Global Voice Biometrics Market is Expected to Reach US $ 4.99 BN By Forecast year 2028

Global Voice Biometrics Market is Expected to Reach US $ 4.99 BN By Forecast year 2028

“Voice Biometrics market┬áData And Industry Growth Analysis”
Voice Biometrics Market size is expected to grow from US $ 1.10 BN in 2020 to US $ 4.99 BN by 2028, at a CAGR of 20.8%.

The market report “Voice Biometrics Market by Components (Hardware, Solutions, and Services), Deployment Modes (Cloud and On-Premises), Organization Sizes (Small and Medium-Sized Enterprises (SME’s) and Large Enterprises), Authentication Processes (Automated Interactive Voice Response (IVR), Mobile Applications, Employee Authentication, and Agent-Assisted), Types (Active Voice Biometrics and Passive Voice Biometrics), Technologies (Artificial Intelligence-Based and Non-Artificial Intelligence Based), Applications (Forensic Voice Analysis and Criminal Investigation, Workforce Management, Risk and Emergency Management, Access Security, Payments, and Other Applications), End Users (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, and Education) and Region – Forecast to 2028”. The voice biometrics market is growing at a CAGR of 20.8% by 2028, owing to the rising threat to security.

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Based on component, the hardware segment is estimated to grow at highest CAGR segment during the study period.On the basis of component, the market is categorised into hardware, solutions, and services. Hardware segment is estimated to be the fastest growing market segment strongly driven by the changes taking place in the sector in pace with the introduction of advanced technologies.

By geography, Asia Pacific is expected to dominate the marketOn the basis of geography, the market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. Asia Pacific is experiencing a dominant position in the voice biometrics market. This is mainly attributed to the increasing need to prevent criminal activities in various parts of the region.

The key players in this market are Voice Biometrics Group, Nuance Communications Inc, LexisNexis Risk Solutions Inc, Pindrop Security Inc, Auraya Systems Pty. Ltd, NICE Ltd, One Vault SA, 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.

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Latest published market study on Worldwide Voice Biometrics  Market provides an overview of the current market dynamics in the Worldwide Voice Biometrics Market, as well as what our survey respondents—all outsourcing decision-makers—predict the market will look like in 2028. The study breaks market by revenue and volume (wherever applicable) and price history to estimates size and trend analysis and identifying gaps and opportunities.

The recent research publication on Worldwide Voice Biometrics Market provides insights about evolution of the competitive environment, the lifecycle stage and opportunities. The survey with Worldwide Voice Biometrics Market investors & stakeholders in this sector, from APAC, EMEA and the Americas, reveals information such as large-scale projects with regulatory environments by country, Subsidies, tax incentives and direct investment. Along with this activity comes a stream of Worldwide Voice Biometrics Market M&A activity and growth, as producers strive to stay ahead of the curve.

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