Voice Biometrics Market: Increasing Demand, Growth Analysis

The global voice biometrics market is expected to grow at a substantial CAGR of 21.4% during the forecast period. The increasing development of voice biometrics systems integrated with new and advanced technological methodologies such as deep learning and AI is the major factor boosting the growth of the market. Several major players such as Voxta, Verint Systems, LumenVox GmbH, and Nuance Communication, Inc. serving the market are also focusing on launching solutions embedded with new technologies. For example, in September 2021, Amazon Web Services (AWS) launched Amazon Connect Voice ID, a machine learning (ML)-based voice authentication feature for Amazon Connect. It is a user-friendly, cloud-based omnichannel contact center. The product was launched to improve customer service at an affordable price. Amazon Connect Voice ID provides both real-time caller authentication to give contact centers an additional layer of security to verify customer identity, as well as fraud risk detection to make contact center operations more secure.

To learn more about this report, request a free sample copy @ https://www.omrglobal.com/request-sample/voice-biometrics-market

Furthermore, Speechmatic, a UK-based deep learning and speech recognition technology company, launched an autonomous speech recognition (ASR) software in October 2021 that uses the latest deep learning techniques. The company has worked with major players like Apple, Amazon, Google, and Microsoft, among others. According to the company, it has reduced the speech recognition errors of these tech giants by around 45%. Moreover, Speechmatics recorded an accuracy of 91.8% compared to Google and Deepgram, which were estimated at around 83.4% and 82.3% respectively.

Global Voice Biometrics Market Report Segment

By components

• Solutions
• Services

By type

• Active voice biometrics
• Passive voice biometrics

By deployment mode

• Cloud
• On site

After application

• Authentication and customer verification
• Access control
• Fraud detection and prevention
• Forensic voice analysis and criminal investigation
• Other (human resources management, speech therapy, personalized user experience)

From end users

• BFSI
• Healthcare and Life Sciences
• Retail and e-commerce
• Government
• IT and telecommunications
• Other (travel and hospitality, logistics and transport, energy)

A complete report on the Voice Biometrics Market is available at https://www.omrglobal.com/industry-reports/voice-biometrics-market

Voice Biometrics Market Report – Segment by Regions

North America

• United States
• Canada

Europe

• Germany
• Great Britain
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

rest of the world

• Middle East and Africa
• Latin America

Company profiles

• Aculab
• AnyVision Interactive Technologies Ltd.
• AURAYA
• Aware, Inc.
• Element Matrix Services (Element)
• ForgeRock
• ID R&D
• Interactions LLC
• KAIZEN SECURE VOICE
• LexisNexis Risk Solutions
• LumenVox GmbH
• NICE Ltd.

Reasons to buy from us –

1. We cover more than 15 major industries, which in turn are segmented into over 90 sectors.
2. More than 120 countries are available for analysis.
3. Over 100 paid data sources were evaluated for the study.
4. Our experienced research analysts will answer all your questions before and after purchasing your report.

Further reports can be found at

https://www.linkedin.com/pulse/scaffold-technology-market-size-trends-latest-arti-vishwakarma-mlsof/

https://www.linkedin.com/pulse/aesthetic-threads-market-increasing-demand-growth-2031-vishwakarma-pyg5f

Media contact:

Contact: Mr. Anurag Tiwari
Email: [email protected]
Contact Number: +91 780-304-0404
Company name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting firm known for its clear and concise reports. The company has an experienced team of analysts and consultants. OMR offers high-quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers digital marketing services through its subsidiary OMR Digital and software development and consulting services through another subsidiary, Encanto Technologies.

This press release was published on openPR.