Voice Biometrics Market to Exhibit a Remarkable 20.6% CAGR: Moves by Aculab, Auraya, Aware, Nice, Pindrop, Phonexia

According to a published report by The Insights Partners, titled, "Voice Biometrics Market Trends, Size, Share and Global Industry Trends and Geography Forecast till 2028," The voice biometrics market share is expected to grow from US$ 1,319.23 million in 2021 to US$ 4,823.85 million by 2028; it is estimated to grow at a CAGR of 20.6% from 2022 to 2028. The rise of modern technologies such as artificial intelligence (AI), machine learning (ML), cloud computing, and data analytics and the strong demand for preserving healthcare and financial data is propelling the growth of the voice biometrics market. End-use industries such as banking, financial services and insurance (BFSI), government and public sectors, and IT & telecom are experiencing growth due to increasing urbanization and digitalization worldwide.

Voice Biometrics Market analysis report comprises of the right information at fingertips which is the key to making faster and more informed decisions. The market research report is a demonstrated source of information which offers a telescopic view of the current market trends, size, share, growth, demand, opportunities and industry status. The report can get accurate, in-depth information on latest market trends, future directions and unexplored avenues across industry verticals. Such tailor-made market research reports aid clients boost their brand equity and realign market goals for better profitability. With collective skill set of specialized domain-based knowledge, proprietary techniques, and exclusive software is integrated into the market research so that clients can always expect an absolute success with Voice Biometrics business report.

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If you are part of the Voice Biometrics industry or intend to be, then study would provide you comprehensive outlook. It is vital to keep your market knowledge up to date analysed by major players and high growth emerging players. If a different set of players need to be analysed as per geography or regional target then enquire us with your customized requirements.

Accurate intelligence can be obtained with the SWOT analysis given in the first-class Voice Biometrics market report that guide businesses identify opportunities as well as both internal and external influences. With an excellent secondary research expertise and the ability to find correct information sources, such as local government websites and publications, the report has been produced. The personalized research process is designed to create Voice Biometrics market report according to the customers' goals, establishing research parameters prior to beginning data collection to ensure that the team gathers only pertinent data, keeping costs aligned with the business's budget.

Report Scope and Market Segmentation

Market Size Value in: US$ 1,319.23 million in 2021

Market Size Value by: US$ 4,823.85 million by 2028

Growth Rate: CAGR of 20.6% from 2022 to 2028.

Forecast Period: 2022 to 2028

Base Year: 2022

Historic Years: Yes (Customizable to 2014 - 2019)

Quantitative Units: Revenue in USD Million, Volumes in Units, Pricing in USD

Countries Covered: U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

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Global Voice Biometrics Market: Competition Analysis       

With drastic change in consumer's behaviour, firms, brands and value stakeholder in Voice Biometrics are curious to understand the implications for their products and services. Some of key competitors or manufacturers included in the study are

Aculab
Auraya, Inc
Aware Inc
Nuance Communications, Inc
Nice
Pindrop
Phonexia
SESTEK
Whispeak
VERINT SYSTEMS INC
…..
Market Analysis by Types: 

By Component (Solution and Services)

By Type (Active Voice Biometrics and Passive Voice Biometrics), Authentication Process (Automated IVR, Agent-assisted, Mobile Application, and Employee Authentication), Deployment (Cloud and On-premise), Vertical (BFSI, Retail & Commerce, Government & Defense, IT & Telecom, Healthcare & Life Sciences, Transportation & Logistics, Travel & Hospitality, Energy & Utilities, and Others)

Market Analysis by Applications: 

By Application (Authentication & Customer Verification, Forensic Voice Analysis & Criminal Investigation, Fraud Detection & Prevention, Risk & Emergency Management, Transaction Processing, Access Control, Workforce Management, and Others)

& Competitive Landscape

Impact of COVID-19 Pandemic on Voice Biometrics Market
The global lockdown due to the COVID-19 pandemic caused a modest slowdown in the voice biometrics market in 2020. Almost every industry got negatively impacted by the COVID-19 pandemic, which exacerbated the situation. The lockdown negatively influenced global production, supply networks, logistics, and the continuity of operations in different industries. Manufacturing, transportation and logistics, and retail and consumer products were the industries, which faced maximum problems. The availability of necessary items was disrupted due to a lack of staff to operate production lines, supply chains, and transportation. In early 2021, the condition was under control, while demand for voice biometrics solutions and services was rising due to the increased need for improved customer experience and the development of individualized relationships with prospects.

Market Insight
Increasing Adoption of Voice Biometrics in Healthcare Industry
Healthcare organizations can secure their medical staff and their patients with voice biometrics. Unlike fingerprint and facial recognition, voice biometrics can be used on any device with a microphone, such as a tablet, PC, or medical device such as an X-ray machine. Users merely need to use their voice to prove their identity to access records and other resources. Voice biometrics can also be utilized in online password reset services to ensure that quick and safe password resets save medical staff and patients time. Another useful application is identifying and verifying patients during consumer contacts in call centers.

Component Segment Insights
Based on component, the market is segmented into solutions and services. The technology sector is witnessing a significant rise in demand for software as solutions simplify the component time and significantly reduce the cost of deployment. Adopting voice biometrics enables the construction of comprehensive views of their data, assisting in powering existing processes and apps while also allowing for the rapid development of new use cases.

Voice Biometrics Quantitative Market Data

Market Data breakdown by major geographies, Type & Application/End-users
• Voice Biometrics Market Revenue & Growth Rate by Type [Integrated Card Reader Solutions & Card Reader Accessories] (2022-2028)
• Voice Biometrics Market Revenue & Growth Rate by Application [] (2022-2028)
• Voice Biometrics Market Revenue & Growth Rate by Each Region Specified (2022-2028)
• Voice Biometrics Market Volume & Growth Rate by Each Region Specified, Application & Type (2022-2028)
• Voice Biometrics Market Revenue Share & Y-O-Y Growth Rate by Players (2022)

Application Segment Insights

Based on application, the voice biometrics market is categorized into authentication and customer verification, forensic voice analysis and criminal investigation, fraud detection and prevention, risk and emergency management, transaction processing, access control, workforce management, and others. Verification is normally done only once, but after that, a person's identity must be confirmed each time they use an access control technique to access a system or resource.

are among the key players in the global voice biometrics market. The leading companies are focusing on expanding and diversifying their market presence and acquiring a new customer base, thereby tapping prevailing business opportunities. The market players focus on new product innovations and developments by integrating advanced technologies and features to compete with the competitors.

In October 2021, Auraya released latest version of their voice biometric ArmorVox 17.9.2. It was embedded with exceptional and improved features and additional biometric scoring options to analyze and prevent any fraud activity.
Nov-2021, Aculab have joined ForgeRock's platform of ForgeRock Trust Network for quick identification and verification of their users via unique voiceprint. Aculab will provide password less experience to the customers of ForgeRock through their AI driven voice biometric solutions.
Important Features that are under offering & key highlights of the Voice Biometrics market report:

Why lots of Key players are not profiled in Study?

-> The market study is surveyed collecting data of various companies from Voice Biometrics industry, and the base for coverage is NAICS standards. However, the study is not limited to profile only few companies; connect with sales executive to get customized list. The standard version of research report is listed with players like

Aculab
Auraya, Inc
Aware Inc
Nuance Communications, Inc
Nice
Pindrop
Phonexia
SESTEK
Whispeak
VERINT SYSTEMS INC
Does Scope of Market Study allow further Segmentation?

-> Yes, for a deep dive analysis add-on segmentation is applicable in premium customized version of report to better derive market values. The standard version of this report covers segmentation by Application [], by Type [,] and by regions [North America, US, Canada, Mexico, Europe, Germany, France, U.K., Italy, Russia, Nordic Countries, Benelux, Rest of Europe, Asia, China, Japan, South Korea, Southeast Asia, India, Rest of Asia, South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Turkey, Israel, Saudi Arabia, UAE & Rest of Middle East & Africa]

What value addition does Country landscape will provide?
-> In the premium version of report, two-level of regional segmentation allows user to have access to country level break-up of market Size by revenue and volume*
* Wherever applicable

The Insights Partners provides customized study specific to regional and country-level reports for the following areas.
• North America: United States, Canada, and Mexico.
• South & Central America: Argentina, Chile, and Brazil.
• Middle East & Africa: Saudi Arabia, UAE, Turkey, Egypt and South Africa.
• Europe: the United Kingdom, France, Italy, Germany, Spain, and Russia.
• Asia-Pacific: India, China, Japan, South Korea, Indonesia, Singapore, and Australia etc.

Actual Numbers & In-Depth Analysis, Business opportunities, Market Size Estimation Available in Full Report.

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Outperform competitors using forecast data and the drivers and trends shaping the market.

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The report answers questions such as:

What is the market size and forecast of the Global Voice Biometrics Market?

What are the inhibiting factors and impact of COVID-19 shaping the Global Voice Biometrics Market during the forecast period?

Which are the products/segments/applications/areas to invest in over the forecast period in the Global Voice Biometrics Market?

What is the competitive strategic window for opportunities in the Global Voice Biometrics Market?

What are the technology trends and regulatory frameworks in the Global Voice Biometrics Market?

What is the market share of the leading vendors in the Global Voice Biometrics Market?

What modes and strategic moves are considered suitable for entering the Global Voice Biometrics Market?

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