The popularity of using voiceprints as a means of identification is increasing across a variety of businesses and industries. From everyday banking, to monitoring criminals on parole, voice biometrics now has a strong foothold in the world of identification, both in the fight against fraud and general ease of use and security.
Companies like AGNITiO have helped enter more the 65 million voiceprints into corporate and government databases. After an initial trial using voice biometrics with its wealthiest customers, Barclays are now rolling out their voiceprinting service to the rest of their 12 million customers.
Analysis of the industry’s revenue by Opus Research shows that it should double from just under $400m last year to between $730m and $900m next year.