Voice Biometrics Authentication Market | Global Opportunity Analysis and Industry Forecast 2024-2033

According to the report published by Allied Market Research, The Voice Biometrics Authentication Market | Global Opportunity Analysis and Industry Forecast 2024-2033. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers valuable able guidance to leading players, investors, shareholders, and startups in devising strategies for sustainable growth and gaining a competitive edge in the market.

There is a rising demand for secure authentication solutions driven by escalating cyber threats and the need to protect sensitive data across digital platforms. Businesses and individuals alike seek reliable technologies such as voice biometrics to ensure robust identity verification and safeguard against unauthorized access.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 (𝐆𝐞𝐭 𝐅𝐮𝐥𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐢𝐧 𝐏𝐃𝐅 - 250 𝐏𝐚𝐠𝐞𝐬) 𝐚𝐭: https://www.alliedmarketresearch.com/request-sample/A324127

The global voice biometrics authentication market was valued at $1.9 billion in 2023, and is projected to reach $9.0 billion by 2033, growing at a CAGR of 16.5% from 2024 to 2033.

The voice biometrics authentication market is segmented into type, deployment mode, enterprise size, industry vertical and region. On the basis of type, the market is divided into active biometrics and passive biometrics. As per deployment mode, the market is bifurcated into on-premise and cloud. Depending on enterprise size, the market is segregated into small and medium enterprises and large enterprises. On the basis of industry vertical, the market is divided into BFSI, retail and e-commerce, telecommunications and IT, government and defense, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐬𝐮𝐦𝐦𝐚𝐫𝐲 𝐚𝐭: https://www.alliedmarketresearch.com/voice-biometrics-authentication-market-A324127

𝐑𝐞𝐜𝐞𝐧𝐭 𝐊𝐞𝐲 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬 𝐚𝐧𝐝 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬

In March 2023, Cerence Inc., AI for a world in motion, introduced its next-generation AI-powered biometrics engine in Cerence Assistant, providing enhanced personalization and security capabilities for the mobility experience. Powered by the latest advances in AI, Cerence Voice Biometrics is now more accurate at creating driver profiles; identifying who is speaking; and enabling deeper opportunities for safe, secure, and individualized interactions with the in-car assistant.

In August 2020, HSBC launched voice recognition and touch security services in the UK in a big leap towards the introduction of biometric banking. Nuance Communications is supplying the voice biometrics technology, which works by cross-checking against over 100 unique identifiers including both behavioral features such as speed, cadence and pronunciation, and physical aspects including the shape of larynx, vocal tract, and nasal passages.

𝐈𝐟 𝐲𝐨𝐮 𝐡𝐚𝐯𝐞 𝐚𝐧𝐲 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬, 𝐏𝐥𝐞𝐚𝐬𝐞 𝐟𝐞𝐞𝐥 𝐟𝐫𝐞𝐞 𝐭𝐨 𝐜𝐨𝐧𝐭𝐚𝐜𝐭 𝐨𝐮𝐫 𝐚𝐧𝐚𝐥𝐲𝐬𝐭 𝐚𝐭: https://www.alliedmarketresearch.com/connect-to-analyst/A324127

North America exhibits robust demand and notable trends in the Voice Biometrics Authentication market driven by several key factors. Firstly, the region's advanced technological infrastructure and high adoption rates of digital services across industries like banking, healthcare, and government foster a fertile ground for biometric solutions. These sectors prioritize stringent security measures to safeguard sensitive data and comply with regulatory standards, propelling the adoption of voice biometrics. Moreover, increasing instances of cybersecurity threats and identity fraud have heightened the urgency for robust authentication methods.

The major players operating in the voice biometrics authentication market include Microsoft Corporation, Verint Systems Inc., Voice Biometrics Group, NICE Ltd, and Auraya Inc. Other players in voice biometrics authentication market include Phonexia SRO, BioCatch Ltd, Pindrop Security Inc., Aculab Inc., and LumenVoxand.

𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/A324127

𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬:

In May 2024, Bank of Ireland announced that it is expected to invest around $36 million to upgrade its phone and CRM systems, including adding voice biometrics for authentication. This investment equips colleagues with the latest technology to provide better and faster resolution of calls, and colleagues will now have a 'single view' of the customer at the touch of a button providing them with instant access to all their information without having to talk to another part of the bank. This investment will make things faster and better for customers and for colleagues.

In April 2023, City Union Bank Limited (CUB) launched a facility through which customers can now use Voice Biometric authentication for logging into the mobile banking app. The feature of voice biometric login will shortly be extended for net banking users, the process is under development. Voice biometric is projected to be one other option for the customer to log in, apart from existing modes like User ID/PIN, face ID, fingerprint authentication, etc. CUB also clarified that the customers could choose any one of these authentication options as per their convenience.

𝐁𝐮𝐲 𝐍𝐨𝐰 & 𝐆𝐞𝐭 𝐔𝐩𝐭𝐨 𝟓𝟎% 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 (250 𝐏𝐚𝐠𝐞𝐬 𝐏𝐃𝐅 𝐰𝐢𝐭𝐡 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐂𝐡𝐚𝐫𝐭𝐬, 𝐓𝐚𝐛𝐥𝐞𝐬, 𝐚𝐧𝐝 𝐅𝐢𝐠𝐮𝐫𝐞𝐬) 𝐚𝐭: https://www.alliedmarketresearch.com/voice-biometrics-authentication-market/purchase-options

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