Face Voice Biometrics Market 2022
Global Market for Face & Voice Biometrics Poised to Reach US$ 24 Bn Value by 2027-End, the global face & voice biometrics market will have surged at a stellar 18.1% CAGR.
Semiconductor industry is looking for alternatives to silicon like nanomaterials and graphene to render higher performance coupled with efficiency. Plus, designing circuits through microbial components or manufacturing devices with recyclable and biodegradable electronics devices does facilitate the manufacturers to make use of fewer and safer raw materials. The ABC market is likely to witness this constructive turbulence in the upcoming period. The global Face Voice Biometrics Market is bound to grow on a secure note in the upcoming period. With the ICT vertical being subject to maximum innovations, cybersecurity would be something to ponder about. As such, the ICT vertical would be inclined more towards being safe, the other verticals would be partnering with the innovations doled out by the same vertical in the forecast period.
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Factors as such will continue to promote the use of face & voice biometrics across the globe. In 2016, over US$ 4.5 Bn worth of face & voice biometric solutions were sold in the world. Persistence Market Research’s latest report, titled “Face & Voice Biometric Market: Global Industry Analysis (2012-2016) and Forecast (2017-2027),” cites that by the end of 2027.
Increasing adoption of technology in homeland security continues to promote the need for face & voice biometrics at necessary checkpoints. Restricted access might be displeasing for investigations, but entry to only authorized personnel continues to be a great advantage for securing everything – from wealth to wisdom. Installing face & voice biometrics in corporate settings has been a common practice since its inception. Going forward, government offices and public places will also be equipped with face & voice biometrics, making them the most sought-after tech solution for controlling a secured access to facilities. Persistence Market Research concurs that by the end of 2025, the global market for face & voice biometrics will have reached a value of US$ 24 Bn.
Key Players:
The report has profiled some of the Important players prevalent in the global like – 3M Cogent, Inc., Apple, Inc.., NEC Corporation, ImageWare System, Inc., Cognitec Systems GmbH, Atos SE, Morpho (Safran), Nuance Communications, Inc., FaceFirst, M2SYS Technologies and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Face Voice Biometrics.
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Key drivers for growth in adoption of face & voice biometrics include:
- Implementation of biometrics in banking & payments: In Europe, banking organizations have made facial biometrics mandatory for customers accessing databases and other digital platforms. While banking employees continue to use face or voice biometrics for work, now, customers are also expected to log into their accounts via such solutions.
- Integrating voice biometrics with customer service management applications: A voice biometric solution that facilitates the customers to reset their account password at any point of time (quickly & securely over any telephone) is gaining traction in North America as employees can have historical knowledge of each customer, thereby leading to intelligent interactions.
- Implementation of biometrics in public administration: In densely-populated regions such as Asia-Pacific, face biometric solutions equipped with surveillance cameras, facial recognition software can improve public administration on light rails, buses, trains, docks and other public transit utilities. Face biometrics can assist authorities in monitoring train capacity, attending to medical emergencies and undertaking law enforcement vigilance such as capturing fare evaders or wanted criminals.
According to the report analysis, North America’s face and voice biometric market is expected to witness highest growth over the forecast period. Along with Asia-Pacific, North America’s face & voice biometric revenues are expected to account for over 66% of the global market revenues by 2017-end. Europe, on the other hand, is expected to witness moderate growth in its face & voice biometric market, which will be primarily backed by steady demand for face and voice biometrics in government offices, law enforcement facilities, and military & defense sector.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Face Voice Biometrics Market Manufacturers
Face Voice Biometrics Market Distributors/Traders/Wholesalers
Face Voice Biometrics Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Face Voice Biometrics Market – Report Highlights
- A detailed overview of parent market of Face Voice Biometrics market
- Changing Face Voice Biometrics market dynamics in the industry
- In-depth segmentation of the Face Voice Biometrics market
- Historical, current, and projected Face Voice Biometrics market size regarding volume and value
- Recent industry trends and developments in Face Voice Biometrics market
- Competitive landscape of the Face Voice Biometrics market
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on Face Voice Biometrics market performance
- Must-have information for Face Voice Biometrics market players to sustain and enhance their market footprint
Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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