Summary: Voice Biometrics Market Size 2022
Voice Biometrics Market is valued at approximately USD 0.9 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 22.9% over the forecast period 2022-2028. Voice biometrics is usually used utilized for speech recognition via analysis of an individual voice, pitch, speech, and tone. In terms of security, voice biometric has an extensive advantage in comparison to passwords, as they can be simply hacked or tracked, although voice of an individual is mostly being distinctive and unique as a fingerprint. Thus, the voice biometric technology is gaining a significant traction in a range of industrial application all over the world. Moreover, increasing demand for an intelligent virtual assistant (IVA) and smart speakers with voice capabilities, aided with surging need to minimize identification and authentication costs are the few factors responsible for the high CAGR of the market during the forecast period.
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Major Key Company Profile Analysis Included in Voice Biometrics Market are listed below:
- Nuance Communications
- NICE Systems Ltd.
- Verint Systems
- Pindrop Security
- LexisNexis Risk Solutions
- Phonexia S.R.O.
- Auraya Systems
- Speech Technology Center
This report provides a thorough examination of the current global Voice Biometrics market in terms of demand and supply, as well as current and future scope patterns. Revenue, market share, profit margin, primary product portfolio, and SWOT analysis for the top global firms are all included. This analysis also includes global and regional market size and estimates, as well as key product development trends and a typical downstream segment situation, all set against a backdrop of market drivers and inhibitors. The research in this report focuses on forecasting production and value, major producers, and output and value by type.
This study examines the supply chain from an industry perspective, including an introduction to the process chart, an upstream key raw material and cost analysis, a distributor and downstream buyer analysis, and a distributor and downstream buyer analysis. Gross margin, sales, revenue, production, market share, CAGR, and market size by region are all discussed in the analysis. Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa are the regions and countries that comprise the global Voice Biometrics market.
Voice Biometrics Market Segmentation 2022
Following an evaluation of the overall Voice Biometrics market size, the market was subdivided into numerous categories and sub-segments, which were then confirmed by primary research, which included extensive interviews with industry experts such as CEOs, VPs, directors, and executives. To complete the overall market evaluation process and arrive at exact numbers for all segments and sub-segments, data triangulation and market breakdown techniques were used.
The detailed segments and sub-segment of the market are explained below:
- Banking, Financial Service, and Insurance
- Government Agency
- Healthcare Industry
- Mobile devices
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The revenue and market share of the main competitors are recorded as part of the research technique used to assess and forecast this market. Secondary sources such as press releases, non-profit organizations, annual reports, industry groups, governmental agencies, and customs data were used to identify and compile material useful for this broad commercial study of the Voice Biometrics market. The overall market size was calculated using this information.
Covid-19 Impact Analysis
The implications of COVID-19 on the upstream, midstream, and downstream industries are examined in this Voice Biometrics market analysis. This study provides a comprehensive market analysis by highlighting data on a wide range of topics, including market dynamics such as drivers, barriers, opportunities, and threats, as well as industry news and trends. Finally, this report includes an in-depth evaluation as well as professional advice on how to deal with the post-COIVD-19 period.
Table of Contents – Major Key Points
Chapter 1. Executive Summary
Chapter 2. Global Market Definition and Scope
Chapter 3. Global Market Dynamics
Chapter 4. Global Market Industry Analysis
Chapter 5. Global Voice Biometrics Market, by Product
Chapter 6. Global Voice Biometrics Market, by Application
Chapter 7. Global Voice Biometrics Market, Regional Analysis
Chapter 8. Competitive Intelligence
Chapter 9. Research Process
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