TrendInvestment in voice verification biometrics
As voice recognition biometrics becomes more popular — one advantage it has is remote recognition — investments in it grow
Investment in voice verification biometrics grows as investors see increasing returns on investment (ROI) and effective transactional authentication. As use of these systems increases, vendors must establish a clear demarcation between speech recognition and speech verification products and thus provide greater clarity in the market. These and other findings are part of a new analysis from Frost & Sullivan, which also reveals that revenues in these markets totaled $31.6 million in 2004, and projected to reach $533.7 million in 2011. Increasing acceptance of voice verification biometric technologies for remote authentication applications is widening deployment,” says F&S Sapna Capoor.
Voice verification biometrics will have a catalytic effect on the compound annual growth rate (CAGR), growing at 50 percent during 2004-11. The growth is especially impressive since voice verification vendors are facing competition from alternative biometric technology vendors such as non-AFIS fingerprint, face, and iris recognition. Because of this competition, it behooves voice verification vendors to educate prospective end-users about the benefits of voice verification biometrics.
-read more at F7S Web site
