Voice Biometrics Market worth $3.9 billion by 2026, growing at a CAGR of 22.8%: Report by Marketsand

The global Voice Biometrics Market size to grow from USD 1.1 billion in 2020 to USD 3.9 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 22.8% during the forecast period, according to a new report by MarketsandMarkets™. Factors such as the increasing demand for robust fraud detection and prevention systems across the Banking, Financial Services, and Insurance (BFSI) industry and the need for reducing authentication and identification costs are driving the adoption of voice biometrics solutions across the world. Fraudulent activities have increased alarmingly with the advent of digitalization across the banking industry.

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