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Nuance Communications Inc   (NUAN)
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    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology

Nuance Communications Inc 's

Competitiveness


 

NUAN Sales vs. its Competitors Q4 2021



Comparing the current results to its competitors, Nuance Communications Inc reported Revenue decrease in the 4 quarter 2021 year on year by -7.03 %, despite the revenue increase by the most of its competitors of 18.86 %, recorded in the same quarter.

List of NUAN Competitors





Revenue Growth Comparisons




Net Income Comparison


Nuance Communications Inc , despite income growth by most of its competitors recorded a net loss, despite income increase by most of its competitors of 11.95 %

<<  NUAN Stock Performance Comparisons


Nuance Communications Inc 's Comment on Competitors and Industry Peers


The several markets in which we compete are highly competitive and are subject to rapid technology changes. There are a number of companies that develop or may develop solutions and technologies that compete in our target markets; however, currently there is no one company that directly competes with us across all of our solutions and technologies. While we expect competition to continue to increase both from existing competitors and new market entrants, we believe that we will compete effectively based on many factors, including:

Specialized Professional Services. Our superior technology, when coupled with the high quality and domain knowledge of our professional services organization, allows our customers and partners to place a high degree of confidence and trust in our ability to deliver results. We support our customers in designing and building powerful innovative applications that specifically address their needs and requirements.

International Coverage. The international reach of our solutions and technologies is due to the broad language coverage of our offerings, including our voice recognition and natural language understanding solutions, which provide recognition for approximately 70 languages and dialects and natural-sounding synthesized speech in over 160 voices, and support a broad range of hardware platforms and operating systems. Our imaging technology supports more than 120 languages for OCR and document handling, with up to 20 screen language choices, including Asian languages.

Technological Superiority. Our voice recognition, NLU and imaging technologies, applications and solutions are often recognized as the most innovative and proficient in their respective categories. Our voice recognition and NLU solutions have industry-leading recognition accuracy and provide a natural, voice-enabled interaction with systems, devices and applications. Our OCR technology in our Imaging segment is viewed as the most accurate in the industry. Technology publications, analyst research and independent benchmarks have consistently indicated that our solutions and technologies rank at or above performance levels of alternative solutions.

Broad Distribution Channels. Our ability to address the needs of specific markets, such as financial, law, healthcare and government, and to introduce new solutions and technologies quickly and effectively is provided by our direct sales force, our extensive global network of resellers, comprising system integrators, independent software vendors, value-added resellers, hardware vendors, telecommunications carriers and distributors, and our e-commerce website.


We compete with companies such as Adobe, Google, iFlyTek, LivePerson, M*Modal, Optum and 3M. In addition, a number of smaller companies offer solutions, technologies or products that are competitive with our solutions and technologies in the voice recognition, natural language understanding, text input and imaging markets. In certain markets, some of our partners such as Avaya, Cisco, Convergys, and Genesys develop and market products and services that might be considered substitutes for our solutions and technologies. Current and potential competitors have established, or may establish, cooperative relationships among themselves or with third parties to increase the ability of their technologies to address the needs of our prospective customers.


Some of our competitors or potential competitors, such as Adobe, Google, and 3M, have significantly greater financial, technical and marketing resources than we do. These competitors may be able to respond more rapidly than we can to new or emerging technologies or changes in customer requirements. They may also devote greater resources to the development, promotion and sale of their products than we do.





  

Overall company Market Share Q4 2021

Overall company, revenue fell by -7.03 % and company lost market share, to approximately 0.32 %.




<<  More on NUAN Market Share.
 
*Market share is calculated based on total revenue.





Who are Nuance Communications Inc 's Competitors?




Adobe Inc
Share Performance



+32.70%
One Year



Adobe Inc
Profile

Adobe Inc's business model revolves around providing software and services for digital media creation, marketing, and document management. Their products include popular applications like Photoshop, Illustrator, and Acrobat, which are used by professionals and individuals alike. Additionally, Adobe offers cloud-based solutions, such as Creative Cloud and Document Cloud, allowing users to access their tools and collaborate seamlessly across multiple devices. The company generates revenue through licensing subscription-based software, as well as through enterprise solutions, advertising, and document services.

More about Adobe Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 229,427.006 mill. $ 19,936.000 mill. $ 4,801.000 mill.


Advanced Voice Recognition Systems Inc
Share Performance



0.00%
One Year



Advanced Voice Recognition Systems Inc
Profile

Advanced Voice Recognition Systems Inc operates by developing and commercializing advanced voice recognition technology for various applications, such as automotive and consumer electronics. They generate revenue by licensing their technology to businesses and incorporating it into their products, creating partnerships, and providing ongoing technical support and services.

More about Advanced Voice Recognition Systems Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 399.675 mill. $ - mill. $ -0.311 mill.


Cisco Systems Inc
Share Performance



+3.89%
30 Days



Cisco Systems Inc
Profile

Cisco Systems Inc is a multinational corporation that specializes in designing, manufacturing, and selling networking and communication technology equipment and services to businesses and organizations worldwide.

More about Cisco Systems Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 203,364.890 mill. $ 57,233.000 mill. $ 13,442.000 mill.


E trade Financial Corporation
Share Performance



0.00%
This Quarter



E trade Financial Corporation
Profile

EnTRADE Financial Corporation operates as an online brokerage firm, providing a platform for individual investors to trade stocks, bonds, options, and other financial products. The company generates revenue primarily through commission fees on trades, interest income from lending activities, and fees for additional services such as portfolio management and advisory services.

More about E trade Financial Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 10,920.597 mill. $ 2,869.000 mill. $ 823.000 mill.


Alphabet Inc
Share Performance



+10.77%
30 Days



Alphabet Inc
Profile

Alphabet Inc's business model is focused on the development and monetization of internet-based products and services. They generate revenue primarily through advertising, technology sales, and licensing fees. Their diverse portfolio of offerings spans technology, search engines, online advertising platforms, cloud computing services, and various other digital initiatives.

More about Alphabet Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 1,936,864.284 mill. $ 307,394.000 mill. $ 73,795.000 mill.


Liveperson Inc
Share Performance



-68.00%
This Quarter



Liveperson Inc
Profile

Liveperson Inc is a technology company that provides cloud-based messaging and AI-powered chatbot solutions for businesses to engage with their customers in real-time, increase sales, and enhance customer support. They monetize their services through subscription fees and usage-based pricing models, catering to enterprises of various sizes across industries.

More about Liveperson Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 81.603 mill. $ 401.983 mill. $ -4.163 mill.


3m Company
Share Performance



-3.75%
This Year



3m Company
Profile

3M Company is a diversified technology company that operates through various business segments. It focuses on innovation and develops a wide range of products across industries such as healthcare, transportation, consumer goods, and electronics. Its business model involves creating innovative solutions, leveraging its vast portfolio of patents, and maintaining strong relationships with customers and suppliers.

More about 3m Company's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 58,640.586 mill. $ 32,681.000 mill. $ -6,979.000 mill.


Hello Group Inc
Share Performance



-27.14%
One Year



Hello Group Inc
Profile

is a Cayman Islands holding company with no equity ownership in its consolidated affiliated entities

More about Hello Group Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 2,476.776 mill. $ 2,287.248 mill. $ -459.107 mill.


Qumu Corporation
Share Performance



-4.38%
This Quarter



Qumu Corporation
Profile

Qumu Corporation operates with a business model focused on providing enterprise video solutions for organizations.

More about Qumu Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 16.307 mill. $ 21.452 mill. $ -12.478 mill.


Sonic Foundry Inc
Share Performance



-88.19%
30 Days



Sonic Foundry Inc
Profile

Sonic Foundry Inc operates as a provider of video and web collaboration solutions. Their business model involves offering software and services that enable organizations to create, manage, and distribute multimedia content for educational, corporate, and government sectors.

More about Sonic Foundry Inc's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 0.102 mill. $ 21.854 mill. $ -19.348 mill.



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