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Market Snapshot

CAGR:7.54

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	7.54

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Report Overview

The Voice Biometrics Market is set for robust growth, projected to achieve a Compound Annual Growth Rate (CAGR) of 21.34% between 2022 and 2032. The market size is anticipated to expand by USD 3,456.78 million during this period. Voice biometrics technology, based on vocal characteristics, is enhancing security and convenience across various applications.

Voice Biometrics Market Overview:

Drivers:

The increasing demand for secure authentication and fraud prevention is a significant driver of the voice biometrics market. Voice biometrics offer a secure and user-friendly way to authenticate individuals, mitigating the risks associated with traditional password-based methods.

Furthermore, the adoption of voice assistants and voice-controlled devices is accelerating market growth. Voice biometrics enable seamless user experiences in these applications, allowing users to interact with technology using natural speech.

Trends:

Multimodal biometrics, combining voice with other biometric modalities, is a prominent trend shaping the market. Integrating voice biometrics with facial recognition or fingerprint scanning enhances authentication accuracy and security, reducing the chances of false positives.

Additionally, the integration of Artificial Intelligence (AI) and machine learning in voice biometrics solutions is gaining traction. AI-driven voice biometrics can adapt to users' changing voices over time and can identify unique patterns that are imperceptible to the human ear, improving accuracy and fraud prevention.

Restraints:

Challenges related to background noise and voice variability are restraining the voice biometrics market growth. Background noise can affect voice recognition accuracy, impacting the reliability of the technology in real-world environments. Moreover, changes in voice due to factors such as illness, fatigue, or emotional state can lead to false rejections or acceptances.

Furthermore, concerns related to data privacy and consent pose challenges. Collecting and processing individuals' voice data raise privacy concerns and necessitate stringent data protection measures.

Voice Biometrics Market Segmentation by Application: The "Authentication and Access Control" segment is expected to witness significant growth within the voice biometrics market. Voice biometrics provide a secure and convenient way to authenticate users for accessing accounts, devices, and applications.

Voice Biometrics Market Segmentation by Deployment Mode: The "Cloud-Based" deployment mode is anticipated to experience substantial growth. Cloud-based voice biometrics solutions offer scalability, flexibility, and easy integration with various applications and platforms.

Regional Overview:

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North America is projected to contribute significantly to the global voice biometrics market, accounting for 38% of the market's growth during the forecast period. The region's strong technology adoption, regulatory frameworks, and the presence of key industry players drive its leadership in the market.

Increasing concerns over identity theft and data breaches are propelling the adoption of secure authentication solutions like voice biometrics across various industries.

Voice Biometrics Market Customer Landscape: The report covers the customer adoption lifecycle, analyzing the factors influencing the adoption of voice biometrics solutions, from early adopters to more risk-averse users. It includes regional adoption trends and price sensitivity drivers, aiding companies in refining their growth strategies.

Major Voice Biometrics Market Companies: Companies within the voice biometrics market are employing various strategies, including partnerships, acquisitions, technological advancements, and privacy compliance, to strengthen their market presence.

Nuance Communications, Inc.: The company offers voice biometrics solutions for secure authentication and identity verification, enhancing user experiences across industries.
Verint Systems Inc.: Verint provides voice authentication and fraud prevention solutions, helping organizations enhance security and customer trust through voice-based verification.

The competitive landscape analysis includes insights into 10 key market players, including:

OneSpan Inc.
NICE Ltd.
ID R&D Inc.
Pindrop Security, Inc.
Auraya Systems Pty Ltd.
AGNITiO S.L.
LexisNexis Risk Solutions Inc.
Phonexia s.r.o.
Uniphore Software Systems Pvt. Ltd.

Segment Overview:

The voice biometrics market report forecasts revenue growth globally, regionally, and at the country level, providing analyses of trends and growth opportunities from 2019 to 2032.

Application Outlook (USD Million, 2019 - 2032)

Authentication and Access Control
Fraud Detection and Prevention
Voice Assistant and Voice-Enabled Devices
Forensic Voice Analysis
Others

Deployment Mode Outlook (USD Million, 2019 - 2032)

On-Premises
Cloud-Based

Geography Outlook (USD Million, 2019 - 2032)

North America

The U.S.
Canada

Europe

U.K.
Germany
France
Rest of Europe

APAC

China
India

South America

Brazil
Argentina
Chile

Middle East & Africa

Saudi Arabia
South Africa
Rest of the Middle East & Africa

TABLE OF CONTENTS: GLOBAL Voice Biometrics MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. Voice Biometrics MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Voice Biometrics Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.5.1. Power Of Suppliers

4.5.2. Power Of Buyers

4.5.3. Threat Of Substitutes

4.5.4. Threat Of New Entrants

4.5.5. Competitive Rivalry

Chapter 5. Voice Biometrics MARKET BY type landscape

SIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2 Active Biometrics

5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3 Passive Biometrics

5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. Voice Biometrics MARKET BY Enterprise size INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2 Large Enterprise

6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3 Small & Medium Enterprise

6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. Voice Biometrics MARKET REGIONAL OUTLOOK

7.1. Voice Biometrics Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

7.2.1. North America Voice Biometrics Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.2. North America Voice Biometrics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.3. North America Voice Biometrics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.4. North America Voice Biometrics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

7.2.5.1. U.S. Voice Biometrics Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.5.2. U.S. Voice Biometrics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.5.3. U.S. Voice Biometrics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.5.4. U.S. Voice Biometrics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

7.2.6.1. Canada Voice Biometrics Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.6.2. Canada Voice Biometrics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.6.3. Canada Voice Biometrics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.6.4. Canada Voice Biometrics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

7.3.1. Europe Voice Biometrics Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.2. Europe Voice Biometrics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.3. Europe Voice Biometrics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.4. Europe Voice Biometrics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

7.3.5.1. Germany Voice Biometrics Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.5.2. Germany Voice Biometrics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.5.3. Germany Voice Biometrics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.5.4. Germany Voice Biometrics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

7.3.6.1. France Voice Biometrics Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.6.2. France Voice Biometrics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.6.3. France Voice Biometrics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.6.4. France Voice Biometrics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

7.3.7.1. U.K. Voice Biometrics Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.7.2. U.K. Voice Biometrics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.7.3. U.K. Voice Biometrics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.7.4. U.K. Voice Biometrics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

7.4.1. Asia Pacific Voice Biometrics Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.2. Asia Pacific Voice Biometrics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.3. Asia Pacific Voice Biometrics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.4. Asia Pacific Voice Biometrics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.5. CHINA

7.4.5.1. China Voice Biometrics Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.5.2. China Voice Biometrics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.5.3. China Voice Biometrics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.5.4. China Voice Biometrics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

7.4.6.1. India Voice Biometrics Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.6.2. India Voice Biometrics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.6.3. India Voice Biometrics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.6.4. India Voice Biometrics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

7.4.7.1. Japan Voice Biometrics Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.7.2. Japan Voice Biometrics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.7.3. Japan Voice Biometrics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.7.4. Japan Voice Biometrics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

7.4.8.1. Australia Voice Biometrics Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.8.2. Australia Voice Biometrics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.8.3. Australia Voice Biometrics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.8.4. Australia Voice Biometrics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

7.5.1. Mea Voice Biometrics Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.5.2. Mea Voice Biometrics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.5.3. Mea Voice Biometrics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.5.4. Mea Voice Biometrics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

7.6.1. Latin America Voice Biometrics Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.6.2. Latin America Voice Biometrics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.6.3. Latin America Voice Biometrics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.6.4. Latin America Voice Biometrics Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

7.6.5. Latin America Voice Biometrics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

8.2.1. New Product Launches

8.2.2. Investment & Expansion

8.2.3. Acquisitions

8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

8.3.1. North American Suppliers

8.3.2. European Suppliers

8.3.3. Asia-Pacific Suppliers

8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1 Nuance Communications

9.1.1. Company Overview

9.1.2. Financial Performance

9.1.3. Product Insights

9.1.4. Strategic Initiatives

9.2 Verint Systems

9.2.1. Company Overview

9.2.2. Financial Performance

9.2.3. Product Insights

9.2.4. Strategic Initiatives

9.3 NICE Ltd

9.3.1. Company Overview

9.3.2. Financial Performance

9.3.3. Product Insights

9.3.4. Strategic Initiatives

9.4 Pindrop Security Inc

9.4.1. Company Overview

9.4.2. Financial Performance

9.4.3. Product Insights

9.4.4. Strategic Initiatives

9.5 Aimbrain Solutions Ltd

9.5.1. Company Overview

9.5.2. Financial Performance

9.5.3. Product Insights

9.5.4. Strategic Initiatives

9.6 Company 6

9.6.1. Company Overview

9.6.2. Financial Performance

9.6.3. Product Insights

9.6.4. Strategic Initiatives

9.7 Company 7

9.7.1. Company Overview

9.7.2. Financial Performance

9.7.3. Product Insights

9.7.4. Strategic Initiatives

9.8 Company 8

9.8.1. Company Overview

9.8.2. Financial Performance

9.8.3. Product Insights

9.8.4. Strategic Initiatives

9.9 Company 9

9.9.1. Company Overview

9.9.2. Financial Performance

9.9.3. Product Insights

9.9.4. Strategic Initiatives

9.10 Company 10

9.10.1. Company Overview

9.10.2. Financial Performance

9.10.3. Product Insights

9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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Voice Biometrics Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032