Overview of the Growing Voice Biometrics Market: Trends and Projections by 2032
The voice biometrics market, valued at USD 1.85 billion in 2023, is projected to reach USD 15.69 billion by 2032, growing at a CAGR of 27.1%. This growth is fueled by the rising demand for secure authentication in various sectors, particularly BFSI. However, challenges such as high costs and emerging fraud techniques like deepfakes threaten…