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Global Voice Recognition Biometrics Market 2015-2019

Published By :

Technavio

Published Date : Aug 2015

Category :

Biometrics

No. of Pages : 60 Pages

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 individuals 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?
PART 01: Executive summary
Highlights
PART 02: Scope of the report
Market overview
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Market description
How voice biometrics works
Business value of voice biometrics
Comparison between voice biometrics and other biometric technologies
Advantages and disadvantages of voice biometrics
PART 06: Market landscape
Market overview
Share of voice recognition biometrics in global biometrics market
Market size and forecast
Five forces analysis
PART 07: Product life cycle analysis
PART 08: IoT: An emerging trend
PART 09: Voice biometrics in various sectors
PART 10: Current applications of voice biometrics
PART 11: Future applications of voice biometrics
PART 12: Security issues with voice biometrics
Security risks with voice biometrics
Mitigating voice biometrics risks
PART 13: Market segmentation by end-user
Global voice recognition biometrics market by end-user 2014-2019
Global voice recognition biometrics market by government sector
Global voice recognition biometrics market by automotive sector
Global voice recognition biometrics market by healthcare sector
Global voice recognition biometrics market by BFSI sector
PART 14: Geographical segmentation
Global voice recognition biometrics market by region 2014-2019
PART 15: Challenges
PART 16: Vendor landscape
Vendor product matrix
PART 17: Summary of vendors
Key partnerships
Key acquisitions
Other prominent vendors
PART 18: Key vendor analysis
Agnitio
Nuance Communications
VoicePass
VoiceTrust
VoiceVault
PART 19: Appendix
List of abbreviations
PART 20: Explore Technavio

List of Exhibits
Exhibit 01: How voice biometrics work
Exhibit 02: Share of voice recognition biometrics in global biometrics market 2014 and 2019
Exhibit 03: Global voice recognition biometrics market 2014-2019 ($ millions)
Exhibit 04: Product life cycle analysis
Exhibit 05: Evolution of connected devices
Exhibit 06: Features of IoT
Exhibit 07: Global voice recognition biometrics market by end-user 2014-2019
Exhibit 08: Global voice recognition biometrics market in government sector 2014-2019 ($ millions)
Exhibit 09: Global voice recognition biometrics market in automotive sector 2014-2019 ($ millions)
Exhibit 10: Global voice recognition biometrics market in healthcare sector 2014-2019 ($ millions)
Exhibit 11: Global voice recognition biometrics market in BFSI sector 2014-2019 ($ millions)
Exhibit 12: Global voice recognition biometrics market by region 2014-2019
Exhibit 13: Global voice recognition biometrics market by region 2014-2019 ($ millions)

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