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North America Voice Biometrics Market Size, Share & Trends Analysis Report By Type, By Component (Solutions and Services), By Deployment Model, By Application, By Enterprise Size, By End User, By Country and Growth Forecast, 2024 - 2031

Publisher Knowledge Based Value (KBV) Research
Published Dec 06, 2024
Length 121 Pages
SKU # KBV19422040

Description

North America Voice Biometrics Market Size, Share & Trends Analysis Report By Type, By Component (Solutions and Services), By Deployment Model, By Application, By Enterprise Size, By End User, By Country and Growth Forecast, 2024 - 2031


The North America Voice Biometrics Market would witness market growth of 17.7% CAGR during the forecast period (2024-2031).

The US market dominated the North America Voice Biometrics Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2,328.9 million by 2031. The Canada market is exhibiting a CAGR of 20.1% during (2024 - 2031). Additionally, The Mexico market would experience a CAGR of 19.3% during (2024 - 2031).

Voice biometrics is widely applicable across several sectors, providing solutions for both security and personalization. The banking and financial services industry is one of the most prominent adopters of voice biometrics. With the growing threat of identity theft and fraud, financial institutions are turning to voice recognition technology to strengthen customer authentication methods. Through voice biometrics, customers can securely access their accounts, conduct transactions, and interact with customer service representatives without remembering passwords or security questions.

Additionally, this provides a more secure and convenient method of authentication that reduces the risks of unauthorized access. Customers authenticate themselves through their voice when interacting with automated systems or customer service agents. Mobile payment systems integrate voice biometrics for secure and seamless transactions.

The significant growth in e-commerce in Mexico and the substantial investments in healthcare in Canada are influencing the expansion of various technological industries, including voice biometrics. Mexico has emerged as one of the leaders in e-commerce growth, with the International Trade Administration (ITA) reporting a 23% increase in the e-commerce sector value in 2022, reaching USD 26.2 billion. As Mexico continues to experience significant digital transformation, the e-commerce sector is booming, with 63 million Mexicans using e-commerce platforms in 2022, an increase of 5.5 million compared to the previous year. This rapid expansion indicates a shift towards online shopping, mobile commerce, and digital transactions nationwide. As e-commerce grows, businesses are under increasing pressure to secure online transactions, safeguard customer data, and provide frictionless authentication processes.

Based on Type, the market is segmented into Active Biometrics and Passive Biometrics. Based on Component, the market is segmented into Solutions and Services. Based on Deployment Model, the market is segmented into Cloud and On-premise. Based on Application, the market is segmented into Access Control and Authentication, Fraud Detection & Prevention, and Forensic Voice Analysis and Criminal Investigation. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises (SMEs). Based on End User, the market is segmented into BFSI, Healthcare & Life Sciences, Retail & E-commerce, Telecom & IT, Government & Defense, and Other End User. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled
  • Nuance Communications, Inc. (Microsoft Corporation)
  • Verint Systems, Inc.
  • NICE Ltd.
  • Fortra, LLC (HGGC)
  • Aware, Inc.
  • BioCatch Ltd.
  • RELX PLC (LexisNexis Risk Solutions, Inc.)
  • Pindrop Security
  • Phonexia
  • VoicePin.com
North America Voice Biometrics Market Report Segmentation

By Type
  • Active Biometrics
  • Passive Biometrics
By Component
  • Solutions
  • Services
By Deployment Model
  • Cloud
  • On-premise
By Application
  • Access Control and Authentication
  • Fraud Detection & Prevention
  • Forensic Voice Analysis and Criminal Investigation
By Enterprise Size
  • Large Enterprises
  • Small & Medium Enterprises (SMEs)
By End User
  • BFSI
  • Healthcare & Life Sciences
  • Retail & E-commerce
  • Telecom & IT
  • Government & Defense
  • Other End User
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

121 Pages
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Voice Biometrics Market, by Type
1.4.2 North America Voice Biometrics Market, by Component
1.4.3 North America Voice Biometrics Market, by Deployment Model
1.4.4 North America Voice Biometrics Market, by Application
1.4.5 North America Voice Biometrics Market, by Enterprise Size
1.4.6 North America Voice Biometrics Market, by End User
1.4.7 North America Voice Biometrics Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis – Global
4.1 Market Share Analysis, 2023
4.2 Porter Five Forces Analysis
Chapter 5. North America Voice Biometrics Market by Type
5.1 North America Active Biometrics Market by Region
5.2 North America Passive Biometrics Market by Region
Chapter 6. North America Voice Biometrics Market by Component
6.1 North America Solutions Market by Region
6.2 North America Services Market by Region
Chapter 7. North America Voice Biometrics Market by Deployment Model
7.1 North America Cloud Market by Country
7.2 North America On-premise Market by Country
Chapter 8. North America Voice Biometrics Market by Application
8.1 North America Access Control and Authentication Market by Country
8.2 North America Fraud Detection & Prevention Market by Country
8.3 North America Forensic Voice Analysis and Criminal Investigation Market by Country
Chapter 9. North America Voice Biometrics Market by Enterprise Size
9.1 North America Large Enterprises Market by Country
9.2 North America Small & Medium Enterprises (SMEs) Market by Country
Chapter 10. North America Voice Biometrics Market by End User
10.1 North America BFSI Market by Country
10.2 North America Healthcare & Life Sciences Market by Country
10.3 North America Retail & E-commerce Market by Country
10.4 North America Telecom & IT Market by Country
10.5 North America Government & Defense Market by Country
10.6 North America Other End User Market by Country
Chapter 11. North America Voice Biometrics Market by Country
11.1 US Voice Biometrics Market
11.1.1 US Voice Biometrics Market by Type
11.1.2 US Voice Biometrics Market by Component
11.1.3 US Voice Biometrics Market by Deployment Model
11.1.4 US Voice Biometrics Market by Application
11.1.5 US Voice Biometrics Market by Enterprise Size
11.1.6 US Voice Biometrics Market by End User
11.2 Canada Voice Biometrics Market
11.2.1 Canada Voice Biometrics Market by Type
11.2.2 Canada Voice Biometrics Market by Component
11.2.3 Canada Voice Biometrics Market by Deployment Model
11.2.4 Canada Voice Biometrics Market by Application
11.2.5 Canada Voice Biometrics Market by Enterprise Size
11.2.6 Canada Voice Biometrics Market by End User
11.3 Mexico Voice Biometrics Market
11.3.1 Mexico Voice Biometrics Market by Type
11.3.2 Mexico Voice Biometrics Market by Component
11.3.3 Mexico Voice Biometrics Market by Deployment Model
11.3.4 Mexico Voice Biometrics Market by Application
11.3.5 Mexico Voice Biometrics Market by Enterprise Size
11.3.6 Mexico Voice Biometrics Market by End User
11.4 Rest of North America Voice Biometrics Market
11.4.1 Rest of North America Voice Biometrics Market by Type
11.4.2 Rest of North America Voice Biometrics Market by Component
11.4.3 Rest of North America Voice Biometrics Market by Deployment Model
11.4.4 Rest of North America Voice Biometrics Market by Application
11.4.5 Rest of North America Voice Biometrics Market by Enterprise Size
11.4.6 Rest of North America Voice Biometrics Market by End User
Chapter 12. Company Profiles
12.1 Nuance Communications, Inc. (Microsoft Corporation)
12.1.1 Company Overview
12.1.2 Financial Analysis
12.1.3 Segmental and Regional Analysis
12.1.4 Research & Development Expenses
12.1.5 Recent strategies and developments:
12.1.5.1 Partnerships, Collaborations, and Agreements:
12.1.6 SWOT Analysis
12.2 Verint Systems, Inc.
12.2.1 Company Overview
12.2.2 Financial Analysis
12.2.3 Regional Analysis
12.2.4 Research and Development Expense
12.2.5 Recent strategies and developments:
12.2.5.1 Partnerships, Collaborations, and Agreements:
12.3 NICE Ltd.
12.3.1 Company Overview
12.3.2 Financial Analysis
12.3.3 Segmental and Regional Analysis
12.3.4 Research & Development Expenses
12.3.5 SWOT Analysis
12.4 Fortra, LLC (HGGC)
12.4.1 Company Overview
12.4.2 SWOT Analysis
12.5 Aware, Inc.
12.5.1 Company Overview
12.5.2 Financial Analysis
12.5.3 Segmental and Regional Analysis
12.5.4 Research & Development Expenses
12.5.5 SWOT Analysis
12.6 BioCatch Ltd.
12.6.1 Company Overview
12.7 RELX PLC (LexisNexis Risk Solutions, Inc.)
12.7.1 Company Overview
12.7.2 Financial Analysis
12.7.3 Segmental and Regional Analysis
12.8 Pindrop Security
12.8.1 Company Overview
12.8.2 Recent strategies and developments:
12.8.2.1 Acquisition and Mergers:
12.9 Phonexia
12.9.1 Company Overview
12.9.2 Recent strategies and developments:
12.9.2.1 Product Launches and Product Expansions:
12.10. VoicePin.com
12.10.1 Company Overview

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