Report Overview:
The following report titled “Global Voice Biometrics Market: By 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
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Region: North America Holds a Major Market Share
Among them, North American region is renowned for being an early adopter of cutting-edge technologies, like voice authentication, in numerous industries.
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
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