RSS

New Report: Voice Verification Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2012 – 2018 Now at Transparency Market Research

09 Aug

Voice Verification Market

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.

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.

About us:-

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. Our business offerings represent the latest and the most reliable information which is indispensable for businesses to sustain their competitive edge.

Contact us:-

CORPORATE OFFICE:
State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States

Tel: +1-518-618-1030
Email: sales@transparencymarketresearch.com

Business Research Firm Blog @: http://market-research-firm.blogspot.com/

Advertisements
 
 

Tags:

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s