Global Voice Recognition Biometrics Market 2015-2019

Global Voice Recognition Biometrics Market 2015-2019

Category : ICT & Media
Published On : August  2015
Pages : 67



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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)


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