Voice Biometrics Market Hits USD 2.53 Billion Worth in 2022 and till 2030 23.48% CAGR Growth Expected

MarkNtel Advisors, a leading market research company, has recently releases report titled “Voice Biometrics Market 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), and Region 2024-2030”. The study provides a detailed analysis of the industry, including the Voice Biometrics market size, share, top player, latest trends, and growth forecasts. The report also includes geographical analysis and highlights the latest advancements in the market.

How Big is the Voice Biometrics Industry?

The Global Voice Biometrics Market size reached USD 2.53 Billion in 2022. Looking forward, it is expected to rise at a CAGR of around 23.48% during the forecast period 2024-2030.

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Voice Biometrics Market Growth Opportunity:

Digital Health Innovations in Asia-Pacific to Open New Doors for the Players – The countries in the Asia-Pacific region, such as Singapore, India, South Korea, etc., are witnessing significant growth in digital health innovations due to substantial funding & a growing ecosystem of digital health ventures. COVID-19 has further enhanced digitalization in the healthcare sector, which has led to increased usage of applications such as telehealth, remote patient monitoring, etc. Therefore, to cater to this opportunity, many companies, such as RxDefine, Amazon, etc., launched telehealth applications in 2022. Similarly, companies like Milestone, Cadence, etc., unveiled their remote patient monitoring applications in 2022. The surge of telehealth & remote patient monitoring has created substantial demand for patient authentication processes, and this is creating new opportunities for market players to extend their voice biometric solutions to healthcare service providers.

Competitor Breakdown: Top Voice Biometrics Companies 2024-2030

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

Note: Additional or any 5 specific company in the Market can be added to the list without any Extra cost.

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Regional Analysis:

North America, Europe, Asia Pacific, Middle East & Africa, and South America

Share of each region segment in the Market

Potential growth opportunities in the region

The growth rate of the region in the Industry

Breaking Down the Voice Biometrics Market Segmentation:

By Type

Active Voice Biometrics – Market Size & Forecast 2019-2030, (USD Million)

Passive Voice Biometrics – Market Size & Forecast 2019-2030, (USD Million)

By Deployment

On-Premise – Market Size & Forecast 2019-2030, (USD Million)

Cloud – Market Size & Forecast 2019-2030, (USD Million)

By Authentication Process

Automated IVR- Market Size & Forecast 2019-2030, (USD Million)

Agent-Assisted – Market Size & Forecast 2019-2030, (USD Million)

Mobile Applications – Market Size & Forecast 2019-2030, (USD Million)

Employee Authentication – Market Size & Forecast 2019-2030, (USD Million)

By Application

Authentication and Customer Verification – Market Size & Forecast 2019-2030, (USD Million)

Forensic Voice Analysis and Criminal Investigation – Market Size & Forecast 2019-2030, (USD Million)

Fraud Detection and Prevention – Market Size & Forecast 2019-2030, (USD Million)

Risk and Emergency Management – Market Size & Forecast 2019-2030, (USD Million)

Transaction Processing – Market Size & Forecast 2019-2030, (USD Million)

Access Control – Market Size & Forecast 2019-2030, (USD Million)

Workforce Management – Market Size & Forecast 2019-2030, (USD Million)

Others (Vocal Passphrase, Speech Therapy, etc.) – Market Size & Forecast 2019-2030, (USD Million)

By Vertical

Banking, Financial Services, & Insurance (BFSI)- Market Size & Forecast 2019-2030, (USD Million)

Government – Market Size & Forecast 2019-2030, (USD Million)

Healthcare- Market Size & Forecast 2019-2030, (USD Million)

Retail & E-commerce- Market Size & Forecast 2019-2030, (USD Million)

IT & Telecommunication – Market Size & Forecast 2019-2030, (USD Million)

Transportation & Logistics – Market Size & Forecast 2019-2030, (USD Million)

Others (Education, Hospitality, etc.) – Market Size & Forecast 2019-2030, (USD Million)

By Enterprise Size

Large Enterprises – Market Size & Forecast 2019-2030, (USD Million)

Small & Medium Enterprises- Market Size & Forecast 2019-2030, (USD Million)

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Voice Biometrics Market Hits USD 2.53 Billion Worth in 2022 and till 2030 23.48% CAGR Growth Expected