Speech biometrics is a user identification technology that identifies unique speech patterns through a speaker’s real-time conversation or voice fingerprints captured through a variety of physical and behavioral factors such as speaker’s tone, pronunciation, speech speed, emphasis pattern, and intonation. Voice biometrics helps prevent unauthorized access to IT resources and various other security-sensitive areas. This technology is used in a number of applications such as access control and authentication, fraud detection and prevention, forensic voice analysis, and criminal investigation.
Voice Recognition Market size is expected to grow from USD 0.98 billion in 2019 to USD 2.84 billion by 2027, at a (CAGR) of 23% during the forecast period.
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Key market players including,
Nuance Communications (US), NICE (Israel), Verint (US), AimBrain (UK), Voice Biometrics Group (US), Phonexia (Czech Republic), OneVault (South Africa), SESTEK (Turkey), LumenVox (US)
By Application
- Access Control and Authentication
- Fraud Detection and Prevention
- Forensic voice analysis and Criminal Investigation
- Others (Speech Therapy, and Personalized User Experience)
By Type,
- Active Voice Biometrics
- Passive Voice Biometrics
By Organization Size,
- SMEs
- Large Enterprises
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Scope of the Report
The research study analyzes the global Voice Recognition industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Voice Recognition Market Report
1. What was the Voice Recognition Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Voice Recognition Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Voice Recognition Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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