Voice Biometrics Market Scope And Analysis

Report Code : TIPRE00004086
Category : Technology, Media and Telecommunications

No. of Pages : 150

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Voice Biometrics Market Analysis Report 2022 to 2028

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Voice Biometrics Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 1.89 Billion
Market Size by 2031	US$ 9.79 Billion
Global CAGR (2023 - 2031)	22.8%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Component Solution and Services By Type Active Voice Biometrics and Passive Voice Biometrics By Authentication Process Automated IVR Agent-assisted Mobile Application Employee Authentication By Deployment Cloud and On-premise
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Aculab Auraya Inc Aware Inc Nuance Communications Inc NICE Ltd Pindrop Phonexia SESTEK Verint Systems Inc Whispeak

Voice Biometrics Market News and Recent Developments

The voice biometrics market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the voice biometrics market are listed below:

Bank of Ireland announced an investment of more than US$ 36 million to upgrade its phone and CRM systems, including adding voice biometrics for authentication. The use of voice biometrics will improve fraud protection and reduce waiting times for customers. This investment follows an announcement of US$64 million on ATMs and branch networks and US$54 million on fraud protections. (Source: Bank of Ireland, Press Release, May 2024)
City Union Bank Limited (CUB) introduced a new feature that allows customers to use voice biometric authentication when logging into the bank’s mobile banking app, aimed at improving security. The bank planned to extend this feature to net banking users as well, and the development process is currently underway. (Source: City Union Bank Limited, Press Release, April 2023).

Voice Biometrics Market Report Coverage and Deliverables

The “Voice Biometrics Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

Voice biometrics market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
Voice biometrics market trends as well as market dynamics such as drivers, restraints, and key opportunities
Detailed PEST/Porter’s Five Forces and SWOT analysis
Voice biometrics market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the voice biometrics market
Detailed company profiles