Voice Recognition Biometrics Market to Increase by $2.6 Billion

With increasing innovations and adoption across industries, the Voice ID biometrics market is forecast to grow by $2.6 billion in the next 4 years according to analyst firm Technavio. About 32% of the market's growth will originate from APAC during the period. The rise in adoption of biometric voice recognition in the healthcare sector is one of the major factors that will have a positive impact on the growth of this market in the coming years. The rising usage of smartphones and personal digital assistants in the healthcare sector has led to apps for electronic prescriptions, diagnosis and treatment, coding and billing. To prevent unauthorized access to confidential data, these apps could be integrated with voice biometrics leading to greater adoption of voice ID biometrics in the coming years.