Europe 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

Europe 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

The Europe Voice Biometrics Market would 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 would 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 would 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.

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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

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

Europe 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

• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe