Market Overview: Global Voice Biometrics Market
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Voice Biometrics Market Insights 2023-28
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.
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Top Players in the Voice Biometrics Market:
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 Biometrics Group (VBG)
VoicePass Technology
ID R&D
Others
Segmentation Analysis of Voice Biometrics Market
Voice Biometrics Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2023-28, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.
-By Application:
Authentication & Customer Verification
Forensic Voice Analysis & Criminal Investigation
Fraud Detection & Prevention
Risk & Emergency Management
Transaction Processing
Access Control
Workforce Management
Others (Vocal Passphrase, Speech Therapy, etc.)
The adoption of voice biometrics for Authentication & Customer Verification has registered substantial growth due to its significant adoption in public services, healthcare, and e-commerce. It has been mainly used for authenticating & verifying the identity of individuals for various purposes, such as accessing accounts, authorizing transactions, and gaining secure access to services.
-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 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)
A Comprehensive Geographical Analysis:
-By Region
North America
South America
Europe
The Middle East & Africa
Asia-Pacific
North American region is renowned for being an early adopter of cutting-edge technologies, like voice authentication, in numerous industries. Owing to this, the region presented significant growth opportunities for market players to introduce cutting-edge features in voice biometrics solutions. This was further supported by the strong presence of industries like banking, financial services, and insurance (BFSI) in the region.
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