Voice biometrics is utilized for voice recognition through analysis of an individuals pitch, speech, voice and tone. In terms of security, it has a great advantage over passwords, as a password can be easily tracked or hacked; voice of an individual is as distinctive and unique as a fingerprint.
a voice is recognized in two patterns, namely text-dependent and text-independent. Gaining popularity among various sectors such as the entertainment industry, cloud computing, social networking, and building security is one of the major factors responsible to drive the growth of the voice biometrics market. Furthermore, huge demand for high-level security in the financial sector and increasing public awareness are also expected to provide growth to the market. A major factor restricting the growth of the market are issues related to privacy and high cost.
The report outlines the development of diverse regions and countries by including the market size, volume and value. It also contains the manufacturers data such as batch, price revenue, profit, interview record and business distributors.
The Voice Biometrics market size was xxx million USD with a CAGR xx % from 2015- 2019. It will stretch to xxx million USD in 2020 with a CAGR of xx % from 2020 to 2025.
in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
Global market, the following companies are covered:
Agnitio
American Safety Council
Bioid
Nuance Communications
OneValult
...
Market Segment by Product Type
Hardware
Software
Market Segment by Application
Automotive
Banking and Financial Service
Government Agency
Healthcare Industry
Mobile devices
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the companys product portfolio.
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Voice Biometrics market for the forecast period 2020 - 2025?
• What are the driving forces in the Voice Biometrics market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Voice Biometrics industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?