Speech recognition technology is moving into more parts of our lives. In this video, tech and telecom analyst Andrew Tonner highlights various opportunities for Nuance Communications (NASDAQ: NUAN ) . You may be already familiar with Siri from Apple. Other tech companies -- as well as car manufacturers -- are also incorporating speech recognition technology. A less-known but big market is health care and the transcription of medical records. These opportunities have analysts projecting 15% growth rates for Nuance.
Speech recognition is yet another nascent technology set to explode with the rise of tablets and smartphones, and no company is better poised to benefit from this coming boom than Nuance Communications. However, this growth story doesn't come without risks, too. The Motley Fool recently published a premium research report to break down what investors interested in Nuance absolutely have to understand before investing, so click here now to grab your copy today.