EUR USD GBP
+353-1-416-8900REST OF WORLD
1-800-526-8630U.S. (TOLL FREE)

Global Voice Recognition Biometrics Market 2017-2021

  • ID: 4032429
  • Report
  • December 2016
  • Region: Global
  • 75 pages
  • TechNavio
1 of 5

FEATURED COMPANIES

  • AGNITIO
  • M2SYS Technology
  • OneVault
  • Sensiple
  • SpeechPro
  • Uniphore
  • MORE
 
One Hour Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

About Voice Recognition Biometrics
Voice recognition biometrics digitizes an individual's voice to match it against a stored voiceprint template. Acoustic features of an individual's voice such as pitch, cadence, and tone are compared to distinguish between individual voices. Voice verification systems require minimal hardware installation, as most PCs already have a microphone and can authenticate individuals remotely for different transactions. Voice recognition biometrics are most likely to be deployed in telephone-based environments.

Analysts forecast the global voice recognition biometrics market to grow at a CAGR of 19.36% during the period 2017-2021.

Covered in this Report:

The report covers the present scenario and the growth prospects of the global voice recognition biometrics market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of voice recognition biometrics including voice receivers, voice recorders, modulators, voice recognition biometrics analyzing software, and databases. Report has also considered the revenue generated from hardware, software, and integrated voice recognition biometric solutions.

The Market is Divided Into the Following Segments Based on Geography:

APAC
Europe
North America
South America
MEA

Global Voice Recognition Biometrics Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.

The report also includes a a discussion of the key vendors operating in this market.

Key Vendors:

AGNITIO
Nuance Communications
VoiceTrust
VoiceVault

Other Prominent Vendors:

Auraya Systems
M2SYS Technology
OneVault
VoiceIt Technologies
SayPay Technologies
Sensiple
Sensory
SpeechPro
SPITCH
VoicePIN.com
Uniphore
ValidSoft
Voice Biometrics Group (VBG)
Market Drivers:

Rising prominence of voice recognition biometrics in BFSI sector
For a full, detailed list, view the full report

Market Challenges:

Lack of accuracy
For a full, detailed list, view the full report

Market Trends:

Introduction of voice recognition biometrics in automotive sector
For a full, detailed list, view the full report

Key Questions Answered in this Report:
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
READ MORE
Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • AGNITIO
  • M2SYS Technology
  • OneVault
  • Sensiple
  • SpeechPro
  • Uniphore
  • MORE
 
One Hour Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

Part 01: Executive summary

Part 02: Scope of the report
Definition of biometrics
Estimation of market
Segmentation
Vendors
Summation errors
Target audience
Recommended readings
Major-vendor offerings

Part 03: Market research methodology
Research methodology
Economic indicators

Part 04: Introduction
Key market highlights
Advantages and disadvantages of voice recognition biometrics

Part 05: Workflow of voice recognition biometrics
Workflow of voice recognition biometrics
Security vulnerability by authentication methods

Part 06: Applications of voice recognition biometrics
VISA
eBay
Personal devices
Parking garages

Part 07: Security issues with voice recognition biometrics
Security risks with voice recognition biometrics
Mitigating voice recognition biometrics risks

Part 08: Major developments
Emergence of cloud biometrics
Increasing use of NFC-based payments using voice recognition biometrics

Part 09: Market landscape
Share of voice recognition biometrics in global biometrics market
Global voice recognition biometrics market

Part 10: Market segmentation by end-user
Global voice recognition biometrics market by end-users
Global voice recognition biometrics market by end-user

Part 11: Geographical segmentation
Global voice recognition biometrics market segmentation by geography
Global voice recognition biometrics market segmentation by geography (revenue)

Part 12: Buying criteria

Part 13: Market drivers
Rising prominence of voice recognition biometrics in BFSI sector
Increased adoption in healthcare sector
Popularity of voice recognition among law enforcement

Part 14: Impact of drivers

Part 15: Market challenges
Lack of accuracy
Lack of standardization
Vulnerability of biometric systems

Part 16: Impact of drivers and challenges

Part 17: Market trends
Introduction of voice recognition biometrics in automotive sector
Introduction of voice recognition in multimodal biometrics
Introduction of voice recognition biometrics in wearables

Part 18: Five forces model

Part 19: Vendor landscape
Competitive scenario
Vendor matrix
Competitive rating
Vendor highlights
Key Partnerships
Other prominent vendors

Part 20: Major vendor profiles
AGNITIO
Nuance Communications
VoiceTrust
VoiceVault

Part 21: Extras

List of Exhibits
Exhibit 01: Major countries considered
Exhibit 02: Product offerings
Exhibit 03: Comparison of biometrics technologies
Exhibit 04: Workflow of voice recognition biometrics
Exhibit 05: Comparative view
Exhibit 06: Share of voice recognition biometrics in global biometrics market 2016-2021 (% share)
Exhibit 07: Global voice recognition biometrics market 2016-2021 ($ billions)
Exhibit 08: Global voice recognition biometrics market by end-user 2016-2021 (% share)
Exhibit 09: Global voice recognition biometrics market by end-user 2016-2021 ($ billion)
Exhibit 10: Global voice recognition biometrics market by geography 2016-2021 (% share)
Exhibit 11: Global voice recognition biometrics market segmentation by geography 2016-2021 ($ billions)
Exhibit 12: Buying criteria for voice recognition biometrics
Exhibit 13: Impact of drivers
Exhibit 14: Impact of drivers and challenges
Exhibit 15: Five forces model
Exhibit 16: Major mergers and acquisitions in global voice recognition biometrics market
Exhibit 17: Vendor matrix
Exhibit 18: Competitive rating
Exhibit 19: Vendor key news
Exhibit 20: Key Partnerships
Exhibit 21: Other prominent vendors
Note: Product cover images may vary from those shown
3 of 5

FEATURED COMPANIES

  • AGNITIO
  • M2SYS Technology
  • OneVault
  • Sensiple
  • SpeechPro
  • Uniphore
  • MORE
 
One Hour Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

Global Voice Recognition Biometrics Market 2017-2021

Key players in the global voice recognition biometrics market: AGNITIO, Nuance Communications, VoiceTrust, and VoiceVault.

Other Prominent Vendors in the market are: Auraya Systems, M2SYS Technology, OneVault, VoiceIt Technologies, SayPay Technologies, Sensiple, Sensory, SpeechPro, SPITCH, VoicePIN.com, Uniphore, ValidSoft, and Voice Biometrics Group (VBG).

Commenting on the report, an analyst said: “The latest trend gaining momentum in the market is introduction of voice recognition biometrics in automotive sector. Voice recognition biometrics is gaining traction in the automotive industry as it is convenient and affordable. Advances in technology have led to a rise in the adoption of connected cars equipped with the Internet and wireless services that connect the automobile remotely. They also help with navigation, infotainment, telematics, roadside assistance, video transmission, tracking stolen vehicles, and making automated calls during emergencies.”

According to the report, one of the major drivers for this market is rising prominence of voice recognition biometrics in BFSI sector. The BFSI sector is increasingly focusing on providing the highest level of security to customers without compromising on convenience. The payments and card industry (PCI) has been digitally transformed with the changing consumer preferences and introduction of new payment methods such as PIN cards, mobile wallets, and EMV chips. With advances in technology, the number of fraud and forgeries are also increasing, highlighting the need for a solution that is difficult to duplicate.

Further, the report states that one of the major factors hindering the growth of this market is lack of accuracy. Voice recognition biometrics as a substitute for personal identification numbers(PINs) and passwords acts as a passcode for end-users to access different information. Variability in the voice of an end-user can prevent him/her from gaining access to his/her own secure information. There is a possibility that voiceprints may have accuracy issues due to change in voice intonations, throat problems, and aging. Environmental factors and background noise can also lead to voice distortion, which can result in an inaccurate match in the database.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
4 of 5
 
One Hour Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

  • AGNITIO
  • Nuance Communications
  • VoiceTrust
  • VoiceVault
  • Auraya Systems
  • M2SYS Technology
  • OneVault
  • VoiceIt Technologies
  • SayPay Technologies
  • Sensiple
  • Sensory
  • SpeechPro
  • SPITCH
  • VoicePIN.com
  • Uniphore
  • ValidSoft
  • Voice Biometrics Group (VBG)
Note: Product cover images may vary from those shown
5 of 5
Note: Product cover images may vary from those shown
Adroll
adroll