MarkNtel Advisors who is leading market research company, has recently published a research report, titled Global “Voice Biometrics Market”. The report is estimated historical data, base year and forecast period and the projections are made for the next five years, i.e., 2023-28. The data, facts, and figures are sourced from reliable platforms, including government portals, white papers, and others.

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Market Study Period

Historical Data: 2018-21

Base Year: 2022

Forecast Period: 2023-28

CAGR (2023-2028): 23.48%

Global Voice Biometrics Market Insights:

The Global Voice Biometrics Market size was valued at around USD 2.53 billion in 2022 and is estimated to grow at a CAGR of about 23.48% during the forecast period, i.e., 2023-28. The report covers each and every aspect of the market in detail, offering actionable insights to the stakeholders. We extensively cover key trends, opportunities, possible challenges, and major growth drivers for the industry. The report also highlights the role and involvement of governments and other relevant factors that promote market growth.

Global Voice Biometrics Market Drivers:

Rising Demand for Robust Fraud Detection System across BFSI Sector – The banking industry has witnessed a rapid surge in fraudulent activities, such as theft of sensitive data & illegal access to customer’s bank accounts, due to the digitalization of the sector. To address this critical issue, an additional layer of security is required within the financial authentication system, leading to the upscaled adoption of voice biometrics solutions to meet the specific needs of intelligently identifying users based on their unique voiceprints.

In addition, the BFSI industry has been expanding considerably over the past few years owing to several causes, including economic expansion of industrial sectors & growing demand for better access to financial services for both consumers & businesses. This expansion has resulted in the enhanced demand for better fraud detection services like voice biometrics, which augmented the market growth during 2018-22.

Explore the Complete Voice Biometrics Market Analysis Report –

Which segments are covered in the Voice Biometrics Market Research Report?

  • By Type
    • Active Voice Biometrics
    • Passive Voice Biometrics
  • By Deployment
    • On-Premise
    • Cloud
  • By Authentication Process
    • Automated IVR
    • Agent-Assisted
    • Mobile Applications
    • Employee Authentication
  • By Application
    • Authentication and Customer Verification
    • Forensic Voice Analysis and Criminal Investigation
    • Fraud Detection and Prevention
    • Risk and Emergency Management
    • Transaction Processing
    • Access Control
    • Workforce Management
    • Others (Vocal Passphrase, Speech Therapy, etc.)
  • By Vertical
    • Banking, Financial Services, & Insurance (BFSI)
    • Government
    • Healthcare
    • Retail & E-commerce
    • IT & Telecommunication
    • Transportation & Logistics
    • Others (Education, Hospitality, etc.)
  • By Enterprise Size
    • Large Enterprises
    • Small & Medium Enterprises
  • By Region
    • North America
    • South America
    • Europe
    • The Middle East & Africa
    • Asia-Pacific

Top 10 Key Brands/Players in the Voice Biometrics Market

Our analysts have closely analyzed leading players within the industry, providing stakeholders with valuable insights into the competitive landscape. This enables them to formulate strategic tactics based on the comprehensive data compiled in the report. The information encompasses recent developments, mergers and acquisitions, product/service launches, expansion plans, and revenue-generating opportunities. Notable entities featured in the report include:

  • Aculab Inc.
  • Agnitio SL
  • BioCatch Ltd
  • LexisNexis Risk Solutions Inc.
  • Nuance Communications Inc.
  • One Vault
  • Pindrop Security Inc.
  • Phonexia SRO
  • Uniphore Software Systems Pvt Ltd
  • Verint Systems Inc.
  • Voice Biometrics Group (VBG)
  • VoicePass Technology
  • ID R&D
  • Others

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Frequently Asked Questions

  1. Which companies dominate the Voice Biometrics Market in terms of market share?
  2. What is the projected market size of Voice Biometrics Market in 2028?
  3. What key factor is anticipated to propel the Voice Biometrics Market by 2028?
  4. How big is the Voice Biometrics Market?

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