• Home
  • Speech Technology
    • Subscribe
    • Digital Edition Archive
    • Speech Industry Awards
    • Editorial Calendar
  • Web Events
  • White Papers
  • Guides
    • Buyers Guide
    • Vertical Markets
    • European Markets
  • Conferences
    • SpeechTEK NY
    • SpeechTEK Europe
  • eWeekly
  • Advertise
    • Media Kit
You are here: Home / 2009 / June / 11 / IVR to IVMake $2.7 Billion, Says DMG
Eric B.

IVR to IVMake $2.7 Billion, Says DMG

By Eric B. on June 11, 2009

I wish I had so much money that I needed a tractor to push it around a doorless vault with 4ft deep walls.Congratulations to all of you Speech Heads out there in the IVR space!

According to DMG Consulting, the next two years are going to be sweetbacked, money-raking years. The whole kit and caboodle is going to be worth 2.7 billion clams by 2011.

In a press release, the consulting firm said that the recession has actually sped up the pace of IVR adoption and “infused momentum into the hosted/managed service” market-the latter being a trend that we’ve all been noticing around the office since back in January. In this shameless display of horn-tooting, I’ll refer all you IVR-cats to my feature that predicted as much (though truth be told it was a kind obvious call).

DMG says that IVRs are also flying off the customized shelves on the strength of new applications, rapid deployment, and recent innovations. It projects a four-year CAGR of 13.4 percent for hosted/managed-inbound IVR and 18.7 percent for the outbound IVR segment (great, more robocalls). Sales of premise-based IVRs are expected to decline as hosted and the overall market rise, perhaps a symptom of atrophied cash reserves and more trust in providers.

The consulting firm also notes that organizations of “all types”—-big ‘uns, small ‘uns, governments, higher ed., non-profits, and a dozen such entities of similar stripe that poo-poo’d hosted/managed service IVR yesterday are not only reconsidering today, but BUYING.

So to you future billionaires out there in IVRs, I ask the following: if in some smoky drawing room any of you should engage in some weird bet amongst yourselves about nature v. nurture and decide to put your conflicting ideas to the test by pulling some roustabout scamp off the street, furnishing him with millions of dollars, a mansion, butlers, and scores of elegant dinner dates with beautiful heiresses, please consider me your roustaboutish scamp.

Related Posts

None

Tagged DMG, IVR, Reports & Studies
← Previous Next →

Search

RSS Speech Technology Magazine

  • Nuance Dragon Now Available for U.S. Cellular Customers
  • Microsoft Launches Kinect for Windows
  • LumenVox Now Hosts Applications
  • GM Voices Introduces New Business Conference Video and Event Promotion Services
  • West Interactive Releases Upgrade to Holly Voice Platform
  • Genesys Sets a New Course

Recent Posts

  • “Hello, Room Service? Can I Order a Monte Cristo Sandwich and a Side Order of Acoustical Foam...?"
  • Nintendo Launches Speech Recognition Trials
  • Siri's a Hit on CBS's Hit Show
  • Here Comes Evi, Siri's Little Sister
  • Is Apple Entering The Smart Pen Market?

Other Publications

  • CRM Magazine
  • Streaming Media
  • KMWorld
  • OnlineVideo.net
  • Database Trends & Applications

Calendar

June 2009
MonTueWedThuFriSatSun
« May Jul »
1234567
891011121314
15161718192021
22232425262728
2930 
  • Books
  • Periodicals
  • Conferences
  • E-Newsletters
  • Information Services
  • Advertising

Copyright © 2012 Information Today, Inc., All rights reserved.

About Us/Contacts | Privacy Policy