Global Voice Recognition Biometrics Market to grow at a CAGR of 19.36% during 2017-2021

About Voice Recognition Biometrics
Voice recognition biometrics digitizes an individual's voice to match it against a stored voiceprint template. Acoustic features of an individual's voice such as pitch, cadence, and tone are compared to distinguish between individual voices. Voice verification systems require minimal hardware installation, as most PCs already have a microphone and can authenticate individuals remotely for different transactions. Voice recognition biometrics are most likely to be deployed in telephone-based environments.

Technavios analysts forecast the global voice recognition biometrics market to grow at a CAGR of 19.36% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global voice recognition biometrics market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of voice recognition biometrics including voice receivers, voice recorders, modulators, voice recognition biometrics analyzing software, and databases. Report has also considered the revenue generated from hardware, software, and integrated voice recognition biometric solutions.

The market is divided into the following segments based on geography:
APAC
Europe
North America
South America
MEA

Technavio's report, Global Voice Recognition Biometrics Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors
AGNITIO
Nuance Communications
VoiceTrust
VoiceVault

Other prominent vendors
Auraya Systems
M2SYS Technology
OneVault
VoiceIt Technologies
SayPay Technologies
Sensiple
Sensory
SpeechPro
SPITCH
VoicePIN.com
Uniphore
ValidSoft
Voice Biometrics Group (VBG)
Market driver
Rising prominence of voice recognition biometrics in BFSI sector
For a full, detailed list, view our report

Market challenge
Lack of accuracy
For a full, detailed list, view our report

Market trend
Introduction of voice recognition biometrics in automotive sector
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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