Research Overview
Rising Security Concerns Propel Growth of Voice Verification Biometrics Markets Globally
Post 9/11 threats such as identity thefts have forced various sectors to look for reliable
surveillance solutions, an outcome that is phenomenally driving the global security market. In this
scenario, the high level of automation of processes has led to the deployment of the voice
verification biometrics technology, which demands minimum infrastructure. Biometrics has
successfully penetrated into diverse areas such as telecommunications, business, corporate world,
commercial enterprises, financial sectors, border control, public domains, IT, travel and
transportation, and healthcare among others.
The Frost & Sullivan research service examines the world voice verification biometrics
markets and studies the technology acceptance levels and the related penetration factors. The study
also discusses the prevailing market trends across various geographic areas, verticals, applications
and gives strategic recommendations to overcome the restraints and challenges faced by the concerned
industries.
Higher ROI and Flawless Integration Act as Incentives for Adoption of Biometric Voice
Verification Solutions
Installation of this technology has helped end users achieve a higher return on investment (ROI),
a factor driving the voice verification biometrics markets. Rising ROI coupled with the seamless
integration of this technology with speech recognition tools is immensely benefiting the end users.
This progress finds extra support from the approaching saturation of ordinary mobile devices, while
biometrics enabled hand held systems are in vogue.
"Voice verification is ideal for remote access verification and a continuous need for secure
and reliable authentication makes this technology a highly viable alternative," says the
analyst of this research service. "It is finding a great degree of acceptance in financial
sectors, banking and credit unions, and in areas where passwords are replaced frequently."
Ability to Function as a Multi-mode Technology Paves Way for Wider Acceptance
Currently, there is a high degree of competition in the North American and Europe, Middle East,
and Africa (EMEA) regions while Asia Pacific maintains a considerable market share.
"Participants are keen on blending biometrics with other well-accepted and vastly positioned
technologies such as speech recognition and speaker identification -- that have already penetrated
the markets -- to ensure that the whole package is more effective in terms of verification and
authentication," says the analyst.
Overall, as both private and public sectors have adopted the voice verification biometrics
technology as part of their front-end measures and are heavily investing in it, its popularity as a
multi-mode solution is fast growing. Its efficiency in creating a sound barrier between the database
and the unauthorized access, while simultaneously allowing remote access through Internet, and
telephony is a huge plus point in favor of this technological solution.
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Benefits of this Service
Studies the Acceptance Level of the Technology
This research service studies the enormous media exposure and attention that has been driving the
market. It attempts to understand the impact this technology has had after its deployment in
applications within the financial institutions and banking sectors.
Looks into the Access Levels over Internet and Telephony
The study focuses on the chief concern of the market participants, which is reduction in the
fraudulent transactions. It looks into the success rate of voice biometrics as part of the measures
adopted by some of the top financial sectors to control this loss.
Studies the Penetration Achieved by Market Participants
The technology penetration level by the participants and the acceptance rate are discussed. A
region wise analysis of the market scenario is provided.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this
research:
By Application:
- Physical access control/time and attendance
- Personal computer (PC)/network security
- Government and law enforcement
- Transactional authentication
- Wireless
Technologies
The following technology is covered in this research:
- Voice/Speaker Verification Technology: It is a technology that offers high security suitable for
remote access authentication and security verification. It mainly uses voice as the tool for the
verification process.
Whats Included
- Developments in speaker verification technologies
- Market sizing across different regions, verticals, applications
- Markets concentrating in the voice verification biometrics
- Innovative strategies and recommendations required for curbing the market restraints
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