Voice Biometrics Market Research Report by 2027  

Market trends – Growing demand from BFSI and Healthcare sectors.

The market is witnessing high demand owing to the rise in advancement in software and hardware. Rapid urbanization and adoption of digital technology in industries like Telecommunications and IT, BFSI, Government, and Defense will drive the demand for the voice biometric. The report pays special attention to the key elements of the market, such as drivers, restraints, opportunities, threats, risks, limitations, and other aspects. The report covers a comprehensive analysis of the competitive landscape with a detailed analysis of the company profiles, product portfolio, and business expansion strategies.

The proliferation of digital devices in everyday activities has created a need for advanced protection solutions. Some of the commonly used biometric technology are radio networks, mobile phones and landlines, virtual private networks, voice over IP networks, and microphones. Voice biometric is gaining traction owing to the high level of security they provide. They can be deployed in the mobile application as they provide safe authentication by means of a spoken password or passphrase. Voice biometric uses pitch, speech, range, and voice quality of a particular individual to permit usage. The Government sector is witnessing a significant demand for voice biometrics as most of the government are modernizing their facilities, which is creating a demand for the market. Moreover, the government uses biometric to maintain confidentiality in matters of internal affairs.

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Regional Analysis – The research report is an investigative study providing a conclusive view of the Voice Biometrics  business sphere by an in-depth segmentation of the market into key applications, types, and regions. These segments are analyzed on the basis of present, emerging, and future trends. The regional segmentation provides current and forecast demand estimation for the Voice Biometrics  industry in key regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

North America held the largest market share of voice biometrics. The region is prone to several sophisticated cyber-attacks owing to the presence of influential financial sectors, tech companies, and the profitable telecommunication industry. There is a high demand for efficient technology for the protection of their data and financial information.

Key participants include Verint, Nuance Communications, Pindrop, Acculab, NICE, Phonexia, Auraya, VoicePIN, LumenVox, and SESTEK, among others.

Key questions addressed in the report:

  • What are the key factors driving the global Voice Biometrics market?
  • Who are the key manufacturers in this market space?
  • Who are the distributors, traders and dealers of this market?
  • What are the market opportunities and risks affecting the performance of the vendors in the global Voice Biometrics market?
  • What are the sales and revenue estimations for the top manufacturers in this market over the projected timeline?

For the purpose of this report, Emergen Research has segmented into the global Voice Biometrics Market on the basis of component, type, application, organization size, deployment type, industry vertical, and region:

Component Outlook (Revenue, USD Billion; 2017-2027)

  • Software
  • Services
    1. Professional Services
      • Training and Education
      • Consulting
      • Support and Maintenance
      • Deployment and Integration
    2. Managed Services

Type Outlook (Revenue, USD Billion; 2017-2027)

  Passive Voice Biometrics

  Active Voice Biometrics

Application Outlook (Revenue, USD Billion; 2017-2027)

  Fraud Detection and Prevention

  Access Control and Authentication

  Forensic Voice Analysis and Criminal Investigation

  Other

Organization Size Outlook (Revenue, USD Billion; 2017-2027)

  Large Enterprises

  Small and Medium-Sized Enterprises

Deployment Type Outlook (Revenue, USD Billion; 2017-2027)

  Cloud

  On-Premises

Industry Vertical Outlook (Revenue, USD Billion; 2017-2027)

  Retail and eCommerce

  Government and Defense

  Banking, Financial Services, and Insurance

  Telecommunications and IT

  Healthcare

  Others

About Us:

At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.


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