Nuance Communications Inc (NUAN) |
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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 |
*Market share is calculated based on total revenue.
Who are Nuance Communications Inc 's Competitors?
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Adobe Inc
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Advanced Voice Recognition Systems Inc Share Performance
0.00%
One Year
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Advanced Voice Recognition Systems Inc
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Cisco Systems Inc
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E trade Financial Corporation Share Performance
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Alphabet Inc
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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.
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Liveperson Inc Share Performance
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Liveperson Inc
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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.
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3m Company Share Performance
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This Year
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3m Company
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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.
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Hello Group Inc Share Performance
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Hello Group Inc
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Qumu Corporation Share Performance
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Qumu Corporation
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Sonic Foundry Inc Share Performance
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30 Days
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Sonic Foundry Inc
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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.
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