Transparency Market Research

Voice Verification Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2012 - 2018

Transparency Market Research Report Add "Voice Verification Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2012 - 2018" to its database.

 
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Albany, NY -- (SBWIRE) -- 12/03/2013 -- Voice verification technology enables identification of an individual on the basis of voice biometrics. Its works in the same manner as blood DNA and fingerprint matching enables identification of individual. Its main application is in verification of financial transactions to guard against frauds. By assigning proper combination of voice biometrics, consumers can use their own unique voice to authorize transactions, signing and protecting personal data thus reducing risk of fraud and identity theft by making highly secure environment.

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The market is in it nascent stage of development due to lack of awareness among end-user industries and regulatory bodies. However, the market is expected to grow with healthy growth rate due to increased adoption in financial institutions & corporate Enterprises, using voice biometric products in combination with speech recognition.

The other drivers for this market includes increasing popularity of voice verification in cell phone solutions, no dependency on infrastructure enabling easy implementation, and low initial investments. However, factors posing challenge on the growth of this market are lack of awareness and confusion created between Voice Biometrics and Speech Recognition.

Major application of voice verification is in verticals such as financial services, healthcare, telecommunications, and government. Major application market reviewed include transactional authentication and verification systems, wireless security device, PC/network security, physical access control and in government and law enforcement department.

Some of the major challenges faced by the industry are the need for highly accurate solutions thus leading to uncertainties in technological adoption. Some of the market players include Persay, Scansoft, Diaphonics and others.

This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include

North America
Asia Pacific
Europe
Rest of the World

This report provides comprehensive analysis of

Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

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Reasons for Buying this Report

- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a technological growth map over time to understand the industry growth rate
- It provides a seven-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments

About Transparency Market Research (TMR)
Transparency Market Research (TMR) is a market intelligence company providing global business research reports and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers.

TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources along with various tools and techniques to gather and analyze information.

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Our data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Our Approach

Our research reports cover global markets, present analysis and forecast for a period of five years.

The market structure and forecasts are developed on the basis of secondary research and are cross-validated through primaries conducted with industry players and key opinion leaders (KOLs).

Respondents are led through a questionnaire to gather quantitative and qualitative inputs on their operations, performance, strategies and views on the overall market, including key developments and technology trends.

Data from interviews are then consolidated, checked for consistency and accuracy, and inserted into the Transparency Market Research data model to arrive at the market numbers following the bottom–up approach.

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