Voice biometrics market is anticipated to grow at a considerable CAGR of 21.4% during the forecast period. The market is expected to witness strong growth owing to the healthcare industry and improvements in terms of accuracy and voice modality. Additionally, several technological advancements in biometric devices such as medical biometrics to further bolster the market growth. For instance, in December 2019, Amazon Web Services (AWS) introduced Amazon Transcribe Medical. It is a speech recognition capability of Amazon Transcribe, which converts clinician and patient’s speech to text.
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Voice biometrics includes a process of converting human voice into digital data. It is widely used as a security feature due to its improved authenticity and enhanced capability of fraud detection. Hence, there is a significant increase in demand for fraud prevention and detection systems in several end-users including BFSI, healthcare & life sciences, and others, which in turn propels the growth of the market.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Voice Biometrics Market by Components
- Solutions
- Services
Global Voice Biometrics Market by Type
- Active Voice Biometrics
- Passive Voice Biometrics
Global Voice Biometrics Market by Deployment Mode
- Cloud
- On-Premises
Global Voice Biometrics Market by Application
- Authentication & Customer Verification
- Access Control
- Fraud Detection & Prevention
- Forensic Voice Analysis & Criminal Investigation
- Others (Workforce Management, Speech Therapy, Personalized User Experience)
Global Voice Biometrics Market by End-Users
- BFSI
- Healthcare and Life Science
- Retail and E-Commerce
- Government
- IT and Telecommunication
- Others (Travel and Hospitality, Logistics and Transportation, Energy)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
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.
- Nuance Communications, Inc.
- OneVault Proprietary Ltd.
- Phonexia
- Pindrop
- QSS Technosoft Pvt. Ltd.
- Sestek Ses ve Iletisim Bilgisayar Teknolojileri San. ve Tic. A.S
- Speech Technology Center Ltd.
- T Stamp Inc. (Trust Stamp)
- Uniphore Technologies Inc.
- Verint Systems
- Voice Biometrics Group (“VBG”)
- VoicePIN
- Voxta
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Voice Biometrics market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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