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Navigating Voice Biometrics Market Trends: USD 2.53 Billion Value in 2022 and Boasting a CAGR of 23.48% Projections by 2028

Market Overview: Global Voice Biometrics Market

MarkNtel Advisors, a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on the Global Voice Biometrics Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.


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.


In case you missed it, we are currently revising our reports. Click on the "request sample report" button to get the latest research data with forecast for the years 2024 to 2030, including market size, industry trends, and competitive analysis. It wouldn't take long for the team to deliver the most recent version of the report.



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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About Us

MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.


Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.


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