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Home > Communications > Telecommunications > General Telecom
Automating and Enhancing Processes through Voice in Desktop and Back Office Environments (Strategic Focus)
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| Published Date:
April 2008
Published By:
Datamonitor
Page Count:
34
Order Code:
R313-31804
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- Overview
- Catalyst
- Summary
- Key Messages
- The accuracy of speech recognition has improved over recent years
- Speech recognition adoption is being driven by the increased use of digital dictation
- The healthcare industry presents the greatest opportunity for vendors
- Nuance and Philips are approaching the market with different strategies
- Speech recognition vendors are still developing their partner ecosystems
- Table of Contents
- Table of figures
- Table of tables
- Market Opportunity
- PC- and server-based speech recognition defined
- Speech recognition rates have improved in the last five years
- 'Front-end' and 'back-end' speech recognition
- Speech recognition has found its niche in the healthcare and professional services markets
- Market drivers
- The increased use of digital dictation systems is helping drive greater adoption of speech recognition
- Automation of processes and cost pressure in the healthcare industry
- Market challenges
- Poor accuracy and disappointing deployments in the past make users hesitant to adopt
- Moving technology out of niche environments will be difficult for vendors
- The slow roll-out of EHRs and digitization of systems
- Market size and trends
- There is a greater acceptance of speech recognition across different environments
- Services will account for the majority of spend for PC- and server-based speech recognition
- North America represents the largest market opportunity for PC-and server-based speech recognition
- Verticalized solutions have the greatest appeal in the market
- Dictation and transcription represent the largest opportunities for licenses and services, respectively
- Customer Impact: Key industry focus
- Healthcare is the largest market for speech recognition
- Restricted budgets and the need to create accurate patient records make healthcare an ideal market
- Speech recognition provides clear benefits to processes in radiology and pathology
- When implemented with an EHR system, speech recognition can speed up the process on fulfilment
- Critical test results and patient safety are also driving adoption
- Adoption of speech recognition is gaining traction in the professional services industry
- There is a growing demand for consumers, particularly for customers with disabilities
- Speech recognition is playing a role in education for language training
- Uptake of speech recognition in other industries has been limited
- End-user pain points with implementing and using speech recognition systems
- Speech recognition systems can help alleviate pressure on staff but cost remains a primary issue
- Specialized vocabularies and training needs mean that speech recognition is limited to certain roles
- Background noise and confidentiality make speech recognition unsuitable for a number of employees
- When to invest: ROI model
- Tangible benefits:
- Intangible benefits:
- Competitive Landscape
- Nuance
- Strengths and opportunities
- Weaknesses and threats
- Philips
- Strengths and opportunities
- Weaknesses and threats
- Niche vendors (in alphabetical order)
- eScription & Spheris
- IBM
- MacSpeech
- Microsoft
- RedStart Systems
- Speech recognition for language learning (vendors in alphabetical order)
- Carnegie speech
- Lingvosoft
- RosettaStone
- Soliloquy Learning
- Go to Market
- Healthcare: Direct sales or through medical integration partners
- Consumer: Retailers and e-tailers
- Professional Services: Digital Dictation
- Future Trends
- Speech recognition will become more embedded within document workflow and automation solutions
- Recommendations
- Vendors need to provide a clear marketing message
- Vendors should work more closely with EHR vendors and systems integrators
- There is room for product improvements in the consumer market
- APPENDIX
- Definitions
- Methodology
- Further reading
- Ask the analyst
- Datamonitor consulting
- Disclaimer
- List of Tables
- Table 1: Spending on PC- and server-based speech recognition, 2007-2013
- Table 2: Spending on PC- and server-based speech recognition in North America and EMEA, 2007-2013
- Table 3: Spending on PC- and server-based speech recognition licenses by vertical industry, 2007-2013
- Table 4: Spending on PC- and server-based speech recognition in 2007 by solution type
- List of Figures
- Figure 1: An example of the use of front-end speech recognition for a physician to dictate an EHR
- Figure 2: The process for server side speech recognition is longer but reduces pressure on the dictator
- Figure 3: Spending on PC- and server-based speech recognition, 2007-2013
- Figure 4: Spending on licenses and services PC- and server-based speech recognition in North America and EMEA, 2007-2013
- Figure 5: Spending on PC- and server-based speech recognition licenses by vertical industry, 2007-2013
- Figure 6: Spending on PC- and server-based speech recognition in 2007 by solution type
- Figure 7: Leading speech recognition vendors and their areas of coverage
- Figure 8: Speech recognition applications and their uses
- Figure 9: SWOT Analysis: Nuance
- Figure 10: SWOT Analysis: Philips
- Figure 11: Speech recognition channels in the healthcare industry
- Figure 12: Speech recognition channels in the legal industry
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