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1. What is speech recognition software?
Speech recognition software (aka voice recognition software) enables computers to interpret human speech and transcribe that speech to text, and vice versa. Speech recognition software can also power personal virtual assistants, facilitating voice commands that prompt specific actions. Speech recognition software applications include interactive voice response (IVR) systems, which route incoming calls to the correct destination based on customer voice instructions.
2. The benefits of speech recognition software
3. Typical features of speech recognition software
4. The cost of speech recognition software
Speech recognition software vendors offer a variety of pricing models based on factors such as duration of use, number of users, number of words, and audio duration.
Here are the most four common pricing models:
*The pricing included in this table is for the entry-level/lowest priced offering found on vendor websites on September 12, 2018.
5. Considerations when purchasing speech recognition software
6. Relevant speech recognition software trends
Sources
Products evaluated for pricing calculation were taken from Capterra’s product catalog (sorted by “most reviewed”). The pricing ranges exclude freemium versions of the products. The features highlighted were identified based on their relevance and the percentage of products in Capterra’s directory that offer them.
The following sources were used for this document:
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