DUBLIN--(BUSINESS WIRE)--Jul 5, 2019--

The Global Voice Biometrics market is expected to reach $3995.2 million by 2026 growing at a CAGR of 22.3% during 2018 to 2026. Voice biometrics is utilized for voice recognition through analysis of an individual's pitch, speech, voice and tone. In terms of security, it has a great benefit over passwords, as a password can be easily tracked or hacked; voice of an individual is as distinctive and unique as a fingerprint. Growing demand for robust fraud detection and increasing the popularity among various sectors are some of the factors fueling the market growth. However, high cost and security issues are restraining the market growth.

Based on Component, the software segment is witnessing significant growth due to the increasing adoption, need for easy, faster, convenient user authentication and rising number of online transactions and fraudulent activities are some of the factors driving the market.

Deployment Models Covered:

  • On-Premises
  • Cloud

Types Covered:

  • Passive Voice Biometrics
  • Active Voice Biometrics

Components Covered:

  • Services
  • Software

Organization Sizes Covered:

  • Large Enterprises
  • Small and Medium-Sized Enterprises

Applications Covered:

  • Fraud Detection and Prevention
  • Forensic Voice Analysis and Criminal Investigation
  • Access Control and Authentication
  • Other Applications

End Users Covered:

  • Retail and eCommerce
  • Government and Defense
  • Healthcare
  • Banking, Financial Services, and Insurance
  • Telecommunications and IT
  • Other End Users

Regions Covered:

  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

Key Questions Answered in this Report:

  • How this market evolved since the year 2016
  • Market size estimations, forecasts and CAGR for all the segments presented in the scope
  • Key Market Developments and financials of the key players
  • Opportunity Analysis for the new entrants
  • SWOT Analysis of the key players
  • Fastest growing markets analysed during the forecast period

Key Topics Covered:

1 Market Synopsis

2 Research Outline

2.1 Research Snapshot

2.2 Research Methodology

2.3 Research Sources

2.3.1 Primary Research Sources

2.3.2 Secondary Research Sources

3 Market Dynamics

3.1 Drivers

3.2 Restraints

4 Market Environment

4.1 Bargaining power of suppliers

4.2 Bargaining power of buyers

4.3 Threat of substitutes

4.4 Threat of new entrants

4.5 Competitive rivalry

5 Global Voice Biometrics Market, By Deployment Model

5.1 Introduction

5.2 On-Premises

5.3 Cloud

6 Global Voice Biometrics Market, By Type

6.1 Introduction

6.2 Passive Voice Biometrics

6.3 Active Voice Biometrics

7 Global Voice Biometrics Market, By Component

7.1 Introduction

7.2 Services

7.3 Software

8 Global Voice Biometrics Market, By Organization Size

8.1 Introduction

8.2 Large Enterprises

8.3 Small and Medium-Sized Enterprises

9 Global Voice Biometrics Market, By Application

9.1 Introduction

9.2 Fraud Detection and Prevention

9.3 Forensic Voice Analysis and Criminal Investigation

9.4 Access Control and Authentication

9.5 Other Applications

10 Global Voice Biometrics Market, By End User

10.1 Introduction

10.2 Retail and E-Commerce

10.3 Government and Defense

10.4 Healthcare

10.5 Banking, Financial Services, and Insurance

10.6 Telecommunications and IT

10.7 Other End Users

11 Global Voice Biometrics Market, By Geography

11.1 North America

11.2 Europe

11.3 Asia Pacific

11.4 South America

11.5 Middle East & Africa

12 Strategic Benchmarking

13 Vendors Landscape

13.1 Nuance Communications

13.2 Verint

13.3 Uniphore

13.4 Phonexia

13.5 Aculab

13.6 VoicePIN

13.7 LumenVox


13.9 OneVault

For more information about this report visit https://www.researchandmarkets.com/r/zccj1w

Laura Wood, Senior Press Manager

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Related Topics:Biometrics



SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 07/05/2019 07:52 AM/DISC: 07/05/2019 07:52 AM

Copyright Business Wire 2019.