The Latin America, Middle East and Africa Voice Biometrics Market is expected to witness market growth of 20.4% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Voice Biometrics Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $185.8 million by 2031. The Argentina market is registering a CAGR of 22% during 2024-2031. Additionally, the UAE market is expected to showcase a CAGR of 19.4% during 2024-2031.
With the rise of smart devices and digital assistants like Amazon Alexa, Apple Siri, and Google Assistant, voice biometrics is critical in personalizing user experiences. These systems rely on voice recognition to authenticate users and tailor responses based on individual preferences. Digital assistants use voiceprints to personalize responses and actions based on the user’s voice. Also, voice biometrics enables secure control over devices, preventing unauthorized access by differentiating users based on their voice.
Additionally, the adoption of voice biometrics is rapidly growing as organizations recognize its value in security, user experience, and operational efficiency. As cyber threats evolve and the risk of data breaches increases, businesses across sectors are seeking more secure authentication methods.
The growth of the fintech sector in the UAE and the expansion of the retail sector in Brazil have both contributed significantly to the development of various technological markets, including the voice biometrics market. Despite their geographical differences, the adoption of cutting-edge technologies to increase security, user experience, and operational efficiency unites these two industries.
The Brazil market dominated the LAMEA Voice Biometrics Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $185.8 million by 2031. The Argentina market is registering a CAGR of 22% during 2024-2031. Additionally, the UAE market is expected to showcase a CAGR of 19.4% during 2024-2031.
With the rise of smart devices and digital assistants like Amazon Alexa, Apple Siri, and Google Assistant, voice biometrics is critical in personalizing user experiences. These systems rely on voice recognition to authenticate users and tailor responses based on individual preferences. Digital assistants use voiceprints to personalize responses and actions based on the user’s voice. Also, voice biometrics enables secure control over devices, preventing unauthorized access by differentiating users based on their voice.
Additionally, the adoption of voice biometrics is rapidly growing as organizations recognize its value in security, user experience, and operational efficiency. As cyber threats evolve and the risk of data breaches increases, businesses across sectors are seeking more secure authentication methods.
The growth of the fintech sector in the UAE and the expansion of the retail sector in Brazil have both contributed significantly to the development of various technological markets, including the voice biometrics market. Despite their geographical differences, the adoption of cutting-edge technologies to increase security, user experience, and operational efficiency unites these two industries.
List of Key Companies Profiled
- Nuance Communications, Inc. (Microsoft Corporation)
- Verint Systems, Inc.
- NICE Ltd.
- Fortra, LLC (HGGC)
- Aware, Inc.
- BioCatch Ltd.
- RELX PLC (LexisNexis Risk Solutions, Inc.)
- Pindrop Security
- Phonexia
- VoicePin.com
Market Report Segmentation
By Type- Active Biometrics
- Passive Biometrics
- Solutions
- Services
- Cloud
- On-premise
- Access Control and Authentication
- Fraud Detection & Prevention
- Forensic Voice Analysis and Criminal Investigation
- Large Enterprises
- Small & Medium Enterprises (SMEs)
- BFSI
- Healthcare & Life Sciences
- Retail & E-commerce
- Telecom & IT
- Government & Defense
- Other End User
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. LAMEA Voice Biometrics Market by Type
Chapter 6. LAMEA Voice Biometrics Market by Component
Chapter 7. LAMEA Voice Biometrics Market by Deployment Model
Chapter 8. LAMEA Voice Biometrics Market by Application
Chapter 9. LAMEA Voice Biometrics Market by Enterprise Size
Chapter 10. LAMEA Voice Biometrics Market by End User
Chapter 11. LAMEA Voice Biometrics Market by Country
Chapter 12. Company Profiles
Companies Mentioned
- Nuance Communications, Inc. (Microsoft Corporation)
- Verint Systems, Inc.
- NICE Ltd.
- Fortra, LLC (HGGC)
- Aware, Inc.
- BioCatch Ltd.
- RELX PLC (LexisNexis Risk Solutions, Inc.)
- Pindrop Security
- Phonexia
- VoicePin.com
Methodology
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