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. Market Size – USD 972.4 Million in 2019, Market Growth – CAGR of 23.6%, Market trends – Growing demand from BFSI and Healthcare sectors.

The Global Voice Biometrics Market size was valued at USD 972.4 million in 2019 and is anticipated to reach USD 4.90 Billion by 2027 at a CAGR of 23.6%. The market for Voice Biometrics is gaining traction due to the rising need for a robust and safer method for operating across several end users. The proliferation of smartphones, tablets, and other devices for financial activities, has made data theft easier, and a growing need to protect personal information is driving the demand for the voice biometric technology.

The latest report on the Voice Biometrics Market offers detailed information about the industry based on the total revenue generated for the forecast period, 2020 – 2027. The comprehensive study performs an in-depth analysis of the Voice Biometrics Market and lays immense emphasis on the major driving forces and restraints expected to govern the overall business for the forecast period, 2020 – 2027. Most importantly, researchers assessing the business environment take a closer look at the past and present trends as well as the future prospect to offer business owners, stakeholders and field marketing executives an intellectual understanding of the winning strategies.

Read more@ https://www.emergenresearch.com/industry-report/voice-biometrics-market

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 24×7 availability will foster the demand for voice biometrics.

Large Enterprises are rapidly adopting biometric voice technology as they recognize the importance of technology. Several BFSI giants have started to deploy in their security infrastructure as they deem it necessary.

The Government sector is witnessing a significant demand for voice biometrics as most of the government are modernizing their facilities, which is creating a demand for the market. Moreover, the government uses biometric to maintain confidentiality in matters of internal affairs.

North America held the largest market share of voice biometrics. The region is prone to several sophisticated cyber-attacks owing to the presence of influential financial sectors, tech companies, and the profitable telecommunication industry. There is a high demand for efficient technology for the protection of their data and financial information.

Key participants include Verint, Nuance Communications, Pindrop, Acculab, NICE, Phonexia, Auraya, VoicePIN, LumenVox, and SESTEK, among others.

You Can Download Free Sample PDF Copy of Voice Biometrics Market at https://www.emergenresearch.com/request-sample/159

Segments Covered in the report

Component Outlook (Revenue, USD Billion; 2017-2027)



Professional Services

Training and Education


Support and Maintenance

Deployment and Integration

Managed Services

Type Outlook (Revenue, USD Billion; 2017-2027)

Passive Voice Biometrics

Active Voice Biometrics

Application Outlook (Revenue, USD Billion; 2017-2027)

Fraud Detection and Prevention

Access Control and Authentication

Forensic Voice Analysis and Criminal Investigation


Organization Size Outlook (Revenue, USD Billion; 2017-2027)

Large Enterprises

Small and Medium-Sized Enterprises

Deployment Type Outlook (Revenue, USD Billion; 2017-2027)



Industry Vertical Outlook (Revenue, USD Billion; 2017-2027)

Retail and eCommerce

Government and Defense

Banking, Financial Services, and Insurance

Telecommunications and IT



Regional Outlook (Revenue, USD Billion; 2017-2027)

North America


Asia Pacific

Rest of LATAM


Table of Content

Chapter 1. Methodology & Sources

    1.1. Market Definition

    1.2. Research Scope

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2019-2027

Chapter 3. Key Insights

Chapter 4. Voice Biometrics Market Segmentation & Impact Analysis

    4.1. Voice Biometrics Market Material Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. Market indicators analysis

 Chapter 5. Voice Biometrics Market By Component Insights & Trends Revenue (USD Million)

Chapter 6. Voice Biometrics Market By Type Insights & Trends Revenue (USD Million)

Chapter 7. Voice Biometrics Market By Application Insights & Trends Revenue (USD Million)

Chapter 8. Voice Biometrics Market By Organization Size Insights & Trends Revenue (USD Million)

Chapter 9. Voice Biometrics Market By Deployment Type Insights & Trends Revenue (USD Million)

Chapter 10. Voice Biometrics Market By Industry Vertical Insights & Trends Revenue (USD Million)

Chapter 11. Voice Biometrics Market Regional Outlook

Chapter 12. Competitive Landscape

Chapter 13. Company Profiles

Key questions answered by the report

At what rate will the Mobile Satellite Services Market grow?

What will be the value of the market in 2027?

What are the key technologies driving the Mobile Satellite Services Market?

What would be the impact of the Mobile Satellite Services Market across different regions?

What are the strategies adopted by players to enter the APAC region?

What is the key application of Mobile Satellite Services in different sectors?

What are future growth strategies in the market?

About Us:

At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

Contact Us:

Eric Lee

Corporate Sales Specialist

Emergen Research | Web: www.emergenresearch.com

Direct Line: +1 (604) 757-9756

E-mail: [email protected]

Facebook | LinkedIn | Twitter | Blogs