North America Voice Biometrics Market Growth, Size, Trends, Demand, Revenue and Future Outlook
North America Voice Biometrics Market Size- By Component, By Type, By Authentication Process, By Application, By Vertical- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Feb-2024 | Report ID: IACT2423 | Pages: 1 - 156 | Formats*: |
| Category : Information & Communications Technology | |||
North America Voice Biometrics Market Introduction and Overview
According to SPER Market Research, the North America Voice Biometrics Market is estimated to reach USD 4.5 Billion by 2033 with a CAGR of 20.1%.
The report includes an in-depth analysis of the North America Voice Biometrics Market, including market size and trends, product mix, applications, and supplier analysis. The term "voice biometrics" describes technology that uses an individual's voice's distinctive qualities—such as pitch, tone, and pronunciation—to identify and confirm that person's identity. It is a subset of the larger area of biometrics, which seeks to offer trustworthy and safe techniques for identification and authentication.
Market Opportunities and Challenges
Opportunities in the Voice Biometrics Market in North America:
- Growing Need for Secure Identity Verification: Voice biometrics growth is facilitated by growing security concerns and a growing need for safe authentication techniques.
- The Growing Adoption of Biometric Technology: In North America, voice biometrics is in a favourable environment because to the increased acceptance of biometric technologies, which are motivated by their accuracy and convenience.
- Governmental Efforts to Strengthen Security: Initiatives from the government to improve security, particularly in immigration and law enforcement, can spur the use of voice biometrics for identity verification.
Challenges confronting the voice biometrics market in North America
- Data security and privacy concerns: Growing knowledge of and worries about data security and privacy may provide difficulties, necessitating strict action to resolve and abide by laws.
- Technological Restrictions and Negatives/False Positives: False positives and negatives are examples of technological challenges that can affect how dependable and trustworthy speech biometrics systems are.
- Complexity of Integration: It can be difficult and expensive to integrate voice biometrics into current systems; infrastructure modifications and large investments may be necessary.
Market Competitive Landscape
There are several companies vying for market share in the fiercely competitive worldwide voice biometrics market. The major key players in the North America Voice Biometrics Market are: AimBrain Solutions Limited, LexisNexis Risk Solutions Inc., LumenVox LLC., NICE Ltd., Nuance Communications Inc., Phonexia, Uniphore Software Solutions Pvt. Ltd., Verint Systems Inc., Voice Biometrics Group, VoicePin.com, Others. To obtain a competitive edge, these businesses are concentrating on strategic alliances, product innovation, and mergers and acquisitions.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Component, By Type, By Authentication Process, By Application, By Vertical |
| Regions covered | Canada, Mexico, US and rest of North America |
| Companies Covered | AimBrain Solutions Limited, LexisNexis Risk Solutions Inc., LumenVox LLC., NICE Ltd., Nuance Communications Inc., Phonexia, Uniphore Software Solutions Pvt. Ltd., Verint Systems Inc., Voice Biometrics Group, VoicePin.com, Others |
COVID-19 Impact on North America Voice Biometrics Market
The lockdown brought on by the COVID-19 pandemic in 2020 created a brief halt in the voice biometrics market, which affected a number of businesses, most notably manufacturing, transportation, logistics, and retail. Worldwide industries were impacted by supply chain and operational disruptions. While necessities were exempt, a lack of labourers hampered output. By the beginning of 2021, things should be better. Notwithstanding the difficulties, a spike in the market for voice biometrics services and solutions is anticipated in 2021. Businesses are looking for digital transformation, personalised connections, and improved consumer experiences. Reducing operational expenses, strengthening fraud detection, improving authentication, and facilitating real-time decision-making to promote the market adoption of voice identification are among the top priorities.
Key Target Audience:
- Authentication Solution Providers
- Automotive Industry
- Customer Service and Call Center Providers
- Financial Institutions
- Healthcare Organizations
- Law Enforcement and Security Agencies
- Retail and E-commerce Companies
- Technology and Security Consultants
- Technology Solution Providers
- Telecommunication Companies
- Others
Our in-depth analysis of the North America Voice Biometrics Market includes the following segments:
| By Component: |
|
| By Type: |
|
| By Authentication Process: |
|
| By Vertical: |
|
Key Topics Covered in the Report:
- North America Voice Biometrics Market Size (FY’2023-FY’2033)
- Overview of North America Voice Biometrics Market
- Segmentation of North America Voice Biometrics Market By Component (Services, Solution)
- Segmentation of North America Voice Biometrics Market By Type (Active Voice Biometrics, Passive Voice Biometrics)
- Segmentation of North America Voice Biometrics Market By Authentication Process (Agent-assisted, Automated IVR, Employee Authentication, Mobile Application)
- Segmentation of North America Voice Biometrics Market By Application (Access Control, Authentication and Customer Verification, Forensic Voice Analysis and Criminal Investigation, Fraud Detection and Prevention, Risk and Emergency Management, Transaction Processing, Workforce Management, Others)
- Segmentation of North America Voice Biometrics Market By Vertical (BFSI, Energy & Utilities, Government & Defense, Healthcare & Life Sciences, IT & Telecom, Retail & E-commerce, Transportation & Logistics, Travel & Hospitality, Others)
- Statistical Snap of North America Voice Biometrics Market
- Expansion Analysis of North America Voice Biometrics Market
- Problems and Obstacles in North America Voice Biometrics Market
- Competitive Landscape in the North America Voice Biometrics Market
- Impact of COVID-19 and Demonetization on North America Voice Biometrics Market
- Details on Current Investment in North America Voice Biometrics Market
- Competitive Analysis of North America Voice Biometrics Market
- Prominent Players in the North America Voice Biometrics Market
- SWOT Analysis of North America Voice Biometrics Market
- North America Voice Biometrics Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the North America Voice Biometrics Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. North America Voice Biometrics Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in North America Voice Biometrics Market
7. North America Voice Biometrics Market, By Component (USD Million)
7.1. North America Voice Biometrics Market Value Share and Forecast, By Component, 2023-20337.2. Services7.3. Solution
8. North America Voice Biometrics Market, By Type (USD Million)
8.1. North America Voice Biometrics Market Value Share and Forecast, By Type, 2023-20338.2. Active Voice Biometrics8.3. Passive Voice Biometrics
9. North America Voice Biometrics Market, By Authentication Process (USD Million)
9.1. North America Voice Biometrics Market Value Share and Forecast, By Authentication Process, 2023-20339.2. Agent-assisted9.3. Automated IVR9.4. Employee Authentication9.5. Mobile Application
10. North America Voice Biometrics Market, By Application (USD Million)
10.1. North America Voice Biometrics Market Value Share and Forecast, By Application, 2023-203310.2. Access Control10.3. Authentication and Customer Verification10.4. Forensic Voice Analysis and Criminal Investigation10.5. Fraud Detection and Prevention10.6. Risk and Emergency Management10.7. Transaction Processing10.8. Workforce Management10.9. Others
11. North America Voice Biometrics Market, By Vertical (USD Million)
11.1. North America Voice Biometrics Market Value Share and Forecast, By Vertical, 2023-203311.2. BFSI11.3. Energy & Utilities11.4. Government & Defense11.5. Healthcare & Life Sciences11.6. IT & Telecom11.7. Retail & E-commerce11.8. Transportation & Logistics11.9. Travel & Hospitality11.10. Others
12. North America Voice Biometrics Market Forecast, 2019-2033 (USD Million)
12.1. North America Voice Biometrics Market Size and Market Share
13. North America Voice Biometrics Market, By Component, 2019-2033 (USD Million)
13.1. North America Voice Biometrics Market Size and Market Share By Component (2019-2026)13.2. North America Voice Biometrics Market Size and Market Share By Component (2027-2033)
14. North America Voice Biometrics Market, By Type, 2019-2033 (USD Million)
14.1. North America Voice Biometrics Market Size and Market Share By Type (2019-2026)14.2. North America Voice Biometrics Market Size and Market Share By Type (2027-2033)
15. North America Voice Biometrics Market, By Authentication Process, 2019-2033 (USD Million)
15.1. North America Voice Biometrics Market Size and Market Share By Authentication Process (2019-2026)15.2. North America Voice Biometrics Market Size and Market Share By Authentication Process (2027-2033)
16. North America Voice Biometrics Market, By Application, 2019-2033 (USD Million)
16.1. North America Voice Biometrics Market Size and Market Share By Application (2019-2026)16.2. North America Voice Biometrics Market Size and Market Share By Application (2027-2033)
17. North America Voice Biometrics Market, By Vertical, 2019-2033 (USD Million)
17.1. North America Voice Biometrics Market Size and Market Share By Vertical (2019-2026)17.2. North America Voice Biometrics Market Size and Market Share By Vertical (2027-2033)
18. North America Voice Biometrics Market, By Region, 2019-2033 (USD Million)
18.1. North America Voice Biometrics Market Size and Market Share By Region (2019-2026)18.2. North America Voice Biometrics Market Size and Market Share By Region (2027-2033)18.3. Canada18.4. Mexico18.5. US18.6. Rest of North America
19. Company Profile
19.1. AimBrain Solutions Limited19.1.1. Company details19.1.2. Financial outlook19.1.3. Product summary19.1.4. Recent developments19.2. LexisNexis Risk Solutions Inc.19.2.1. Company details19.2.2. Financial outlook19.2.3. Product summary19.2.4. Recent developments19.3. LumenVox LLC19.3.1. Company details19.3.2. Financial outlook19.3.3. Product summary19.3.4. Recent developments19.4. NICE Ltd.19.4.1. Company details19.4.2. Financial outlook19.4.3. Product summary19.4.4. Recent developments19.5. Nuance Communications Inc.19.5.1. Company details19.5.2. Financial outlook19.5.3. Product summary19.5.4. Recent developments19.6. Phonexia19.6.1. Company details19.6.2. Financial outlook19.6.3. Product summary19.6.4. Recent developments19.7. Uniphore Software Solutions Pvt. Ltd.19.7.1. Company details19.7.2. Financial outlook19.7.3. Product summary19.7.4. Recent developments19.8. Verint Systems Inc.19.8.1. Company details19.8.2. Financial outlook19.8.3. Product summary19.8.4. Recent developments19.9. Voice Biometrics Group19.9.1. Company details19.9.2. Financial outlook19.9.3. Product summary19.9.4. Recent developments19.10. VoicePin.com19.10.1. Company details19.10.2. Financial outlook19.10.3. Product summary19.10.4. Recent developments19.11. Others
20. List of Abbreviations
21. Reference Links
22. Conclusion
23. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
North America Voice Biometrics Market is projected to reach USD 4.5 Billion by 2033, growing at a CAGR of 20.1% during the forecast period.
North America Voice Biometrics Market grew in market size from 2023. The Market is expected to reach USD 4.5 Billion by 2033, at a CAGR of 20.1% during the forecast period.
North America Voice Biometrics Market CAGR of 20.1% during the forecast period.
You can get the sample pages by clicking the link -Click Here
North America Voice Biometrics Market size is USD 4.5 Billion from 2023 to 2033.
North America Voice Biometrics Market Segment is Covered By Component, By Type, By Authentication Process, By Application, By Vertical
The North America region is anticipated to have the highest market share in North America Voice Biometrics Market.
The key players in the market include Companies Covered AimBrain Solutions Limited, LexisNexis Risk Solutions Inc., LumenVox LLC., NICE Ltd., Nuance Communications Inc., Phonexia, Uniphore Software Solutions Pvt. Ltd., Verint Systems Inc., Voice Biometrics Group, VoicePin.com, Others
Voice biometrics growth is facilitated by growing security concerns and a growing need for safe authentication techniques.
PLACE AN ORDER
Year End Discount
Sample Report
Pre-Purchase Inquiry
NEED CUSTOMIZATION?
Request CustomizationCALL OR EMAIL US
100% Secure Payment
Related Reports
Have a glance of the Report
Our Global Clients
Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
