Voice Biometrics Market by Component, Type, Authentication Process, Deployment Mode, Application, End-User - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation

Description

List of Tables

The Global Voice Biometrics Market is forecasted to grow significantly, with a projected USD 2,852.45 million in 2023 at a CAGR of 19.81% and expected to reach a staggering USD 10,202.07 million by 2030.

The Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and High Inflation is expected to have significant long-term effects on the Global Voice Biometrics Market. The ongoing research considers the changes in consumer behavior, supply chain disruptions, and government interventions caused by the pandemic. Similarly, the report considers the ongoing political and economic uncertainty in Eastern Europe caused by the Russia-Ukraine Conflict and its potential implications for demand-supply balances, pressure on pricing variants, and import/export and trading. Additionally, the report addresses the impact of High Inflation on the global economy and details fiscal policies measuring and reducing its effects on demand, supply, cash flow, and currency exchange.

Market Segmentation & Coverage:

This research report categorizes the Global Voice Biometrics Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Component, market is studied across Services and Solutions. The Solutions commanded largest market share of 56.68% in 2022, followed by Services.

Based on Type, market is studied across Active Voice Biometrics and Passive Voice Biometrics. The Active Voice Biometrics commanded largest market share of 52.42% in 2022, followed by Passive Voice Biometrics.

Based on Authentication Process, market is studied across Agent Assisted, Automated IVR, Employee Authentication, and Mobile Applications. The Agent Assisted commanded largest market share of 30.84% in 2022, followed by Mobile Applications.

Based on Deployment Mode, market is studied across On Cloud and On-Premises. The On Cloud commanded largest market share of 67.32% in 2022, followed by On-Premises.

Based on Application, market is studied across Access Control, Authentication & Customer Verification, Forensic Voice Analysis & Criminal Investigation, Fraud Detection & Prevention, Risk & Emergency Management, Transaction Processing, and Workforce Management. The Access Control commanded largest market share of 20.38% in 2022, followed by Workforce Management.

Based on End-User, market is studied across BFSI, Education, Media & Entertainment, Energy & Utility, Government & Defense, Healthcare & Lifesciences, Manufacturing, Retail & eCommerce, Telecom & IT, and Transportation & Logistics. The BFSI commanded largest market share of 17.39% in 2022, followed by Telecom & IT.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 40.40% in 2022, followed by Americas.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Global Voice Biometrics Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in a particular market space. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Market Trends: Provides comprehensive understanding of the Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and the High Inflation

5. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

6. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Voice Biometrics Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Voice Biometrics Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Voice Biometrics Market?

4. What is the competitive strategic window for opportunities in the Global Voice Biometrics Market?

5. What are the technology trends and regulatory frameworks in the Global Voice Biometrics Market?

6. What is the market share of the leading vendors in the Global Voice Biometrics Market?

7. What modes and strategic moves are considered suitable for entering the Global Voice Biometrics Market?

Product Code: MRR-FD3F12D52F4C

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Voice Biometrics Market, by Component, 2022 vs 2030
4.3. Voice Biometrics Market, by Type, 2022 vs 2030
4.4. Voice Biometrics Market, by Authentication Process, 2022 vs 2030
4.5. Voice Biometrics Market, by Deployment Mode, 2022 vs 2030
4.6. Voice Biometrics Market, by Application, 2022 vs 2030
4.7. Voice Biometrics Market, by End-User, 2022 vs 2030
4.8. Voice Biometrics Market, by Region, 2022 vs 2030

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising security concerns and need for highly secured authentication systems
  - 5.1.1.2. Higher adoption of voice biometrics in BFSI sector to improve verification procedures
  - 5.1.1.3. Surging use in connected vehicles and smart phones
- 5.1.2. Restraints
  - 5.1.2.1. Operational issues associated with voice biometrics
- 5.1.3. Opportunities
  - 5.1.3.1. Recent development and advancement in voice biometrics
  - 5.1.3.2. Emerging use of voice biometrics in healthcare sector and for clinical research
- 5.1.4. Challenges
  - 5.1.4.1. Privacy and security concerns associated with the use of voice biometrics
5.2. Market Trends
5.3. Cumulative Impact of COVID-19
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework
5.9. Client Customization

6. Voice Biometrics Market, by Component

6.1. Introduction
6.2. Services
6.3. Solutions

7. Voice Biometrics Market, by Type

7.1. Introduction
7.2. Active Voice Biometrics
7.3. Passive Voice Biometrics

8. Voice Biometrics Market, by Authentication Process

8.1. Introduction
8.2. Agent Assisted
8.3. Automated IVR
8.4. Employee Authentication
8.5. Mobile Applications

9. Voice Biometrics Market, by Deployment Mode

9.1. Introduction
9.2. On Cloud
9.3. On-Premises

10. Voice Biometrics Market, by Application

10.1. Introduction
10.2. Access Control
10.3. Authentication & Customer Verification
10.4. Forensic Voice Analysis & Criminal Investigation
10.5. Fraud Detection & Prevention
10.6. Risk & Emergency Management
10.7. Transaction Processing
10.8. Workforce Management

11. Voice Biometrics Market, by End-User

11.1. Introduction
11.2. BFSI
11.3. Education, Media & Entertainment
11.4. Energy & Utility
11.5. Government & Defense
11.6. Healthcare & Lifesciences
11.7. Manufacturing
11.8. Retail & eCommerce
11.9. Telecom & IT
11.10. Transportation & Logistics

12. Americas Voice Biometrics Market

12.1. Introduction
12.2. Argentina
12.3. Brazil
12.4. Canada
12.5. Mexico
12.6. United States

13. Asia-Pacific Voice Biometrics Market

13.1. Introduction
13.2. Australia
13.3. China
13.4. India
13.5. Indonesia
13.6. Japan
13.7. Malaysia
13.8. Philippines
13.9. Singapore
13.10. South Korea
13.11. Taiwan
13.12. Thailand
13.13. Vietnam

14. Europe, Middle East & Africa Voice Biometrics Market

14.1. Introduction
14.2. Denmark
14.3. Egypt
14.4. Finland
14.5. France
14.6. Germany
14.7. Israel
14.8. Italy
14.9. Netherlands
14.10. Nigeria
14.11. Norway
14.12. Poland
14.13. Qatar
14.14. Russia
14.15. Saudi Arabia
14.16. South Africa
14.17. Spain
14.18. Sweden
14.19. Switzerland
14.20. Turkey
14.21. United Arab Emirates
14.22. United Kingdom

15. Competitive Landscape

15.1. FPNV Positioning Matrix
15.2. Market Share Analysis, By Key Player
15.3. Competitive Scenario Analysis, By Key Player
- 15.3.1. Merger & Acquisition
  - 15.3.1.1. Microsoft Completed Nuance Acquisition.
- 15.3.2. Agreement, Collaboration, & Partnership
  - 15.3.2.1. Evolutio and Veridas, An Alliance to Boost Voice Biometrics in The Main Iberian Market Companies.
- 15.3.3. New Product Launch & Enhancement
  - 15.3.3.1. Antolin and Biometric Vox Developed Voice-Enabled Vehicle Access System.
  - 15.3.3.2. City Union Bank Launched Voice Biometrics For Logging into Mobile Banking App.
  - 15.3.3.3. Cerence (CRNC) Launched Voice Biometrics in Assistant Solution.
- 15.3.4. Investment & Funding
  - 15.3.4.1. Deepgram Landed New Cash to Grow its Enterprise Voice-Recognition Business.
  - 15.3.4.2. Speechmatics to Extend Voice Biometrics, Speech Recognition Accuracy with USD 62 Million Funding Round.
  - 15.3.4.3. Voice Biometrics Startup Secured Digital Raises Seed Funding, Aims For Large Companies.
- 15.3.5. Award, Recognition, & Expansion
  - 15.3.5.1. ID R&D Patents New Method For Detecting Voice Spoof Attacks And Deepfakes.
  - 15.3.5.2. Veridas Increased Capital by Euro 15 Million; Boosted Global Expansion as an Identity Company.

16. List of Company Mentioned

17. Appendix

17.1. Discussion Guide
17.2. License & Pricing