Voice Biometrics Market Business Scenario Analysis By Global Industry Trend, Share, Sales Revenue
- elizabethsanchez28
- Aug 26, 2021
- 4 min read
The global Voice Biometrics Market is forecasted to be worth USD 4.90 Billion by 2027, according to a new report by Emergen Research. Voice biometric is gaining traction owing to the high level of security they provide. They can be deployed in the mobile application as they provide safe authentication by means of a spoken password or passphrase. Voice biometric uses pitch, speech, range, and voice quality of a particular individual to permit usage.
The growing incidence of complex cyber-attacks is creating a need for a stronger defense system. Moreover, the emergence of innovative technology such as machine learning, artificial intelligence, data analytics, cloud computing will provide the market for voice biometric with growth opportunities. This technology is applicable in access security, forensic voice analysis, payments, and others. The growing importance of secrecy and confidentiality is driving the demand for the voice biometrics market.
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Key Highlights From The Report
· Large Enterprises are rapidly adopting biometric voice technology as they recognize the importance of technology. Several BFSI giants have started to deploy in their security infrastructure as they deem it necessary.
· 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.
· North America held the largest market share of voice biometrics. The region is prone to several sophisticated cyber-attacks owing to the presence of influential financial sectors, tech companies, and the profitable telecommunication industry. There is a high demand for efficient technology for the protection of their data and financial information.
· 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)
o Software
o Services
1. Professional Services
§ Training and Education
§ Consulting
§ Support and Maintenance
§ Deployment and Integration
2. Managed Services
· Type Outlook (Revenue, USD Billion; 2017-2027)
o Passive Voice Biometrics
o Active Voice Biometrics
· Application Outlook (Revenue, USD Billion; 2017-2027)
o Fraud Detection and Prevention
o Access Control and Authentication
o Forensic Voice Analysis and Criminal Investigation
o Other
· Organization Size Outlook (Revenue, USD Billion; 2017-2027)
o Large Enterprises
o Small and Medium-Sized Enterprises
· Deployment Type Outlook (Revenue, USD Billion; 2017-2027)
o Cloud
o On-Premises
· Industry Vertical Outlook (Revenue, USD Billion; 2017-2027)
o Retail and eCommerce
o Government and Defense
o Banking, Financial Services, and Insurance
o Telecommunications and IT
o Healthcare
o Others
The report begins with basic information about the market, such as definitions, applications, classifications, value chain analysis, among others, to facilitate a better understanding among the readers. The market offers a panoramic view of the industry through a thorough analysis of the key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Detailed Analysis of the Regions of the Voice Biometrics Market Include Regions such as:
· North America (U.S., Canada)
· Europe (U.K., Italy, Germany, France, Rest of EU)
· Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
· Latin America (Chile, Brazil, Argentina, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key points covered in the report:
· The report provides the reader with a detailed study of the global Voice Biometrics market, including essential data beneficial for business.
· The prominent factors driving and restraining market growth, latest product trends, and technological advancements have been extensively discussed by the authors of the report.
· A broad market categorization, based on product type, application gamut, and end-user landscape, has been included in the report.
· It further entails the latest product development, incorporation of new techniques, and profiles of major competitors in the market.
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
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