Shlomi Lavi /
Jun 27, 2022
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Bottom Line: Which is Better - Speechmatics or Speech?
Speech is more expensive to implement (TCO) than Speechmatics, and Speechmatics is rated higher (87/100) than Speech (74/100).
Looking for the right Speech Therapy solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:
Speechmatics Vs. LumenVox
Speechmatics: The Speechmatics engine enables companies to build innovative applications through mission-critical, accurate speech recognition technology. Using machine learning to transcribe voice in any context, Speechmatics ASR technology can be used at scale and wherever your business needs it.
LumenVox: LumenVox speech technology solutions are utilized across the globe and in a wide variety of industries, such as healthcare, automotive, financial services, hospitality, logistics and telecom.
Who is more expensive? Speechmatics or Speech Recognition Engine?
The real total cost of ownership (TCO) of Speech Therapy software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for Speechmatics and Speech Recognition Engine.
Speechmatics price starts at $2.75 per hour , On a scale between 1 to 10 Speechmatics is rated 4, which is lower than the average cost of Speech Therapy software. Speech Recognition Engine price starts at $3,499 per license , When comparing Speech Recognition Engine to its competitors, the software is rated 4 - lower than the average Speech Therapy software cost.
Bottom line: Speechmatics cost is around the same cost of Speech Recognition Engine.
Which software includes more/better features?
We've compared Speechmatics Vs. Speech based on some of the most important and required Speech Therapy features.
Speechmatics: We are still working to collect the list of features for Speechmatics.
Speech Recognition Engine: We are still working to collect the list of features for Speech Recognition Engine.
Target customer size
Speechmatics's typical customers include: Small, medium and large size businesses, and Speech Recognition Engine's target customer size include: Small, medium and large size businesses.