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Voice biometrics is utilized for voice recognition through analysis of an individuals pitch, speech, voice and tone. In terms of security, it has a great advantage over passwords, as a password can be easily tracked or hacked; voice of an individual is as distinctive and unique as a fingerprint.
a voice is recognized in two patterns, namely text-dependent and text-independent. Gaining popularity among various sectors such as the entertainment industry, cloud computing, social networking, and building security is one of the major factors responsible to drive the growth of the voice biometrics market. Furthermore, huge demand for high-level security in the financial sector and increasing public awareness are also expected to provide growth to the market. A major factor restricting the growth of the market are issues related to privacy and high cost.
Market Analysis and Insights: Global Voice Biometrics Market
The global Voice Biometrics market size is projected to reach US$ 948.4 million by 2026, from US$ 787.2 million in 2020, at a CAGR of 19.0%% during 2021-2026.
Global Voice Biometrics Scope and Market Size
Voice Biometrics market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Voice Biometrics market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.
Agnitio
American Safety Council
Bioid
Nuance Communications
OneValult
...
Hardware
Software
Automotive
Banking and Financial Service
Government Agency
Healthcare Industry
Mobile devices
North America
Europe
China
Japan
Southeast Asia
India
a voice is recognized in two patterns, namely text-dependent and text-independent. Gaining popularity among various sectors such as the entertainment industry, cloud computing, social networking, and building security is one of the major factors responsible to drive the growth of the voice biometrics market. Furthermore, huge demand for high-level security in the financial sector and increasing public awareness are also expected to provide growth to the market. A major factor restricting the growth of the market are issues related to privacy and high cost.
Market Analysis and Insights: Global Voice Biometrics Market
The global Voice Biometrics market size is projected to reach US$ 948.4 million by 2026, from US$ 787.2 million in 2020, at a CAGR of 19.0%% during 2021-2026.
Global Voice Biometrics Scope and Market Size
Voice Biometrics market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Voice Biometrics market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.
The key players covered in this study
Agnitio
American Safety Council
Bioid
Nuance Communications
OneValult
...
Market segment by Type, the product can be split into
Hardware
Software
Market segment by Application, split into
Automotive
Banking and Financial Service
Government Agency
Healthcare Industry
Mobile devices
Market segment by Regions/Countries, this report covers
North America
Europe
China
Japan
Southeast Asia
India
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
