The global Voice Recognition Biometrics market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The USA market for Global Voice Recognition Biometrics market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The China market for Global Voice Recognition Biometrics market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The Europe market for Global Voice Recognition Biometrics market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
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.
Voice Recognition Biometrics Market aims to provide a comprehensive presentation of the global market for Voice Recognition Biometrics, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Voice Recognition Biometrics. Voice Recognition Biometrics Market contains market size and forecasts of Voice Recognition Biometrics in global, including the following market information:
- Global Voice Recognition Biometrics Market Revenue, 2018-2023, 2024-2030, ($ millions)
- Global top five companies in 2022 (%)
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.
We surveyed the Voice Recognition Biometrics companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Voice Recognition Biometrics Market, by Type, 2018-2023, 2024-2030 ($ millions)
Global Voice Recognition Biometrics Market Segment Percentages, by Type, 2022 (%)
- Physiological Biometrics
- Behavioral Biometrics
Global Voice Recognition Biometrics Market, by Application, 2018-2023, 2024-2030 ($ millions)
Global Voice Recognition Biometrics Market Segment Percentages, by Application, 2022 (%)
- IT And Telecom
- BFSI
- Automotive
- Healthcare
- Education
- Others
Global Voice Recognition Biometrics Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions)
Global Voice Recognition Biometrics Market Segment Percentages, By Region and Country, 2022 (%)
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Voice Recognition Biometrics revenues in global market, 2018-2023 (estimated), ($ millions)
- Key companies Voice Recognition Biometrics revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- AGNITIO
- Nuance Communications
- VoiceTrust
- VoiceVault
- Auraya Systems
- M2SYS Technology
- OneVault
- VoiceIt Technologies
- SayPay Technologies
- Sensiple
- Sensory
- SpeechPro
- SPITCH
- VoicePIN
- Uniphore
- ValidSoft
- Voice Biometrics
Outline of Major Chapters:
Chapter 1: Introduces the definition of Voice Recognition Biometrics, market overview.
Chapter 2: Global Voice Recognition Biometrics market size in revenue.
Chapter 3: Detailed analysis of Voice Recognition Biometrics company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Voice Recognition Biometrics in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.