Global Voice Recognition Biometrics Market 2020-2024

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 End-user

  • BFSI
  • Government
  • Telecommunications
  • Healthcare
  • Others
By Geographic Landscapes
  • North America
  • APAC
  • Europe
  • South America
  • MEA
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.


  • Executive Summary
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market characteristics
    • Value chain analysis
      • Table Value chain analysis: Systems software
      • Inputs
      • Software development
      • Marketing and distribution
      • Post-sales services
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024
      • Table Global - Market size and forecast 2019 - 2024 ($ million)
      • Table Global voice recognition biometrics market 2019-2024 – Market size and forecast ($ million), exclusive of COVID impact
      • Table Global market: Year-over-year growth 2019 - 2024 (%)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis 2019 & 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market Segmentation by End-user
    • Market segments
      • Table End-user - Market share 2019-2024 (%)
    • Comparison by End-user
      • Table Comparison by End user
    • BFSI - Market size and forecast 2019-2024
      • Table BFSI - Market size and forecast 2019-2024 ($ million)
      • Table Global voice recognition biometrics market for BFSI 2019-2024 – Market size and forecast ($ million), exclusive of COVID impact
      • Table BFSI - Year-over-year growth 2019-2024 (%)
    • Government - Market size and forecast 2019- 2024
      • Table Government - Market size and forecast 2019-2024 ($ million)
      • Table Global voice recognition biometrics market for government 2019-2024 – Market size and forecast ($ million), exclusive of COVID impact
      • Table Government - Year-over-year growth 2019-2024 (%)
    • Telecommunications - Market size and forecast 2019-2024
      • Table Telecommunications - Market size and forecast 2019-2024 ($ million)
      • Table Global voice recognition biometrics market for telecommunications 2019-2024 – Market size and forecast ($ million), exclusive of COVID impact
      • Table Telecommunications - Year-over-year growth 2019-2024 (%)
    • Healthcare - Market size and forecast 2019-2024
      • Table Healthcare - Market size and forecast 2019-2024 ($ million)
      • Table Global voice recognition biometrics market for healthcare 2019-2024 – Market size and forecast ($ million), exclusive of COVID impact
      • Table Healthcare - Year-over-year growth 2019-2024 (%)
    • Others - Market size and forecast 2019-2024
      • Table Others - Market size and forecast 2019-2024 ($ million)
      • Table Global voice recognition biometrics market for other end-users 2019-2024 – Market size and forecast ($ million), exclusive of COVID impact
      • Table Others - Year-over-year growth 2019-2024 (%)
    • Market opportunity by End-user
      • Table Market opportunity by End-user
  • Customer Landscape
    • Table Customer landscape
  • Geographic Landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2019- 2024
      • Table North America - Market size and forecast 2019-2024 ($ million)
      • Table Voice recognition biometrics market for North America 2019-2024 – Market size and forecast ($ million), exclusive of COVID impact
      • Table North America - Year-over-year growth 2019-2024 (%)
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 ($ million)
      • Table Voice recognition biometrics market for APAC 2019-2024 – Market size and forecast ($ million), exclusive of COVID impact
      • Table APAC - Year-over-year growth 2019-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 ($ million)
      • Table Voice recognition biometrics market for Europe 2019-2024 – Market size and forecast ($ million), exclusive of COVID impact
      • Table Europe - Year-over-year growth 2019-2024 (%)
    • South America - Market size and forecast 2019- 2024
      • Table South America - Market size and forecast 2019-2024 ($ million)
      • Table Voice recognition biometrics market for South America 2019-2024 – Market size and forecast ($ million), exclusive of COVID impact
      • Table South America - Year-over-year growth 2019-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 ($ million)
      • Table Voice recognition biometrics market for MEA 2019-2024 – Market size and forecast ($ million), exclusive of COVID impact
      • Table MEA - Year-over-year growth 2019-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Rising prominence of voice recognition biometrics in BFSI sector
      • Increased adoption in healthcare sector
      • Popularity of voice recognition among law enforcement
    • Market challenges
      • Lack of accuracy
      • Lack of standardization
      • Vulnerability of biometric systems
        • Table Impact of drivers and challenges
    • Market trends
      • Introduction of voice recognition biometrics in automotive sector
      • Introduction of voice recognition in multimodal biometrics
      • Introduction of voice recognition biometrics in wearables
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
      • Table Industry risks
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Auraya Systems Pty. Ltd.
      • Table Auraya Systems Pty. Ltd. - Overview
      • Table Auraya Systems Pty. Ltd. - Product and service
      • Table Auraya Systems Pty. Ltd. - Key news
      • Table Auraya Systems Pty. Ltd. - Key offerings
    • LumenVox LLC
      • Table LumenVox LLC - Overview
      • Table LumenVox LLC - Product and service
      • Table LumenVox LLC - Key news
      • Table LumenVox LLC - Key offerings
    • M2SYS Technology
      • Table M2SYS Technology - Overview
      • Table M2SYS Technology - Product and service
      • Table M2SYS Technology - Key offerings
    • NICE Ltd.
      • Table NICE Ltd. - Overview
      • Table NICE Ltd. - Business segments
      • Table NICE Ltd. - Key news
      • Table NICE Ltd. - Key offerings
    • Nuance Communications Inc.
      • Table Nuance Communications Inc. - Overview
      • Table Nuance Communications Inc. - Business segments
      • Table Nuance Communications Inc. - Key news
      • Table Nuance Communications Inc. - Key offerings
      • Table Nuance Communications Inc. - Segment focus
    • OneVault Pty. Ltd.
      • Table OneVault Pty. Ltd. - Overview
      • Table OneVault Pty. Ltd. - Product and service
      • Table OneVault Pty. Ltd. - Key news
      • Table OneVault Pty. Ltd. - Key offerings
    • Speech Technology Center Ltd.
      • Table Speech Technology Center Ltd. - Overview
      • Table Speech Technology Center Ltd. - Product and service
      • Table Speech Technology Center Ltd. - Key news
      • Table Speech Technology Center Ltd. - Key offerings
    • Uniphore Software Systems Pvt. Ltd.
      • Table Uniphore Software Systems Pvt. Ltd. - Overview
      • Table Uniphore Software Systems Pvt. Ltd. - Product and service
      • Table Uniphore Software Systems Pvt. Ltd. - Key news
      • Table Uniphore Software Systems Pvt. Ltd. - Key offerings
    • Verint Systems Inc.
      • Table Verint Systems Inc. - Overview
      • Table Verint Systems Inc. - Business segments
      • Table Verint Systems Inc. - Key news
      • Table Verint Systems Inc. - Key offerings
      • Table Verint Systems Inc. - Segment focus
    • VoiceIt Technologies LLC
      • Table VoiceIt Technologies LLC - Overview
      • Table VoiceIt Technologies LLC - Product and service
      • Table VoiceIt Technologies LLC - Key news
      • Table VoiceIt Technologies LLC - Key offerings
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research Methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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