The Global Automatic Speech Recognition (ASR) market is expected to grow at a CAGR of above 15% over the forecast period. It may be primarily attributed to the increasing usage of advanced electronic devices. Their applications include robotics, interactive voice response, video games and home appliances.
The growing demand for speech-based biometrics for identification purpose is recognized as a primary driver for this market. The industry is witnessing a tremendous demand for speech recognition applications owing to the increasing incidence of fraud due to the use of text passwords. While regular letter or digit based passwords can be easily memorized and cracked and are a security threat, biometric passwords which replace symbols with the voice of a person are difficult to replicate.
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The voice of a person serves as a password and renders authentication and identification. Owing to the securities as mentioned above offered, the ASR applications allow the support of authentication and enrollment of clients by enhancing customer service. This method also reduces the use of the keyboard as the text is no longer used as passwords. These applications thus are expected to drive product demand as it increases efficiency, response time and accuracy of the security systems.
Automatic speech recognition also finds applications in user specific customized authentication such as constant interactions on electronic devices and mobile phones when several customers use the same product. Automatic voice based security systems are perceived to find substantial application in crowd control where the voice is used for the safety systems as entering passwords with keyboards often results in the long queue due to a time delay. This may spur product demand significantly over the next few years.
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The growing demand for speech-based biometrics for identification purpose is recognized as a primary driver for this market. The industry is witnessing a tremendous demand for speech recognition applications owing to the increasing incidence of fraud due to the use of text passwords. While regular letter or digit based passwords can be easily memorized and cracked and are a security threat, biometric passwords which replace symbols with the voice of a person are difficult to replicate.
For More Insights Click Here : https://www.grandviewresearch.com/industry-analysis/automatic-speech-recognition-applications-market
The voice of a person serves as a password and renders authentication and identification. Owing to the securities as mentioned above offered, the ASR applications allow the support of authentication and enrollment of clients by enhancing customer service. This method also reduces the use of the keyboard as the text is no longer used as passwords. These applications thus are expected to drive product demand as it increases efficiency, response time and accuracy of the security systems.
Automatic speech recognition also finds applications in user specific customized authentication such as constant interactions on electronic devices and mobile phones when several customers use the same product. Automatic voice based security systems are perceived to find substantial application in crowd control where the voice is used for the safety systems as entering passwords with keyboards often results in the long queue due to a time delay. This may spur product demand significantly over the next few years.
Get Free Sample Report : https://www.grandviewresearch.com/industry-analysis/automatic-speech-recognition-applications-market/request-toc
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