the global Voice Biometrics market was valued at USD 0.69 Billion in 2018 and is expected to reach USD 3.91 Billion by the year 2026, at a CAGR of 23.5%
New York, NY -- (SBWIRE) -- 10/27/2020 -- According to the current analysis of Reports and Data, the global Voice Biometrics market was valued at USD 0.69 Billion in 2018 and is expected to reach USD 3.91 Billion by the year 2026, at a CAGR of 23.5%. The study provides an overall insight into the factors responsible for the growth in the Voice Biometrics market. Owing to rising urbanization and digitalization across the world, end-user sectors like BFSI, Government and Public Sectors and IT & Telecom have experienced growth and now rely on technology-driven systems to operate upon. This has made these sectors prone to hackers which target the valuable information and resources being used in these sectors. Voice Biometrics market is expected to grow because of this factor as biometrics used as credentials involve the use of unalterable, robust, and thorough algorithms to verify users.
The report studies the factors that are likely to influence the growth of the Voice Biometrics market. The report includes the impact of the COVID-19 pandemic on the Voice Biometrics industry. The report offers an in-depth analysis of the market size, market share, and market growth and its estimation through the forecast years on the basis of the COVID-19 crisis. The report is attuned to the recent COVID-19 crisis and its impact on the global market. The report explores the present and future impact of the pandemic and provides an insight into the market scenario in the post-pandemic world.
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The report provides a comprehensive overview of the competitive landscape and provides an analysis of the key companies operating in the industry. The top players operating in the industry are Google, Facebook, Amazon, Apple, Nuance Communications, NICE, AimBrain, Voice Biometrics Group, Verint, OneVault, LumenVox, Phonexia, Uniphore, VoicePIN, Auraya, LexisNexis Risk Solutions Sestek, VoiceVault, Inc, Raytheon Company.
The Voice Biometrics industry is segmented into:
Application (Revenue in USD Million; 2016–2026)
Forensic Voice Analysis
Access Security
Payments
Others (Vocal Passphrase etc.)
Component type (Revenue in USD Million; 2016–2026)
Software
Services
Deployment type (Revenue in USD Million; 2016–2026)
On-Premises
Cloud
Size type (Revenue in USD Million; 2016–2026)
Large Enterprises
Small and Medium Scale Enterprises
End User Industry (Revenue in USD Million; 2016–2026)
Government
Banking and Finance
Consumer Electronics
Healthcare
Transport/Logistics
Defence & Security
Others
Regional Outlook of Voice Biometrics Market:
The report aims to provide a better understanding of the market dynamics and the workings of the industry on a global level. To gain a deeper understanding of the industry, the global Voice Biometrics market is analyzed on the basis of key geographical regions such as North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa.
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Key Questions Answered by the Report:
What are the key driving factors of the Voice Biometrics industry?
Which segment and sub-segment are expected to show significant growth during the forecast period?
What will the market size and growth rate be throughout the forecast period?
Who are the prominent players of the Voice Biometrics industry?
What are the technological advancements and product developments taking place in the Voice Biometrics market?
Which region is expected to dominate the market in the coming years?
What are the key outcomes of the SWOT analysis and Porter's Five Forces analysis?
What are the key risk factors and challenges the companies will face in the market?
What factors are expected to hinder the growth of the Voice Biometrics industry
Radical Features of the Voice Biometrics Market Report:
Valuable insights into the Voice Biometrics market to impart an in-depth understanding of the business verticle
An 8-year forecast estimation along with an analysis of key elements of the market
Technological advancements, regulatory framework, and recent developments covered in the report
Growth analysis and projections until 2027
Statistical analysis of the key players operating in the Voice Biometrics industry.
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