North America 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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Market Report Description
The North America Voice Biometrics Market would witness market growth of 21.2% CAGR during the forecast period (2018 - 2024). The Voice Recognition technology is used in various applications owing to the rapid growth in the acceptance of mobile & cloud technology and unmatched technological advancements in computing powers. The healthcare industry is likely to largely contribute in the growth of the voice recognition technology, majorly due to the adoption of this technology for producing health related data records.
The voice recognition technology can be a potential replacement technology to conventional methods that are still prevalent. The emergence of AI based systems would add to the market proliferation over the forecast period. Deep learning algorithm used to improve search results is a major technological edge which would contribute largely to development of the AI based voice recognition market.
Vendors across the globe focus more on enhancing the voice biometric technological aspects of the biometric technology. Public agencies and private companies are also laying emphasis on delivering voice biometric software primarily owing to the advantages provided by the biometric technology. This is also because the software is highly effective in optimizing the performance and infrastructure of organizations across regions.
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 U.S., Mexico, Canada, and Rest of North America.
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 North America
- 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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