Voice Biometrics Market is Grabbing New Customer Base | Nuance Communications, VoiceVault, M2SYS Technology, Voice Security Systems, VoiceIt, Microsoft Speech, Google Voice

Voice biometrics is the identification of a person from characteristics of voices (Speaker recognition). In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. Key growth factors for the market include an increasing demand for robust fraud detection and prevention systems across the BFSI industry vertical and need for reducing authentication and identification costs. Also, the advent of advanced technologies such as AI and DNN, and a need for safeguarding healthcare and financial data to create many opportunities for vendors of voice biometrics solutions.

Software segment to hold a larger market size during the forecast period:
The voice biometrics market by component covers software and services. The software segment outperforms the services segment and would record higher growth in the future, due to more adoption. The need for easy, faster, and convenient user authentication is expected to drive the voice biometrics software. An increasing number of online transactions and fraudulent activities and need for a multi-layered security approach in the financial services vertical is expected to drive the overall market. The services segment is expected to record a faster growth rate during the forecast period.

Request a Sample PDF Brochure: https://www.worldwidemarketreports.com/sample/284038

Active voice biometrics to account for a higher market share in the market by type:
In active voice biometrics, the user is verified with a fixed passphrase that is already stored in a system before the start of a call. Such passphrases are beneficial for user enrollment and authentication purposes. Thus, active voice biometrics is considered as a text-dependent mechanism. The organizations preferring self-service oriented approach for the users choose active voice biometrics. Active type of biometrics system is found beneficial among users with reduction in enrollment friction and phrase repetition, and collection and management of numerous voiceprints per user.

Cloud deployment mode to hold a larger market size during the forecast period:
Cloud-based solutions help organizations reduce capital and operating expenditure, allowing them to achieve a considerably high level of efficiency at a minimal cost. Thus, a largest market size of cloud is attributed to the ability of the cloud infrastructure to provide self-service applications at a minimal cost.

The global voice biometrics market by region covers 5 major geographic regions: North America, Asia Pacific (APAC), Europe, Middle East and Africa (MEA), and Latin America. North America is expected to hold the largest market size during the forecast period. Among the regions, North America is expected to continue the highest adoption of voice biometrics solutions owing to developed economies (Canada and the US), and an increasing focus on innovations obtained from R&D and technology.

Place an Inquire before Purchase: https://www.worldwidemarketreports.com/quiry/284038

Key Voice Biometrics Market Players
The voice biometrics market comprises major solution providers, such as Nuance Communications, VoiceVault, M2SYS Technology, Voice Security Systems, VoiceIt, Microsoft Speech, Google Voice, Voice Biometrics Group, iFlytek, Baidu, NEC, AGNITiO, VoiceTrust, Intelligent Voice Limited, OneVault, ValidSoft. The study includes an in-depth competitive analysis of the key players in the market with their company profiles, recent developments, and key market strategies.

*If you have any special requirements, please let us know and we will offer you the report as you want.

Table of Content
Chapter One Voice Biometrics Industry Overview
Chapter Two Voice Biometrics Up and Down Stream Industry Analysis
Chapter Three Asia Voice Biometrics Market Analysis
Chapter Four 2014-2019 Asia Voice Biometrics Productions Supply Sales Demand Market Status and Forecast
Chapter Five Asia Voice Biometrics Key Manufacturers Analysis
Chapter Six Asia Voice Biometrics Industry Development Trend
Chapter Seven North American Voice Biometrics Market Analysis
Chapter Eight 2014-2019 North American Voice Biometrics Productions Supply Sales Demand Market Status and Forecast
Chapter Nine North American Voice Biometrics Key Manufacturers Analysis
Chapter Ten North American Voice Biometrics Industry Development Trend
Continue . . .

Buy Voice Biometrics Market Report @ https://www.worldwidemarketreports.com/buy/284038

About WMR

Worldwide Market Reports is your one-stop repository of detailed and in-depth market research reports compiled by an extensive list of publishers from across the globe. We offer reports across virtually all domains and an exhaustive list of sub-domains under the sun. The in-depth market analysis by some of the most vastly experienced analysts provide our diverse range of clients from across all industries with vital decision making insights to plan and align their market strategies in line with current market trends.

Mr. Shah
Worldwide Market Reports
1001 4th Ave,
#3200
Seattle, WA 98154,
U.S
Email:sales@worldwidemarketreports.com

This release was published on openPR.