Global Voice Recognition Biometrics Market 2020-2024
Technavio has been monitoring the voice recognition biometrics market and it is poised to grow by USD 2.60 bn during 2020-2024 progressing at a CAGR of 19% during the forecast period. Our reports on 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 global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rising prominence of voice recognition biometrics in BFSI sector and increased adoption in healthcare sector. In addition, use of biometric voice recognition in the healthcare sector is anticipated to boost the growth of the market as well.
The voice recognition biometrics market analysis includes end-user segment and geographic landscapes
Technavio's voice recognition biometrics market is segmented as below:
By Geographic Landscapes
- North America
- South America
This study identifies the popularity of voice recognition among law enforcement as one of the prime reasons driving the voice recognition biometrics market growth during the next few years.
"Technavio 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. Our voice recognition biometrics market covers the following areas:
- Voice recognition biometrics market sizing
- Voice recognition biometrics market forecast
- Voice recognition biometrics market industry analysis"
Technavio's 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 Auraya Systems Pty. Ltd., Cantab Research Ltd., LumenVox LLC, M2SYS Technology, NICE Ltd., Nuance Communications Inc., OneVault Pty. Ltd., Speech Technology Center Ltd., Uniphore Software Systems Pvt. Ltd., Verint Systems Inc., and VoiceIt Technologies LLC. 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 on 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.
Technavio 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 research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.