Global Voice Recognition Biometrics Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The Report Announces the Publication of its Research Report – Global Voice Recognition Biometrics Market 2017-2021
The Report recognizes the following companies as the key players in the global voice recognition biometrics market: AGNITIO, Nuance Communications, VoiceTrust, and VoiceVault.
Other Prominent Vendors in the market are: Auraya Systems, M2SYS Technology, OneVault, VoiceIt Technologies, SayPay Technologies, Sensiple, Sensory, SpeechPro, SPITCH, VoicePIN.com, Uniphore, ValidSoft, and Voice Biometrics Group (VBG).
Commenting on Global Voice Recognition Biometrics Market, an analyst team said: “The latest trend gaining momentum in the market is introduction of voice recognition biometrics in automotive sector. Voice recognition biometrics is gaining traction in the automotive industry as it is convenient and affordable. Advances in technology have led to a rise in the adoption of connected cars equipped with the Internet and wireless services that connect the automobile remotely. They also help with navigation, infotainment, telematics, roadside assistance, video transmission, tracking stolen vehicles, and making automated calls during emergencies.”
The Report analysts forecast the global voice recognition biometrics market to grow at a CAGR of 19.36% during the period 2017-2021.
Global Voice Recognition Biometrics Market of 75 pages having tables and figures is available for purchase at
According to Global Voice Recognition Biometrics Market, one of the major drivers for this market is rising prominence of voice recognition biometrics in BFSI sector. The BFSI sector is increasingly focusing on providing the highest level of security to customers without compromising on convenience. The payments and card industry (PCI) has been digitally transformed with the changing consumer preferences and introduction of new payment methods such as PIN cards, mobile wallets, and EMV chips. With advances in technology, the number of fraud and forgeries are also increasing, highlighting the need for a solution that is difficult to duplicate.
Further, Global Voice Recognition Biometrics Market states that one of the major factors hindering the growth of this market is lack of accuracy. Voice recognition biometrics as a substitute for personal identification numbers(PINs) and passwords acts as a passcode for end-users to access different information. Variability in the voice of an end-user can prevent him/her from gaining access to his/her own secure information. There is a possibility that voiceprints may have accuracy issues due to change in voice intonations, throat problems, and aging. Environmental factors and background noise can also lead to voice distortion, which can result in an inaccurate match in the database.
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Table of Contents in Global Voice Recognition Biometrics Market Research Report
PART 04: Introduction
Key market highlights
Advantages and disadvantages of voice recognition biometrics
PART 05: Workflow of voice recognition biometrics
Workflow of voice recognition biometrics
Security vulnerability by authentication methods
PART 06: Applications of voice recognition biometrics
PART 07: Security issues with voice recognition biometrics
Security risks with voice recognition biometrics
Mitigating voice recognition biometrics risks
PART 08: Global Voice Recognition Biometrics Market developments
Emergence of cloud biometrics
Increasing use of NFC-based payments using voice recognition biometrics
PART 09: Global Voice Recognition Biometrics Market landscape
Share of voice recognition biometrics in global biometrics market
Global voice recognition biometrics market
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Global Voice Recognition Biometrics Market 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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