2014-03-18 08:58:02 - Global Automatic Speech Recognition Market 2014-2018 - a new market research report on companiesandmarkets.com
The Global Automatic Speech Recognition market is to grow at a CAGR of 16.28 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increasing demand for speech-based biometrics. The Global automatic Speech Recognition market has also been witnessing the increased use of voice passwords. However, the issues with accuracy could pose a challenge to the growth of this market.
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 replaced 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 enrolment 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.
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