Seattle, WA -- (SBWire) -- 11/20/2019 --Voice biometrics is utilized for voice recognition through analysis of an individuals pitch, speech, voice and tone. In terms of security, it has a great advantage over passwords, as a password can be easily tracked or hacked; voice of an individual is as distinctive and unique as a fingerprint. In voice biometrics, a voice is recognized in two patterns, namely text-dependent and text-independent. Gaining popularity among various sectors such as the entertainment industry, cloud computing, social networking, and building security is one of the major factors responsible to drive the growth of the voice biometrics market. Furthermore, huge demand for high-level security in the financial sector and increasing public awareness are also expected to provide growth to the market. A major factor restricting the growth of the market are issues related to privacy and high cost.
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Voice biometric solutions are increasingly gaining traction due to the desired level of security that they offer. From phone systems to mobile application, voice biometric solutions are deployed as they offer secure authentication by means of simple and spoken passphrase. Speech, pitch, voice, and range of an individual are utilized as voice recognition parameters.
Voice biometrics offers a high degree of accuracy and is the only technology that does not require additional dedicated hardware such as iris-scanning equipment or fingerprint sensor, apart from microphone. Voice biometric can be used in noisy environments as well as because it offers a high degree of accuracy and spoof enabled authentication owing to technical advances in processing power and microphones.
Further, in a bid to ascertain high accuracy, voice biometrics compares speakers' voice recognition parameters under specific lexical context. Of all biometric solutions, voice biometrics is the least intrusive. It can be used with text-independent free speech or text-dependent passphrase, which validates user's authenticity.
The major players profiled in this report include:
Nuance Communications, VoiceVault, M2SYS Technology, Voice Security Systems, VoiceIt, Microsoft Speech, Google Voice, Voice Biometrics Group, iFlytek, Baidu, NEC, AGNITiO, VoiceTrust, Intelligent Voice Limited, OneVault, ValidSoft
The Competitive Spectrum
The Market report compile the competitive territory of this business place, that crucially includes the leading companies in the Market. Here the comprehensive information about the sales quantity and the market size collected from each of the company, in addition to the gross margin of every player. A basic overview of the companies, along with its key rivals and its manufacturing foundation has been given. The report besiege, in micro-level detailing, information regarding the products produced by each and every company of the Voice Biometrics industry, product specifications, application scope and also the price patterns. Technological Developments of Voice Biometrics Market has also added incredible growth to the market.
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Future Growth of Voice Biometrics Market by New Business Developments and Innovations