Voice Biometrics Market Business Opportunities, Research Methodology, Insights Research And Outlook 2020 To 2027

The global Voice Biometrics Market is forecasted to be worth USD 4.90 Billion by 2027, according to a new report by Emergen Research. The market is witnessing high demand owing to the rise in advancement in software and hardware. Rapid urbanization and adoption of digital technology in industries like Telecommunications and IT, BFSI, Government, and Defense will drive the demand for the voice biometric. The proliferation of digital devices in everyday activities has created a need for advanced protection solutions. Some of the commonly used biometric technology are radio networks, mobile phones and landlines, virtual private networks, voice over IP networks, and microphones.

The report offers an industry-wide and economy-wide analysis of the current market scenario, supply and demand scenario, sales network, and production capacity. It also offers insights into the capacity, production and consumption rate, sales, gross revenue, import/export, pricing analysis, profit margins, and cost volatility. The study provides the reader with extensive coverage of all the relevant market aspects such as driving factors, restraints, limitations, opportunities, and other key influencing elements.

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The prominent players of the global Voice Biometrics market are expected to contribute significantly to the revenue generation owing to increasing demand for the Voice Biometrics products in the industry.

Prominent Players Profiled in the Voice Biometrics Market:

Verint, Nuance Communications, Pindrop, Acculab, NICE, Phonexia, Auraya, VoicePIN, LumenVox, and SESTEK, among others.

Key Highlights From The Report

• LumenVox, in January 2020, launched an advanced suite of voice biometric authentication technologies, naming them Version 8. This technology implements AI and biometrics to authenticate customer-agent interaction.
• The Access Control and Authentication dominated the market for voice biometrics. The high level of awareness among organizations regarding the confidentiality of their data and the need to protect from malware targeted cyber-attacks while using cloud computing services will drive the segment’s demand.
• The cloud deployment type held the largest market share of 57.4% in the year 2019. The benefits provided by cloud-like data accessibility, quick implementation, lower cost, and 24x7 availability will foster the demand for voice biometrics.
• North America held the largest market share of voice biometrics. The region is prone to several sophisticated cyber-attacks owing to the presence of influential financial sectors, tech companies, and the profitable telecommunication industry. There is a high demand for efficient technology for the protection of their data and financial information.

Market Segmentation:

For the purpose of this report, Emergen Research has segmented into the global Voice Biometrics Market on the basis of component, type, application, organization size, deployment type, industry vertical, and region:

• Component Outlook (Revenue, USD Billion; 2017-2027)
o Software
o Services
1. Professional Services
 Training and Education
 Consulting
 Support and Maintenance
 Deployment and Integration
2. Managed Services
• Type Outlook (Revenue, USD Billion; 2017-2027)
o Passive Voice Biometrics
o Active Voice Biometrics
• Application Outlook (Revenue, USD Billion; 2017-2027)
o Fraud Detection and Prevention
o Access Control and Authentication
o Forensic Voice Analysis and Criminal Investigation
o Other
• Organization Size Outlook (Revenue, USD Billion; 2017-2027)
o Large Enterprises
o Small and Medium-Sized Enterprises
• Deployment Type Outlook (Revenue, USD Billion; 2017-2027)
o Cloud
o On-Premises
• Industry Vertical Outlook (Revenue, USD Billion; 2017-2027)
o Retail and eCommerce
o Government and Defense
o Banking, Financial Services, and Insurance
o Telecommunications and IT
o Healthcare
o Others

The research study also offers insights into various regulatory frameworks and evaluates the growth of the industry in each key region of the world. The report also provides an assessment of the micro and macro-economic factors influencing the growth of the market in the mentioned regions. The global Voice Biometrics market is segmented into the following based on the key regions of the world:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Major Objectives of the Study:

• To offer a comprehensive analysis of the market scenario to derive an accurate forecast of the market and its major segments
• Accurate insights into the future growth prospects of the market through an analysis of the influencing factors
• Analysis of vital aspects of the market including cost analysis, supply chain analysis, Porter’s Five Forces analysis, SWOT analysis, and investment return analysis
• Extensive historical and forecast estimation of the market revenue based on its key segments and key regions
• Comprehensive analysis of the competitive landscape of the market along with exhaustive profiling of the key competitors, product portfolio, and manufacturing and production capabilities
• An accurate and comprehensive 8-year forecast for the Voice Biometrics industry vertical on both regional and global scale

Table of Content

Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Voice Biometrics Market Segmentation & Impact Analysis
4.1. Voice Biometrics Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increasing Demand for Robust Fraud Detection
4.2.2.2. Need for Reducing Authentication and Identification Costs
4.2.3. Market restraints analysis
4.2.3.1. Security and Privacy Issues With New Advanced Technologies
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis

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