-fourths of all global shipments.

 Major factors for automatic speech recognition technology's high growth include - the power and speed of the standard PC increased subsequently gaining the ability to process speech in real-time; and algorithms were enhanced to enable computers to distinguish correct patterns that inspire speech, without giving importance to speed of speech, accent or other parameters.

We say.. terrific .. !!