Global Voice Biometrics Market is accounted for $1.10 billion in 2020 and is expected to reach $4.99 billion by 2028 growing at a CAGR of 20.8% during the forecast period. Factors such as rising threat to security, growing demand for voice authentication, and growing need to reduce authentication costs are driving the growth of the market.
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By geography, North America is going to have high growth during the forecast period which can be attributed to the strong focus on research and development for technological advances and implementation of the same.
Some of the key players profiled in the Voice Biometrics Market include Voice Biometrics Group, Nuance Communications Inc, LexisNexis Risk Solutions Inc, Pindrop Security Inc, Auraya Systems Pty. Ltd, NICE Ltd, One Vault SA, VoicePIN.com Sp. z o.o., Verint Systems Inc, Uniphore Software Systems Pvt. Ltd, Aimbrain Solutions Ltd, Phonexia Ltd, Lumen Vox LLC (Voice Trust GmBH), Aculab Inc, and SESTEK.
Components Covered in Voice Biometrics Market
• Hardware
• Solutions
• Services
Deployment Modes Covered:
• Cloud
• On-Premises
Organization Sizes Covered:
• Small and Medium-Sized Enterprises (SME’s)
• Large Enterprises
Authentication Processes Covered:
• Automated Interactive Voice Response (IVR)
• Mobile Applications
• Employee Authentication
• Agent-Assisted
Types Covered:
• Active Voice Biometrics
• Passive Voice Biometrics
Technologies Covered:
• Artificial Intelligence-Based
• Non-Artificial Intelligence Based
Applications Covered:
• Forensic Voice Analysis and Criminal Investigation
• Workforce Management
• Risk and Emergency Management
• Access Security
• Payments
• Other Applications
End Users Covered:
• Banking, Financial Services and Insurance (BFSI)
• Government
• Military and Defense
• IT and Telecom
• Energy and Utilities
• Retail and E-Commerce
• Automotive
• Travel and Hospitality
• Healthcare and Life Sciences
• Transportation and Logistics
• Enterprise
• Consumer Electronics & Mobile Devices
• Manufacturing
• Media and Entertainment
• Education
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