About voice recognition biometrics
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.
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 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
Technavio's analysts forecast the global voice recognition biometrics market to grow at a CAGR of 22.15% during 2014-2019.
Covered in this report
This report covers the present scenario and the growth prospects of the global voice recognition biometrics market for 2015-2019. To calculate the 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.
The report provides a detailed analysis of the following:
• 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.
Key vendors
• AGNITiO
• Nuance Communications
• VoicePass Technology
• VoiceTrust
• VoiceVault
Other prominent vendors
• M2SYS Technology
• OneVault
• SpeechPro
• Uniphore
• ValidSoft
• Voice Security Systems
Market risk factors
• 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 market size be in 2019 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?
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
List of Exhibits:
Exhibit 1: Market Research Methodology
Exhibit 2: Working of Voice Biometrics
Exhibit 3: Share of Voice Recognition Biometrics in Global Biometrics Market 2014 and 2019
Exhibit 4: Global Voice Recognition Biometrics Market 2014-2019 ($ millions)
Exhibit 5: Product Life Cycle Analysis
Exhibit 6: Evolution of connected devices
Exhibit 7: Features of IoT
Exhibit 8: Global Voice Recognition Biometrics Market by End-users 2014-2019
Exhibit 9: Global Voice Recognition Biometrics Market in Government Sector 2014-2019 ($ millions)
Exhibit 10: Global Voice Recognition Biometrics Market by Automotive Sector 2014-2019 ($ millions)
Exhibit 11: Global Voice Recognition Biometrics Market by Healthcare Sector 2014-2019 ($ millions)
Exhibit 12: Global Voice Recognition Biometrics Market by BFSI Sector 2014-2019 ($ millions)
Exhibit 13: Global Voice Recognition Biometrics Market by Geography 2014-2019
Exhibit 14: Global Voice Recognition Biometrics Market by Geography 2014-2019 ($ millions)
Contact us at the Consulting WP office nearest to you or submit a business inquiry online.
Subscribe to Our Newsletter
Published On : December 2019
$ 3600
Published On : November 2019
$ 3600
Published On : November 2019
$ 3600
Published On : November 2019
$ 3600
$ 3950