TMCnet News
Research and Markets: Global Automatic Speech Recognition Market to Grow at a CAGR of 16.28% Over the Period 2013-2018DUBLIN --(Business Wire)-- Research and Markets (http://www.researchandmarkets.com/research/bhwfc9/global_automatic) has announced the addition of the "Global Automatic Speech Recognition Market 2014 Report" to their offering. One of the major drivers in this market is the increasing demand for speech-based biometrics for identification purposes. The Biometrics segment is witnessing high demand for speech recognition applications because of the growing instances of fraud. Hence, the vendors in this segment are developing cost-effective and easy-to-deploy ASR applications that help in fraud management. One of the major trends being witnessed in the market is the increasing usage of voice passwords. Normal passwords are easy to remember and crack, thereby increasing security threats. Therefore, organizations are increasingly adopting biometric passwords in which symbols are relaced by the voice of the person. The voice of the person becomes the password and provides identification and authentication. In addition, voice passwords cannot be replicated and will help companies improve customer service by enabling them to support the enrollment and authentication of clients. ASR applications are basically used for customized user authentication when multiple end-users are present or multiple people use the same product such as for secure interactions on mobile phones and electronic devices in vehicles and homes. The lack of accuracy in speech recognition systems could pose a challenge to the growth of the market. Key Topics Covered
Companies Mentioned - AT&T - Dolby Fusion Speech - LumenVox - Microsoft Tellme (News - Alert) - Nuance Communications - Raytheon BBN Technologies - Sensory - Telisma S.A/On Mobile Global For more information visit http://www.researchandmarkets.com/research/bhwfc9/global_automatic About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. |
