Home Blog Business Voice Biometrics Market Size, Share and Growth Forecast | 23.48% CAGR Growth Expected
Voice Biometrics Market Size, Share and Growth Forecast | 23.48% CAGR Growth Expected

Voice Biometrics Market Size, Share and Growth Forecast | 23.48% CAGR Growth Expected

Report Overview:

The following report titled “Global Voice Biometrics MarketBy Type (Active Voice Biometrics, Passive Voice Biometrics ), By Deployment (On-Premise, Cloud) and other forecast 2023-2028” provides a comprehensive analysis of the market, focusing on key details such as market size, growth trends, determinants of growth, segments covered, and the role of leading players in the industry.

Global Voice Biometrics Market Summary

The Global Voice Biometrics Market size was valued at around USD 2.53 billion in 2022 and is estimated to grow at a CAGR of about 23.48% during the forecast period, i.e., 2023-28. The high cyber security threats, advancements in voice recognition technology, substantial adoption of voice assistants & voice-activated devices, soaring digitalization of industries, and regulatory compliance & data privacy requirements enhanced the adoption of voice biometrics across verticals such as BFSI, healthcare, telecommunication, etc. Thus, aiding in enhancing the market share.

Report Coverage & Details

  • Forecast Period: 2023–2028
  • Base Year: 2022
  • Market Size in 2022: USD 2.53 billion
  • CAGR: 23.48%

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Voice Biometrics Market Trend:

Use of Digit-based Voice Authentication for Enhancing Identity Assurance to be a New Market Trend – The adoption of digit-based voice authentication solutions that combine voice biometrics with cryptographically generated numeric digits to enhance identity assurance in remote access applications is surging. Owing to this, many companies that provide biometric solutions are now launching digit-based voice authentication solutions.

Segmentation Analysis: Voice Biometrics Market

By Type

  • Active Voice Biometrics – Market Size & Forecast 2018-2028, (USD Million)
  • Passive Voice Biometrics – Market Size & Forecast 2018-2028, (USD Million)

By Deployment

  • On-Premise – Market Size & Forecast 2018-2028, (USD Million)
  • Cloud – Market Size & Forecast 2018-2028, (USD Million)

By Authentication Process

  • Automated IVR- Market Size & Forecast 2018-2028, (USD Million)
  • Agent-Assisted – Market Size & Forecast 2018-2028, (USD Million)
  • Mobile Applications – Market Size & Forecast 2018-2028, (USD Million)
  • Employee Authentication – Market Size & Forecast 2018-2028, (USD Million)

By Application

  • Authentication and Customer Verification – Market Size & Forecast 2018-2028, (USD Million)
  • Forensic Voice Analysis and Criminal Investigation – Market Size & Forecast 2018-2028, (USD Million)
  • Fraud Detection and Prevention – Market Size & Forecast 2018-2028, (USD Million)
  • Risk and Emergency Management – Market Size & Forecast 2018-2028, (USD Million)
  • Transaction Processing – Market Size & Forecast 2018-2028, (USD Million)
  • Access Control – Market Size & Forecast 2018-2028, (USD Million)
  • Workforce Management – Market Size & Forecast 2018-2028, (USD Million)
  • Others (Vocal Passphrase, Speech Therapy, etc.) – Market Size & Forecast 2018-2028, (USD Million)

By Vertical

  • Banking, Financial Services, & Insurance (BFSI)- Market Size & Forecast 2018-2028, (USD Million)
  • Government – Market Size & Forecast 2018-2028, (USD Million)
  • Healthcare- Market Size & Forecast 2018-2028, (USD Million)
  • Retail & E-commerce- Market Size & Forecast 2018-2028, (USD Million)
  • IT & Telecommunication – Market Size & Forecast 2018-2028, (USD Million)
  • Transportation & Logistics – Market Size & Forecast 2018-2028, (USD Million)
  • Others (Education, Hospitality, etc.) – Market Size & Forecast 2018-2028, (USD Million)

By Enterprise Size

  • Large Enterprises – Market Size & Forecast 2018-2028, (USD Million)
  • Small & Medium Enterprises- Market Size & Forecast 2018-2028, (USD Million)

By Region

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

Access Full Report [Include Description + TOC] – https://www.marknteladvisors.com/research-library/voice-biometrics-market.html

Region: North America Holds a Major Market Share

Among all regions globally, North America is anticipated to dominate the Quinoa Seeds Market with the largest share during 2023-28.

Leading Players Analysis: Voice Biometrics Market

The report provides detailed analysis of key players in the global Voice Biometrics market, highlighting their strategies and competitive scenario.

  • Aculab Inc.
  • Agnitio SL
  • BioCatch Ltd
  • LexisNexis Risk Solutions Inc.
  • Nuance Communications Inc.
  • One Vault
  • Pindrop Security Inc.
  • Phonexia SRO
  • Uniphore Software Systems Pvt Ltd
  • Verint Systems Inc.
  • Voice Biometricss Group [VBG]
  • VoicePass Technology
  • ID R&D
  • Others

Note: Should you require specific information beyond the current scope of the report, we are prepared to furnish it as part of our customization services.

For Customized Report Inquiry: – https://www.marknteladvisors.com/query/request-customization/voice-biometrics-market.html

Key Benefits for Stakeholders:

  1. Informed Decision-Making: Access to comprehensive and insightful market research reports enables stakeholders to make well-informed decisions, leading to more strategic and successful initiatives.
  2. Strategic Planning: The strategic reports provided by MarkNtel Advisors empower stakeholders to formulate robust strategies for market entry, product development, and competitive positioning.
  3. Market Sizing & Forecasting: Stakeholders can benefit from accurate market sizing and forecasting data to make informed investment and resource allocation decisions, minimizing risks and maximizing returns.
  4. Competitive Benchmarking: The availability of competitive benchmarking data allows stakeholders to assess their performance against industry peers, identify areas for improvement, and capitalize on strengths.
  5. Identifying Investment Opportunities: Through trend analysis and industry insights, stakeholders can identify attractive investment opportunities and stay ahead in the market for better ROI.

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