Voice Biometrics Market Outlook,Industry Demand and Supply, Key Prospects, Future Growth, Forecast and Top Manufacturers Analysis Report by Emergen Research

April 02 11:50 2021
A surge in urbanization, an increasing number of cyberattacks, and the emergence of technologies such as machine learning and artificial intelligence is driving the market demand.

Market Size – USD 972.4 Million in 2019, Market Growth – CAGR of 23.6%, Market trends – Growing demand from BFSI and Healthcare sectors.

The global Voice Biometrics Market is forecasted to be worth USD 4.90 Billion by 2027, according to a new report by Emergen Research. The market is witnessing high demand owing to the rise in advancement in software and hardware. Rapid urbanization and adoption of digital technology in industries like Telecommunications and IT, BFSI, Government, and Defense will drive the demand for the voice biometric. The proliferation of digital devices in everyday activities has created a need for advanced protection solutions. 

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The Government sector is witnessing a significant demand for voice biometrics as most of the government are modernizing their facilities, which is creating a demand for the market. Moreover, the government uses biometric to maintain confidentiality in matters of internal affairs.

Key Market Competitors

The global Voice Biometrics industry is widely fragmented due to the presence of numerous competitors across several regional and local segments of the market. These players are said to dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies operating in this market are in high competition with one another in terms of technological capabilities, product development and innovation, and product pricing strategies.

Key participants include Verint, Nuance Communications, Pindrop, Acculab, NICE, Phonexia, Auraya, VoicePIN, LumenVox, and SESTEK, among others.

For the purpose of this report, Emergen Research has segmented into the global Voice Biometrics Market on the basis of component, type, application, organization size, deployment type, industry vertical, and region:

  • Component Outlook (Revenue, USD Billion; 2017-2027)
    • Software
    • Services
      1. Professional Services
        • Training and Education
        • Consulting
        • Support and Maintenance
        • Deployment and Integration
      2. Managed Services
    • Type Outlook (Revenue, USD Billion; 2017-2027)
      • Passive Voice Biometrics
      • Active Voice Biometrics
    • Application Outlook (Revenue, USD Billion; 2017-2027)
      • Fraud Detection and Prevention
      • Access Control and Authentication
      • Forensic Voice Analysis and Criminal Investigation
      • Other
    • Organization Size Outlook (Revenue, USD Billion; 2017-2027)
      • Large Enterprises
      • Small and Medium-Sized Enterprises
    • Deployment Type Outlook (Revenue, USD Billion; 2017-2027)
      • Cloud
      • On-Premises
    • Industry Vertical Outlook (Revenue, USD Billion; 2017-2027)
      • Retail and eCommerce
      • Government and Defense
      • Banking, Financial Services, and Insurance
      • Telecommunications and IT
      • Healthcare
      • Others

The Global Voice Biometrics Market can be geographically bifurcated on the basis of regional demand, output, and estimated revenue share. The most prominent regions dictating the global market include: 

  • North America (U.S., Canada, Mexico)
  • Europe (U.K., Germany, France, Italy)
  • Asia Pacific (China, Japan, India, Korea)
  • Latin America (Brazil, Argentina, Ecuador, Chile)
  • Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran)

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The following are the main reasons to buy the Global Voice Biometrics Market report:

  1. The latest report closely evaluates the overall market size and infers on various aspects, such as the current business trends, market share, product offerings, and product share.
  2. It offers a detailed account of the end-use applications of the products & services offered by this industry.
  3. It offers an insightful analysis of the various regional segments of the market that are projected to witness enormous growth over the forecast period.
  4. Furthermore, the report covers the latest developments taking place in the market and effective business strategies implemented by the leading market rivals.

The report considers the following market growth estimation timeline:

  1. Historical Years: 2017-2018
  2. Base Year: 2019
  3. Estimated Year: 2027
  4. Forecast Years: 2020-2027

Table of Content

Chapter 1. Methodology & Sources
    1.1. Market Definition
    1.2. Research Scope
    1.3. Methodology
    1.4. Research Sources
          1.4.1. Primary
          1.4.2. Secondary
          1.4.3. Paid Sources
    1.5. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Voice Biometrics Market Segmentation & Impact Analysis
    4.1. Voice Biometrics Market Material Segmentation Analysis
    4.2. Industrial Outlook
          4.2.1. Market indicators analysis
          4.2.2. Market drivers analysis
                    4.2.2.1. Increasing Demand for Robust Fraud Detection
                    4.2.2.2. Need for Reducing Authentication and Identification Costs
          4.2.3. Market restraints analysis
                    4.2.3.1. Security and Privacy Issues With New Advanced Technologies
    4.3. Technological Insights
    4.4. Regulatory Framework
    4.5. Porter’s Five Forces Analysis
    4.6. Competitive Metric Space Analysis
    4.7. Price trend Analysis
    4.8. Covid-19 Impact Analysis

Chapter 5. Voice Biometrics Market By Component Insights & Trends Revenue (USD Million)
    5.1. Component Dynamics & Market Share, 2019 & 2027
          5.1.1. Software
          5.1.2. Services
                    5.1.2.1. Professional Services
                                5.1.2.1.1. Training and Education
                                5.1.2.1.2. Consulting
                                5.1.2.1.3. Support and Maintenance
                                5.1.2.1.4. Deployment and Integration
                    5.1.2.2. Managed Services

Chapter 6. Voice Biometrics Market By Type Insights & Trends Revenue (USD Million)
    6.1. Type Dynamics & Market Share, 2019 & 2027
          6.1.1. Passive Voice Biometrics
          6.1.2. Active Voice Biometrics

CONTINUED…!!

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