Europe Voice Biometrics Market By Component (Solution, Services), Application (Access Control and Authentication, Fraud Detection and Prevention, Forensic Voice Analysis and Criminal Investigation), Organization Size (Large Enterprises, Small and Medium Enterprises), Type (Active Voice Biometrics, Passive Voice Biometrics), End User (BFSI, Healthcare and Life Sciences,Retail and Ecommerce, Telecom and IT, Government and Defense)
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The Europe Voice Biometrics Market would witness market growth of 21.8% CAGR during the forecast period (2018 - 2024). With the ongoing rise of identity theft and a company willingness to securely assist client access information as quickly as possible, "voice biometrics" has appeared as a way to address these difficulties and secure client data. Voice biometrics can also be used alone to provide a reliable method of authentication via "voiceprints" or as part of a two-factor authentication process paired with something that the customer "knows" (such as a password or PIN) or "has" (such as a cell phone with a caller ID or credit card), to provide an additional layer of safety for sensitive data and financial transactions.
Voice biometrics Software provides several opportunities for countries which intend to invest in developing new technological features across various industries. Vendors are boosting the use of voice biometric software owing to their sophisticated features that provide authentication software, client and customer verification, and verification for payment purposes.
Based in Component, the market is segmented into Solutions and Services. Based on Application, the market is segmented into Access Control & Authentication, Fraud Detection & Prevention, and Forensic Voice Analysis & Criminal Investigation. Based on Organization size, the market is segmented into large enterprises and Small & Medium Sized entertainment. Based on Type, the market is segmented into Active Voice biometrics and Passive Voice Biometrics. Based on End User, the market is segmented into BFSI, Healthcare & Life Sciences, Retail & Ecommerce, Telecom & IT, Government & Defense, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Nuance Communications Inc., Verint Systems Inc., NICE Ltd., LexisNexis Risk Solutions Inc., Voice Biometrics Group, AimBrain Solutions Limited, Phonexia, VoicePin.com, Uniphore Software Solutions Pvt. Ltd., and LumenVox LLC.
Scope of the Voice Biometrics Market Analysis
- Access Control & Authentication
- Fraud Detection & Prevention
- Forensic Voice Analysis & Criminal Investigation
By Organization Size
- Large Enterprises
- Small & Medium-Sized Enterprises
- Active Voice Biometrics
- Passive Voice Biometrics
By End User
- Healthcare & Life Sciences
- Retail & Ecommerce
- Telecom & IT
- Government & Defense
- Rest of Europe
- Nuance Communications Inc.
- Verint Systems Inc.
- NICE Ltd.
- LexisNexis Risk Solutions Inc.
- Voice Biometrics Group
- AimBrain Solutions Limited
- Uniphore Software Solutions Pvt. Ltd.
- LumenVox LLC.
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