The Voice Biometrics market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Voice Biometrics.
Voice biometrics is utilized for voice recognition through analysis of an individuals pitch, speech, voice and tone. In terms of security, it has a great advantage over passwords, as a password can be easily tracked or hacked; voice of an individual is as distinctive and unique as a fingerprint.
A voice is recognized in two patterns, namely text-dependent and text-independent. Gaining popularity among various sectors such as the entertainment industry, cloud computing, social networking, and building security is one of the major factors responsible to drive the growth of the voice biometrics market. Furthermore, huge demand for high-level security in the financial sector and increasing public awareness are also expected to provide growth to the market. A major factor restricting the growth of the market are issues related to privacy and high cost.
Report Sample includes:
- Table of Contents
- List of Tables & Figures
- Research Methodology
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This report presents the worldwide Voice Biometrics market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
- American Safety Council
- Nuance Communications
Voice Biometrics Breakdown Data by Type
Voice Biometrics Breakdown Data by Application
- Banking and Financial Service
- Government Agency
- Healthcare Industry
- Mobile devices
Voice Biometrics Production by Region
- United States
- South Korea
- Other Regions
Voice Biometrics Consumption by Region
- North America
- United States
- South Korea
- Rest of Europe
- Central & South America
- Rest of South America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
Reasons to Purchase this Report:
- Estimates 2019-2025 Voice Biometrics market development trends with the recent trends and SWOT analysis.
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value (USD Million) and volume (Units Million) data for each segment and sub-segment.
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years.
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players.
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