Fast Market Research announces the availability of the new TechNavio report, "Global Voice Recognition Biometrics Market 2015-2019", on their comprehensive research portal
Boston, MA -- (SBWIRE) -- 08/20/2015 -- Biometrics helps identify individuals based on their physical or behavioral features. It involves verification and identification of physiological traits through fingerprints, face recognition, DNA, palm vein prints, hand geometry, and iris recognition, and of behavioral traits through keystroke patterns and speech pattern/voice recognition. Biometrics technologies are considered more reliable compared to physical devices and numeric codes, as biometric traits are not prone to any change. Biometrics performs verification and identification processes to authenticate an individual.
In a verification process, a one-to-one matching method is used to verify the biometrics traits of an individual against a particular template in a database, whereas in an identification process, a one-to-many matching method is used wherein the biometrics traits of an individual is matched against all templates in the database to determine an individual's identity.
Get More Details on this Report and a Full Table of Contents at Global Voice Recognition Biometrics Market 2015-2019
In voice biometrics an individual's voice is digitized, which is matched against a stored voiceprint template. Acoustic features of an individual's voice such as pitch, cadence, and tone are compared to differentiate between different individuals. Voice verification systems require minimal hardware installation as many PCs already have a microphone. Also, unlike other biometric technologies, voice biometrics authenticates individuals in remote locations for various transactions.
Voice recognition systems can work in two different ways:
- Text dependent: Any texts such as name, birth city, and favorite color, or a sequence of numbers is compared with a sample captured during the voice enrolment process
- Text independent: These systems analyze various features of speech such as pitch, cadence, and tone
Technavio's analysts forecast the global voice recognition biometrics market to grow at a CAGR of 22.15% during 2014-2019.
Commenting on the report, an analyst from Technavio's team said: "VISA is expected to use the voice authentication process to allow its customers reset their passwords through an automated system. The technology will be used to verify online purchases, wherein customers must speak into a microphone to authenticate their transactions. This would provide an added layer of security for online transactions made through credit cards."
According to the report, mobile devices such as smartphones, laptops, and tablets can be lost or stolen. Most of these devices can be secured by a passcode, which can be acquired or disabled. Voice biometrics prevent a mobile device from being used by anyone other than its owner, increasing the convenience for customers.
Further, the report states that rise in error rates will act as a challenge for this market.
The key players in the Global Voice Recognition Biometrics Market are AGNITiO, Nuance Communications, VoicePass Technology, VoiceTrust and VoiceVault while other prominent vendors include M2SYS Technology, OneVault, SpeechPro, Uniphore, ValidSoft and Voice Security Systems
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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