Voice Biometrics Market by Application (Access Control & Authentication, Fraud Detection & Prevention, Forensic Voice Analysis & Criminal Investigation), Component, Type, Deployment, Organization Size, Industry Vertical, Region - Global Forecast to 2024
[136 Pages Report] The global voice biometrics market size is expected to grow from USD 984 million in 2019 to USD 2,845 million by 2024, at a Compound Annual Growth Rate (CAGR) of 23.7% during the forecast period. Key growth factors for the market include an increasing demand for robust fraud detection and prevention systems across the BFSI industry vertical and need for reducing authentication and identification costs. Also, the advent of advanced technologies such as AI and DNN, and a need for safeguarding healthcare and financial data to create many opportunities for vendors of voice biometrics solutions.
Software segment to hold a larger market size during the forecast period
The voice biometrics market by component covers software and services. The software segment outperforms the services segment and would record higher growth in the future, due to more adoption. The need for easy, faster, and convenient user authentication is expected to drive the voice biometrics software. An increasing number of online transactions and fraudulent activities and need for a multi-layered security approach in the financial services vertical is expected to drive the overall market. The services segment is expected to record a faster growth rate during the forecast period.
Active voice biometrics to account for a higher market share in the market by type
In active voice biometrics, the user is verified with a fixed passphrase that is already stored in a system before the start of a call. Such passphrases are beneficial for user enrollment and authentication purposes. Thus, active voice biometrics is considered as a text-dependent mechanism. The organizations preferring self-service oriented approach for the users choose active voice biometrics. Active type of biometrics system is found beneficial among users with reduction in enrollment friction and phrase repetition, and collection and management of numerous voiceprints per user.
Cloud deployment mode to hold a larger market size during the forecast period
Cloud-based solutions help organizations reduce capital and operating expenditure, allowing them to achieve a considerably high level of efficiency at a minimal cost. Thus, a largest market size of cloud is attributed to the ability of the cloud infrastructure to provide self-service applications at a minimal cost.
North America to hold the largest market size during the forecast period
The global voice biometrics market by region covers 5 major geographic regions: North America, Asia Pacific (APAC), Europe, Middle East and Africa (MEA), and Latin America. North America is expected to hold the largest market size during the forecast period. Among the regions, North America is expected to continue the highest adoption of voice biometrics solutions owing to developed economies (Canada and the US), and an increasing focus on innovations obtained from R&D and technology.
Key Voice Biometrics Market Players
The voice biometrics market comprises major solution providers, such as Nuance Communications (US), NICE (Israel), Verint (US), AimBrain (UK), Voice Biometrics Group (US), Phonexia (Czech Republic), OneVault (South Africa), Sestek (Turkey), LumenVox (US), LexisNexis Risk Solutions (US), VoicePIN (Poland), Uniphore (India), Pindrop (US), Aculab (UK), and Auraya (Australia).
The study includes an in-depth competitive analysis of the key players in the market with their company profiles, recent developments, and key market strategies.
Recent Developments:
- In February 2018, Nuance Communications launched a new biometric security solution for fraud prevention and authentication, and a key advancement to its Omni-Channel Customer Engagement Platform. With the help of ConversationPrint and Intelligent Detectors, the new solution offers a comprehensive and layered AI-based approach, to detect omnichannel frauds through voice and face or behavioral biometrics. It also includes the introduction of third-generation of its DNN-based voice biometric algorithms.
- In July 2017, NICE launched the Actimize Fraud Essentials Cloud solution to assist medium-sized financial organizations in fraud management as the solution can be deployed rapidly and is also cost-effective.
Key Questions addressed by the report:
- What are the opportunities in the voice biometrics market?
- What is the competitive landscape in the market?
- What are the emerging technologies impacting the overall market?
- What are the key use cases existing in the market?
- What are the key trends and dynamics existing in the market?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 16)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regions Covered
1.4 Years Considered for the Study
1.5 Currency Considered
1.6 Stakeholders
2 Research Methodology (Page No. - 20)
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakup of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Breakup and Data Triangulation
2.3 Market Size Estimation
2.4 Market Forecast
2.5 Microquadrant Research Methodology
2.5.1 Vendor Inclusion Criteria
2.6 Assumptions for the Study
2.7 Limitations of the Study
3 Executive Summary (Page No. - 28)
4 Premium Insights (Page No. - 33)
4.1 Attractive Market Opportunities in the Voice Biometrics Market
4.2 Market By Application (20192024)
4.3 Market By Type
4.4 Market Share Across Regions
5 Market Overview and Industry Trends (Page No. - 35)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Demand for Robust Fraud Detection and Prevention Systems Across the BFSI Industry
5.2.1.2 Need for Reducing Authentication and Identification Costs
5.2.2 Restraints
5.2.2.1 Security and Privacy Issues With New Advanced Technologies
5.2.2.2 Low Cybersecurity Budget of Organizations and High Installation Costs
5.2.3 Opportunities
5.2.3.1 Advent of Advanced Technologies, Such as AI and DNN
5.2.3.2 Need for Safeguarding the Privacy of Healthcare Data
5.2.4 Challenges
5.2.4.1 Lack of Accuracy in Authenticating Users
5.3 Industry Trends
5.3.1 Voice Biometrics Innovations
5.3.1.1 Using Ai-Enabled Technologies, Such as Machine Learning and Deep Learning to Comply With Regulations and Compliances
5.3.1.2 Aiops for Change-Tolerant Algorithms
5.3.1.3 Artificial Intelligence for Analyzing Users Data
5.3.2 Voice Biometrics Market: Use Cases
5.3.2.1 Detecting Fraud With Voice Biometrics From Nuance Communications
5.3.2.2 Preventing Frauds and Delivering Better Service With NICE RTA Solution
5.3.3 Regulatory Implications
5.3.3.1 General Data Protection Regulation
5.3.3.2 SarbanesOxley Act
5.3.3.3 Basel
5.3.3.4 Governance, Risk, and Compliance Standards
5.3.3.5 EU Data Protection Regulation
5.3.3.6 Health Information Technology for Economic and Clinical Health
5.3.3.7 Health Insurance Portability and Accountability Act
6 Voice Biometrics Market By Component (Page No. - 43)
6.1 Introduction
6.2 Software
6.2.1 Need for Easy, Faster, and Convenient User Authentication Drives the Growth of Voice Biometrics
6.3 Services
6.3.1 Professional Services
6.3.1.1 Consulting
6.3.1.1.1 Need for Enhanced Strategic Outlook, Improved Performance Efficiencies, and Business Transformation to Drive the Consulting Services
6.3.1.2 Training and Education
6.3.1.2.1 Need for Guidance in Implementing Voice Biometrics Solutions to Foster the Growth of Education and Training Services
6.3.1.3 Deployment and Integration
6.3.1.3.1 Rise in the Adoption of Voice Biometrics Solutions With Inherent Need to Align Solution to the Client Environment to Drive the Deployment and Integration Services
6.3.1.4 Support and Maintenance
6.3.1.4.1 Complexity of Operations and the Need for Regular Assistance During the Software Lifecycle to Foster the Growth of Support and Maintenance Services
6.3.2 Managed Services
6.3.2.1 Need to Comply With Stringent Regulations Driving Managed Services
7 Voice Biometrics Market By Application (Page No. - 52)
7.1 Introduction
7.2 Access Control and Authentication
7.2.1 Enhanced Security for Accessing Personal Information to Drive the Adoption of Voice Biometrics Solutions
7.3 Fraud Detection and Prevention
7.3.1 Customer Authentication During Live Conversation to Increase the Significance of Voice Biometrics Solutions
7.4 Forensic Voice Analysis and Criminal Investigation
7.4.1 Speaker Identification Capability to Drive the Need for Voice Biometrics in Forensic Voice Analysis and Criminal Investigation
7.5 Others
8 Voice Biometrics Market By Type (Page No. - 57)
8.1 Introduction
8.2 Active Voice Biometrics
8.2.1 Benefits of Lowered Data, Storage Capacity, and Processing Power Requirement, to Increase the Adoption of Active Voice Biometrics
8.3 Passive Voice Biometrics
8.3.1 Advantage of Customer Authentication During Live Conversation Increasing the Significance of Passive Voice Biometrics
9 Voice Biometrics Market By Organization Size (Page No. - 61)
9.1 Introduction
9.2 Small and Medium-Sized Enterprises
9.2.1 Need for Viable Cloud-Based Biometrics Solutions to Drive the Adoption of Voice Biometrics in Small and Medium-Sized Enterprises
9.3 Large Enterprises
9.3.1 Increasing Adoption of Advanced Technologies to Drive the Adoption of Voice Biometrics in Large Enterprises
10 Voice Biometrics Market By Deployment Model (Page No. - 65)
10.1 Introduction
10.2 Cloud
10.2.1 Rapid Implementation, Reduced Operational Cost, 24Χ7 Data Accessibility, Scalability, and Ease of Use to Drive the Adoption of Cloud-Based Voice Biometrics Solutions
10.3 On-Premises
10.3.1 Flexibility to Customize Solutions to Be the Key Factor Driving the Growth of On-Premises Voice Biometrics Solutions
11 Voice Biometrics Market By Industry Vertical (Page No. - 69)
11.1 Introduction
11.2 Banking, Financial Services, and Insurance
11.2.1 Need for Enhanced, User-Friendly Authentication Techniques to Boost the Adoption of Voice Biometrics By Financial Organizations
11.3 Retail and eCommerce
11.3.1 Focus on Secured Financial Transactions to Drive the Adoption of Voice Biometrics Solutions in Retail
11.4 Telecommunications and IT
11.4.1 Need to Protect Large Volumes of Sensitive Data to Drive the Adoption of Voice Biometrics Solutions in Telecommunications and IT
11.5 Government and Defense
11.5.1 Increasing Focus on Verifying Peoples Identification to Drive the Market in the Vertical
11.6 Healthcare
11.6.1 Mandatory Protection of Sensitive Data to Boost the Adoption of Voice Biometrics Solutions in Healthcare Vertical
11.7 Others
12 Geographic Analysis (Page No. - 76)
12.1 Introduction
12.2 North America
12.2.1 United States
12.2.1.1 Rapid Technology and Infrastructure Developments in the US to Lead High Adoption of Voice Biometrics Solutions
12.2.2 Canada
12.2.2.1 Increasing Adoption of AI Technology Among Banking and Telecom Industries to Boost the Adoption of Voice Biometrics in Canada
12.3 Europe
12.3.1 United Kingdom
12.3.1.1 Increasing Investments in Research and Development to Boost the Market Growth in the United Kingdom
12.3.2 Germany
12.3.2.1 Increasing Need for Migrant Authentication to Spur Demand for Voice Biometric Solutions in Germany
12.3.3 France
12.3.3.1 Growing Security Concerns to Spur Demand for Voice Biometrics Solutions in France
12.3.4 Rest of Europe
12.4 Asia Pacific
12.4.1 China
12.4.1.1 Increasing Demand for Enhanced Security for Preventing Criminal Activities to Enhance the Market Growth in China
12.4.2 Australia and New Zealand
12.4.2.1 Voice Biometrics Solution Providers Growing Focus in Australia and New Zealand to Drive Market Growth
12.4.3 India
12.4.3.1 Rapidly Increasing Use of Internet to Spur the Demand for Voice Biometrics Solutions in India
12.4.4 Singapore
12.4.4.1 Growing Need for Secured Financial Transactions to Enhance the Deployment of Voice Biometrics Solutions in Singapore
12.4.5 Rest of Asia Pacific
12.5 Middle East and Africa
12.5.1 Africa
12.5.1.1 Growing Demand Among Financial and Telecom Organizations to Drive the Voice Biometrics Technology in African Region
12.5.2 Middle East
12.5.2.1 Growing Demand From Banking and Financial Organizations Would Drive the Market
12.6 Latin America
12.6.1 Brazil
12.6.1.1 Emerging Startups in Brazil to Drive the Voice Biometrics Market
12.6.2 Mexico
12.6.2.1 Growing Use of New Technologies to Secure Financial and Personal Data to Create the Demand for Voice Biometrics Solutions in Mexico
12.6.3 Rest of Latin America
13 Competitive Landscape (Page No. - 102)
13.1 Microquadrant Overview
13.1.1 Visionaries
13.1.2 Innovators
13.1.3 Dynamic Differentiators
13.1.4 Emerging Companies
13.2 Competitive Benchmarking
13.2.1 Strength of Product Portfolio Adopted By Major Players in the Market
13.2.2 Business Strategy Excellence Adopted By Major Players in the Market
13.3 Market Ranking
14 Company Profiles (Page No. - 107)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis & MnM View)*
14.1 Introduction
14.2 Nuance Communications
14.3 NICE
14.4 Verint
14.5 Phonexia
14.6 Pindrop
14.7 AimBrain
14.8 Voice Biometrics Group
14.9 Aculab
14.10 Auraya
14.11 Uniphore
14.12 VoicePIN
14.13 LexisNexis Risk Solutions
14.14 LumenVox
14.15 OneVault
14.16 SESTEK
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis & MnM View Might Not Be Captured in Case of Unlisted Companies.
15 Appendix (Page No. - 129)
15.1 Discussion Guide
15.2 Knowledge Store: Marketsandmarkets Subscription Portal
15.3 Available Customization
15.4 Related Reports
15.5 Author Details
List of Tables (81 Tables)
Table 1 Factor Analysis
Table 2 Evaluation Criteria
Table 3 Voice Biometrics Market Size and Growth Rate, 20192024 (USD Million, Y-O-Y %)
Table 4 Market Size By Component, 20172024 (USD Million)
Table 5 Software: Market Size By Region, 20172024 (USD Million)
Table 6 Voice Biometrics Market Size, By Service, 20172024 (USD Million)
Table 7 Services: Market Size By Region, 20172024 (USD Million)
Table 8 Professional Services Market Size, By Type, 20172024 (USD Million)
Table 9 Professional Services Market Size, By Region, 20172024 (USD Million)
Table 10 Consulting Market Size, By Region, 20172024 (USD Million)
Table 11 Training and Education Market Size, By Region, 20172024 (USD Million)
Table 12 Deployment and Integration Market Size, By Region, 20172024 (USD Million)
Table 13 Support and Maintenance Market Size, By Region, 20172024 (USD Million)
Table 14 Managed Services Market Size, By Region, 20172024 (USD Million)
Table 15 Voice Biometrics Market Size, By Application, 20172024 (USD Million)
Table 16 Access Control and Authentication: Market Size By Region, 20172024 (USD Million)
Table 17 Fraud Detection and Prevention: Market Size By Region, 20172024 (USD Million)
Table 18 Forensic Voice Analysis and Criminal Investigation: Market Size By Region, 20172024 (USD Million)
Table 19 Others: Market Size By Region, 20172024 (USD Million)
Table 20 Voice Biometrics Market Size, By Type, 20172024 (USD Million)
Table 21 Active: Market Size By Region, 20172024 (USD Million)
Table 22 Passive: Market Size By Region, 20172024 (USD Million)
Table 23 Voice Biometrics Market Size, By Organization Size, 20172024 (USD Million)
Table 24 Small and Medium-Sized Enterprises: Market Size By Region, 20172024 (USD Million)
Table 25 Large Enterprises: Market Size By Region, 20172024 (USD Million)
Table 26 Voice Biometrics Market Size, By Deployment Model, 20172024 (USD Million)
Table 27 Cloud: Market Size By Region, 20172024 (USD Million)
Table 28 On-Premises: Market Size By Region, 20172024 (USD Million)
Table 29 Voice Biometrics Market Size, By Industry Vertical, 20172024 (USD Million)
Table 30 Banking, Financial Services, and Insurance: Market Size By Region, 20172024 (USD Million)
Table 31 Retail and eCommerce: Market Size By Region, 20172024 (USD Million)
Table 32 Telecommunications and IT: Market Size By Region, 20172024 (USD Million)
Table 33 Government and Defense: Market Size By Region, 20172024 (USD Million)
Table 34 Healthcare: Market Size By Region, 20172024 (USD Million)
Table 35 Others: Market Size By Region, 20172024 (USD Million)
Table 36 Voice Biometrics Market Size, By Region, 20172024 (USD Million)
Table 37 North America: Voice Biometrics Market Size, By Component, 20172024 (USD Million)
Table 38 North America: Market Size By Service, 20172024 (USD Million)
Table 39 North America: Market Size By Professional Services, 20172024 (USD Million)
Table 40 North America: Market Size By Type, 20172024 (USD Million)
Table 41 North America: Market Size By Application, 20172024 (USD Million)
Table 42 North America: Market Size By Deployment Mode, 20172024 (USD Million)
Table 43 North America: Market Size By Organization Size, 20172024 (USD Million)
Table 44 North America: Market Size By Industry Vertical, 20172024 (USD Million)
Table 45 North America: Market Size By Country, 20172024 (USD Million)
Table 46 Europe: Voice Biometrics Market Size, By Component, 20172024 (USD Million)
Table 47 Europe: Market Size By Service, 20172024 (USD Million)
Table 48 Europe: Market Size By Professional Service, 20172024 (USD Million)
Table 49 Europe: Market Size By Type, 20172024 (USD Million)
Table 50 Europe: Market Size By Application, 20172024 (USD Million)
Table 51 Europe: Market Size By Deployment Mode, 20172024 (USD Million)
Table 52 Europe: Market Size By Organization Size, 20172024 (USD Million)
Table 53 Europe: Market Size By Industry Vertical, 20172024 (USD Million)
Table 54 Europe: Market Size By Country, 20172024 (USD Million)
Table 55 Asia Pacific: Voice Biometrics Market Size, By Component, 20172024 (USD Million)
Table 56 Asia Pacific: Market Size By Service, 20172024 (USD Million)
Table 57 Asia Pacific: Market Size By Professional Service, 20172024 (USD Million)
Table 58 Asia Pacific: Market Size By Type, 20172024 (USD Million)
Table 59 Asia Pacific: Market Size By Application, 20172024 (USD Million)
Table 60 Asia Pacific: Market Size By Deployment Mode, 20172024 (USD Million)
Table 61 Asia Pacific: Market Size By Organization Size, 20172024 (USD Million)
Table 62 Asia Pacific: Market Size By Industry Vertical, 20172024 (USD Million)
Table 63 Asia Pacific: Market Size By Country, 20172024 (USD Million)
Table 64 MEA: Voice Biometrics Market Size, By Component, 20172024 (USD Million)
Table 65 MEA: Market Size By Service, 20172024 (USD Million)
Table 66 MEA: Market Size By Professional Service, 20172024 (USD Million)
Table 67 MEA: Market Size By Type, 20172024 (USD Million)
Table 68 MEA: Market Size By Application, 20172024 (USD Million)
Table 69 MEA: Market Size By Deployment Mode, 20172024 (USD Million)
Table 70 MEA: Market Size By Organization Size, 20172024 (USD Million)
Table 71 MEA: Market Size By Industry Vertical, 20172024 (USD Million)
Table 72 MEA: Market Size By Sub-Region, 20172024 (USD Million)
Table 73 Latin America: Voice Biometrics Market Size, By Component, 20172024 (USD Million)
Table 74 Latin America: Market Size By Service, 20172024 (USD Million)
Table 75 Latin America: Market Size By Professional Service, 20172024 (USD Million)
Table 76 Latin America: Market Size By Type, 20172024 (USD Million)
Table 77 Latin America: Market Size By Application, 20172024 (USD Million)
Table 78 Latin America: Market Size By Deployment Mode, 20172024 (USD Million)
Table 79 Latin America: Market Size By Organization Size, 20172024 (USD Million)
Table 80 Latin America: Market Size By Industry Vertical, 20172024 (USD Million)
Table 81 Latin America: Market Size By Country, 20172024 (USD Million)
List of Figures (32 Figures)
Figure 1 Global Voice Biometrics Market: Research Design
Figure 2 Market: Top-Down and Bottom-Up Approaches
Figure 3 Market Overview
Figure 4 Market to Witness High Growth During the Forecast Period
Figure 5 Market By Component (2019 vs 2024)
Figure 6 Market By Deployment Model (20192024)
Figure 7 Increasing Demand for Robust Fraud Detection and Prevention Systems Across the BFSI Industry to Drive the Voice Biometrics Market
Figure 8 Voice Biometrics Market, By Application (20182023)
Figure 9 Market By Type (20192024)
Figure 10 North America to Account for the Highest Market Share in 2019
Figure 11 Drivers, Restraints, Opportunities, and Challenges: Voice Biometrics Market
Figure 12 Services Segment to Grow at A Higher CAGR During the Forecast Period
Figure 13 Managed Services Segment to Grow at A Higher CAGR During the Forecast Period
Figure 14 Deployment and Integration Segment to Grow at the Highest CAGR During the Forecast Period
Figure 15 Forensic Voice Analysis and Criminal Investigation Application to Grow at A Higher CAGR During the Forecast Period
Figure 16 Passive Voice Biometrics to Grow at A Higher CAGR During the Forecast Period
Figure 17 SMEs Segment to Grow at A Higher CAGR During the Forecast Period
Figure 18 Cloud Deployment Model to Grow at A Higher CAGR During the Forecast Period
Figure 19 Healthcare Industry Vertical to Grow at the Highest CAGR During the Forecast Period
Figure 20 North America to Hold the Largest Market Size and APAC to Grow at the Highest CAGR During the Forecast Period
Figure 21 North America Market Snapshot
Figure 22 Asia Pacific: Market Snapshot
Figure 23 Voice Biometrics Market, Competitive Leadership Mapping, 2019
Figure 24 Ranking of Key Players in the Voice Biometrics Market, 2019
Figure 25 Nuance Communications: Company Snapshot
Figure 26 Nuance Communications: SWOT Analysis
Figure 27 NICE: Company Snapshot
Figure 28 SWOT Analysis: NICE
Figure 29 Verint: Company Snapshot
Figure 30 Verint: SWOT Analysis
Figure 31 Phonexia: SWOT Analysis
Figure 32 SWOT Analysis: Pindrop
The study involved 4 major activities in estimating the current market size for voice biometrics software and services. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate the findings, assumptions, and sizing with the industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakup and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources, such as D&B Hoovers and Bloomberg BusinessWeek have been referred to, for identifying and collecting information for the study. The secondary sources included annual reports, press releases, and investor presentations of companies; white papers; journals; and certified publications and articles from recognized authors, directories, and databases.
Primary Research
Various primary sources from both supply and demand sides of the voice biometrics market ecosystem were interviewed to obtain qualitative and quantitative information for the study. The primary sources from the supply-side included industry experts, such as Chief Executive Officers (CEOs), Chief Technology Officers (CTOs), Chief Operating Officers (COOs), Vice Presidents (VPs), Managing Directors (MDs), technology and innovation directors, and related key executives from various key companies and organizations operating in the voice biometrics market, associated service providers, and system integrators operating in the targeted regions. All possible parameters that affect the market covered in the research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The breakup of profiles of primary respondents as follows:
To know about the assumptions considered for the study, download the pdf brochure
Voice Biometrics Market Size Estimation
For making market estimations and forecasting the voice biometrics market, and the other dependent submarkets, top-down and bottom-up approaches were used. The bottom-up procedure was used to arrive at the overall market size of the global market using key companies revenue and their offerings in the market. The research methodology used to estimate the market size includes the following:
- The key players in the market have been identified through extensive secondary research.
- The market size, in terms of value, has been determined through primary and secondary research processes.
- All percentage shares, splits, and breakups have been determined using secondary sources and verified through primary sources.
Data Triangulation
With data triangulation and validation through primary interviews, the exact value of the overall parent market size was determined and confirmed using the study. The overall market size was then used in the top-down procedure to estimate the size of other individual markets through percentage splits of the market segmentation.
Report Objectives
- To define, describe, and forecast the voice biometrics market by component (software and services), application, type (active and passive voice biometrics), deployment mode, organization size, industry vertical, and region
- To provide detailed information about the major factors (drivers, opportunities, restraints, and challenges) influencing the growth of the market
- To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
- To analyze opportunities in the market for stakeholders by identifying high-growth segments of the market
- To forecast the market size of the market segments with respect to 5 main regions: North America, Europe, Middle East and Africa (MEA), Asia Pacific (APAC), and Latin America
- To profile the key players of the market and comprehensively analyze their market size and core competencies in the market
- To track and analyze the competitive developments, such as new product launches; mergers and acquisitions; and partnerships, agreements, and collaborations in the global voice biometrics market
Scope of the report
|
Report Metric |
Details |
|
Market size available for years |
20172024 |
|
Base year considered |
2018 |
|
Forecast period |
20192024 |
|
Forecast units |
Million (USD) |
|
Segments covered |
Component, Application, Type, Deployment Mode, Organization Size, Industry Vertical, and Region |
|
Geographies covered |
North America, APAC, Europe, Latin America, and MEA |
|
Companies covered |
Nuance Communications (US), NICE (Israel), Verint (US), AimBrain (UK), Voice Biometrics Group (US), Phonexia (Czech Republic), OneVault (South Africa), SESTEK (Turkey), LumenVox (US), LexisNexis Risk Solutions (US), VoicePIN (Poland), Uniphore (India), Pindrop (US), Aculab (UK), and Auraya (Australia) |
This research report categorizes the voice biometrics market based on component, application, type, deployment model, organization size, industry vertical, and region.
Based on Components, the voice biometrics market has the following segments:
- Software
- Services
- Managed Services
- Professional Services
- Consulting
- Deployment Integration
- Support and Maintenance
- Training and Education
Based on Applications, the voice biometrics market has the following segments:
- Access Control and Authentication
- Fraud Detection and Prevention
- Forensic voice analysis and Criminal Investigation
- Others (Speech Therapy, and Personalized User Experience)
Based on Types, the voice biometrics market has the following segments:
- Active Voice Biometrics
- Passive Voice Biometrics
Based on Deployment Models, the voice biometrics market has the following segments
- On-premises
- Cloud
Based on Organization Sizes, the voice biometrics market has the following segments
- SMEs
- Large Enterprises
Based on Industry Verticals, the voice biometrics market has the following segments:
- BFSI
- Government and Defense
- Telecom and IT
- Healthcare
- Retail and eCommerce
- Others*
Based on Regions, the voice biometrics market has the following segments:
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Rest of Europe
- APAC
- China
- ANZ
- India
- Singapore
- Rest of APAC
- MEA
- Middle East
- Africa
- Latin America
- Mexico
- Brazil
- Rest of Latin America
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Growth opportunities and latent adjacency in Voice Biometrics Market