Product Type: Market Research Report
Published by: Frost & Sullivan
Published: December 2005
Product Code: R1-4428Description 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. Table of Contents 1. Executive Summary
1. Market Overview
1. Introduction
2. Competitive Analysis
2. Research Analysis
1. Opportunities and Forecasts
2. Conclusions 2. Global Voice Verification Biometrics Market
1. Detailed Market Overview
1. Introduction
2. Market Engineering Analysis
3. Market Drivers
a. Increased Uptake by Financial Institutions is Driving Adoption
b. Integration of Voice Biometric Products with Speech Recognition is Spurring Growth
c. Ease of Implementation is Encouraging Adoption of Voice Biometrics.
d. Established Cost Efficiencies Using Voice Biometrics is Spurring Growth in Corporate Enterprises
e. Increased Levels of Customer Service is Stimulating Adoption
f. Low Initial Investment Costs Is Stimulating Demand for Voice Verification Technologies
g. Flexibility of Voice Biometrics is Encouraging Uptake
h. Voice Verification Cell Phone Solutions Enticing Uptake
4. Market Restraints
a. Lack of Awareness is Impeding Growth
b. Confusion of Voice Biometrics with Speech Recognition Curtailing Sales Revenues
5. Industry Challenges
6. Industry Standards
2. Forecasts and Trends
1. Market Forecasts
2. Market Trends
3. Technology Trends
3. Competitive and Distribution Channel Analysis
1. Competitive Analysis
2. Competitive Industry Segmentation
3. Distribution Channel Analysis
4. Global Market Participants
1. Market Analysis of Global Key Industry Participants
2. Nuance Communications
3. Scansoft
4. Persay
5. Diaphonics
5. Products Overview
1. Products Offered by Key Influencers 3. Market Segment Analyses
1. Application Market Analysis
1. Market Overview
2. Physical Access Control/Time & Attendance
3. PC/Network Security
4. Government and Law Enforcement
5. Transactional Authentication
6. Wireless Device Security
2. Vertical Market Analysis
1. Market Overview
2. Government
3. Financial
4. Healthcare
5. Travel and Transportation
6. Telecommunications
7. Other Verticals
3. Geographic Region Analysis
1. Market Overview and Trends
2. North America
3. Europe Middle East and Africa
4. Asia Pacific
5. Latin America 4. Appendix
1. Decision Support Database
1. Installed Base of Mobile Devices
2. Installed Base of PC
3. Incoming International Telecom Voice Traffic
4. Outgoing International Telecom Voice Traffic
List Of Figures
Chapter 1
- Total Voice Verification Biometrics Market: Revenue Forecasts (World), 2001-2011
- Total Voice Verification Biometrics Market: Percent of Revenues by Vertical (World), 2001-2011
- Total Voice Verification Biometrics Market: Percent of Revenues by Application (World), 2001-2011
- Total Voice Verification Biometrics Market: Percent of Revenues by Geographic Region (World), 2001-2011
Chapter 2
- Total Voice Verification Biometrics Market: Market Drivers Ranked in Order of Impact (World), 2005-2011
- Total Voice Verification Biometrics Market: Market Restraints Ranked in Order of Impact (World), 2005-2011
- Total Voice Verification Biometrics Market: Impact of Top Industry Challenges (World), 2005-2011
- Total Voice Verification Biometrics Market: Revenue Forecasts (World), 2001-2011
- Total Voice Verification Biometrics Market: Competitive Structure (World), 2004
- Total Voice Verification Biometrics Market: Company Market Share by Revenues (World), 2004
Chapter 3
- Total Voice Verification Biometrics Market: Percent of Revenues by Application (World), 2001-2011
- Total Voice Verification Biometrics Market: Revenue Forecasts for Physical Access Control/ Time and Attendance (World), 2001-2011
- Total Voice Verification Biometrics Market: Revenue Forecasts for PC/Network Security (World), 2001-2011
- Total Voice Verification Biometrics Market: Revenue Forecasts for Government and Law Enforcement (World), 2001-2011
- Total Voice Verification Biometrics Market: Revenue Forecasts for Transactional Authentication (World), 2001-2011
- Total Voice Verification Biometrics Market: Revenue Forecasts for Wireless (World), 2001-2011
- Total Voice Verification Biometrics Market: Percent of Revenues by Vertical (World), 2001-2011
- Total Voice Verification Biometrics Market: Revenue Forecasts for the Government Vertical (World), 2001-2011
- Total Voice Verification Biometrics Market: Revenue Forecasts for the Financial Vertical (World), 2001-2011
- Total Voice Verification Biometrics Market: Revenue Forecasts for the Healthcare Vertical (World), 2003-2011
- Total Voice Verification Biometrics Market: Revenue Forecasts for the Travel and Transportation Vertical (World), 2001-2011
- Total Voice Verification Biometrics Market: Revenue Forecasts for the Telecommunications Vertical (World), 2001-2011
- Total Voice Verification Biometrics Market: Revenue Forecasts for Other Verticals (World), 2001-2011
- Total Voice Verification Biometrics Market: Percent of Revenues by Geographic Region (World), 2001-2011
- Total Voice Verification Biometrics Market: Revenue Forecasts (North America), 2001-2011
- Total Voice Verification Biometrics Market: Revenue Forecasts (EMEA), 2001-2011
- Total Voice Verification Biometrics Market: Revenue Forecasts (APAC), 2001-2011
- Total Voice Verification Biometrics Market: Revenue Forecasts (Latin America), 2002-2011
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