Voice Biometric Solutions Market

Voice Biometric Solutions Market Research Report for Complete Analysis of Current Scenario March 02, 2022

According to a new market report published by Transparency Market Research, the global voice biometric solution market is expected to reach a value of US$ 13,049.2 Mn by 2026 on account of growing adoption of voice biometric solutions and biometric technology across various industries. The market is projected to expand at a CAGR of 17.3% during the forecast period from 2018 to 2026. Asia Pacific is anticipated to experience healthy growth which is expected to be followed by Middle East & Africa during the forecast period. The authentication speech recognition software segment is expected to see flourishing growth, owing to rising demand for authentication and client and customer verification solutions.

Major Key Players of the Voice Biometric Solutions Market are:

Agnitio SL., Bioid Ag, Nuance Communications, OneValult, VoiceTrust Ag.,ValidSoft, Ltd,VoicePass Technology, VoiceVault, Voice Biometrics Group Limited, Qualcomm Technologies, Inc., Auraya Systems, Geamlto N.V. and Verint Systems.

Request a Sample of Voice Biometric Solutions Market – https://www.transparencymarketresearch.com/sample/sample.php? ﬂag=S&rep_id=47700

Adoption of voice biometric solutions driving the global voice biometric solution market

Rapid developments in technologies for authentication and payment purposes have made it possible for the biometrics industry to increase the number of consumers across the world. There has been a signiﬁcant need for technological solutions in biometric technology due to its advance features that helps in enhancing authentication and veriﬁcation solutions. This is likely to create strong demand for voice biometric solutions in the near future. Similarly, vendors across countries such as China, India, the U.S., Australia, Germany, Finland, Singapore, and Denmark are focusing on enhancing voice biometric technological aspects of the biometric technology. Public agencies as well as private companies are also emphasizing on

Turn static files into dynamic content formats.

Create a flipbook

Voice Biometric Solutions Market

Published on Apr 28, 2022Technology & Computing

Abhinav Singh

Technological inventions in electronic equipment have increased at a fast pace. Biometrics are one such innovation that play a vital role in various industries such as banking, government, telecom, healthcare, etc. Voice biometrics solutions are used for establishing the identity of a person by analyzing hundreds of voice characteristics, which are more unique to an individual than a fingerprint. Voice authentication is commonly deployed as an additional security layer, especially in organizations targeted by fraud rings.These organizations include banks, insurance companies, and healthcare providers. It provides stronger authentication than a knowledge-based approach by verifying people on the basis of their voice characteristics.