Global Voice Recognition Biometrics Market 2024-2028

List of Tables

Voice Recognition Biometrics Market 2024-2028

The voice recognition biometrics market is forecasted to grow by USD 5421.2 mn during 2023-2028, accelerating at a CAGR of 25.6% 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 recognition biometrics in bfsi sector, increasing adoption of technology in healthcare sector, and popularity of voice recognition among law enforcement.

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	20%
CAGR	25.6%
Incremental Value	$5421.2 mn

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 recognition 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 recognition 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., Optimal Technology Solutions LLC, Phonexia Sro, Pindrop Security Inc., Sensory Inc., Speech Technology Center Ltd., 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 primary and secondary research. 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 accurate market growth.

Product Code: IRTNTR44545

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
2.2 Market characteristics
- Market characteristics analysis
2.3 Value chain analysis
- Value Chain Analysis

3 Market Sizing

3.1 Market definition
- Offerings of companies included in the market definition
3.2 Market segment analysis
- Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global Voice Recognition Biometrics Market 2018 - 2022
- Historic Market Size - Data Table on Global Voice Recognition Biometrics Market 2018 - 2022 ($ million)
4.2 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ million)
4.3 End-user segment analysis 2018 - 2022
- Historic Market Size - End-user Segment 2018 - 2022 ($ million)
4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Type

6.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
6.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
6.3 Active voice biometrics - Market size and forecast 2023-2028
- Chart on Active voice biometrics - Market size and forecast 2023-2028 ($ million)
- Data Table on Active voice biometrics - Market size and forecast 2023-2028 ($ million)
- Chart on Active voice biometrics - Year-over-year growth 2023-2028 (%)
- Data Table on Active voice biometrics - Year-over-year growth 2023-2028 (%)
6.4 Passive voice biometrics - Market size and forecast 2023-2028
- Chart on Passive voice biometrics - Market size and forecast 2023-2028 ($ million)
- Data Table on Passive voice biometrics - Market size and forecast 2023-2028 ($ million)
- Chart on Passive voice biometrics - Year-over-year growth 2023-2028 (%)
- Data Table on Passive voice biometrics - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by End-user

7.1 Market segments
- Chart on End-user - Market share 2023-2028 (%)
- Data Table on End-user - Market share 2023-2028 (%)
7.2 Comparison by End-user
- Chart on Comparison by End-user
- Data Table on Comparison by End-user
7.3 BFSI - Market size and forecast 2023-2028
- Chart on BFSI - Market size and forecast 2023-2028 ($ million)
- Data Table on BFSI - Market size and forecast 2023-2028 ($ million)
- Chart on BFSI - Year-over-year growth 2023-2028 (%)
- Data Table on BFSI - Year-over-year growth 2023-2028 (%)
7.4 Government - Market size and forecast 2023-2028
- Chart on Government - Market size and forecast 2023-2028 ($ million)
- Data Table on Government - Market size and forecast 2023-2028 ($ million)
- Chart on Government - Year-over-year growth 2023-2028 (%)
- Data Table on Government - Year-over-year growth 2023-2028 (%)
7.5 Telecommunication - Market size and forecast 2023-2028
- Chart on Telecommunication - Market size and forecast 2023-2028 ($ million)
- Data Table on Telecommunication - Market size and forecast 2023-2028 ($ million)
- Chart on Telecommunication - Year-over-year growth 2023-2028 (%)
- Data Table on Telecommunication - Year-over-year growth 2023-2028 (%)
7.6 Healthcare - Market size and forecast 2023-2028
- Chart on Healthcare - Market size and forecast 2023-2028 ($ million)
- Data Table on Healthcare - Market size and forecast 2023-2028 ($ million)
- Chart on Healthcare - Year-over-year growth 2023-2028 (%)
- Data Table on Healthcare - Year-over-year growth 2023-2028 (%)
7.7 Others - Market size and forecast 2023-2028
- Chart on Others - Market size and forecast 2023-2028 ($ million)
- Data Table on Others - Market size and forecast 2023-2028 ($ million)
- Chart on Others - Year-over-year growth 2023-2028 (%)
- Data Table on Others - Year-over-year growth 2023-2028 (%)
7.8 Market opportunity by End-user
- Market opportunity by End-user ($ million)
- Data Table on Market opportunity by End-user ($ million)

8 Customer Landscape

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

9 Geographic Landscape

9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
9.3 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
9.4 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.5 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ million)
- Data Table on China - Market size and forecast 2023-2028 ($ million)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
9.10 Japan - Market size and forecast 2023-2028
- Chart on Japan - Market size and forecast 2023-2028 ($ million)
- Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- Chart on Japan - Year-over-year growth 2023-2028 (%)
- Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.11 UK - Market size and forecast 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ million)
- Data Table on UK - Market size and forecast 2023-2028 ($ million)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)
9.12 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Opportunity/Restraints

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
10.4 Market opportunities/restraints

11 Competitive Landscape

11.1 Overview
11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
11.3 Landscape disruption
- Overview on factors of disruption
11.4 Industry risks
- Impact of key risks on business

12 Competitive Analysis

12.1 Companies profiled
- Companies covered
12.2 Market positioning of companies
- Matrix on companies position and classification
12.3 Auraya Systems Pty. Ltd.
- Auraya Systems Pty. Ltd. - Overview
- Auraya Systems Pty. Ltd. - Product / Service
- Auraya Systems Pty. Ltd. - Key offerings
12.4 Aware Inc.
- Aware Inc. - Overview
- Aware Inc. - Business segments
- Aware Inc. - Key offerings
- Aware Inc. - Segment focus
12.5 LumenVox GmbH
- LumenVox GmbH - Overview
- LumenVox GmbH - Product / Service
- LumenVox GmbH - Key offerings
12.6 Microsoft Corp.
- Microsoft Corp. - Overview
- Microsoft Corp. - Business segments
- Microsoft Corp. - Key news
- Microsoft Corp. - Key offerings
- Microsoft Corp. - Segment focus
12.7 Mitek Systems Inc.
- Mitek Systems Inc. - Overview
- Mitek Systems Inc. - Product / Service
- Mitek Systems Inc. - Key news
- Mitek Systems Inc. - Key offerings
12.8 NICE Ltd.
- NICE Ltd. - Overview
- NICE Ltd. - Business segments
- NICE Ltd. - Key news
- NICE Ltd. - Key offerings
- NICE Ltd. - Segment focus
12.9 OneVault Pty. Ltd.
- OneVault Pty. Ltd. - Overview
- OneVault Pty. Ltd. - Product / Service
- OneVault Pty. Ltd. - Key offerings
12.10 Optimal Technology Solutions LLC
- Optimal Technology Solutions LLC - Overview
- Optimal Technology Solutions LLC - Product / Service
- Optimal Technology Solutions LLC - Key offerings
12.11 Phonexia Sro
- Phonexia Sro - Overview
- Phonexia Sro - Product / Service
- Phonexia Sro - Key offerings
12.12 Pindrop Security Inc.
- Pindrop Security Inc. - Overview
- Pindrop Security Inc. - Product / Service
- Pindrop Security Inc. - Key offerings
12.13 Sensory Inc.
- Sensory Inc. - Overview
- Sensory Inc. - Product / Service
- Sensory Inc. - Key offerings
12.14 Speech Technology Center Ltd.
- Speech Technology Center Ltd. - Overview
- Speech Technology Center Ltd. - Product / Service
- Speech Technology Center Ltd. - Key offerings
12.15 ValidSoft Group
- ValidSoft Group - Overview
- ValidSoft Group - Product / Service
- ValidSoft Group - Key offerings
12.16 Verint Systems Inc.
- Verint Systems Inc. - Overview
- Verint Systems Inc. - Product / Service
- Verint Systems Inc. - Key offerings
12.17 Voice Biometrics Group
- Voice Biometrics Group - Overview
- Voice Biometrics Group - Product / Service
- Voice Biometrics Group - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
13.3 Currency conversion rates for US$
- Currency conversion rates for US$
13.4 Research methodology
- Research methodology
13.5 Data procurement
- Information sources
13.6 Data validation
- Data validation
13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
13.8 Data synthesis
- Data synthesis
13.9 360 degree market analysis
- 360 degree market analysis
13.10 List of abbreviations
- List of abbreviations