Voice Biometrics Market Volume Forecast and Value Chain Analysis -2025

Username and password no longer suffice as an acceptable level of security, which are being replaced by voice biometrics solutions. From phone systems to mobile application, these solutions are deployed as a means of secure authentication through simple and spoken passphrase. Voice, speech, pitch and range of an individual, based on vocal characteristics is utilized for voice recognition in biometrics. This is the only technology that requires no additional dedicated hardware such as fingerprint sensor or iris-scanning equipment, apart from microphone. Virtual private network, radio network, mobile phone & landline, voice over IP network and microphone are all communication network through which voice biometrics output can be delivered.

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Passwords can be easily hacked or tracked but voice of an individual is unique and distinct just like fingerprint. So it has great advantage over passwords, in terms of security. Password security can determine whether the user knows the correct password, whereas a card system can determine whether the user has viable access card but none of them determines that user entering the password or presenting a card is authorized to do so. Biometric industry impacts their usage in monitoring, fraud prevention and security. To gain high recognition accuracy, this technology compares speakers’ characteristics under specific lexical context. This biometrics, used for identification is the least intrusive among all. It can be implemented with text-dependent passphrase or text-independent free speech, which validates user’s authenticity.

Even in noisy environments, voice biometrics technology offers high degree accuracy and spoof protected authentication due to technical advancement in processing power and microphones. This enables more accurate algorithms to be implemented in authentication process. The technology advancement ensures two deployment options for voice biometric which are server-based and device-based.

The global voice biometrics market has evolved through various advancements in software as well a hardware. Increase in adoption of mobile phones and smart devices is a key driver for the market growth. The proliferation of smartphones, wearable technology and tablets has grown exponentially worldwide. With this, the demand for advanced and specific secure solutions is also growing rapidly and are responsible for ramping up the demand of voice biometrics solution. Biometrics used as a credentials can’t be altered, so it ensures permanent aspect for gaining access. Furthermore, increasing adoption of biometric authentication in healthcare and banking sector, growing adoption of e-commerce services, security & public awareness for customers and cumulative government support. These drivers ensures fast growth of voice biometrics market.

In the Internet of things (IoT) environment, user’s privacy and security is a key distinguishing feature. This is one of the major factor responsible for driving global voice biometrics market. Major challenges faced by voice biometrics market are integration of biometrics technology into existing software, cost of deployment, spoofing of stored data or privacy breach

The global voice biometrics market is segmented on the basis of deployment, end-user, and component. Based on the deployment, the market is further segmented into on-premise and cloud based. Based on component, voice biometric market is segmented into hardware and software On the basis of end user the market can be segmented into business financial services and insurance (BFSI), manufacturing, hospitality, healthcare, retail, IT and telecommunication, automobile, government and others.

North America is expected to witness high growth in voice biometrics market over the forecast period from 2017 to 2025, due to the constant research and development initiatives along with increased implementation. Europe and Asia pacific is also expected to contribute in the growth of this market

Some of the major players offering voice biometrics solutions are Agnitio SL, Nuance Communications, Voice Pass Technology, VoiceTrust Holding BV, VoiceTrust Ag, VoiceVault, M2SYS Technology, OneVault, SpeechPro, Uniphore, ValidSoft, Voice Security Systems, National Security Resources, Voice Biometrics Group, SayPay Technologies, Inc., Bioid Ag, and American Safety Council, Inc.

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