The Europe Voice Biometrics Market is expected to witness market growth of 18.3% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Voice Biometrics Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $669 million by 2031. The UK market is experiencing a CAGR of 17.4% during 2024-2031. Additionally, the France market is expected to exhibit a CAGR of 19.2% during 2024-2031.
In healthcare, voice biometrics enhances patient safety and data security while improving the efficiency of administrative processes. Through voice authentication, healthcare providers can ensure that only authorized personnel can access sensitive medical records and systems.
Moreover, hospitals and clinics can authenticate patients using voice recognition for accurate identification, especially in emergencies where quick verification is critical. For telemedicine platforms, voice biometrics can verify the identity of patients and healthcare providers, ensuring secure consultations.
The rise in property crimes, including thefts, robberies, and burglaries, across Europe, as reported by Eurostat, the increase in criminal activities has heightened concerns about personal and property security, leading to a surge in demand for advanced security technologies. In 2022, property crimes in the European Union saw a notable increase, with thefts rising by 17.9%, robberies by 9.7%, and burglaries by 7.4% compared to the previous year. This increased criminal activity has created heightened awareness about the need for stronger security measures, particularly in sectors involving sensitive transactions or personal data, such as banking, e-commerce, and telecommunications. As criminal methods become more sophisticated, there is a growing demand for advanced security technologies to prevent identity theft, fraud, and unauthorized access.
The Germany market dominated the Europe Voice Biometrics Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $669 million by 2031. The UK market is experiencing a CAGR of 17.4% during 2024-2031. Additionally, the France market is expected to exhibit a CAGR of 19.2% during 2024-2031.
In healthcare, voice biometrics enhances patient safety and data security while improving the efficiency of administrative processes. Through voice authentication, healthcare providers can ensure that only authorized personnel can access sensitive medical records and systems.
Moreover, hospitals and clinics can authenticate patients using voice recognition for accurate identification, especially in emergencies where quick verification is critical. For telemedicine platforms, voice biometrics can verify the identity of patients and healthcare providers, ensuring secure consultations.
The rise in property crimes, including thefts, robberies, and burglaries, across Europe, as reported by Eurostat, the increase in criminal activities has heightened concerns about personal and property security, leading to a surge in demand for advanced security technologies. In 2022, property crimes in the European Union saw a notable increase, with thefts rising by 17.9%, robberies by 9.7%, and burglaries by 7.4% compared to the previous year. This increased criminal activity has created heightened awareness about the need for stronger security measures, particularly in sectors involving sensitive transactions or personal data, such as banking, e-commerce, and telecommunications. As criminal methods become more sophisticated, there is a growing demand for advanced security technologies to prevent identity theft, fraud, and unauthorized access.
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
Market Report Segmentation
By Type- Active Biometrics
- Passive Biometrics
- Solutions
- Services
- Cloud
- On-premise
- Access Control and Authentication
- Fraud Detection & Prevention
- Forensic Voice Analysis and Criminal Investigation
- Large Enterprises
- Small & Medium Enterprises (SMEs)
- BFSI
- Healthcare & Life Sciences
- Retail & E-commerce
- Telecom & IT
- Government & Defense
- Other End User
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Europe Voice Biometrics Market by Type
Chapter 6. Europe Voice Biometrics Market by Component
Chapter 7. Europe Voice Biometrics Market by Deployment Model
Chapter 8. Europe Voice Biometrics Market by Application
Chapter 9. Europe Voice Biometrics Market by Enterprise Size
Chapter 10. Europe Voice Biometrics Market by End User
Chapter 11. Europe Voice Biometrics Market by Country
Chapter 12. Company Profiles
Companies Mentioned
- 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
Methodology
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