How big is the Voice Biometrics Market?

The Voice Biometrics Market size is expected to reach USD 2.25 billion in 2024 and grow at a CAGR of 16.75% to reach USD 4.88 billion by 2029. Read More

What is the current Voice Biometrics Market size?

In 2024, the Voice Biometrics Market size is expected to reach USD 2.25 billion. Read More

Who are the key players in Voice Biometrics Market?

Nuance Communications Inc., Verint Systems Inc, NICE Ltd., Voice Biometrics Group and Auraya Inc. are the major companies operating in the Voice Biometrics Market. Read More

Which is the fastest growing region in Voice Biometrics Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Voice Biometrics Market?

In 2024, the North America accounts for the largest market share in Voice Biometrics Market. Read More

What years does this Voice Biometrics Market cover, and what was the market size in 2023?

In 2023, the Voice Biometrics Market size was estimated at USD 1.93 billion. The report covers the Voice Biometrics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Voice Biometrics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Voice Biometrics Market - Size, Share & Industry Analysis

Voice Biometrics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Global Voice Recognition Biometrics Market Companies and it is Segmented by Type (Active Biometrics and Passive Biometrics), Deployment Model (On-Premises and Cloud), Enterprise Size (Small and Medium Enterprises and Large Enterprises), Industry Vertical (Banking, Financial Services and Insurance, Retail and E-commerce, Telecommunications and IT, and Government and Defense), and Geography.

Voice Biometrics Industry Overview

The voice biometrics market remains highly competitive, with several emerging players getting into the biometric ecosystem. The market has witnessed a few mergers and acquisitions in the recent past. With the inflow of massive amounts of funds into the startups operating in this space, the launch of several new products is expected in the years ahead. Some of the recent developments are as follows:-

September 2021 - Skit, formerly known as Vernacular.ai, secured USD 23 million as part of its Series B funding, led by WestBridge Capital with participation from Exfinity Ventures and Kalaari Capital, Letsventure syndicate led by Sense AI, and Angelist syndicate led by Aaryaman Vir Shah from Prophetic Ventures.
August 2021 - Lumen Vox launched the next-generation automatic speech recognition (ASR) engine with transcription. The new automatic speech recognition engine, built on artificial intelligence (AI) and deep machine learning (ML), outpaces its competition in delivering the most accurate speech-enabled customer experiences.
July 2021 - Thales announced a new voice biometric solution, part of Thales' Digital Identity Service Platform for onboarding and authentication. The new solution integrates effortlessly with existing call center enrolment processes.
June 2021 - Aculab announced that its voice biometrics technology, VoiSentry, can be deployed to those with physical and speech impairments. VoiSentry calculates voice biometrics based on general characteristics of the sound of the voice rather than specific words. Hence, it enables the user to positively affirm IVR choices and complete identification and verification checks using their voice.