Summary

Voice Biometrics Authentication Market
The voice biometrics authentication market was valued at $1.9 billion in 2023 and is projected to reach $9.0 billion by 2033, growing at a CAGR of 16.5% from 2024 to 2033.
Voice biometrics authentication is a technology that utilizes the voice of an individual to confirm their identity. This technology distinguishes the voice of an individual from others by assessing the unique characteristics such as tone, pitch, cadence, and accent. This authentication method finds applications in different sectors such as financial services, call centers, healthcare, and law enforcement.

Increase in demand for seamless and contactless verification methods is a key driver of the voice biometrics authentication market. In addition, upsurge in the use of voice assistants such as Google Assistant or Amazon Alexa has fueled the adoption of voice biometrics, thereby augmenting the development of the market. To enhance the protection against frauds and synthetic speech generation, the assimilation of liveness detection technology into voice biometrics authentication is trending in the market. This assimilation determines the authenticity of voice sample and boosts security in different applications by analyzing factors such as background noise, speech dynamics, and voice inflections.

However, the evolving capabilities of frauds through AI-generated synthetic voices result in data security concerns, which hampers the development of the market. Moreover, the possibilities of false rejections and misidentifications due to technical challenges deter several organizations from adopting voice biometrics authentication solutions, thereby restraining the market growth. Contrarily, expansion of the autonomous vehicles industry is projected to present new avenues for the market as voice biometrics authentication is a crucial component of these vehicles for convenience and added safety. According to a 2024 survey by McKinsey—an American management consulting firm—by 2030, level 4 robo-taxis are anticipated to be commercially available at a large scale. Therefore, increase in the manufacturing of autonomous cars is an indicator of the promising future of the voice biometrics authentication market.

Segment Review
The voice biometrics authentication market is segmented into type, deployment mode, enterprise size, industry vertical, and region. On the basis of type, the market is bifurcated into active biometrics and passive biometrics. According to deployment mode, it is divided into on-premise and cloud. As per enterprise size, it is classified into SME and large enterprise. According to industry vertical, it is categorized into BFSI, retail & e-commerce, telecommunications & IT, government & defense, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings
On the basis of type, the active biometrics segment dominated the market in 2023.
According to deployment mode, the on-premise segment acquired a notable stake in the market in 2023.
As per enterprise size, the large enterprise segment was the highest shareholder in 2023.
According to industry vertical, the BFSI segment garnered the highest market share in 2023.
Region wise, North America was the highest revenue generator in 2023.
Competition Analysis
The leading players operating in the global voice biometrics authentication market include Microsoft Corporation, Verint Systems Inc., Voice Biometrics Group, NICE Ltd., Auraya Inc., Phonexia SRO, BioCatch Ltd., Pindrop Security Inc., Aculab Inc., and LumenVox. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the competitive market.

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● Quarterly Update and* (only available with a corporate license, on listed price)
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● Free Upcoming Version on the Purchase of Five and Enterprise User License.
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● 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
● Free data Pack on the Five and Enterprise User License. (Excel version of the report)
● Free Updated report if the report is 6-12 months old or older.
● 24-hour priority response*
● Free Industry updates and white papers.

Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)
● End user preferences and pain points
● Industry life cycle assessment, by region
● Product Benchmarking / Product specification and applications
● Product Life Cycles
● Scenario Analysis & Growth Trend Comparison
● Technology Trend Analysis
● Go To Market Strategy
● Market share analysis of players by products/segments
● New Product Development/ Product Matrix of Key Players
● Pain Point Analysis
● Regulatory Guidelines
● Strategic Recommendations
● Additional company profiles with specific to client's interest
● Additional country or region analysis- market size and forecast
● Brands Share Analysis
● Criss-cross segment analysis- market size and forecast
● Expanded list for Company Profiles
● Historic market data
● Market share analysis of players at global/region/country level
● SWOT Analysis
Key Market Segments
By Type
● Active Biometrics
● Passive Biometrics
By Deployment Mode
● On-Premise
● Cloud
By Enterprise Size
● SME
● Large Enterprise
By Industry Vertical
● BFSI
● Retail and E-commerce
● Telecommunications and IT
● Government and Defense
● Others
By Region
● North America
○ U.S.
○ Canada
● Europe
○ France
○ Germany
○ Italy
○ Spain
○ UK
○ Rest of Europe
● Asia-Pacific
○ China
○ Japan
○ India
○ South Korea
○ Australia
○ Rest of Asia-Pacific
● LAMEA
○ Latin America
○ Middle East
○ Africa
● Key Market Players
○ Microsoft Corporation
○ Verint Systems Inc
○ Voice Biometrics Group
○ NICE Ltd
○ Auraya Inc.
○ Phonexia SRO
○ BioCatch Ltd
○ Pindrop Security Inc.
○ Aculab Inc.
○ LumenVox

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET LANDSCAPE
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
3.3.1. Bargaining Power of Suppliers
3.3.2. Threat of New Entrants
3.3.3. Threat of Substitutes
3.3.4. Competitive Rivalry
3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities
CHAPTER 4: VOICE BIOMETRICS AUTHENTICATION MARKET, BY TYPE
4.1. Market Overview
4.1.1 Market Size and Forecast, By Type
4.2. Active Biometrics
4.2.1. Key Market Trends, Growth Factors and Opportunities
4.2.2. Market Size and Forecast, By Region
4.2.3. Market Share Analysis, By Country
4.3. Passive Biometrics
4.3.1. Key Market Trends, Growth Factors and Opportunities
4.3.2. Market Size and Forecast, By Region
4.3.3. Market Share Analysis, By Country
CHAPTER 5: VOICE BIOMETRICS AUTHENTICATION MARKET, BY DEPLOYMENT MODE
5.1. Market Overview
5.1.1 Market Size and Forecast, By Deployment Mode
5.2. On-Premise
5.2.1. Key Market Trends, Growth Factors and Opportunities
5.2.2. Market Size and Forecast, By Region
5.2.3. Market Share Analysis, By Country
5.3. Cloud
5.3.1. Key Market Trends, Growth Factors and Opportunities
5.3.2. Market Size and Forecast, By Region
5.3.3. Market Share Analysis, By Country
CHAPTER 6: VOICE BIOMETRICS AUTHENTICATION MARKET, BY ENTERPRISE SIZE
6.1. Market Overview
6.1.1 Market Size and Forecast, By Enterprise Size
6.2. SME
6.2.1. Key Market Trends, Growth Factors and Opportunities
6.2.2. Market Size and Forecast, By Region
6.2.3. Market Share Analysis, By Country
6.3. Large Enterprise
6.3.1. Key Market Trends, Growth Factors and Opportunities
6.3.2. Market Size and Forecast, By Region
6.3.3. Market Share Analysis, By Country
CHAPTER 7: VOICE BIOMETRICS AUTHENTICATION MARKET, BY INDUSTRY VERTICAL
7.1. Market Overview
7.1.1 Market Size and Forecast, By Industry Vertical
7.2. BFSI
7.2.1. Key Market Trends, Growth Factors and Opportunities
7.2.2. Market Size and Forecast, By Region
7.2.3. Market Share Analysis, By Country
7.3. Retail And E-commerce
7.3.1. Key Market Trends, Growth Factors and Opportunities
7.3.2. Market Size and Forecast, By Region
7.3.3. Market Share Analysis, By Country
7.4. Telecommunications And IT
7.4.1. Key Market Trends, Growth Factors and Opportunities
7.4.2. Market Size and Forecast, By Region
7.4.3. Market Share Analysis, By Country
7.5. Government And Defense
7.5.1. Key Market Trends, Growth Factors and Opportunities
7.5.2. Market Size and Forecast, By Region
7.5.3. Market Share Analysis, By Country
7.6. Others
7.6.1. Key Market Trends, Growth Factors and Opportunities
7.6.2. Market Size and Forecast, By Region
7.6.3. Market Share Analysis, By Country
CHAPTER 8: VOICE BIOMETRICS AUTHENTICATION MARKET, BY REGION
8.1. Market Overview
8.1.1 Market Size and Forecast, By Region
8.2. North America
8.2.1. Key Market Trends and Opportunities
8.2.2. Market Size and Forecast, By Type
8.2.3. Market Size and Forecast, By Deployment Mode
8.2.4. Market Size and Forecast, By Enterprise Size
8.2.5. Market Size and Forecast, By Industry Vertical
8.2.6. Market Size and Forecast, By Country
8.2.7. U.S. Voice Biometrics Authentication Market
8.2.7.1. Market Size and Forecast, By Type
8.2.7.2. Market Size and Forecast, By Deployment Mode
8.2.7.3. Market Size and Forecast, By Enterprise Size
8.2.7.4. Market Size and Forecast, By Industry Vertical
8.2.8. Canada Voice Biometrics Authentication Market
8.2.8.1. Market Size and Forecast, By Type
8.2.8.2. Market Size and Forecast, By Deployment Mode
8.2.8.3. Market Size and Forecast, By Enterprise Size
8.2.8.4. Market Size and Forecast, By Industry Vertical
8.3. Europe
8.3.1. Key Market Trends and Opportunities
8.3.2. Market Size and Forecast, By Type
8.3.3. Market Size and Forecast, By Deployment Mode
8.3.4. Market Size and Forecast, By Enterprise Size
8.3.5. Market Size and Forecast, By Industry Vertical
8.3.6. Market Size and Forecast, By Country
8.3.7. France Voice Biometrics Authentication Market
8.3.7.1. Market Size and Forecast, By Type
8.3.7.2. Market Size and Forecast, By Deployment Mode
8.3.7.3. Market Size and Forecast, By Enterprise Size
8.3.7.4. Market Size and Forecast, By Industry Vertical
8.3.8. Germany Voice Biometrics Authentication Market
8.3.8.1. Market Size and Forecast, By Type
8.3.8.2. Market Size and Forecast, By Deployment Mode
8.3.8.3. Market Size and Forecast, By Enterprise Size
8.3.8.4. Market Size and Forecast, By Industry Vertical
8.3.9. Italy Voice Biometrics Authentication Market
8.3.9.1. Market Size and Forecast, By Type
8.3.9.2. Market Size and Forecast, By Deployment Mode
8.3.9.3. Market Size and Forecast, By Enterprise Size
8.3.9.4. Market Size and Forecast, By Industry Vertical
8.3.10. Spain Voice Biometrics Authentication Market
8.3.10.1. Market Size and Forecast, By Type
8.3.10.2. Market Size and Forecast, By Deployment Mode
8.3.10.3. Market Size and Forecast, By Enterprise Size
8.3.10.4. Market Size and Forecast, By Industry Vertical
8.3.11. UK Voice Biometrics Authentication Market
8.3.11.1. Market Size and Forecast, By Type
8.3.11.2. Market Size and Forecast, By Deployment Mode
8.3.11.3. Market Size and Forecast, By Enterprise Size
8.3.11.4. Market Size and Forecast, By Industry Vertical
8.3.12. Rest Of Europe Voice Biometrics Authentication Market
8.3.12.1. Market Size and Forecast, By Type
8.3.12.2. Market Size and Forecast, By Deployment Mode
8.3.12.3. Market Size and Forecast, By Enterprise Size
8.3.12.4. Market Size and Forecast, By Industry Vertical
8.4. Asia-Pacific
8.4.1. Key Market Trends and Opportunities
8.4.2. Market Size and Forecast, By Type
8.4.3. Market Size and Forecast, By Deployment Mode
8.4.4. Market Size and Forecast, By Enterprise Size
8.4.5. Market Size and Forecast, By Industry Vertical
8.4.6. Market Size and Forecast, By Country
8.4.7. China Voice Biometrics Authentication Market
8.4.7.1. Market Size and Forecast, By Type
8.4.7.2. Market Size and Forecast, By Deployment Mode
8.4.7.3. Market Size and Forecast, By Enterprise Size
8.4.7.4. Market Size and Forecast, By Industry Vertical
8.4.8. Japan Voice Biometrics Authentication Market
8.4.8.1. Market Size and Forecast, By Type
8.4.8.2. Market Size and Forecast, By Deployment Mode
8.4.8.3. Market Size and Forecast, By Enterprise Size
8.4.8.4. Market Size and Forecast, By Industry Vertical
8.4.9. India Voice Biometrics Authentication Market
8.4.9.1. Market Size and Forecast, By Type
8.4.9.2. Market Size and Forecast, By Deployment Mode
8.4.9.3. Market Size and Forecast, By Enterprise Size
8.4.9.4. Market Size and Forecast, By Industry Vertical
8.4.10. South Korea Voice Biometrics Authentication Market
8.4.10.1. Market Size and Forecast, By Type
8.4.10.2. Market Size and Forecast, By Deployment Mode
8.4.10.3. Market Size and Forecast, By Enterprise Size
8.4.10.4. Market Size and Forecast, By Industry Vertical
8.4.11. Australia Voice Biometrics Authentication Market
8.4.11.1. Market Size and Forecast, By Type
8.4.11.2. Market Size and Forecast, By Deployment Mode
8.4.11.3. Market Size and Forecast, By Enterprise Size
8.4.11.4. Market Size and Forecast, By Industry Vertical
8.4.12. Rest of Asia-Pacific Voice Biometrics Authentication Market
8.4.12.1. Market Size and Forecast, By Type
8.4.12.2. Market Size and Forecast, By Deployment Mode
8.4.12.3. Market Size and Forecast, By Enterprise Size
8.4.12.4. Market Size and Forecast, By Industry Vertical
8.5. LAMEA
8.5.1. Key Market Trends and Opportunities
8.5.2. Market Size and Forecast, By Type
8.5.3. Market Size and Forecast, By Deployment Mode
8.5.4. Market Size and Forecast, By Enterprise Size
8.5.5. Market Size and Forecast, By Industry Vertical
8.5.6. Market Size and Forecast, By Country
8.5.7. Latin America Voice Biometrics Authentication Market
8.5.7.1. Market Size and Forecast, By Type
8.5.7.2. Market Size and Forecast, By Deployment Mode
8.5.7.3. Market Size and Forecast, By Enterprise Size
8.5.7.4. Market Size and Forecast, By Industry Vertical
8.5.8. Middle East Voice Biometrics Authentication Market
8.5.8.1. Market Size and Forecast, By Type
8.5.8.2. Market Size and Forecast, By Deployment Mode
8.5.8.3. Market Size and Forecast, By Enterprise Size
8.5.8.4. Market Size and Forecast, By Industry Vertical
8.5.9. Africa Voice Biometrics Authentication Market
8.5.9.1. Market Size and Forecast, By Type
8.5.9.2. Market Size and Forecast, By Deployment Mode
8.5.9.3. Market Size and Forecast, By Enterprise Size
8.5.9.4. Market Size and Forecast, By Industry Vertical
CHAPTER 9: COMPETITIVE LANDSCAPE
9.1. Introduction
9.2. Top Winning Strategies
9.3. Product Mapping Of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Top Player Positioning, 2023
CHAPTER 10: COMPANY PROFILES
10.1. Microsoft Corporation
10.1.1. Company Overview
10.1.2. Key Executives
10.1.3. Company Snapshot
10.1.4. Operating Business Segments
10.1.5. Product Portfolio
10.1.6. Business Performance
10.1.7. Key Strategic Moves and Developments
10.2. Verint Systems Inc
10.2.1. Company Overview
10.2.2. Key Executives
10.2.3. Company Snapshot
10.2.4. Operating Business Segments
10.2.5. Product Portfolio
10.2.6. Business Performance
10.2.7. Key Strategic Moves and Developments
10.3. Voice Biometrics Group
10.3.1. Company Overview
10.3.2. Key Executives
10.3.3. Company Snapshot
10.3.4. Operating Business Segments
10.3.5. Product Portfolio
10.3.6. Business Performance
10.3.7. Key Strategic Moves and Developments
10.4. NICE Ltd
10.4.1. Company Overview
10.4.2. Key Executives
10.4.3. Company Snapshot
10.4.4. Operating Business Segments
10.4.5. Product Portfolio
10.4.6. Business Performance
10.4.7. Key Strategic Moves and Developments
10.5. Auraya Inc.
10.5.1. Company Overview
10.5.2. Key Executives
10.5.3. Company Snapshot
10.5.4. Operating Business Segments
10.5.5. Product Portfolio
10.5.6. Business Performance
10.5.7. Key Strategic Moves and Developments
10.6. Phonexia SRO
10.6.1. Company Overview
10.6.2. Key Executives
10.6.3. Company Snapshot
10.6.4. Operating Business Segments
10.6.5. Product Portfolio
10.6.6. Business Performance
10.6.7. Key Strategic Moves and Developments
10.7. BioCatch Ltd
10.7.1. Company Overview
10.7.2. Key Executives
10.7.3. Company Snapshot
10.7.4. Operating Business Segments
10.7.5. Product Portfolio
10.7.6. Business Performance
10.7.7. Key Strategic Moves and Developments
10.8. Pindrop Security Inc.
10.8.1. Company Overview
10.8.2. Key Executives
10.8.3. Company Snapshot
10.8.4. Operating Business Segments
10.8.5. Product Portfolio
10.8.6. Business Performance
10.8.7. Key Strategic Moves and Developments
10.9. Aculab Inc.
10.9.1. Company Overview
10.9.2. Key Executives
10.9.3. Company Snapshot
10.9.4. Operating Business Segments
10.9.5. Product Portfolio
10.9.6. Business Performance
10.9.7. Key Strategic Moves and Developments
10.10. LumenVox
10.10.1. Company Overview
10.10.2. Key Executives
10.10.3. Company Snapshot
10.10.4. Operating Business Segments
10.10.5. Product Portfolio
10.10.6. Business Performance
10.10.7. Key Strategic Moves and Developments