Global Voice Biometrics Market 2023-2027

List of Tables

Global Voice Recognition Biometrics Market 2023-2027

The voice recognition biometrics market is forecasted to grow by USD 2887.55 mn during 2022-2027, accelerating at a CAGR of 18.48% during the forecast period. The report on the voice recognition biometrics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising prominence of voice biometrics in BFSI sector, increasing adoption of technology in healthcare sector, and popularity of voice recognition among law enforcement.

Market Scope
Base Year	2022
End Year	2027
Series Year	2023-2027
Growth Momentum	Accelerate
YOY 2023	18.18%
CAGR	18.48%
Incremental Value	$2887.55mn

Technavio's voice recognition biometrics market is segmented as below:

By Type

Active voice biometrics
Passive voice biometrics

By End-user

BFSI
Government
Telecommunication
Healthcare
Others

By Geographical Landscape

North America
APAC
Europe
South America
Middle East and Africa

This study identifies the introduction of voice biometrics in automotive sector as one of the prime reasons driving the voice recognition biometrics market growth during the next few years. Also, introduction of voice recognition in multi-modal biometrics and introduction of voice biometrics in wearables will lead to sizable demand in the market.

The report on the voice recognition biometrics market covers the following areas:

Voice recognition biometrics market sizing
Voice recognition biometrics market forecast
Voice recognition biometrics market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading voice recognition biometrics market vendors that include Aculab Plc, Auraya Systems Pty. Ltd., Aware Inc., Imageware Systems Inc., Kaizen Voiz, LumenVox GmbH, Microsoft Corp., Mitek Systems Inc., NICE Ltd., OneVault Pty. Ltd., Phonexia Sro, Pindrop Security Inc., Sensory Inc., Speech Technology Center Ltd., Optimal Technology Solutions LLC, ValidSoft Group, Verint Systems Inc., Voice Biometrics Group, VoicePIN.com Sp zoo, and Voxta. Also, the voice recognition biometrics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

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 an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR44545

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Type
Exhibit 06: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global voice biometrics market 2017 - 2021
Exhibit 18: Historic Market Size - Data Table on global voice biometrics market 2017 - 2021 ($ million)
4.2 Type Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size - Type Segment 2017 - 2021 ($ million)
4.3 End-user Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size - End-user Segment 2017 - 2021 ($ million)
4.4 Geography Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size - Geography Segment 2017 - 2021 ($ million)
4.5 Country Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

6.1 Market segments
Exhibit 30: Chart on Type - Market share 2022-2027 (%)
Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
6.2 Comparison by Type
Exhibit 32: Chart on Comparison by Type
Exhibit 33: Data Table on Comparison by Type
6.3 Active voice biometrics - Market size and forecast 2022-2027
Exhibit 34: Chart on Active voice biometrics - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Active voice biometrics - Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Active voice biometrics - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Active voice biometrics - Year-over-year growth 2022-2027 (%)
6.4 Passive voice biometrics - Market size and forecast 2022-2027
Exhibit 38: Chart on Passive voice biometrics - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Passive voice biometrics - Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Passive voice biometrics - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Passive voice biometrics - Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Type
Exhibit 42: Market opportunity by Type ($ million)
Exhibit 43: Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by End-user

7.1 Market segments
Exhibit 44: Chart on End-user - Market share 2022-2027 (%)
Exhibit 45: Data Table on End-user - Market share 2022-2027 (%)
7.2 Comparison by End-user
Exhibit 46: Chart on Comparison by End-user
Exhibit 47: Data Table on Comparison by End-user
7.3 BFSI - Market size and forecast 2022-2027
Exhibit 48: Chart on BFSI - Market size and forecast 2022-2027 ($ million)
Exhibit 49: Data Table on BFSI - Market size and forecast 2022-2027 ($ million)
Exhibit 50: Chart on BFSI - Year-over-year growth 2022-2027 (%)
Exhibit 51: Data Table on BFSI - Year-over-year growth 2022-2027 (%)
7.4 Government - Market size and forecast 2022-2027
Exhibit 52: Chart on Government - Market size and forecast 2022-2027 ($ million)
Exhibit 53: Data Table on Government - Market size and forecast 2022-2027 ($ million)
Exhibit 54: Chart on Government - Year-over-year growth 2022-2027 (%)
Exhibit 55: Data Table on Government - Year-over-year growth 2022-2027 (%)
7.5 Telecommunication - Market size and forecast 2022-2027
Exhibit 56: Chart on Telecommunication - Market size and forecast 2022-2027 ($ million)
Exhibit 57: Data Table on Telecommunication - Market size and forecast 2022-2027 ($ million)
Exhibit 58: Chart on Telecommunication - Year-over-year growth 2022-2027 (%)
Exhibit 59: Data Table on Telecommunication - Year-over-year growth 2022-2027 (%)
7.6 Healthcare - Market size and forecast 2022-2027
Exhibit 60: Chart on Healthcare - Market size and forecast 2022-2027 ($ million)
Exhibit 61: Data Table on Healthcare - Market size and forecast 2022-2027 ($ million)
Exhibit 62: Chart on Healthcare - Year-over-year growth 2022-2027 (%)
Exhibit 63: Data Table on Healthcare - Year-over-year growth 2022-2027 (%)
7.7 Others - Market size and forecast 2022-2027
Exhibit 64: Chart on Others - Market size and forecast 2022-2027 ($ million)
Exhibit 65: Data Table on Others - Market size and forecast 2022-2027 ($ million)
Exhibit 66: Chart on Others - Year-over-year growth 2022-2027 (%)
Exhibit 67: Data Table on Others - Year-over-year growth 2022-2027 (%)
7.8 Market opportunity by End-user
Exhibit 68: Market opportunity by End-user ($ million)
Exhibit 69: Data Table on Market opportunity by End-user ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 71: Chart on Market share By Geographical Landscape 2022-2027 (%)
Exhibit 72: Data Table on Market share By Geographical Landscape 2022-2027 (%)
9.2 Geographic comparison
Exhibit 73: Chart on Geographic comparison
Exhibit 74: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2022-2027
Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.4 APAC - Market size and forecast 2022-2027
Exhibit 79: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 80: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 81: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 82: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.5 Europe - Market size and forecast 2022-2027
Exhibit 83: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 84: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 85: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 86: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.6 South America - Market size and forecast 2022-2027
Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.8 US - Market size and forecast 2022-2027
Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)
9.9 China - Market size and forecast 2022-2027
Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ million)
Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ million)
Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)
9.10 Japan - Market size and forecast 2022-2027
Exhibit 103: Chart on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 104: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 105: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibit 106: Data Table on Japan - Year-over-year growth 2022-2027 (%)
9.11 UK - Market size and forecast 2022-2027
Exhibit 107: Chart on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 108: Data Table on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 109: Chart on UK - Year-over-year growth 2022-2027 (%)
Exhibit 110: Data Table on UK - Year-over-year growth 2022-2027 (%)
9.12 Germany - Market size and forecast 2022-2027
Exhibit 111: Chart on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 112: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 113: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 114: Data Table on Germany - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 115: Market opportunity By Geographical Landscape ($ million)
Exhibit 116: Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 117: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 119: Overview on factors of disruption
11.4 Industry risks
Exhibit 120: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 121: Vendors covered
12.2 Market positioning of vendors
Exhibit 122: Matrix on vendor position and classification
12.3 Auraya Systems Pty. Ltd.
Exhibit 123: Auraya Systems Pty. Ltd. - Overview
Exhibit 124: Auraya Systems Pty. Ltd. - Product / Service
Exhibit 125: Auraya Systems Pty. Ltd. - Key offerings
12.4 Aware Inc.
Exhibit 126: Aware Inc. - Overview
Exhibit 127: Aware Inc. - Product / Service
Exhibit 128: Aware Inc. - Key offerings
12.5 LumenVox GmbH
Exhibit 129: LumenVox GmbH - Overview
Exhibit 130: LumenVox GmbH - Product / Service
Exhibit 131: LumenVox GmbH - Key offerings
12.6 Microsoft Corp.
Exhibit 132: Microsoft Corp. - Overview
Exhibit 133: Microsoft Corp. - Business segments
Exhibit 134: Microsoft Corp. - Key news
Exhibit 135: Microsoft Corp. - Key offerings
Exhibit 136: Microsoft Corp. - Segment focus
12.7 Mitek Systems Inc.
Exhibit 137: Mitek Systems Inc. - Overview
Exhibit 138: Mitek Systems Inc. - Product / Service
Exhibit 139: Mitek Systems Inc. - Key news
Exhibit 140: Mitek Systems Inc. - Key offerings
12.8 NICE Ltd.
Exhibit 141: NICE Ltd. - Overview
Exhibit 142: NICE Ltd. - Business segments
Exhibit 143: NICE Ltd. - Key news
Exhibit 144: NICE Ltd. - Key offerings
Exhibit 145: NICE Ltd. - Segment focus
12.9 OneVault Pty. Ltd.
Exhibit 146: OneVault Pty. Ltd. - Overview
Exhibit 147: OneVault Pty. Ltd. - Product / Service
Exhibit 148: OneVault Pty. Ltd. - Key offerings
12.10 Optimal Technology Solutions LLC
Exhibit 149: Optimal Technology Solutions LLC - Overview
Exhibit 150: Optimal Technology Solutions LLC - Product / Service
Exhibit 151: Optimal Technology Solutions LLC - Key offerings
12.11 Phonexia Sro
Exhibit 152: Phonexia Sro - Overview
Exhibit 153: Phonexia Sro - Product / Service
Exhibit 154: Phonexia Sro - Key offerings
12.12 Pindrop Security Inc.
Exhibit 155: Pindrop Security Inc. - Overview
Exhibit 156: Pindrop Security Inc. - Product / Service
Exhibit 157: Pindrop Security Inc. - Key offerings
12.13 Sensory Inc.
Exhibit 158: Sensory Inc. - Overview
Exhibit 159: Sensory Inc. - Product / Service
Exhibit 160: Sensory Inc. - Key offerings
12.14 Speech Technology Center Ltd.
Exhibit 161: Speech Technology Center Ltd. - Overview
Exhibit 162: Speech Technology Center Ltd. - Product / Service
Exhibit 163: Speech Technology Center Ltd. - Key offerings
12.15 ValidSoft Group
Exhibit 164: ValidSoft Group - Overview
Exhibit 165: ValidSoft Group - Product / Service
Exhibit 166: ValidSoft Group - Key offerings
12.16 Verint Systems Inc.
Exhibit 167: Verint Systems Inc. - Overview
Exhibit 168: Verint Systems Inc. - Product / Service
Exhibit 169: Verint Systems Inc. - Key offerings
12.17 Voice Biometrics Group
Exhibit 170: Voice Biometrics Group - Overview
Exhibit 171: Voice Biometrics Group - Product / Service
Exhibit 172: Voice Biometrics Group - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 173: Inclusions checklist
Exhibit 174: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 175: Currency conversion rates for US$
13.4 Research methodology
Exhibit 176: Research methodology
Exhibit 177: Validation techniques employed for market sizing
Exhibit 178: Information sources
13.5 List of abbreviations
Exhibit 179: List of abbreviations