Voice Recognition Biometrics Market 2024-2028
The voice recognition biometrics market is forecasted to grow by USD 5421.2 mn during 2023-2028, accelerating at a CAGR of 25.6% during the forecast period. The report on the voice recognition biometrics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising prominence of voice recognition biometrics in bfsi sector, increasing adoption of technology in healthcare sector, and popularity of voice recognition among law enforcement.
Technavio's voice recognition biometrics market is segmented as below:
- By Type
- Active voice biometrics
- Passive voice biometrics
- By End-user
- BFSI
- Government
- Telecommunication
- Healthcare
- Others
- By Geographical Landscape
- North America
- APAC
- Europe
- South America
- Middle East and Africa
This study identifies the introduction of voice recognition biometrics in automotive sector as one of the prime reasons driving the voice recognition biometrics market growth during the next few years. Also, introduction of voice recognition in multi-modal biometrics and introduction of voice recognition biometrics in wearables will lead to sizable demand in the market.
The report on the voice recognition biometrics market covers the following areas:
- Voice Recognition Biometrics Market sizing
- Voice Recognition Biometrics Market forecast
- Voice Recognition Biometrics Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading voice recognition biometrics market vendors that include Aculab Plc, Auraya Systems Pty. Ltd., Aware Inc., Imageware Systems Inc., Kaizen Voiz, LumenVox GmbH, Microsoft Corp., Mitek Systems Inc., NICE Ltd., OneVault Pty. Ltd., Optimal Technology Solutions LLC, Phonexia Sro, Pindrop Security Inc., Sensory Inc., Speech Technology Center Ltd., ValidSoft Group, Verint Systems Inc., Voice Biometrics Group, VoicePIN.com Sp zoo, and Voxta. Also, the voice recognition biometrics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.