Global Voice Recognition Biometrics Market 2015-2019

  • Published: Aug 2015
  • Pages: 60
  • SKU: IRTNTR6806
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This market research report covers the present scenario and the growth prospects of the global voice recognition biometrics market for 2015-2019. To calculate the voice recognition biometrics market size, the report considers revenue generated from the sales of voice recognition biometric solutions. These include voice receiver, voice recorder, modulator, voice biometrics software, and database. The report includes revenue generated from hardware, software, and integrated solutions. Revenues generated from aftersales services are not included in the market size calculation.

Global voice recognition biometrics market overview

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. Biometrics performs verification and identification processes to authenticate an individual. Technavio's analysts forecast the global voice recognition biometrics market to grow at a CAGR of 22.15% during 2014-2019.

In a verification process, a one-to-one matching method is used to verify the biometrics traits of an individual against a particular template in a database, whereas in an identification process, a one-to-many matching method is used wherein the biometrics traits of an individual is matched against all templates in the database to determine an individual's identity. In a voice biometrics, an individual’s voice is digitized, which is matched against a stored voiceprint template. Acoustic features of an individual's voice such as pitch, cadence, and tone are compared to differentiate between different individuals. Voice verification systems require minimal hardware installation as many PCs already have a microphone. Also, unlike other biometric technologies, voice biometrics authenticates individuals in remote locations for various transactions. 

Voice recognition systems can work in two different ways:

  • Text-dependent: Any texts such as name, birth city, and favorite color, or a sequence of numbers is compared with a sample captured during the voice enrolment process 
  • Text-independent: These systems analyze various features of speech such as pitch, cadence, and tone

The voice recognition biometrics market segmentation 

  • End-users: government sector, automotive sector, healthcare sector, and BFSI sector
  • Geographies: North America, APAC, Europe, Latin America, and MEA

Technavio's report, Global Voice Recognition Biometrics Market 2015-2019, 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 in the coming years. The report includes a discussion of the key vendors operating in this market.

Competitive landscape and key vendors

  • AGNITiO 
  • Nuance Communications
  • VoicePass Technology 
  • VoiceTrust
  • VoiceVault 

Other prominent vendors in the voice recognition market include M2SYS Technology, OneVault, SpeechPro, Uniphore, ValidSoft, Voice Security Systems

Market risk factors in the global voice recognition market 

  • High error rates
  • For a full, detailed list, view our report

Voice biometric trends in various sectors

  • Healthcare sector
  • For a full, detailed list, view our report

Key questions answered in this report

  • What will the voice recognition market size be in 2019 and what will the growth rate be?
  • What are the key voice recognition market trends?
  • What is driving the voice recognition biometrics market?
  • What are the challenges to the voice recognition biometrics 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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01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
03.1 Market Overview
04. Market Research Methodology
04.1 Market Research Process
04.2 Research Methodology
05. Introduction
06. Market Description
06.1 Working of Voice Biometrics
06.2 Business Value of Voice Biometrics
06.3 Comparison of Voice Biometrics to Other Biometric Technologies
06.3.1 Feature Comparison
06.3.2 FAR and FRR Comparison
06.4 Advantages and Disadvantages of Voice Biometrics
06.4.1 Advantages
06.4.2 Disadvantages
07. Market Landscape
07.1 Market Overview
07.2 Share of Voice Recognition Biometrics in Global Biometrics Market 2014 and 2019
07.3 Market Size and Forecast
07.4 Five Forces Analysis
08. Product Life Cycle Analysis
09. IoT: An Emerging Trend
10. Security Issues with Voice Biometrics
10.1 Security Risks with Voice Biometrics
10.2 Mitigating Voice Biometrics Risks
11. Current Applications of Voice Biometrics
11.1 New York Town Manor
11.2 Bell Canada
11.3 Password Journal
11.4 Password Reset
11.5 Banking
11.6 Law Enforcement
11.7 US Social Security Administration
12. Future Applications of Voice Biometrics
12.1 VISA
12.2 EBay
12.3 Personal Devices
12.4 Parking Garages
13. Market Segmentation by End-users
13.1 Global Voice Recognition Biometrics Market by End-users 2014-2019
13.2 Global Voice Recognition Biometrics Market in Government Sector
13.2.1 Market Size and Forecast
13.3 Global Voice Recognition Biometrics Market by Automotive Sector
13.3.1 Market Size and Forecast
13.4 Global Voice Recognition Biometrics Market by Healthcare Sector
13.4.1 Market Size and Forecast
13.5 Global Voice Recognition Biometrics Market by BFSI Sector
13.5.1 Market Size and Forecast
14. Geographical Segmentation
14.1 Global Voice Recognition Biometrics Market by Geography 2014-2019
14.1.1 Global Voice Recognition Biometrics Market by Geography 2014-2019 ($ millions)
14.1.2 Voice Recognition Biometrics Market in North America
14.1.3 Voice Recognition Biometrics Market in APAC
14.1.4 Voice Recognition Biometrics Market in Europe
14.1.5 Voice Recognition Biometrics Market in Latin America
14.1.6 Voice Recognition Biometrics Market in MEA
15. Market Risk Factors
16. Voice Biometric Trends in Various Sectors
17. Vendor Landscape
17.1 Vendor Matrix
17.2 Vendor Analysis
17.3 Key Partnerships
17.4 Key Acquisitions
17.5 Other Prominent Vendors
18. Key Vendor Analysis
18.1 Agnitio
18.1.1 Business overview
18.1.2 Product segmentation
18.1.3 Solutions
18.1.4 Key Partners
18.1.5 Recent developments
18.2 Nuance Communications
18.2.1 Business overview
18.2.2 Business segmentation by revenue 2014
18.2.3 Revenue comparison by business segment by 2013 and 2014 ($ million)
18.2.4 Geographical segmentation by revenue 2014
18.2.5 Key partners
18.2.6 Key subsidiaries
18.2.7 Business strategy
18.2.8 Recent developments
18.3 VoicePass
18.3.1 Business overview
18.3.2 Product offerings
18.3.3 Key Features
18.4 VoiceTrust
18.4.1 Business overview
18.4.2 Solution offerings:
18.4.3 Partners
18.4.4 Recent developments
18.5 VoiceVault
18.5.1 Business Overview
18.5.2 Solution Offerings
18.5.3 Recent Developments
19. Other Reports in this Series

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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