Voice Biometrics Market Growth at a CAGR of +22% during Forecast 2019 – 2025 by Leading …

… Voice Biometrics Group, Phonexia, OneVault, SESTAK, LumenVox, LexisNexis Risk Solutions, VoicePIN, Uniphore, Pindrop, Aculab, Auraya.

Voice biometrics works by digitizing a profile of an individual’s discourse to create a putaway model voiceprint or format. The tones all things considered distinguishing the speaker’s novel voiceprint. Voice prints are put away in databases in a way like the putting away of fingerprints or other biometric information. Biometric data are “individual data coming about because of explicit specialized handling identifying with the physical, physiological or conduct attributes of a characteristic individual, which permits or affirms the one of a kind recognizable proof of that normal individual, for example, facial pictures or dactyloscopy data”.

Global report on Voice Biometrics was recently added by Market Research Inc. to its vast database. This research report offers a fundamental overview of the global Voice Biometrics by examining the existing scenario. It provides an outline of the competitive canvas in the Voice Biometrics sector. This analytical report has been compiled using primary and secondary research methodologies.

Voice Biometrics Market anticipated witnessing high Growth by +22% CAGR during the forecast year 2019-2025.

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The Report includes Several Company Profiles of who are market key players: Nuance Communications, NICE, Verint, AimBrain, Voice Biometrics Group, Phonexia, OneVault, SESTAK, LumenVox, LexisNexis Risk Solutions, VoicePIN, Uniphore, Pindrop, Aculab, Auraya

Based on Components, the voice biometrics market has the following segments:

  • Software
  • Services
  • Managed Services
  • Professional Services
  • Consulting
  • Deployment Integration
  • Support and Maintenance
  • Training and Education

Based on Applications, the voice biometrics market has the following segments:

  • Access Control and Authentication
  • Fraud Detection and Prevention
  • Forensic voice analysis and Criminal Investigation
  • Others (Speech Therapy, and Personalized User Experience)

Based on Types, the voice biometrics market has the following segments:

  • Active Voice Biometrics
  • Passive Voice Biometrics

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Global Voice Biometrics Market by region: North America, South America, Asia & Pacific, Europe, MEA (the Middle East and Africa)

Based on Deployment Models, the voice biometrics market has the following segments

  • On-premises
  • Cloud

Based on Organization Sizes, the voice biometrics market has the following segments

  • SMEs
  • Large Enterprises

Based on Industry Verticals, the voice biometrics market has the following segments:

  • BFSI
  • Government and Defense
  • Telecom and IT
  • Healthcare
  • Retail and eCommerce

Key highlights of the global Voice Biometrics systems market for the forecast years 2019-2025:

  • CAGR of the market during the forecast period 2018-2025.
  • Detailed information on factors that will accelerate the growth of the Voice Biometrics systems market during the next five years
  • Precise estimation of the global Voice Biometrics systems market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • Growth of the Voice Biometrics systems industry across the Americas, APAC, and EMEA
  • A thorough analysis of the market’s competitive landscape and detailed information on several vendors
  • Comprehensive details on the factors that will challenge the growth of Voice Biometrics systems companies

Some of the Major Highlights of TOC covers:

  • Development Trend of Analysis of Voice Biometrics Market
  • Global Voice Biometrics Market Trend Analysis
  • Global Voice Biometrics Market Size (Volume and Value) Forecast 2019-2025

Marketing Channel

  • Direct Marketing
  • Indirect Marketing
  • Voice Biometrics Customers

Market Dynamics

  • Market Trends
  • Opportunities
  • Market Drivers
  • Challenges
  • Influence Factors

Methodology/Research Approach

  • Research Programs/Design
  • Market Size Estimation
  • Market Breakdown and Data Triangulation
  • Data Source

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Progress in Nigeria and high traffic identification top this week’s biometrics and digital ID news

… simple cash grab, but may get worse before it gets better, writes Shape Security CTO Shuman Ghosemajumder in a commentary for Dark Reading.
Progress in Nigeria and high traffic identification top this week’s biometrics and digital ID news

Progress in Nigeria and in airport biometrics systems make up several of the most popular articles on Biometric Update this week, and a few relatively thoughtful examinations of issues related to AI, and facial recognition in particular, are recommended weekend reading for those in and around the industry.

A pair of major announcements concerning Nigeria are among the most widely-read stories on Biometric Update this week, as the country’s engagement with the international identity community bore fruit in impressive fashion. Nigeria has been granted $433 million to extend enrollment in its National Identity Number (NIN) program to nearly 100 million people over the next three years, and on the heels of that announcement the country declared September 16 as National ID Day. Other countries have also chosen to mark the occasion, but the official declaration by Nigeria’s government potentially sets Africa’s most populous country up as a UN country sponsor for the International Identity Day initiative. The country has also recently taken steps to upgrade travel and pension systems with biometrics.

The Biometric Technology Rally results held by DHS S&T had some interesting take-aways, even for those vendors not participating in the test. The results for the high-throughput testing showed variable accuracy rates, particularly on the acquisition system side. The TSA is joining its fellow DHS agency CBP in ramping up its testing of biometric technology, with an evaluation of travel ID biometric verification technology coming to Las Vegas McCarran International Airport. Another widely-read article this week covered the launch of Idemia’s new high-traffic facial recognition system for venues such as airports, MFace Flex.

No technology will be effective if the workflow is wrong, as passengers traveling to and from the UK are finding out when they use the country’s facial recognition eGates.

Streamlytics Founder and CEO, and Kairos investor Angela Benton writes in a opinion piece for Wired that datasets need to be improved with greater diversity and more darker-skinned people, and algorithms audited, to avoid inadvertent exacerbation of inequities. Benton talks about the need for unbiased AI in regard to facial biometrics, but also applies the same concept more broadly.

A blog post by NEC Vice President of Federal Operations Benji Hutchinson reviews points from a panel he recently participated in at the 33rd International Biometrics Association User Conference (formerly AFIS Internet User Conference) about how to bring policy in line with facial recognition’s progress. These include the need to educate the public about the difference between investigation and surveillance applications, to publicize facial recognition’s real-world track record, and embed governance capabilities in the technology.

Microsoft President Brad Smith, who has co-authored a new book called “Tools and Weapons: The Promise and the Peril of the Digital Age,” tells Vox podcast “Recode Decode with Kara Swisher” about the equivalence between the anti-trust conversations that he was involved with shortly after joining Microsoft (and others) and the conversations happening around the world today. He says the facial recognition “issue is changing on almost a monthly basis.”

Further historical context is provided in an examination of facial recognition concerns by Benedict Evans, who argues that some of the concerns people have about the technology are really about databases, and compares current fears to historical ones about database technology. In a thorough and thoughtful review, Evans divides problems related to bad data and other problems more about bad people, and provides a sober assessment of how facial recognition use can and should develop.

Several large Chinese AI companies made announcements at the recent World Artificial Intelligence Conference (WAIC) 2019, including a new Shanghai headquarters for SenseTime and a new facial recognition driver monitoring product from insurance giant Ping An.

Hitachi has launched software to implement finger vein biometrics on any smartphone or laptop, arguing it brings superior technology as “an internal biometric.”

With PSD2 coming into effect on September 14, iovationblogs about the good news for Payment Service Providers (PSPs), which is that authorities can grant additional time to implement the new standards, and the bad news, which is that the extensions are limited to those PSPs that already have a plan to meet them. The European Banking Authority (EBA) has clarified that both traditional and behavioral biometrics can be used for strong customer authentication (SCA). Also on payments, a survey of banks and consumers by Fingerprint Cards has found that 38 percent of consumers see security as a key barrier to using biometric payment cards, and more than half are concerned about fraud, among a few apparent differences of opinion.

Cryptocurrency, meanwhile, could finally take off with the FaceTec facial recognition-powered passwordless security of the ZenGo wallet, executives from each company explained to Biometric Update.

On the negative side of the news, the wave of potential class-action lawsuits related to the informed consent processes, or lack of them, for biometric time and attendance systems continues, and warnings that regulations will increase in other jurisdictions should be heeded by those using or selling such systems.

Worse, several stories of deepfake-based fraud have emerged, which will encourage fears (and posturing) that tech, and AI in particular, is out of control and needs to be reigned in with regulation. While most deepfakes can be detected with biometrics and other technologies, advances in AI mean that may soon not be the case, according to an editorial for insideBigDATA.

The constant threat to personal information, and data in general, that could fuel deepfakes or more conventional cyberthreats is a simple cash grab, but may get worse before it gets better, writes Shape Security CTO Shuman Ghosemajumder in a commentary for Dark Reading.

Government investment in strengthening digital authentication continues at a modest pace, with Canada backing BioConnect to the tune of $3.9 million.

Article Topics

airports | artificial intelligence | BioConnect | biometrics | BIPA | deepfakes | DHS | digital identity | FaceTec | facial recognition | finger vein | Fingerprint Cards | Hitachi | IDEMIA | identity verification | Kairos | Microsoft | NEC | Nigeria | PING AN Tech | SenseTime | United Nations

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Biometrics Market Regional Outlook, by Growth, Emerging Technologies, Competitive Strategies …

The Biometrics Market research is one of the latest additions to the wide-ranging database of the Qurate Business Intelligence. The report offers …

The Biometrics Market research is one of the latest additions to the wide-ranging database of the Qurate Business Intelligence. The report offers granular level research derived through detailed analysis of the worldwide industry which includes study of the key market components such as market size, market dynamics, market segments, market demand, market connectivity, market share, key companies operating in the industry, key contributing countries, recent trends and developments as well. Furthermore, the study focuses on delivering competitive intelligence of reliable nature which enlists thorough examination of the key companies which are believed to have greater influence over industry. Also, the Biometrics Market report includes overview of several dynamics of the industry such as market definition, value chain, untapped opportunities, strengths of the industry, and more.

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Major Players in Biometrics market are:

Suprema

3M Cogent

ZK Technology

Morpho

SecuGen

Cross Match

Precise Biometrics

RCG Holdings

Hitachi

IrisGuard

NEC

Smartmatic

Nuance Communication

HID Global

Fujitsu

The Biometrics Market report enlists segmental study of the global market where it divides the periphery of the industry into segments such as product type, applications of the market, regional market spaces, and more. This enables readers to gather reliable data regarding market segments which has collective impact over global scenarios in long run. Also, each of these segments are further studied in depth on several fronts such as available historic data figures, recent trends, previous performances, expected recitals in approaching times. This might help business concerns to reach quality decisions without being too vague about it.

Most important types of Biometrics products covered in this report are:

Facial Recognition

Fingerprint Recognition

Hand/Palm Recognition

Iris Scanner

Voice Recognition

Vein Scanner

Others

Most widely used downstream fields of Biometrics market covered in this report are:

Banking & Finance

Consumer Electronics

Government

Commercial Security

Residential

Others

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Market Segment by Regions, regional analysis covers : Americas, United States, Canada, Mexico, Brazil, APAC, China, Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France, UK, Italy, Russia, Spain, Middle East & Africa, Egypt, South Africa, Israel, Turkey, GCC Countries.

Moving ahead, to talk about the particulars included in the Biometrics Market research report, it starts with basic introduction of the industry, market definitions, scope of the study, information regarding base years considered, and more. Further it focuses on offering exploratory investigation regarding the business strategies acquired, market connectivity, reported market investments, competing entities, production or service provision practices, competitive landscape, recent deals, mergers, acquisitions, news feed regarding partnerships, agreements (if any), and collaborations as well from global Biometrics Market.

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Reasons to Purchase Biometrics Market Report:

  • Analyzing the outlook of the Biometrics market with the recent trends and SWOT analysis.
  • Market dynamics scenario, along with growth opportunities of the Biometrics market in the years to come.
  • Biometrics Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects.
  • Regional and country level analysis integrating the demand and supply forces that are influencing the growth of Biometrics market.
  • Biometrics Market value (USD Million) and volume (Units Million) data for each segment and sub-segment.
  • Competitive landscape involving the Biometrics market share of major players, along with the new projects and strategies adopted by players in the past 5 year.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major Biometrics market players.

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New Customers and Strategic Partnerships Drive Year-Over-Year Growth for Onfido

Onfido is boasting about a stellar year after posting a 171 percent year-over-year growth in sales for the second quarter. The company credited the …
New Customers and Strategic Partnerships Drive Year-Over-Year Growth for Onfido

Onfido is boasting about a stellar year after posting a 171 percent year-over-year growth in sales for the second quarter. The company credited the strong growth to a number of different factors, including a series of new customers and strategic partners.

“Our core identity verification business is continuing tomeet and exceed the market need for a highly-effective yet low-frictionverification service,” said Onfido Co-Founder and CEO Husayn Kassai. “Equallyimportant is where the market is heading and we continue to be actively engagedwith a range of stakeholders who are defining the future of reusable onlineidentities.”

The new customers that have turned to Onfido for secure identity verification services include the blockchain-based digital identity and payment platform Nuggets and the Civic cryptocurrency wallet. Onfido was also named as the recipient of the 2019 Frost & Sullivan European Technology Innovation Award, and is currently testing a portable identity solution as part of an FCA sandbox program in the UK. The latter is being carried out in conjunction with a slew of FinTech partners, and attests to the company’s position at the forefront of the identity verification industry.

Other Onfido highlights include a partnership with Checkr and the announcement of its international partner program.

September 10, 2019 – by Eric Weiss

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Hitachi to launch finger vein biometrics for any camera

Cryptocurrency wallet ZenGo has integrated FaceTec’s biometrics, an innovative keyless security model for its crypto wallet, while OneLogin has just …
Hitachi to launch finger vein biometrics for any camera

Japanese company Hitachi will showcase its new hand gesture authentication technology in London on September 10, writes Forbes. The biometric technology scans finger vein patterns to authenticate users “simply by raising their hand, […] to their computer,” according to Ravi Ahluwalia, general manager at the Hitachi Security Business Group (EMEA and NA).

Arguing that passwords are the weakest link in an infrastructure and the most common entry point for hackers, Ahluwalia explains “the removal of password entry is key for protecting users and businesses from cyber-attacks,” because users often reuse the same password for multiple accounts. Ahluwalia claims the blood flowing through the finger veins is an extra level of security because it is “an internal biometric,” which is ” significantly more difficult to forge a finger vein pattern compared to other methods.”

The finger vein technology works with any camera with 720p resolution or above on a laptop, webcam, or smartphone, which Forbes argues could mean the end of previous authentication methods such as passwords, fingerprint scanning and facial recognition systems. Finger vein templates are stored with AES-256 encryption and other factors, according to the company.

“If a technical breach of security resulted in the harvesting of the encrypted templates they would be of no use to a bad actor as they would not be able to reverse the encryption,” Ahluwalia says, “even if that was possible, it would result in a data template which would provide no useful information to them and they would still be unable to reverse the process to retrieve the biometric data.”

Hitachi says the technology is in compliance with the ISO/IEC 30107-3 standard for the testing of Presentation Attack Detection. It was already tested in Japan on ATMs from as early as 1997, and it will further be assessed by customers until the end of the year. The software is planned to be available for sale in 2020.

Last month, Hitachi Europe partnered with IT security distributor Alpha Generation Distribution to bring finger vein technology to the UK market.

Paswordless devices are in the cards for the future. Cryptocurrency wallet ZenGo has integrated FaceTec’s biometrics, an innovative keyless security model for its crypto wallet, while OneLogin has just launched passwordless device authentication for Windows PCs without Active Directory.

Article Topics

authentication | biometrics | finger vein | Hitachi | identity verification

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