Voice Biometrics Market 2020 Size by Global Industry Share, Growth, Regional Analysis, Upcoming Trends, Key Manufacturers, Technology Updates & Development Factors and 2025 Forecast

Press Release

The voice biometrics technology is used for voice recognition with the analysis of users’ pitch, voice, speech, and tones. It offers a high security as voice of an individuals’ is unique and distinctive just like as a fingerprint. Increasing demand for strong fraud detection and growing popularity across several sectors are some of the crucial factors boosting the growth of global voice biometrics market. On the other hand, security issues and high cost are restraining the growth of the global voice biometric market.

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The international market for voice biometrics is predicted to attract significant growth due to the huge advancements in software as well as hardware. In addition to this, the high penetration of tablets, smartphones, and several wearable technologies has led to the huge demand for innovative foolproof safer solutions, such factors responsible to boost the growing demand for voice biometrics market. The increasing adoption of IoT technology, wherein user’s security and privacy needs to be protected is fueling the acceptance of biometric solutions. Likewise, landline and mobile phones, microphone, virtual private network, radio network, and voice with IP networking are some types of communication network which can be utilized for biometrics technology.

Moreover, voice biometrics technologies are hugely gaining traction owing to the high level security that they provide. From mobile applications to phone system, voice biometric technologies are adopted as they offer safe and secure authentication. Thus, voice, speech, range, and pitch of an individual are used as parameters for voice recognition. In addition, voice biometrics provides a high level of accuracy, and it is the only technology which does not need extra dedicated hardware like fingerprint sensor or iris-scanning kit apart from microphone. Furthermore, voice biometric solution offers a high accuracy due to technological innovations in microphones and processing power.

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The global voice biometrics market segmented on the basis of component into software and services. Out of theses, the software segment is accounted to hold a highest market size over the predicted period. The segment is expected to grow with a healthy growth rate into coming years, owing to its huge adoption. In addition to this, the requirement for faster, easy, as well as convenient authentication of user is anticipated to boost the voice biometrics market growth. In terms of application, the market offers fraud detection, fraud prevention, authentication, access control, criminal investigation, forensic voice analysis, and other applications. On considering type, the market is segregated into active and passive voice biometrics. Depending on the deployment model, the global voice biometrics market is fragmented into cloud and on-premises. In terms of organization size, the market divided into large enterprises and small & medium enterprises. On considering industry verticals, the market is segregated into government & defense, IT & telecom, BFSI, ecommerce & retail, healthcare, and others.

In terms of geographical front, the global voice biometrics market is divided into Europe, North America, APAC, Latin America, and MEA. The international market for voice biometrics is expected to witness the prominence of several leading companies such as Voice Pass Technology, MASYS Technology, agnito SL, SayPay Technologies INC., VoiceTrust Holding BV, SpeechPro ValidSoft, Voice Security Sysrems, Boid Ag, OneVault, and many others.

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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Table Of Contents:

Chapter 1. Executive Summary

Chapter 2. Research Methodology

2.1. Research approach

2.2. Scope, definition, and assumptions

2.3. Data sources

Chapter 3. Market Outlook

3.1. Introduction

3.2. Key trends

3.2.1. Market drivers

3.2.2. Market restraints

3.2.3. Market opportunities

3.3. Value chain analysis

3.4. Porter’s Five Forces analysis

3.5. PESTEL analysis

3.6. Vendor landscape analysis, 2019

Chapter 4. Global Voice Biometrics Market Overview, By Type

Chapter 5. Global Voice Biometrics Market Overview, By Application

Chapter 6. Global Voice Biometrics Market Overview, By Region

6.1. Global Voice Biometrics Market share, by region, 2019 & 2025

6.2. North America

6.2.1. Market size and projections, 2019-2025

6.2.2. Market size and projections, by type, 2019-2025

6.2.3. Market size and projections, by application, 2019-2025

6.2.4. US

6.2.4.1. Market size and projections, 2019-2025

6.2.4.2. Market size and projections, by type, 2019-2025

6.2.4.3. Market size and projections, by application, 2019-2025

6.3. Europe

6.3.1. Market size and projections, 2019-2025

6.3.2. Market size and projections, by type, 2019-2025

6.3.3. Market size and projections, by application, 2019-2025

6.3.4. Germany

6.3.4.1. Market size and projections, 2019-2025

6.3.4.2. Market size and projections, by type, 2019-2025

6.3.4.3. Market size and projections, by application, 2019-2025

6.3.5. UK

6.3.5.1. Market size and projections, 2019-2025

6.3.5.2. Market size and projections, by type, 2019-2025

6.3.5.3. Market size and projections, by application, 2019-2025

6.4. Asia Pacific

6.4.1. Market size and projections, 2019-2025

6.4.2. Market size and projections, by type, 2019-2025

6.4.3. Market size and projections, by application, 2019-2025

6.4.4. China

6.4.4.1. Market size and projections, 2019-2025

6.4.4.2. Market size and projections, by type, 2019-2025

6.4.4.3. Market size and projections, by application, 2019-2025

6.4.5. India

6.4.5.1. Market size and projections, 2019-2025

6.4.5.2. Market size and projections, by type, 2019-2025

6.4.5.3. Market size and projections, by application, 2019-2025

6.5. South America

6.5.1. Market size and projections, 2019-2025

6.5.2. Market size and projections, by type, 2019-2025

6.5.3. Market size and projections, by application, 2019-2025

6.5.4. Brazil

6.5.4.1. Market size and projections, 2019-2025

6.5.4.2. Market size and projections, by type, 2019-2025

6.5.4.3. Market size and projections, by application, 2019-2025

6.6. Middle East & Africa

6.6.1. Market size and projections, 2019-2025

6.6.2. Market size and projections, by type, 2019-2025

6.6.3. Market size and projections, by application, 2019-2025

Chapter 7. Company Profiles

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