Voice Biometrics Market Comprehensive Analysis and Forecast 2024-2030
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., 2024-30.

Overview of the Global Voice Biometrics Market: Key Statistics and Trends:

According to the latest report by MarkNtel Advisors, titled “Global Voice Biometrics Market By Type (Active Voice Biometrics, Passive Voice Biometrics ), By Deployment (On-Premise, Cloud), By Authentication Process (Automated IVR, Agent-Assisted, Mobile Applications, Employee Authentication), By Application (Authentication and Customer Verification, Forensic Voice Analysis and Criminal Investigation, Fraud Detection and Prevention, Risk and Emergency Management, Transaction Processing, Access Control, Workforce Management, Others), By Vertical (Banking, Financial Services, & Insurance [BFSI], Government, Healthcare, Retail & E-commerce, IT & Telecommunication, Transportation & Logistics, Others), By Enterprise Size (Large Enterprises, Small & Medium Enterprises), and others, 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., 2024-30. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.

Global Voice Biometrics Market Growth and Scope:

Base Year: 2024

Forecast Period: 2024-2030

Historical Data: 2019-22

CAGR (2024-2030): 23.48%

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Global Voice Biometrics Market Opportunity:

Digital Health Innovations in Asia-Pacific to Open New Doors for the Players – The countries in the Asia-Pacific region, such as Singapore, India, South Korea, etc., are witnessing significant growth in digital health innovations due to substantial funding & a growing ecosystem of digital health ventures. COVID-19 has further enhanced digitalization in the healthcare sector, which has led to increased usage of applications such as telehealth, remote patient monitoring, etc. Therefore, to cater to this opportunity, many companies, such as RxDefine, Amazon, etc., launched telehealth applications in 2022. Similarly, companies like Milestone, Cadence, etc., unveiled their remote patient monitoring applications in 2022. The surge of telehealth & remote patient monitoring has created substantial demand for patient authentication processes, and this is creating new opportunities for market players to extend their voice biometric solutions to healthcare service providers.

A Comprehensive Analysis of Leading Companies of Voice Biometrics Market by MarkNtel Advisors:

  • 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

Key Voice Biometrics Market Segmentation:

Explore Our Comprehensive Study: https://www.marknteladvisors.com/research-library/voice-biometrics-market.html

-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.

-By Vertical

  • Banking, Financial Services, & Insurance (BFSI)
  • Government
  • Healthcare
  • Retail & E-commerce
  • IT & Telecommunication
  • Transportation & Logistics
  • Others (Education, Hospitality, etc.)

The Healthcare segment experienced an increasing demand for voice biometrics solutions & is predicted to grasp a substantial market share due to the mandatory protection of sensitive data related to the consumer’s health.

-By Type

  • Active Voice Biometrics - Market Size & Forecast 2019-2030, (USD Million)
  • Passive Voice Biometrics - Market Size & Forecast 2019-2030, (USD Million)

-By Deployment

  • On-Premise - Market Size & Forecast 2019-2030, (USD Million)
  • Cloud - Market Size & Forecast 2019-2030, (USD Million)

-By Authentication Process

  • Automated IVR- Market Size & Forecast 2019-2030, (USD Million)
  • Agent-Assisted - Market Size & Forecast 2019-2030, (USD Million)
  • Mobile Applications - Market Size & Forecast 2019-2030, (USD Million)
  • Employee Authentication - Market Size & Forecast 2019-2030, (USD Million)

-By Enterprise Size

  • Large Enterprises - Market Size & Forecast 2019-2030, (USD Million)
  • Small & Medium Enterprises- Market Size & Forecast 2019-2030, (USD Million)

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.

Key Reports Highlights:

  • Market Dimensions & Projections
  • Pricing Evaluation,
  • Recent Strategic Moves by Companies,
  • Primary Stakeholders,
  • Analysis of Import and Export Trends,
  • Competitive Landscape Assessment,
  • Emerging Opportunities,
  • Market Trends and Indicators

Contact Our Analysts for Brochure Requests, Customization, or Any Pre-Purchase Inquiries: https://www.marknteladvisors.com/query/request-customization/voice-biometrics-market.html

“Report Delivery Format: Market research reports from MarkNtel Advisors are available in PDF, Excel, and PowerPoint formats. Once payment is successfully processed, the report will be delivered to your email address within 24 hours”

Key Advantages of the Report by MarkNtel Advisors:

  • Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key sub segments, benefiting both market leaders and new entrants.
  • Strategic Insights for Stakeholders: By understanding the competitive landscape, stakeholders can strategically position their businesses and develop effective go-to-market strategies.
  • Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.

Note: If you need additional information not included in the report, we can customize it to suit your requirements.

About Us –

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

We have our existence across the market for many years and have conducted multi-industry research across 23.480+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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Voice Biometrics Market Comprehensive Analysis and Forecast 2024-2030
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