"In multi-factor authentication, such as voice plus face recognition as a pre-requisite for secure mobile commerce, SpeechPro was first to come to market with a packaged solution to the multi-factor challenge.”
New York, NY (PRWEB) December 19, 2014
In a report published by Speech Technology Magazine, SpeechPro is cited as a voice biometrics leader. The report, "Voice Biometrics Consensus: Global Tally of Voice Security and Authentication Implementations," describes the booming industry and the wealth of opportunity for partnerships across various markets.
Surveying the voice biometrics landscape on a global scale, the study, conducted by Opus Research, estimated there are now approximately 150 voice biometrics deployments worldwide and that companies and government agencies have enrolled roughly 70 million voiceprints. Industry-wide, Opus predicts massive growth in revenue over the next few years. "[The] industry closed 2013 with over $165 million in annual revenues, and is poised to exceed $584 million in annual revenue in three years, representing a hefty 37.2 percent compound annual growth rate. This compares to the 42.7 percent growth we’ve observed between 2012 and 2014."
“In multi-factor authentication, such as voice plus face recognition as a pre-requisite for secure mobile commerce,” explains Dan Miller, Lead Analyst and Founder of Opus Research. “SpeechPro was first to come to market with a packaged solution to the multi-factor challenge.”
According to the study, SpeechPro’s target markets, including financial services, banks, government, healthcare, education, and law enforcement, are increasingly deploying voice biometrics technologies. To help reach these markets, SpeechPro has developed several partnerships with customer engagement solutions providers that have integrated SpeechPro’s VoiceKey and VoiceGrid technologies into their core software solutions. These partnerships indicate that the demand for SpeechPro’s multi-modal biometrics software solutions is on the rise.
Additionally, West Virginia University enlisted the help of SpeechPro to enhance their voice biometrics curriculum. The deployment of SpeechPro’s Sound Cleaner II, SISII, and Easy Voice Biometrics audio forensic tools in the WVU lab coupled with expert training services by the SpeechPro team has paved the way for WVU students and researchers to utilize “one of the premier professional voice recognition packages in the country,” according to Brian Woerner, Chair of the Lane Department of Computer Science and Electrical Engineering at WVU.
“SpeechPro has invested heavily in research and development with over 150 specialists, including 30 PhDs, collaborating to create our cutting edge products,” said Alexey Khitrov, President of SpeechPro. “This recognition is an honor and confirmation that our focus on R&D has been a worthwhile endeavor in the innovation-driven world of voice biometrics.”
In August, Speech Technology Magazine named SpeechPro a “Star Performer” at the Speech Industry Awards, which recognizes the most influential speech technology innovators each year. As SpeechPro continues to be recognized as an industry leader and develops more partnerships, the fate of the industry is clear: the demand for voice biometrics solutions will continue to grow.