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Global Voice Biometrics Market Size study, by Component (Hardware, Software), by Application (Automotive, Banking, Financial Service, and Insurance, Government Agency, Healthcare Industry, Mobile devices, Others) and Regional Forecasts 2020-2027

March 2021 | 200 pages | ID: GE55359E436EEN
Bizwit Research & Consulting LLP

US$ 4,950.00

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Global Voice Biometrics Market is valued at approximately USD 0.9 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 22.9% over the forecast period 2020-2027. Voice biometrics is usually used utilized for speech recognition via analysis of an individual voice, pitch, speech, and tone. In terms of security, voice biometric has an extensive advantage in comparison to passwords, as they can be simply hacked or tracked, although voice of an individual is mostly being distinctive and unique as a fingerprint. Thus, the voice biometric technology is gaining a significant traction in a range of industrial application all over the world. Moreover, increasing demand for an intelligent virtual assistant (IVA) and smart speakers with voice capabilities, aided with surging need to minimize identification and authentication costs are the few factors responsible for the high CAGR of the market during the forecast period. For instance, as per the journal of Department of Ministry of Corporate Affairs (MCA) in 2019, the use of virtual assistants with speech recognition capabilities is projected to increase from 60.5 million people in the U.S. in 2017 to 62.4 million in 2018. Also, about 66.6 million Americans are likely to use speech or voice recognition technology by 2019. Recently, various technology companies are identifying interests in speech recognition technologies and voice recognition as a standard for most products, for example, Amazon’s Alexa is on Echo, Apple’s Siri is on HomePod, Google Assistant is on Google Home, and Microsoft’s Cortana is on Invoke. As a result, many market players are integrating new technologies and innovation in their voice technology for the improving safety and security of their products. For example, as per the Department of MCA, in 2017, the word error rate for Microsoft’s voice technology has been recorded at 5.1% by the company, while Google reports that it has reduced its rate to 4.9%. This, in turn, is likely to strengthen the demand for voice biometrics, thereby contributing to the market growth around the world. However, the low cybersecurity budgets, along with the high installation costs of the products are the prime factors restraining the market growth over the forecast period of 2020-2027.

The regional analysis of the global Voice Biometrics market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rising implementation of voice biometrics technology in banking and financial service sector, along with the presence of a large number of market vendors in the region. Whereas Asia-Pacific is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the growing application of voice biometrics in automotive sector, along with rapid growth of industrialization and urbanization in the developing nations, such as China and India, are the few factors creating a lucrative opportunity for the growth of the voice biometrics market in the Asia-Pacific region.

Major market player included in this report are:
Nuance Communications
NICE Systems Ltd.
Verint Systems
Pindrop Security
LexisNexis Risk Solutions
Phonexia S.R.O.
Aculab
Auraya Systems
Speech Technology Center
LumenVox

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component:
Hardware
Software

By Application:
Automotive
Banking, Financial Service, and Insurance
Government Agency
Healthcare Industry
Mobile devices
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Voice Biometrics Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
  1.2.1. Voice Biometrics Market, by Region, 2018-2027 (USD Billion)
  1.2.2. Voice Biometrics Market, by Component, 2018-2027 (USD Billion)
  1.2.3. Voice Biometrics Market, by Application, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL VOICE BIOMETRICS MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Scope of the Study
  2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL VOICE BIOMETRICS MARKET DYNAMICS

3.1. Voice Biometrics Market Impact Analysis (2018-2027)
  3.1.1. Market Drivers
  3.1.2. Market Challenges
  3.1.3. Market Opportunities

CHAPTER 4. GLOBAL VOICE BIOMETRICS MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL VOICE BIOMETRICS MARKET, BY COMPONENT

5.1. Market Snapshot
5.2. Global Voice Biometrics Market by Component, Performance - Potential Analysis
5.3. Global Voice Biometrics Market Estimates & Forecasts by Component 2017-2027 (USD Billion)
5.4. Voice Biometrics Market, Sub Segment Analysis
  5.4.1. Hardware
  5.4.2. Software

CHAPTER 6. GLOBAL VOICE BIOMETRICS MARKET, BY APPLICATION

6.1. Market Snapshot
6.2. Global Voice Biometrics Market by Application, Performance - Potential Analysis
6.3. Global Voice Biometrics Market Estimates & Forecasts by Application 2017-2027 (USD Billion)
6.4. Voice Biometrics Market, Sub Segment Analysis
  6.4.1. Automotive
  6.4.2. Banking, Financial Service, and Insurance
  6.4.3. Government Agency
  6.4.4. Healthcare Industry
  6.4.5. Mobile devices
  6.4.6. Others

CHAPTER 7. GLOBAL VOICE BIOMETRICS MARKET, REGIONAL ANALYSIS

7.1. Voice Biometrics Market, Regional Market Snapshot
7.2. North America Voice Biometrics Market
  7.2.1. U.S. Voice Biometrics Market
    7.2.1.1. Component breakdown estimates & forecasts, 2017-2027
    7.2.1.2. Application breakdown estimates & forecasts, 2017-2027
  7.2.2. Canada Voice Biometrics Market
7.3. Europe Voice Biometrics Market Snapshot
  7.3.1. U.K. Voice Biometrics Market
  7.3.2. Germany Voice Biometrics Market
  7.3.3. France Voice Biometrics Market
  7.3.4. Spain Voice Biometrics Market
  7.3.5. Italy Voice Biometrics Market
  7.3.6. Rest of Europe Voice Biometrics Market
7.4. Asia-Pacific Voice Biometrics Market Snapshot
  7.4.1. China Voice Biometrics Market
  7.4.2. India Voice Biometrics Market
  7.4.3. Japan Voice Biometrics Market
  7.4.4. Australia Voice Biometrics Market
  7.4.5. South Korea Voice Biometrics Market
  7.4.6. Rest of Asia Pacific Voice Biometrics Market
7.5. Latin America Voice Biometrics Market Snapshot
  7.5.1. Brazil Voice Biometrics Market
  7.5.2. Mexico Voice Biometrics Market
7.6. Rest of The World Voice Biometrics Market

CHAPTER 8. COMPETITIVE INTELLIGENCE

8.1. Top Market Strategies
8.2. Company Profiles
  8.2.1. Nuance Communications
    8.2.1.1. Key Information
    8.2.1.2. Overview
    8.2.1.3. Financial (Subject to Data Availability)
    8.2.1.4. Product Summary
    8.2.1.5. Recent Developments
  8.2.2. NICE Systems Ltd.
  8.2.3. Verint Systems
  8.2.4. Pindrop Security
  8.2.5. LexisNexis Risk Solutions
  8.2.6. Phonexia S.R.O.
  8.2.7. Aculab
  8.2.8. Auraya Systems
  8.2.9. Speech Technology Center
  8.2.10. LumenVox

CHAPTER 9. RESEARCH PROCESS

9.1. Research Process
  9.1.1. Data Mining
  9.1.2. Analysis
  9.1.3. Market Estimation
  9.1.4. Validation
  9.1.5. Publishing
9.2. Research Attributes
Research Assumption
LIST OF TABLES

TABLE 1. Global Voice Biometrics market, report scope
TABLE 2. Global Voice Biometrics market estimates & forecasts by region 2017-2027 (USD Billion)
TABLE 3. Global Voice Biometrics market estimates & forecasts by Component 2017-2027 (USD Billion)
TABLE 4. Global Voice Biometrics market estimates & forecasts by Application 2017-2027 (USD Billion)
TABLE 5. Global Voice Biometrics market by segment, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 6. Global Voice Biometrics market by region, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 7. Global Voice Biometrics market by segment, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 8. Global Voice Biometrics market by region, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 9. Global Voice Biometrics market by segment, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 10. Global Voice Biometrics market by region, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 11. Global Voice Biometrics market by segment, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 12. Global Voice Biometrics market by region, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 13. Global Voice Biometrics market by segment, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 14. Global Voice Biometrics market by region, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 15. Global Voice Biometrics market by segment, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 16. Global Voice Biometrics market by region, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 17. Global Voice Biometrics market by segment, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 18. Global Voice Biometrics market by region, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 19. Global Voice Biometrics market by segment, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 20. Global Voice Biometrics market by region, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 21. U.S. Voice Biometrics market estimates & forecasts, 2017-2027 (USD Billion)
TABLE 22. U.S. Voice Biometrics market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 23. U.S. Voice Biometrics market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 24. Canada Voice Biometrics market estimates & forecasts, 2017-2027 (USD Billion)
TABLE 25. Canada Voice Biometrics market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 26. Canada Voice Biometrics market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 27. UK Voice Biometrics market estimates & forecasts, 2017-2027 (USD Billion)
TABLE 28. UK Voice Biometrics market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 29. UK Voice Biometrics market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 30. Germany Voice Biometrics market estimates & forecasts, 2017-2027 (USD Billion)
TABLE 31. Germany Voice Biometrics market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 32. Germany Voice Biometrics market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 33. France Voice Biometrics market estimates & forecasts, 2017-2027 (USD Billion)
TABLE 34. France Voice Biometrics market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 35. France Voice Biometrics market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 36. Spain Voice Biometrics market estimates & forecasts, 2017-2027 (USD Billion)
TABLE 37. Spain Voice Biometrics market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 38. Spain Voice Biometrics market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 39. Italy Voice Biometrics market estimates & forecasts, 2017-2027 (USD Billion)
TABLE 40. Italy Voice Biometrics market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 41. Italy Voice Biometrics market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 42. ROE Voice Biometrics market estimates & forecasts, 2017-2027 (USD Billion)
TABLE 43. ROE Voice Biometrics market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 44. ROE Voice Biometrics market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 45. China Voice Biometrics market estimates & forecasts, 2017-2027 (USD Billion)
TABLE 46. China Voice Biometrics market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 47. China Voice Biometrics market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 48. India Voice Biometrics market estimates & forecasts, 2017-2027 (USD Billion)
TABLE 49. India Voice Biometrics market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 50. India Voice Biometrics market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 51. Japan Voice Biometrics market estimates & forecasts, 2017-2027 (USD Billion)
TABLE 52. Japan Voice Biometrics market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 53. Japan Voice Biometrics market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 54. Australia Voice Biometrics market estimates & forecasts, 2017-2027 (USD Billion)
TABLE 55. Australia Voice Biometrics market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 56. Australia Voice Biometrics market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 57. South Korea Voice Biometrics market estimates & forecasts, 2017-2027 (USD Billion)
TABLE 58. South Korea Voice Biometrics market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 59. South Korea Voice Biometrics market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 60. ROPAC Voice Biometrics market estimates & forecasts, 2017-2027 (USD Billion)
TABLE 61. ROPAC Voice Biometrics market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 62. ROPAC Voice Biometrics market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 63. Brazil Voice Biometrics market estimates & forecasts, 2017-2027 (USD Billion)
TABLE 64. Brazil Voice Biometrics market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 65. Brazil Voice Biometrics market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 66. Mexico Voice Biometrics market estimates & forecasts, 2017-2027 (USD Billion)
TABLE 67. Mexico Voice Biometrics market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 68. Mexico Voice Biometrics market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 69. ROLA Voice Biometrics market estimates & forecasts, 2017-2027 (USD Billion)
TABLE 70. ROLA Voice Biometrics market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 71. ROLA Voice Biometrics market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 72. ROW Voice Biometrics market estimates & forecasts, 2017-2027 (USD Billion)
TABLE 73. ROW Voice Biometrics market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 74. ROW Voice Biometrics market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 75. List of secondary sources, used in the study of global Voice Biometrics market
TABLE 76. List of primary sources, used in the study of global Voice Biometrics market
TABLE 77. Years considered for the study
TABLE 78. Exchange rates considered
LIST OF FIGURES

FIG 1. Global Voice Biometrics market, research methodology
FIG 2. Global Voice Biometrics market, market estimation techniques
FIG 3. Global market size estimates & forecast methods
FIG 4. Global Voice Biometrics market, key trends 2019
FIG 5. Global Voice Biometrics market, growth prospects 2020-2027
FIG 6. Global Voice Biometrics market, porters 5 force model
FIG 7. Global Voice Biometrics market, pest analysis
FIG 8. Global Voice Biometrics market, value chain analysis
FIG 9. Global Voice Biometrics market by segment, 2017 & 2027 (USD Billion)
FIG 10. Global Voice Biometrics market by segment, 2017 & 2027 (USD Billion)
FIG 11. Global Voice Biometrics market by segment, 2017 & 2027 (USD Billion)
FIG 12. Global Voice Biometrics market by segment, 2017 & 2027 (USD Billion)
FIG 13. Global Voice Biometrics market by segment, 2017 & 2027 (USD Billion)
FIG 14. Global Voice Biometrics market by segment, 2017 & 2027 (USD Billion)
FIG 15. Global Voice Biometrics market by segment, 2017 & 2027 (USD Billion)
FIG 16. Global Voice Biometrics market by segment, 2017 & 2027 (USD Billion)
FIG 17. Global Voice Biometrics market, regional snapshot 2017 & 2027
FIG 18. North America Voice Biometrics market 2017 & 2027 (USD Billion)
FIG 19. Europe Voice Biometrics market 2017 & 2027 (USD Billion)
FIG 20. Asia-Pacific Voice Biometrics market 2017 & 2027 (USD Billion)
FIG 21. Latin America Voice Biometrics market 2017 & 2027 (USD Billion)
FIG 22. Global Voice Biometrics market, company market share analysis (2019)


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