Voice Biometrics Market: An Insight On the Important Factors and Trends Influencing the Market

Voice Biometrics Market: An Insight On the Important Factors and Trends Influencing the Market

The global voice biometrics market is gaining momentum on the back of rising need for foolproof security methods for technology-driven systems and devices to prevent loss of critical data. With username and password proving to be insufficient on account of the risk of being hacked and cracked, biometrics identification is so far the safest for fraud prevention.

As per study presented by experienced researchers, the worldwide market for voice biometrics is appropriately segmented according to deployment, end-user, component, and geography. The cloud based deployment model is likely to surge due to increasing shift to cloud-based services.The analysts of tis report have presented a comprehensive assessment of the global voice biometrics market, taking into consideration demand drivers and restraints, opportunities, competitive scenarios, and other important aspects.

The global voice biometrics market is prophesied to attract growth owing to various advancements in hardware and software. The proliferation of smartphones, tablets and wearable technology has led to the demand for advanced foolproof secure solutions, thus ramping up demand for biometric solution.

The build-up of Internet of Things environment, wherein user’s privacy and security needs to be safeguarded is driving the adoption of biometric solutions. Mobile phone and landline, radio network, virtual private network, microphone, and voice over IP network are some of the communication networks that can be used for biometrics technology.

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Biometric used as credentials can’t be altered, as the underlying system employs accurate algorithms for authentication process. This is leading to the growing adoption of biometric authentication in e-commerce, banking and healthcare, and government sector among others.

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.