Voice Biometrics Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The voice biometrics market is expected to register a CAGR of 19.48% over the forecast period 2022 - 2027. The proliferation in the large-scale use of stolen data by professional fraudsters renders knowledge-based authentication increasingly inadequate for distinguishing legitimate users from fraudsters. This has led to the proliferation of biometric technologies. Voice biometrics is a versatile technology that uses several areas, including call center authentication, hands-free interface, bank account protection, and mobile application development.
Key HighlightsThe voice biometrics market remains highly competitive, with several emerging players getting into the biometric ecosystem. The market has witnessed a few mergers and acquisitions in the recent past. With the inflow of massive amounts of funds into the startups operating in this space, the launch of several new products is expected in the years ahead. Some of the recent developments are as follows:-
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