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Voice Biometrics Market Comprehensive Analysis, Future Growth, Latest Opportunities And Forecast Research Report 2023-2032: Nuance Communications Inc., Aculab, Auraya System, NICE Systems Ltd., OneVault
Voice Biometrics Market
Voice Biometrics Market Size, Growth Rate, And Forecast
The global voice biometrics market size is expected to grow from $1.55 billion in 2022 to $1.9 billion in 2023 at a compound annual growth rate (CAGR) of 22.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The voice biometrics market size is expected to grow to $4.16 billion in 2027 at a CAGR of 21.6%.
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Voice Biometrics Market Drivers
The increase in incidence of cyber-attacks is expected to propel the growth of the voice biometrics market going forward. Incidence of Cyber-attacks in voice biometrics refers to an event that jeopardizes the confidentiality, integrity, or availability of digital information from a computer, computing system, or computer network with the intent to cause damage. As technology advances, the frequency and complexity of cyber-attacks and malware encountered while using internet-driven technologies has increased, necessitating the use of stronger biometric definition systems in addition to usernames and passwords, resulting in an increased demand for voice biometrics
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Voice Biometrics Market Segments
• By Type: Passive Voice Biometrics, Active Voice Biometrics
• By Component: Solution, Services
• By Deployment: Cloud, On-Premise
• By Application: Authentication And Customer Verification, Forensic Voice Analysis And Criminal Investigation, Fraud Detection And Prevention, Transaction Processing, Access Control, Workforce Management
• By End-User: BFSI, Government, Telecommunication, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Voice Biometrics market.
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Voice Biometrics Market Key Players
Major competitors in the Voice Biometrics market are Nuance Communications Inc., Aculab, Auraya System, NICE Systems Ltd., OneVault, Pindrop Security, Verint Systems, Speech Technology Center, LumenVox, Uniphore, Sestek, VoicePIN, QSS Technosoft, Voxta Communications Private Limited, Interactions Corporation, ID R&D, and Kaizen Secure Voiz Pvt. Ltd.
The Business Research Company's "Global Voice Biometrics Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Voice Biometrics Market Include:
1. Executive Summary
2. Voice Biometrics Market Characteristics
3. Voice Biometrics Market Trends And Strategies
4. Voice Biometrics Market - Macro Economic Scenario
5. Voice Biometrics Market Size And Growth
………………
27. Voice Biometrics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Voice Biometrics Market
29. Voice Biometrics Market Future Outlook and Potential Analysis
30. Appendix
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