The Global Voice Biometrics Market Report, published by Reports and Data, offers an industry-wide assessment of the Voice Biometrics Market which is inclusive of the most crucial factors contributing to the growth of the industry. Voice Biometrics segment accounted for largest revenue share in 2020 due to its commercialization in the healthcare industry on large scale for drug delivery, in vitro diagnostics, in vivo imaging, biomaterial, drug therapy, and active implants. The Access Control and Authentication dominated the market for voice biometrics.
Voice Biometrics Market Size - USD 972.4 Million in 2019, Market Growth - CAGR of 23.6%, Market trends - Growing demand from BFSI and Healthcare sectors
Large Enterprises are rapidly adopting biometric voice technology as they recognize the importance of technology. Several BFSI giants have started to deploy in their security infrastructure as they deem it necessary. Those are further intended to assist businesses involved in this sector in sound decision-making and formulating lucrative business plans
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The primary addressees of this report include some of the globally renowned venture capitalists. The report offers these individuals a vivid description of the competitive spectrum of the global Voice Biometrics market. 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.
Key participants include Verint, Nuance Communications, Pindrop, Acculab, NICE, Phonexia, Auraya, VoicePIN, LumenVox, and SESTEK, among others.
This technology is applicable in access security, forensic voice analysis, payments, and others. The growing importance of secrecy and confidentiality is driving the demand for the voice biometrics market.The growing incidence of complex cyber-attacks is creating a need for a stronger defense system. Moreover, the emergence of innovative technology such as machine learning, artificial intelligence, data analytics, cloud computing will provide the market for voice biometric with growth opportunities.
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Rising investment in urgent care and increasing global geriatric population are key factors driving revenue growth of the global Voice Biometrics market. The latest report is the most recent study that offers 360° coverage of the Voice Biometrics industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The high level of awareness among organizations regarding the confidentiality of their data and the need to protect from malware targeted cyber-attacks while using cloud computing services will drive the segment's demand.
Industry Vertical Outlook (Revenue, USD Billion; 2017-2027)
Retail and eCommerce
Government and Defense
Banking, Financial Services, and Insurance
Telecommunications and IT
Key Questions Answered in the Report:
What is the growth rate of the Voice Biometrics market? What is the anticipated market valuation of Voice Biometrics industry by 2027?
What are the key growth driving and restraining factors of the Voice Biometrics market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the Voice Biometrics industry over the forecast period?
Which region is expected to show significant growth in the coming years?
The latest and updated research report on the Global Voice Biometrics Market covers a comprehensive overview of the Voice Biometrics market, future economic condition, competitive landscape mapping, supply and demand trends, and production and consumption analysis. The report also covers the influence of the COVID-19 pandemic on the Voice Biometrics market. The pandemic has dynamically affected all aspects of life on a global scale along with drastic changes in the economy and market conditions. The report covers the currently fluctuating market scenario along with present and future assessment of the COVID-19 impact. The report encompasses the historical data, company overview, financial standing, and necessary information about the new and key players of the market.
Global Voice Biometrics Market Report - Table of Contents:
Chapter 1 includes the global Voice Biometrics market introduction, followed by the market scope, product offerings, growth opportunities, market risks, driving forces, and others.
Chapter 2 broadly categorizes the Voice Biometrics market on the basis of geography, and determines the sales, revenue, and market shares of each region over the estimated period.
Chapter 3 elaborates on the competitive outlook of the Voice Biometrics market, focusing on the major manufacturers and vendor landscape.
Chapter 4 exhaustively studies the key manufacturers of the Voice Biometrics industry, along with their anticipated sales and revenue shares.
Chapters 5 includes market segmentation based on product type, application range, and market players.
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