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A surge in urbanization, an increasing number of cyberattacks, and the emergence of technologies such as machine learning and artificial intelligence is driving the market demand.
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Voice Biometrics Market Size Worth USD 4.90 Billion by 2027 www.emergenresearch.com A surge in urbanization, an increasing number of cyberattacks, and the emergence of technologies such as machine learning and artificial intelligence is driving the market demand.
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Market Summary The global Voice Biometrics Market is forecasted to be worth USD 4.90 Billion by 2027, according to a new report by Emergen Research. The market is witnessing high demand owing to the rise in advancement in software and hardware. Rapid urbanization and adoption of digital technology in industries like Telecommunications and IT, BFSI, Government, and Defense will drive the demand for the voice biometric. The proliferation of digital devices in everyday activities has created a need for advanced protection solutions. Some of the commonly used biometric technology are radio networks, mobile phones and landlines, virtual private networks, voice over IP networks, and microphones. www.emergenresearch.com
Market Summary • Some Key Highlights From the Report • LumenVox, in January 2020, launched an advanced suite of voice biometric authentication technologies, naming them Version 8. This technology implements AI and biometrics to authenticate customer-agent interaction. • The Access Control and Authentication dominated the market for voice biometrics. The high level of awareness among organizations regarding the confidentiality of their data and the need to protect from malware targeted cyber-attacks while using cloud computing services will drive the segment’s demand. • The cloud deployment type held the largest market share of 57.4% in the year 2019. The benefits provided by cloud-like data accessibility, quick implementation, lower cost, and 24x7 availability will foster the demand for voice biometrics. • Key participants include Verint, Nuance Communications, Pindrop, Acculab, NICE, Phonexia, Auraya, VoicePIN, LumenVox, and SESTEK, among others. • Request Free Sample Copy@ https://www.emergenresearch.com/request-sample/159 www.emergenresearch.com
Market Summary Emergen Research has segmented into the global Voice Biometrics Market on the basis of component, type, application, organization size, deployment type, industry vertical, and region: Component Outlook (Revenue, USD Billion; 2017-2027) Software Services Professional Services Training and Education Consulting Support and Maintenance Deployment and Integration Managed Services Type Outlook (Revenue, USD Billion; 2017-2027) Passive Voice Biometrics Active Voice Biometrics
Market Summary Application Outlook (Revenue, USD Billion; 2017-2027) Fraud Detection and Prevention Access Control and Authentication Forensic Voice Analysis and Criminal Investigation Other Organization Size Outlook (Revenue, USD Billion; 2017-2027) Large Enterprises Small and Medium-Sized Enterprises Deployment Type Outlook (Revenue, USD Billion; 2017-2027) Cloud On-Premises Industry Vertical Outlook (Revenue, USD Billion; 2017-2027) Retail and eCommerce Government and Defense Banking, Financial Services, and Insurance Telecommunications and IT Healthcare Others Read More@ https://www.emergenresearch.com/industry-report/voice-biometrics-market
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