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Global Voice Biometrics Market Size, Shares, Growth, Segments, Industry Analysis & Outlook 2020-2026
[February 08, 2021]

Global Voice Biometrics Market Size, Shares, Growth, Segments, Industry Analysis & Outlook 2020-2026

The Infinium Global Research analyzes the Voice Biometrics Market over the period of 2020 to 2026. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global voice biometrics market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of voice biometrics. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the voice biometrics market during the period. the global voice biometrics market is projected to grow at a CAGR of 22.3% over the forecast period of 2020-2026.

"We are Now Including the Impact Analysis of the COVID-19 on this Premium Report and the Forecast Period of this Report shall be Revised to 2020-2026." The Section on the Impact of COVID-19 on this Market is Included in the Report for Free. To Know More Request Sample of this Report: Input Device That is Already Built into Smartphones, Which Approximately 45 Percent of The Global Population, Already Use Worldwide Voice biometrics is gaining traction within the financial services industry. A password alone is no longer sufficient for protecting business-critical assets and applications. Instead, voiceprint technology recognizes the voice patterns of each individual and accesses them securely. The Financial services industries are moving away from using passwords for account access and going toward secure voice biometric authentication that is fast, convenient, secure, and cost-effective. Voice biometrics only requires a microphone as an input device that is already built into smartphones, which approximately 45 percent of the global population, already use worldwide. Furthermore, this technology can also be used as part of two-factor or multi-factor (MFA) authentication, which leverages an identity verification process using multiple identifiers for authentication. It includes challenge-response questions or one-time passcodes through SMS/text messages. Hence many financial services organizations are starting to adopt this technology. However, the privacy issue associated with advanced voice biometric technology is affecting the growth of the market. Moreover, technological advancement provides a significant growth opportunity for the voice biometric market.

Enquire Here Get Customization & Check Discount for Report @ Voice Biometric Market Owing to The Growing Use of Smartphones and Machine Learning Technologies North America dominates the voice biometric market owing to the growing use of Smartphones and machine learning technologies. Furthermore, Banking, financial, and telecom service providers are adopting voice biometrics solutions and services. This contributing to the growth of the market in the North American region. Additionally, the growing demand for voice biometric from government organizations and consumers is also driving the growth of the market. The United States Social Security Administration uses voice authentication to allow employers to report W-2 wages online. It is used in combination with a pin number, the voice authentication provides system security and user convenience.

Voice Biometrics Market: Segmentation The report on global voice biometrics market covers segments such as application, type, deployment model, and industry vertical. On the basis of application, the sub-markets include access control and authentication, fraud detection and prevention, and forensic voice analysis and criminal investigation. On the basis of type, the sub-markets include active voice biometrics, and passive voice biometrics. On the basis of deployment model, the sub-markets include cloud based, and on premise. On the basis of industry vertical, the sub-markets include banking, financial services, insurance, retail and ecommerce, telecommunications and IT, defense, healthcare, and others.

Voice Biometrics Market: Competitive Landscape The report provides profiles of the companies in the market such as Nuance Communications, NICE Ltd., Verint Systems, Phonexia S.R.O., Voice Biometrics Group, LexisNexis Risk Solutions, Pindrop Security, Aculab, Auraya, and AimBrain.

Browse Complete Report@ Reasons to Buy this Report: => Comprehensive analysis of global as well as regional markets of the voice biometrics.

=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2026.

=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.

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