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Global Voice Recognition Biometrics Market 2015-2019
The report discusses the following in-depth:
• Market Size and Forecast
• Market Segmentation
• Market Highlights
• Vendor Landscape
• Business Segmentation
• Geographical Segmentation
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Global Voice Recognition Biometrics
Market 2015-2019,please mail us at
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Key Trends
Technavio’s Senior Analyst says, “Voice biometrics provides a user-friendly experience and has a higher success rate than alternative biometric technologies. This is a reliable authentication technology used across industries. Also, the cost associated with voice biometrics is low, as there are no hardware costs associated with it.”
• Biometrics helps identify individuals based on their physical or behavioral features. It involves verification and identification of physiological traits through fingerprints, face recognition, DNA, palm vein prints, hand geometry, and iris recognition, and of behavioral traits through keystroke patterns and speech pattern/voice recognition. Biometrics technologies are considered more reliable compared to physical devices and numeric codes, as biometric traits are not prone to any change.
• Voice biometrics will experience rapid growth during the forecast period, posting a CAGR of 22.15%.
• Understanding the key drivers influencing the market
• Understanding the challenges faced by the market
• Activities of various stakeholders involved
• Key focus areas for the vendors
• Major trends that will shape the future of this market
• Vendor landscape and trajectory of the market
• Conclusion
Scope of The Report
A detailed analysis of each market driver,
challengeand trend is
available in our report:Global Voice Recognition Biometrics Market 2015-2019
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Vendors
To understand the vendor landscape and
for a full list of vendors view our report:
Global Voice Recognition Biometrics Market 2015-2019
Agnitio Agnitio was founded in 2004 and is headquartered in Colorado, US. The company is a provider of voice ID products, serving customers including police, government organization, intelligence, military contact centers, financial services, telecommunications and enterprise security sectors.
Nuance Communications
Nuance Communications was incorporated in 1992 and is headquartered in Burlington, Massachusetts, US. The company provides intuitive and comprehensive speech and natural language solutions.
VoicePass
VoicePass was founded in 2012 and is headquartered in Portland, Oregon, US. The company offers voice verification security solutions and mobile banking and payment authentication services for android-based smartphones and devices.
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Market Landscape
• The shift from non-biometric technologies, such as PINs and smart cards, and biometrics technologies, such as fingerprint and iris matching, to voice biometric technology will stimulate the growth of the market during the forecast period.
• Currently, North America and APAC are experiencing a high adoption of voice biometrics across the banking and government sectors.
• The law enforcement sector, a part of the government sector, is witnessing rapid implementation of this technology.
• Europe, Latin America, and MEA are also expected to increase the adoption of voice biometrics during the forecast period.
• The automotive, healthcare, and BFSI sectors are likely to be the highest adopters of this technology.
• The others segment includes the transportation, education, retail, commercial, and residential sectors.
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Key Market Highlights
• Authenticity • Delivery • Price• Service
Support
• The market share of the government sector is expected to decline during the forecast period, as end-users in this sector were the earliest adopters of voice biometrics for law enforcement.
• However, the market shares of the automotive, healthcare, and BFSI sectors will likely increase during the forecast period due to the growing adoption of voice biometrics.
• Voice biometrics is also expected to gain prominence in other sectors, such as transportation, gaming, social networking, education, residential security, and commercial security.
• There will likely be a hike in spending in the BFSI sector, as end-users in this sector deal with highly confidential financial information.
• Growth Forecasts?
• Market Analysis?
• Revenue Forecasts?
• Regional and Country level Analysis?
• Competitive Structure?
• Emerging Trends?
• Vendor Landscape?
• Other?
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