The speech recognition industry has begun to prevail in the industry, and smart speakers, smart driving, etc. are all being applied. TracTIca estimates that the annual output value of the voice biometrics industry will approach 5 billion US dollars by 2024. According to relevant reports, voiceprint recognition has great potential for development.

Market research firm TracTIca estimates that the annual output value of the voice biometrics industry will approach $5 billion in 2024, with applications including border checkpoints, health care, credit card payments and wearables. Statistics from CB Insights show that at least 45 startups are currently developing chips for speech recognition and self-driving cars, and at least five of them have raised more than $100 million.

The voice biometrics industry will usher in an outbreak, and the annual output value is expected to approach $5 billion in 2024

Amazon’s Alexa cloud-based digital assistant will have voiceprint recognition in the future to confirm the user’s identity. For example, users can set that only their own voiceprint (Voice ID) can activate the credit card shopping function. Amazon CEO Jeff Bezos previously revealed in an interview that the exclusive development team of the Echo smart speaker and Alexa cloud digital assistant has thousands of people and has worked hard for nearly four years before the service is launched.

CTA said that sales of voice-activated smart speakers (including Amazon Echo and Google Home) in the United States increased by 279% in 2017. $3.8 billion. At the same time, the sales of connected devices in the United States in 2018 will also increase by 6.6% year-on-year to 715 million units.

However, HSBC released a research report in May last year that found that less than half (46%) of respondents believed that fingerprint recognition could replace passwords, and only 26% trusted iris recognition. Among them, 70% of the respondents rely on traditional passwords for identification, which is much higher than fingerprint identification (21%) and voiceprint identification (6%).

According to foreign media reports, confidential documents provided by the US National Security Agency (NSA) whistleblower Snowden show that the NSA confidential memo in January 2006 showed that US intelligence agencies had voiceprint recognition technology at that time, which could be used to monitor terrorists, political Characters, drug lords, spies, and their own employees. Although the NSA is known to rely on fingerprint and facial recognition technology to find targets, internal documents from 2008 show that voiceprint recognition is the unit’s greatest strength.

The speech recognition industry has begun to prevail in the industry, and smart speakers, smart driving, etc. are all being applied. TracTIca estimates that the annual output value of the voice biometrics industry will approach 5 billion US dollars by 2024. According to relevant reports, voiceprint recognition has great potential for development.

Market research firm TracTIca estimates that the annual output value of the voice biometrics industry will approach $5 billion in 2024, with applications including border checkpoints, health care, credit card payments and wearables. Statistics from CB Insights show that at least 45 startups are currently developing chips for speech recognition and self-driving cars, and at least five of them have raised more than $100 million.

The voice biometrics industry will usher in an outbreak, and the annual output value is expected to approach $5 billion in 2024

Amazon’s Alexa cloud-based digital assistant will have voiceprint recognition in the future to confirm the user’s identity. For example, users can set that only their own voiceprint (Voice ID) can activate the credit card shopping function. Amazon CEO Jeff Bezos previously revealed in an interview that the exclusive development team of the Echo smart speaker and Alexa cloud digital assistant has thousands of people and has worked hard for nearly four years before the service is launched.

CTA said that sales of voice-activated smart speakers (including Amazon Echo and Google Home) in the United States increased by 279% in 2017. $3.8 billion. At the same time, the sales of connected devices in the United States in 2018 will also increase by 6.6% year-on-year to 715 million units.

However, HSBC released a research report in May last year that found that less than half (46%) of respondents believed that fingerprint recognition could replace passwords, and only 26% trusted iris recognition. Among them, 70% of the respondents rely on traditional passwords for identification, which is much higher than fingerprint identification (21%) and voiceprint identification (6%).

According to foreign media reports, confidential documents provided by the US National Security Agency (NSA) whistleblower Snowden show that the NSA confidential memo in January 2006 showed that US intelligence agencies had voiceprint recognition technology at that time, which could be used to monitor terrorists, political Characters, drug lords, spies, and their own employees. Although the NSA is known to rely on fingerprint and facial recognition technology to find targets, internal documents from 2008 show that voiceprint recognition is the unit’s greatest strength.

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