Market Overview:
The global voice recognition biometrics market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The increasing demand for voice recognition biometrics in various applications such as IT and telecom, BFSI, automotive, healthcare, education and others is driving the growth of the global market. The growing need for security and safety measures across different industries is also propelling the growth of the global voice recognition biometrics market. The physiological segment dominated the global voice recognition biometrics market in 2017 and is expected to maintain its dominance during the forecast period from 2018 to 2030. This can be attributed to factors such as accuracy and reliability offered by physiological-based voice recognition systems over behavioral-based ones.
Product Definition:
Voice recognition is the ability of a computer to identify and authenticate a user’s voice. This technology is used in security systems to verify the identity of an individual before granting access to secure areas or data. Voice recognition biometrics can also be used to authorize financial transactions or log into accounts.
Physiological Biometrics:
Physiological biometrics is a new emerging field that uses voice as the primary means of identification. The voice as an identifying tool has certain advantages over traditional methods such as fingerprinting and facial recognition. Voice recognition biometrics market is expected to witness significant growth owing to its increasing use in security applications, mobile banking authentication, telephonic payments and online shopping among others.
Behavioral Biometrics:
Behavioral biometrics is a new emerging field of science that studies the human behavior in terms of motion and gesture to recognize individuals. It differs from traditional biometrics used for identification purposes on account of its ability to identify an individual not only by their physical characteristics but also by their mannerisms, mood, and other mental attributes.
Application Insights:
The IT and telecom sector accounted for the largest market share in 2016. This is attributed to the increasing use of voice recognition biometrics solutions across various applications, such as customer care and support, fraud detection at ATMs, banking transactions monitoring & authentication, e-commerce security systems, inventory control and tracking systems among others. The BFSI sector is expected to emerge as a prominent segment over the forecast period owing to several advantages offered by VNBMS including increased accuracy in identification due to high consistency between acoustic patterns and stored data.
The automotive application segment was valued at USD 205 million in 2016 owing to its rising adoption across countries worldwide. Countries such as India are anticipated to witness significant growth over the forecast period due to increasing demand for vehicles equipped with VNB system by major car manufacturers there.
Regional Analysis:
North America dominated the global voice recognition biometrics market in 2017. This is due to the high adoption of emerging technologies and increasing government initiatives for using advanced security systems in various sectors. For instance, according to a white paper published by Gartner Inc.
Asia Pacific is expected to be the fastest-growing region over the forecast period owing to rising demand from countries such as China and India. Increasing penetration of smart cards in payment applications coupled with growing need for secure access control systems will drive growth over next eight years.
Growth Factors:
- Increasing demand for voice recognition biometrics in the government sector for secure authentication and identification.
- The increasing use of voice recognition biometrics in consumer electronics products such as smartphones, tablets, and laptops.
- The rising demand for voice recognition biometric solutions from financial institutions to authenticate customers during transactions.
- The increasing adoption of voice recognition technology by healthcare organizations to identify patients and track their medical history records securely.
Scope Of The Report
Report Attributes
Report Details
Report Title
Voice Recognition Biometrics Market Research Report
By Type
Physiological Biometrics, Behavioral Biometrics
By Application
IT And Telecom, BFSI, Automotive, Healthcare, Education, Others
By Companies
AGNITIO, Nuance Communications, VoiceTrust, VoiceVault, Auraya Systems, M2SYS Technology, OneVault, VoiceIt Technologies, SayPay Technologies, Sensiple, Sensory, SpeechPro, SPITCH, VoicePIN, Uniphore, ValidSoft, Voice Biometrics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
210
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Voice Recognition Biometrics Market Report Segments:
The global Voice Recognition Biometrics market is segmented on the basis of:
Types
Physiological Biometrics, Behavioral Biometrics
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
IT And Telecom, BFSI, Automotive, Healthcare, Education, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AGNITIO
- Nuance Communications
- VoiceTrust
- VoiceVault
- Auraya Systems
- M2SYS Technology
- OneVault
- VoiceIt Technologies
- SayPay Technologies
- Sensiple
- Sensory
- SpeechPro
- SPITCH
- VoicePIN
- Uniphore
- ValidSoft
- Voice Biometrics
Highlights of The Voice Recognition Biometrics Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Physiological Biometrics
- Behavioral Biometrics
- By Application:
- IT And Telecom
- BFSI
- Automotive
- Healthcare
- Education
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Voice Recognition Biometrics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Voice recognition biometrics is a technology that uses voice data to identify individuals. This technology can be used in a number of different applications, such as authentication and security systems, customer service, and more.
Some of the key players operating in the voice recognition biometrics market are AGNITIO, Nuance Communications, VoiceTrust, VoiceVault, Auraya Systems, M2SYS Technology, OneVault, VoiceIt Technologies, SayPay Technologies, Sensiple, Sensory, SpeechPro, SPITCH, VoicePIN, Uniphore, ValidSoft, Voice Biometrics.
The voice recognition biometrics market is expected to grow at a compound annual growth rate of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Voice Recognition Biometrics Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Voice Recognition Biometrics Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Voice Recognition Biometrics Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Voice Recognition Biometrics Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Voice Recognition Biometrics Market Size & Forecast, 2020-2028
4.5.1 Voice Recognition Biometrics Market Size and Y-o-Y Growth
4.5.2 Voice Recognition Biometrics Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Physiological Biometrics
5.2.2 Behavioral Biometrics
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 IT And Telecom
6.2.2 BFSI
6.2.3 Automotive
6.2.4 Healthcare
6.2.5 Education
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Voice Recognition Biometrics Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Voice Recognition Biometrics Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Physiological Biometrics
9.6.2 Behavioral Biometrics
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 IT And Telecom
9.10.2 BFSI
9.10.3 Automotive
9.10.4 Healthcare
9.10.5 Education
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Physiological Biometrics
10.6.2 Behavioral Biometrics
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 IT And Telecom
10.10.2 BFSI
10.10.3 Automotive
10.10.4 Healthcare
10.10.5 Education
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Physiological Biometrics
11.6.2 Behavioral Biometrics
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 IT And Telecom
11.10.2 BFSI
11.10.3 Automotive
11.10.4 Healthcare
11.10.5 Education
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Physiological Biometrics
12.6.2 Behavioral Biometrics
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 IT And Telecom
12.10.2 BFSI
12.10.3 Automotive
12.10.4 Healthcare
12.10.5 Education
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Physiological Biometrics
13.6.2 Behavioral Biometrics
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 IT And Telecom
13.10.2 BFSI
13.10.3 Automotive
13.10.4 Healthcare
13.10.5 Education
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Voice Recognition Biometrics Market: Competitive Dashboard
14.2 Global Voice Recognition Biometrics Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AGNITIO
14.3.2 Nuance Communications
14.3.3 VoiceTrust
14.3.4 VoiceVault
14.3.5 Auraya Systems
14.3.6 M2SYS Technology
14.3.7 OneVault
14.3.8 VoiceIt Technologies
14.3.9 SayPay Technologies
14.3.10 Sensiple
14.3.11 Sensory
14.3.12 SpeechPro
14.3.13 SPITCH
14.3.14 VoicePIN
14.3.15 Uniphore
14.3.16 ValidSoft
14.3.17 Voice Biometrics
