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North America Voice Biometrics Market Size, Share & Trends Analysis Report By Type, By Component (Solutions and Services), By Deployment Model, By Application, By Enterprise Size, By End User, By Country and Growth Forecast, 2024 - 2031

Published Date : 11-Dec-2024

Pages: 121

Formats: PDF

The North America Voice Biometrics Market would witness market growth of 17.7% CAGR during the forecast period (2024-2031).

The US market dominated the North America Voice Biometrics Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2,328.9 million by 2031. The Canada market is exhibiting a CAGR of 20.1% during (2024 - 2031). Additionally, The Mexico market would experience a CAGR of 19.3% during (2024 - 2031).

North America Voice Biometrics Market

Voice biometrics is widely applicable across several sectors, providing solutions for both security and personalization. The banking and financial services industry is one of the most prominent adopters of voice biometrics. With the growing threat of identity theft and fraud, financial institutions are turning to voice recognition technology to strengthen customer authentication methods. Through voice biometrics, customers can securely access their accounts, conduct transactions, and interact with customer service representatives without remembering passwords or security questions.

Additionally, this provides a more secure and convenient method of authentication that reduces the risks of unauthorized access. Customers authenticate themselves through their voice when interacting with automated systems or customer service agents. Mobile payment systems integrate voice biometrics for secure and seamless transactions.

The significant growth in e-commerce in Mexico and the substantial investments in healthcare in Canada are influencing the expansion of various technological industries, including voice biometrics. Mexico has emerged as one of the leaders in e-commerce growth, with the International Trade Administration (ITA) reporting a 23% increase in the e-commerce sector value in 2022, reaching USD 26.2 billion. As Mexico continues to experience significant digital transformation, the e-commerce sector is booming, with 63 million Mexicans using e-commerce platforms in 2022, an increase of 5.5 million compared to the previous year. This rapid expansion indicates a shift towards online shopping, mobile commerce, and digital transactions nationwide. As e-commerce grows, businesses are under increasing pressure to secure online transactions, safeguard customer data, and provide frictionless authentication processes.

Free Valuable Insights: The Voice Biometrics Market is Predict to reach USD 9.28 Billion by 2031, at a CAGR of 18.5%

Based on Type, the market is segmented into Active Biometrics and Passive Biometrics. Based on Component, the market is segmented into Solutions and Services. Based on Deployment Model, the market is segmented into Cloud and On-premise. Based on Application, the market is segmented into Access Control and Authentication, Fraud Detection & Prevention, and Forensic Voice Analysis and Criminal Investigation. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises (SMEs). Based on End User, the market is segmented into BFSI, Healthcare & Life Sciences, Retail & E-commerce, Telecom & IT, Government & Defense, and Other End User.  Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

  • Nuance Communications, Inc. (Microsoft Corporation)
  • Verint Systems, Inc.
  • NICE Ltd.
  • Fortra, LLC (HGGC)
  • Aware, Inc.
  • BioCatch Ltd.
  • RELX PLC (LexisNexis Risk Solutions, Inc.)
  • Pindrop Security
  • Phonexia
  • VoicePin.com

North America Voice Biometrics Market Report Segmentation

By Type

  • Active Biometrics
  • Passive Biometrics

By Component

  • Solutions
  • Services

By Deployment Model

  • Cloud
  • On-premise

By Application

  • Access Control and Authentication
  • Fraud Detection & Prevention
  • Forensic Voice Analysis and Criminal Investigation

By Enterprise Size

  • Large Enterprises
  • Small & Medium Enterprises (SMEs)

By End User

  • BFSI
  • Healthcare & Life Sciences
  • Retail & E-commerce
  • Telecom & IT
  • Government & Defense
  • Other End User

By Country

  • US
  • Canada
  • Mexico
  • Rest of North America
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Voice Biometrics Market, by Type
1.4.2 North America Voice Biometrics Market, by Component
1.4.3 North America Voice Biometrics Market, by Deployment Model
1.4.4 North America Voice Biometrics Market, by Application
1.4.5 North America Voice Biometrics Market, by Enterprise Size
1.4.6 North America Voice Biometrics Market, by End User
1.4.7 North America Voice Biometrics Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges

Chapter 4. Competition Analysis – Global
4.1 Market Share Analysis, 2023
4.2 Porter Five Forces Analysis

Chapter 5. North America Voice Biometrics Market by Type
5.1 North America Active Biometrics Market by Region
5.2 North America Passive Biometrics Market by Region

Chapter 6. North America Voice Biometrics Market by Component
6.1 North America Solutions Market by Region
6.2 North America Services Market by Region

Chapter 7. North America Voice Biometrics Market by Deployment Model
7.1 North America Cloud Market by Country
7.2 North America On-premise Market by Country

Chapter 8. North America Voice Biometrics Market by Application
8.1 North America Access Control and Authentication Market by Country
8.2 North America Fraud Detection & Prevention Market by Country
8.3 North America Forensic Voice Analysis and Criminal Investigation Market by Country

Chapter 9. North America Voice Biometrics Market by Enterprise Size
9.1 North America Large Enterprises Market by Country
9.2 North America Small & Medium Enterprises (SMEs) Market by Country

Chapter 10. North America Voice Biometrics Market by End User
10.1 North America BFSI Market by Country
10.2 North America Healthcare & Life Sciences Market by Country
10.3 North America Retail & E-commerce Market by Country
10.4 North America Telecom & IT Market by Country
10.5 North America Government & Defense Market by Country
10.6 North America Other End User Market by Country

Chapter 11. North America Voice Biometrics Market by Country
11.1 US Voice Biometrics Market
11.1.1 US Voice Biometrics Market by Type
11.1.2 US Voice Biometrics Market by Component
11.1.3 US Voice Biometrics Market by Deployment Model
11.1.4 US Voice Biometrics Market by Application
11.1.5 US Voice Biometrics Market by Enterprise Size
11.1.6 US Voice Biometrics Market by End User
11.2 Canada Voice Biometrics Market
11.2.1 Canada Voice Biometrics Market by Type
11.2.2 Canada Voice Biometrics Market by Component
11.2.3 Canada Voice Biometrics Market by Deployment Model
11.2.4 Canada Voice Biometrics Market by Application
11.2.5 Canada Voice Biometrics Market by Enterprise Size
11.2.6 Canada Voice Biometrics Market by End User
11.3 Mexico Voice Biometrics Market
11.3.1 Mexico Voice Biometrics Market by Type
11.3.2 Mexico Voice Biometrics Market by Component
11.3.3 Mexico Voice Biometrics Market by Deployment Model
11.3.4 Mexico Voice Biometrics Market by Application
11.3.5 Mexico Voice Biometrics Market by Enterprise Size
11.3.6 Mexico Voice Biometrics Market by End User
11.4 Rest of North America Voice Biometrics Market
11.4.1 Rest of North America Voice Biometrics Market by Type
11.4.2 Rest of North America Voice Biometrics Market by Component
11.4.3 Rest of North America Voice Biometrics Market by Deployment Model
11.4.4 Rest of North America Voice Biometrics Market by Application
11.4.5 Rest of North America Voice Biometrics Market by Enterprise Size
11.4.6 Rest of North America Voice Biometrics Market by End User

Chapter 12. Company Profiles
12.1 Nuance Communications, Inc. (Microsoft Corporation)
12.1.1 Company Overview
12.1.2 Financial Analysis
12.1.3 Segmental and Regional Analysis
12.1.4 Research & Development Expenses
12.1.5 Recent strategies and developments:
12.1.5.1 Partnerships, Collaborations, and Agreements:
12.1.6 SWOT Analysis
12.2 Verint Systems, Inc.
12.2.1 Company Overview
12.2.2 Financial Analysis
12.2.3 Regional Analysis
12.2.4 Research and Development Expense
12.2.5 Recent strategies and developments:
12.2.5.1 Partnerships, Collaborations, and Agreements:
12.3 NICE Ltd.
12.3.1 Company Overview
12.3.2 Financial Analysis
12.3.3 Segmental and Regional Analysis
12.3.4 Research & Development Expenses
12.3.5 SWOT Analysis
12.4 Fortra, LLC (HGGC)
12.4.1 Company Overview
12.4.2 SWOT Analysis
12.5 Aware, Inc.
12.5.1 Company Overview
12.5.2 Financial Analysis
12.5.3 Segmental and Regional Analysis
12.5.4 Research & Development Expenses
12.5.5 SWOT Analysis
12.6 BioCatch Ltd.
12.6.1 Company Overview
12.7 RELX PLC (LexisNexis Risk Solutions, Inc.)
12.7.1 Company Overview
12.7.2 Financial Analysis
12.7.3 Segmental and Regional Analysis
12.8 Pindrop Security
12.8.1 Company Overview
12.8.2 Recent strategies and developments:
12.8.2.1 Acquisition and Mergers:
12.9 Phonexia
12.9.1 Company Overview
12.9.2 Recent strategies and developments:
12.9.2.1 Product Launches and Product Expansions:
12.10. VoicePin.com
12.10.1 Company Overview
TABLE 1 North America Voice Biometrics Market, 2020 - 2023, USD Million
TABLE 2 North America Voice Biometrics Market, 2024 - 2031, USD Million
TABLE 3 North America Voice Biometrics Market by Type, 2020 - 2023, USD Million
TABLE 4 North America Voice Biometrics Market by Type, 2024 - 2031, USD Million
TABLE 5 North America Active Biometrics Market by Region, 2020 - 2023, USD Million
TABLE 6 North America Active Biometrics Market by Region, 2024 - 2031, USD Million
TABLE 7 North America Passive Biometrics Market by Region, 2020 - 2023, USD Million
TABLE 8 North America Passive Biometrics Market by Region, 2024 - 2031, USD Million
TABLE 9 North America Voice Biometrics Market by Component, 2020 - 2023, USD Million
TABLE 10 North America Voice Biometrics Market by Component, 2024 - 2031, USD Million
TABLE 11 North America Solutions Market by Region, 2020 - 2023, USD Million
TABLE 12 North America Solutions Market by Region, 2024 - 2031, USD Million
TABLE 13 North America Services Market by Region, 2020 - 2023, USD Million
TABLE 14 North America Services Market by Region, 2024 - 2031, USD Million
TABLE 15 North America Voice Biometrics Market by Deployment Model, 2020 - 2023, USD Million
TABLE 16 North America Voice Biometrics Market by Deployment Model, 2024 - 2031, USD Million
TABLE 17 North America Cloud Market by Country, 2020 - 2023, USD Million
TABLE 18 North America Cloud Market by Country, 2024 - 2031, USD Million
TABLE 19 North America On-premise Market by Country, 2020 - 2023, USD Million
TABLE 20 North America On-premise Market by Country, 2024 - 2031, USD Million
TABLE 21 North America Voice Biometrics Market by Application, 2020 - 2023, USD Million
TABLE 22 North America Voice Biometrics Market by Application, 2024 - 2031, USD Million
TABLE 23 North America Access Control and Authentication Market by Country, 2020 - 2023, USD Million
TABLE 24 North America Access Control and Authentication Market by Country, 2024 - 2031, USD Million
TABLE 25 North America Fraud Detection & Prevention Market by Country, 2020 - 2023, USD Million
TABLE 26 North America Fraud Detection & Prevention Market by Country, 2024 - 2031, USD Million
TABLE 27 North America Forensic Voice Analysis and Criminal Investigation Market by Country, 2020 - 2023, USD Million
TABLE 28 North America Forensic Voice Analysis and Criminal Investigation Market by Country, 2024 - 2031, USD Million
TABLE 29 North America Voice Biometrics Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 30 North America Voice Biometrics Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 31 North America Large Enterprises Market by Country, 2020 - 2023, USD Million
TABLE 32 North America Large Enterprises Market by Country, 2024 - 2031, USD Million
TABLE 33 North America Small & Medium Enterprises (SMEs) Market by Country, 2020 - 2023, USD Million
TABLE 34 North America Small & Medium Enterprises (SMEs) Market by Country, 2024 - 2031, USD Million
TABLE 35 North America Voice Biometrics Market by End User, 2020 - 2023, USD Million
TABLE 36 North America Voice Biometrics Market by End User, 2024 - 2031, USD Million
TABLE 37 North America BFSI Market by Country, 2020 - 2023, USD Million
TABLE 38 North America BFSI Market by Country, 2024 - 2031, USD Million
TABLE 39 North America Healthcare & Life Sciences Market by Country, 2020 - 2023, USD Million
TABLE 40 North America Healthcare & Life Sciences Market by Country, 2024 - 2031, USD Million
TABLE 41 North America Retail & E-commerce Market by Country, 2020 - 2023, USD Million
TABLE 42 North America Retail & E-commerce Market by Country, 2024 - 2031, USD Million
TABLE 43 North America Telecom & IT Market by Country, 2020 - 2023, USD Million
TABLE 44 North America Telecom & IT Market by Country, 2024 - 2031, USD Million
TABLE 45 North America Government & Defense Market by Country, 2020 - 2023, USD Million
TABLE 46 North America Government & Defense Market by Country, 2024 - 2031, USD Million
TABLE 47 North America Other End User Market by Country, 2020 - 2023, USD Million
TABLE 48 North America Other End User Market by Country, 2024 - 2031, USD Million
TABLE 49 North America Voice Biometrics Market by Country, 2020 - 2023, USD Million
TABLE 50 North America Voice Biometrics Market by Country, 2024 - 2031, USD Million
TABLE 51 US Voice Biometrics Market, 2020 - 2023, USD Million
TABLE 52 US Voice Biometrics Market, 2024 - 2031, USD Million
TABLE 53 US Voice Biometrics Market by Type, 2020 - 2023, USD Million
TABLE 54 US Voice Biometrics Market by Type, 2024 - 2031, USD Million
TABLE 55 US Voice Biometrics Market by Component, 2020 - 2023, USD Million
TABLE 56 US Voice Biometrics Market by Component, 2024 - 2031, USD Million
TABLE 57 US Voice Biometrics Market by Deployment Model, 2020 - 2023, USD Million
TABLE 58 US Voice Biometrics Market by Deployment Model, 2024 - 2031, USD Million
TABLE 59 US Voice Biometrics Market by Application, 2020 - 2023, USD Million
TABLE 60 US Voice Biometrics Market by Application, 2024 - 2031, USD Million
TABLE 61 US Voice Biometrics Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 62 US Voice Biometrics Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 63 US Voice Biometrics Market by End User, 2020 - 2023, USD Million
TABLE 64 US Voice Biometrics Market by End User, 2024 - 2031, USD Million
TABLE 65 Canada Voice Biometrics Market, 2020 - 2023, USD Million
TABLE 66 Canada Voice Biometrics Market, 2024 - 2031, USD Million
TABLE 67 Canada Voice Biometrics Market by Type, 2020 - 2023, USD Million
TABLE 68 Canada Voice Biometrics Market by Type, 2024 - 2031, USD Million
TABLE 69 Canada Voice Biometrics Market by Component, 2020 - 2023, USD Million
TABLE 70 Canada Voice Biometrics Market by Component, 2024 - 2031, USD Million
TABLE 71 Canada Voice Biometrics Market by Deployment Model, 2020 - 2023, USD Million
TABLE 72 Canada Voice Biometrics Market by Deployment Model, 2024 - 2031, USD Million
TABLE 73 Canada Voice Biometrics Market by Application, 2020 - 2023, USD Million
TABLE 74 Canada Voice Biometrics Market by Application, 2024 - 2031, USD Million
TABLE 75 Canada Voice Biometrics Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 76 Canada Voice Biometrics Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 77 Canada Voice Biometrics Market by End User, 2020 - 2023, USD Million
TABLE 78 Canada Voice Biometrics Market by End User, 2024 - 2031, USD Million
TABLE 79 Mexico Voice Biometrics Market, 2020 - 2023, USD Million
TABLE 80 Mexico Voice Biometrics Market, 2024 - 2031, USD Million
TABLE 81 Mexico Voice Biometrics Market by Type, 2020 - 2023, USD Million
TABLE 82 Mexico Voice Biometrics Market by Type, 2024 - 2031, USD Million
TABLE 83 Mexico Voice Biometrics Market by Component, 2020 - 2023, USD Million
TABLE 84 Mexico Voice Biometrics Market by Component, 2024 - 2031, USD Million
TABLE 85 Mexico Voice Biometrics Market by Deployment Model, 2020 - 2023, USD Million
TABLE 86 Mexico Voice Biometrics Market by Deployment Model, 2024 - 2031, USD Million
TABLE 87 Mexico Voice Biometrics Market by Application, 2020 - 2023, USD Million
TABLE 88 Mexico Voice Biometrics Market by Application, 2024 - 2031, USD Million
TABLE 89 Mexico Voice Biometrics Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 90 Mexico Voice Biometrics Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 91 Mexico Voice Biometrics Market by End User, 2020 - 2023, USD Million
TABLE 92 Mexico Voice Biometrics Market by End User, 2024 - 2031, USD Million
TABLE 93 Rest of North America Voice Biometrics Market, 2020 - 2023, USD Million
TABLE 94 Rest of North America Voice Biometrics Market, 2024 - 2031, USD Million
TABLE 95 Rest of North America Voice Biometrics Market by Type, 2020 - 2023, USD Million
TABLE 96 Rest of North America Voice Biometrics Market by Type, 2024 - 2031, USD Million
TABLE 97 Rest of North America Voice Biometrics Market by Component, 2020 - 2023, USD Million
TABLE 98 Rest of North America Voice Biometrics Market by Component, 2024 - 2031, USD Million
TABLE 99 Rest of North America Voice Biometrics Market by Deployment Model, 2020 - 2023, USD Million
TABLE 100 Rest of North America Voice Biometrics Market by Deployment Model, 2024 - 2031, USD Million
TABLE 101 Rest of North America Voice Biometrics Market by Application, 2020 - 2023, USD Million
TABLE 102 Rest of North America Voice Biometrics Market by Application, 2024 - 2031, USD Million
TABLE 103 Rest of North America Voice Biometrics Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 104 Rest of North America Voice Biometrics Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 105 Rest of North America Voice Biometrics Market by End User, 2020 - 2023, USD Million
TABLE 106 Rest of North America Voice Biometrics Market by End User, 2024 - 2031, USD Million
TABLE 107 Key Information – Nuance Communications, Inc.
TABLE 108 Key Information –Verint Systems, Inc.
TABLE 109 Key Information – NICE Ltd.
TABLE 110 Key Information – Fortra, LLC.
TABLE 111 Key Information – Aware, Inc.
TABLE 112 Key Information – BioCatch Ltd.
TABLE 113 Key Information – RELX PLC
TABLE 114 Key Information – Pindrop Security
TABLE 115 Key Information – Phonexia
TABLE 116 Key Information – VoicePin.com

List of Figures
FIG 1 Methodology for the research
FIG 2 North America Voice Biometrics Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Voice Biometrics Market
FIG 4 Market Share Analysis, 2023
FIG 5 Porter’s Five Forces Analysis – Voice Biometrics Market
FIG 6 North America Voice Biometrics Market share by Type, 2023
FIG 7 North America Voice Biometrics Market share by Type, 2031
FIG 8 North America Voice Biometrics Market by Type, 2020 - 2031, USD Million
FIG 9 North America Voice Biometrics Market share by Component, 2023
FIG 10 North America Voice Biometrics Market share by Component, 2031
FIG 11 North America Voice Biometrics Market by Component, 2020 - 2031, USD Million
FIG 12 North America Voice Biometrics Market share by Deployment Model, 2023
FIG 13 North America Voice Biometrics Market share by Deployment Model, 2031
FIG 14 North America Voice Biometrics Market by Deployment Model, 2020 - 2031, USD Million
FIG 15 North America Voice Biometrics Market share by Application, 2023
FIG 16 North America Voice Biometrics Market share by Application, 2031
FIG 17 North America Voice Biometrics Market by Application, 2020 - 2031, USD Million
FIG 18 North America Voice Biometrics Market share by Enterprise Size, 2023
FIG 19 North America Voice Biometrics Market share by Enterprise Size, 2031
FIG 20 North America Voice Biometrics Market by Enterprise Size, 2020 - 2031, USD Million
FIG 21 North America Voice Biometrics Market share by End User, 2023
FIG 22 North America Voice Biometrics Market share by End User, 2031
FIG 23 North America Voice Biometrics Market by End User, 2020 - 2031, USD Million
FIG 24 North America Voice Biometrics Market share by Country, 2023
FIG 25 North America Voice Biometrics Market share by Country, 2031
FIG 26 North America Voice Biometrics Market by Country, 2020 - 2031, USD Million
FIG 27 SWOT Analysis: Nuance Communications, Inc.
FIG 28 SWOT Analysis: NICE Ltd.
FIG 29 SWOT Analysis: Fortra, LLC
FIG 30 SWOT Analysis: Aware, Inc.

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