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Voice Recognition Software


ProcurementIQ’s Procurement Research Reports cover thousands of indirect purchasing lines. Our data and analysis help you strategically engage and negotiate with suppliers and give you the credibility to work with internal stakeholders and executives. ProcurementIQ’s Voice Recognition Software procurement research provides price trends and forecasts, supplier benchmarks and negotiation questions all intended to give your company leverage during the sourcing process.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard

Voice Recognition Software - Recent Price Trend

The price of voice recognition software has been falling steadily during the past three years at an estimated annualized rate of 1.2%. The emergence and proliferation of free voice recognition software has steadily eroded prices. Vendors have been forced to lower prices to remain competitive against the abundance of free substitutes in the software.Price declines have, however, been moderated by.

Voice Recognition Software - Total Cost of Ownership

Buyers of voice recognition software face few costs in addition to the purchase price. For one, buyers must have a microphone attached to their computers to use the software, but paid software packages often include a microphone or headset. Some products may require training, especially in specialized settings such as in healthcare. To reduce training costs, buyers can consolidate.

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About this Report

This report is intended to assist buyers of voice recognition software, which is designed to turn speech into text for the purpose of documentation or voice commands. Voice recognition software is supplied by diversified, global technology companies and smaller voice recognition specialists. The most common buyer types include healthcare service providers, legal service providers, government agencies and financial and insurance agencies. This report focuses on programs and software for personal computers and excludes software and programs designed for mobile devices, free voice recognition software and programs that include voice recognition functionality as a secondary feature.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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