The Incredible Growth of Voice Biometrics Industry 2021

 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.

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Voice biometrics is a user verification technology that identifies unique voice patterns through speaker’s real-time conversations or voiceprints captured through various physical and behavioral factors, such as tone, pronunciation, speed of speech, emphasis patterns, and accent of the speakers. Voice biometrics helps to prevent unauthorized access to IT resources and other various security-sensitive areas. The technology is being used in multiple application areas, such as access control and authentication, fraud detection and prevention, forensic voice analysis, and criminal investigation. It can be used to authenticate high-risk sessions, including remote login, unusual transactions, and password changes, in a way that is transparent and friction-free for the end-users.

The voice biometrics technology recognizes a person without any physical contact through the help of the system. This is done by comparing the recorded voice of the person with previously stored data in the system of the same person. Various voice recorders are utilized for this purpose. Biometrics technology supports to recognize and validate the identity of an individual through physiological or behavioral uniqueness.

The Voice biometrics market is anticipated to grow owing to driving factors such as rising threat to security, high demand from internet-based business such as online banking, huge demand for high-level security in the financial sector and increasing public awareness among various sectors, such as the entertainment industry, social networking, cloud computing and building security. However, high cost and privacy concerns are some of the restraints which are expected to hamper the market growth.