Rising Security Concerns Propel Growth of Voice Verification Biometrics Markets Globally

Post 9/11 threats such as identity thefts have forced various sectors to look for reliable surveillance solutions, an outcome that is phenomenally driving the global security market. In this scenario, the high level of automation of processes has led to the deployment of the voice verification biometrics technology, which demands minimum infrastructure. Biometrics has successfully penetrated into diverse areas such as telecommunications, business, corporate world, commercial enterprises, financial sectors, border control, public domains, IT, travel and transportation, and healthcare among others.

The Frost & Sullivan research service examines the world voice verification biometrics markets and studies the technology acceptance levels and the related penetration factors. The study also discusses the prevailing market trends across various geographic areas, verticals, applications and gives strategic recommendations to overcome the restraints and challenges faced by the concerned industries.

Higher ROI and Flawless Integration Act as Incentives for Adoption of Biometric Voice Verification Solutions

Installation of this technology has helped end users achieve a higher return on investment (ROI), a factor driving the voice verification biometrics markets. Rising ROI coupled with the seamless integration of this technology with speech recognition tools is immensely benefiting the end users. This progress finds extra support from the approaching saturation of ordinary mobile devices, while biometrics enabled hand held systems are in vogue.

"Voice verification is ideal for remote access verification and a continuous need for secure and reliable authentication makes this technology a highly viable alternative," says the analyst of this research service. "It is finding a great degree of acceptance in financial sectors, banking and credit unions, and in areas where passwords are replaced frequently."

Ability to Function as a Multi-mode Technology Paves Way for Wider Acceptance

Currently, there is a high degree of competition in the North American and Europe, Middle East, and Africa (EMEA) regions while Asia Pacific maintains a considerable market share. "Participants are keen on blending biometrics with other well-accepted and vastly positioned technologies such as speech recognition and speaker identification - that have already penetrated the markets - to ensure that the whole package is more effective in terms of verification and authentication," says the analyst.

Overall, as both private and public sectors have adopted the voice verification biometrics technology as part of their front-end measures and are heavily investing in it, its popularity as a multi-mode solution is fast growing. Its efficiency in creating a sound barrier between the database and the unauthorized access, while simultaneously allowing remote access through Internet, and telephony is a huge plus point in favor of this technological solution.