Voice Biometric Market

Voice biometrics technology is a main key to speaker verification where the technology is very common. Combined to the ID and the password or the passcode, the voice biometrics offer two factor authentication. Scientists have also utilized the voice biometrics to detect the wolves. 

Market Dynamics:

Financial institutes can be detected to acquire voice biometrics notably to combat with the huge sophisticated security threats of the present day. For example, Citi Bank has benefitted largely by the deployment of voice biometrics to verify customers within the first few seconds of calling into an assistance center.

The Biometric identifier data is stated in the new biometric privacy law as “a physiological or biological characteristic” that may be employed for detecting an individual. The Biometric identifier information comprises, however, is not limited to, a retina or iris scan, a fingerprint or voiceprint, and a scan of hand or face.

The combination of voice biometric authentication and the famous communication tool Microsoft Teams will likely open a total novel level of partnership experience for people verifying themselves in healthcare center or securing large companies with distributed offices from social engineering attempts over the voice channel

Key features of the study:

• This report provides in-depth analysis of the global voice biometric market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global voice biometric market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Major key players involved in the global voice biometrics market are Nuance Communications Inc., NICE Ltd, Verint Systems Inc., Pindrop Security Inc., Voice Biometrics Group, Uniphore Software Systems Pvt Ltd, LexisNexis Risk Solutions Inc., Auraya Inc., Lumen Vox LLC (Voice Trust GmBH), One Vault SA, VoicePIN.com SP ZOO, Phonexia SRO, Aculab Inc., SESTEK and BioCatch Ltd
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global voice biometric market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global voice biometric market.

Detailed Segmentation:

• Global Voice Biometric Market, By Type:
• • Active Biometrics
  • Passive Biometrics
• Global Voice Biometric Market, By Deployment Model:
• • On-premise
  • Cloud
• Global Voice Biometric Market, By Enterprise Size:
• • Small and Medium Enterprises
  • Large Enterprises
• Global Voice Biometric Market, By Industry Vertical:
• • Banking, Financial Services, and Insurance
  • Retail and E-commerce
  • Telecommunications and IT
  • Government and Defense
  • Other Industry Verticals
• Global Voice Biometric Market, By Geography
• • North America Europe
  • Asia-Pacific
  • Rest of the World
  • Market Drivers