The General Post

Voice Biometrics Market to Reach USD 2.53 billion in 2022, Growing at a CAGR of 23.48% | CAGR

wasimark

Market Insights

As per recent research by MarkNtel Advisors, The Global Voice Biometrics Market size was valued at around USD 2.53 billion in 2022 and is estimated to grow at a CAGR of about 23.48% during the forecast period, i.e., 2024-30.

Global Voice Biometrics Market Driver:

Rising Demand for Robust Fraud Detection System across BFSI Sector – The banking industry has witnessed a rapid surge in fraudulent activities, such as theft of sensitive data & illegal access to customer’s bank accounts, due to the digitalization of the sector. To address this critical issue, an additional layer of security is required within the financial authentication system, leading to the upscaled adoption of voice biometrics solutions to meet the specific needs of intelligently identifying users based on their unique voiceprints.

In addition, the BFSI industry has been expanding considerably over the past few years owing to several causes, including economic expansion of industrial sectors & growing demand for better access to financial services for both consumers & businesses. This expansion has resulted in the enhanced demand for better fraud detection services like voice biometrics, which augmented the market growth during 2019-22. Furthermore, the launch of digital banks has surged across countries like Germany, Brazil, Singapore, etc., due to regulatory support & the presence of supportive fin-tech ecosystems. For instance,

The surge in digital banks would accelerate the demand for voice biometrics as it would be required to strengthen the authentication for digital banking transactions.

Request Free Sample Report: https://www.marknteladvisors.com/query/request-sample/voice-biometrics-market.html

Market Segmentation and Consumer Behavior:

By Type

By Deployment

By Authentication Process

By Application

By Vertical

By Enterprise Size

Read Full Report: https://www.marknteladvisors.com/research-library/voice-biometrics-market.html

Voice Biometrics Market Geographical Analysis:

By Region:

Key Players and Competitive Strategies in the Voice Biometrics Market

Several prominent players dominate the Voice Biometrics Market, including:

Report Delivery – MarkNtel Advisors offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.

Questions Addressed in this Study

1.What factors are driving the Voice Biometrics Market growth?

2.How is the Voice Biometrics Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Voice Biometrics Market?

4.What is the current size of the Voice Biometrics Market, and how is it projected to change in the future?

5.What is the future outlook for the Voice Biometrics Market in terms of technological advancements and market expansion?

Request Customization – https://www.marknteladvisors.com/query/request-customization/voice-biometrics-market.html

Read More:

Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

For Media Inquiries, Please Contact:

Call: +1 628 895 8081 | +91 120 4278433

Email: sales@marknteladvisors.com

Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511

Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India

Exit mobile version