Voice Biometrics Market – By Technology (AI-based and Non-AI based), By Vertical (BFSI, Automotive, Government, Healthcare, Military, and Education), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Published Date: 08-Jun-2021 Category: Technology & Media Report Format : PDF Pages: 150 Report Code: ZMR-6367 Status : Published

The global Voice Biometrics market, which was estimated at about 1.11 (USD Billion) in 2019 and is predicted to accrue earnings worth 4.1 (USD Billion) by 2026, is set to record a CAGR of nearly over 20.3% during 2020-2026.

Description

The global Voice Biometrics market, which was estimated at about 1.11 (USD Billion) in 2019 and is predicted to accrue earnings worth 4.1 (USD Billion) by 2026, is set to record a CAGR of nearly over 20.3% during 2020-2026. The report offers valuation and analysis of Voice Biometrics market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on value (USD Billion).

Report Scope :

 

Voice Biometrics Market: Synopsis

Voice biometrics makes use of person’s voice for identifying his/her unique biological features along with authenticating them. Additionally, voice biometrics enhances end-user experience through offering of seamless services. Cost-effectiveness, accuracy, and security are some of the major features of voice biometrics that has made voice biometrics most popular across the world. Breakthroughs in machine learning and computations has made it possible for innovating new methods of customer authentication and voice biometrics is one of them.    

Voice Biometrics Market: Growth Drivers

Large-scale application of voice biometrics in IVR-driven banking systems, medical research, telecom, online education, law enforcement, and emergency services will steer the expansion of voice biometrics industry over the forecast timeframe. In addition to this, escalating need for fraud detection in BFSI coupled with requirement of reducing identification charges will steer voice biometrics market size over 2020-2026. Rise in data thefts and fraud activities with onset of digitization has resulted in massive penetration of voice biometrics in various industries. Apparently, voice biometrics has penetrated the domains such as defense & military, personal computing, and healthcare. This is likely to perpetuate the expansion of voice biometrics industry over the predicted timespan.

Regional Landscape

Asia Pacific Market To Register Highest Gains Over 2020-2026

The regional market growth over the assessment period can be credited to swift digitization witnessed in BFSI, retail, and IT & Telecom sectors in emerging economies such as India and China. In addition to this, large numbers of firms are making use of voice biometrics to ensure security of their premises as well as avoid identity as well as data thefts in order to avoid huge fiscal losses. Apparently, need for avoiding criminal activities and enforcing strict security measures as well as ensuring the safety of premises has forced the firms prioritize the use of voice biometrics as a vital authentication tool for visitors & staff, thereby prompting the increment in the regional market size.

Competitive Landscape

Key participants profiled in the study include SayPay Technologies INC., Agnito SL, VoiceTrust Ag, American Safety Council Inc., MASYS Technology, Nuance Communications, SpeechPro, ValidSoft, National Security Resources, VoiceVault, Uniphore, Voice Security Systems, and Boid Ag.

The global Voice Biometrics Market is segmented as follows:

By Vertical:

  • BFSI
  • Automotive
  • Government
  • Healthcare
  • Military
  • Education

By Type:

  • AI-Based
  • Non-AI-Based

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodulogy
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodulogy
  • Chapter 2. Executive Summary
    • 2.1. Voice Biometrics Market, 2016–2026 (USD Billion)
    • 2.2. Voice Biometrics Market: Snapshot
  • Chapter 3. Global Voice Biometrics Market– Industry Analysis
    • 3.1. Voice Biometrics Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Large-scale application of voice biometrics in IVR-driven banking systems, medical research, telecom, online education, law enforcement, and emergency services will steer the expansion of voice biometrics industry over the forecast timeframe.
      • 3.2.2. Escalating need for fraud detection in BFSI coupled with requirement of reducing identification charges will steer voice biometrics market size over 2020-2026.
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Vertical
      • 3.4.2. Market attractiveness analysis By Type
  • Chapter 4. Global Voice Biometrics Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Voice Biometrics Market: company market share, 2018
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Technulogy launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Voice Biometrics Market– Vertical Analysis
    • 5.1. Global Voice Biometrics Market overview: By Vertical
      • 5.1.1. Global Voice Biometrics Market share, By Vertical , 2019 and 2026
    • 5.2. Automotive
      • 5.2.1. Global Voice Biometrics Market By Automotive, 2016–2026 (USD Billion)
    • 5.3. BFSI
      • 5.3.1. Global Voice Biometrics Market By BFSI, 2016–2026 (USD Billion)
    • 5.4. Government
      • 5.4.1. Global Voice Biometrics Market By Government, 2016–2026 (USD Billion)
    • 5.5. Healthcare
      • 5.5.1. Global Voice Biometrics Market By Healthcare, 2016–2026 (USD Billion)
    • 5.6. Military
      • 5.6.1. Global Voice Biometrics Market By Military, 2016–2026 (USD Billion)
    • 5.7. Education
      • 5.7.1. Global Voice Biometrics Market By Education, 2016–2026 (USD Billion)
  • Chapter 6. Global Voice Biometrics Market– Type Analysis
    • 6.1. Global Voice Biometrics Market overview: By Type
      • 6.1.1. Global Voice Biometrics Market share, By Type, 2019 and 2026
    • 6.2. AI-Based
      • 6.2.1. Global Voice Biometrics Market By AI-Based , 2016–2026 (USD Billion)
    • 6.3. Non-AI-Based
      • 6.3.1. Global Voice Biometrics Market By Non-AI-Based, 2016–2026 (USD Billion)
  • Chapter 7. Company Profiles
    • 7.1. SayPay Technulogies INC.
      • 7.1.1. Overview
      • 7.1.2. Financials
      • 7.1.3. Technulogy Portfulio
      • 7.1.4. Business Strategy
      • 7.1.5. Recent Developments
    • 7.2. Agnito SL
      • 7.2.1. Overview
      • 7.2.2. Financials
      • 7.2.3. Technulogy Portfulio
      • 7.2.4. Business Strategy
      • 7.2.5. Recent Developments
    • 7.3. VoiceTrust Ag
      • 7.3.1. Overview
      • 7.3.2. Financials
      • 7.3.3. Technulogy Portfulio
      • 7.3.4. Business Strategy
      • 7.3.5. Recent Developments
    • 7.4. American Safety Council Inc.
      • 7.4.1. Overview
      • 7.4.2. Financials
      • 7.4.3. Technulogy Portfulio
      • 7.4.4. Business Strategy
      • 7.4.5. Recent Developments
    • 7.5. MASYS Technulogy
      • 7.5.1. Overview
      • 7.5.2. Financials
      • 7.5.3. Technulogy Portfulio
      • 7.5.4. Business Strategy
      • 7.5.5. Recent Development
    • 7.6. Nuance Communications
      • 7.6.1. Overview
      • 7.6.2. Financials
      • 7.6.3. Technulogy Portfulio
      • 7.6.4. Business Strategy
      • 7.6.5. Recent Development
    • 7.7. SpeechPro
      • 7.7.1. Overview
      • 7.7.2. Financials
      • 7.7.3. Technulogy Portfulio
      • 7.7.4. Business Strategy
      • 7.7.5. Recent Development
    • 7.8. National Security Resources
      • 7.8.1. Overview
      • 7.8.2. Financials
      • 7.8.3. Technulogy Portfulio
      • 7.8.4. Business Strategy
      • 7.8.5. Recent Development
    • 7.9. VoiceVault
      • 7.9.1. Overview
      • 7.9.2. Financials
      • 7.9.3. Technulogy Portfulio
      • 7.9.4. Business Strategy
      • 7.9.5. Recent Development
    • 7.10. Uniphore
      • 7.10.1. Overview
      • 7.10.2. Financials
      • 7.10.3. Technulogy Portfulio
      • 7.10.4. Business Strategy
      • 7.10.5. Recent Development
    • 7.11. Voice Security Systems
      • 7.11.1. Overview
      • 7.11.2. Financials
      • 7.11.3. Technulogy Portfulio
      • 7.11.4. Business Strategy
      • 7.11.5. Recent Development
    • 7.12. Boid Ag
      • 7.12.1. Overview
      • 7.12.2. Financials
      • 7.12.3. Technulogy Portfulio
      • 7.12.4. Business Strategy
      • 7.12.5. Recent Development

Methodology


Frequently Asked Questions

Large-scale application of voice biometrics in IVR-driven banking systems, medical research, telecom, online education, law enforcement, and emergency services will steer the expansion of voice biometrics industry over the forecast timeframe. In addition to this, escalating need for fraud detection in BFSI coupled with requirement of reducing identification charges will steer voice biometrics market size over 2020-2026. Rise in data thefts and fraud activities with onset of digitization has resulted in massive penetration of voice biometrics in various industries. Apparently, voice biometrics has penetrated the domains such as defense & military, personal computing, and healthcare. This is likely to perpetuate the expansion of voice biometrics industry over the predicted timespan.

According to Zion Market Research report, the global Voice Biometrics market, which was estimated at about 1.11 (USD Billion) in 2019 and is predicted to accrue earnings worth 4.1 (USD Billion) by 2026, is set to record a CAGR of nearly over 20.3% during 2020-2026.  

Asia Pacific is likely to make noteworthy contributions towards overall market revenue during 2020-2026. The growth of the industry in the sub-continent over the estimated timespan is attributed to swift digitization witnessed in BFSI, retail, and IT & Telecom sectors in emerging economies such as India and China. In addition to this, large numbers of firms are making use of voice biometrics to ensure security of their premises as well as avoid identity as well as data thefts in order to avoid huge fiscal losses. Apparently, need for avoiding criminal activities and enforcing strict security measures as well as ensuring the safety of premises has forced the firms prioritize the use of voice biometrics as a vital authentication tool for visitors & staff, thereby prompting the increment in the regional market size.  

The key players profiled in the report include are SayPay Technologies INC., Agnito SL, VoiceTrust Ag, American Safety Council Inc., MASYS Technology, Nuance Communications, SpeechPro, ValidSoft, National Security Resources, VoiceVault, Uniphore, Voice Security Systems, and Boid Ag.
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