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Voice Biometrics Market Increasing Demand, Growth Analysis and Future Outlook by 2031

07-09-2024 12:30 PM CET | IT, New Media & Software

Press release from: Orion Market Research

Voice Biometrics Market Increasing Demand, Growth Analysis

The global voice biometrics market is anticipated to grow at a considerable CAGR of 21.4% during the forecast period. The growing development of voice biometric systems integrated with new and advanced technological methods such as deep learning and AI, among others is the major factor bolstering the growth of the market. Several major players such as Voxta, Verint Systems, LumenVox GmbH, and Nuance Communication, Inc., among others serving the market are also focusing on introducing solutions embedded with new technologies. For instance, in September 2021, Amazon Web Services (AWS) introduced Amazon Connect Voice ID, a machine learning (ML) based voice authentication feature for Amazon Connect. It is an easy-to-use omnichannel cloud-based contact centre. The product was launched to improve customer services at an affordable rate. Amazon Connect Voice ID offers both real-time caller authentication, to provide contact centres with an additional security layer to help validate customer identity, and fraud risk detection, to help make contact centre operations more secure.

To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/voice-biometrics-market

Apart from this, in October 2021, Speechmatic, a British company in deep learning and speech recognition technology launched Autonomous Speech Recognition (ASR) software using the latest techniques in deep learning. The company has worked with key players such as Apple, Amazon, Google, and Microsoft, among others. According to the company, it has reduced around 45% of the speech recognition errors among these technology giants. Additionally, Speechmatics recorded 91.8% accuracy compared to Google and Deepgram which was estimated around 83.4% and 82.3%, respectively.

Global Voice Biometrics Market Report Segment

By Components

• Solutions
• Services

By Type

• Active Voice Biometrics
• Passive Voice Biometrics

By Deployment Mode

• Cloud
• On-Premises

By Application

• Authentication & Customer Verification
• Access Control
• Fraud Detection & Prevention
• Forensic Voice Analysis & Criminal Investigation
• Others (Workforce Management, Speech Therapy, Personalized User Experience)

By End-Users

• BFSI
• Healthcare and Life Science
• Retail and E-Commerce
• Government
• IT and Telecommunication
• Others (Travel and Hospitality, Logistics and Transportation, Energy)

A full report of Voice Biometrics Market available @ https://www.omrglobal.com/industry-reports/voice-biometrics-market

Voice Biometrics Market Report Segment by Region

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

Company Profiles

• Aculab
• AnyVision Interactive Technologies Ltd.
• AURAYA
• Aware, Inc.
• Element Matrix Services (Element)
• ForgeRock
• ID R&D
• Interactions LLC
• KAIZEN SECURE VOIZ
• LexisNexis Risk Solutions
• LumenVox GmbH
• NICE Ltd.

Reasons to Buying From us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.


Visit more report at

https://www.linkedin.com/pulse/scaffold-technology-market-size-trends-latest-arti-vishwakarma-mlsof/

https://www.linkedin.com/pulse/aesthetic-threads-market-increasing-demand-growth-2031-vishwakarma-pyg5f

Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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