Face Voice Biometrics Market 2021-2025
New Study Reports ” Face Voice Biometrics Market 2021 Global Opportunities, Challenges, Strategies and Forecasts 2025″ has been Added on PersistenceMarketResearch.
Report Details:
This report provides in depth study of “Face Voice Biometrics Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Face Voice Biometrics Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
Drivers and Constraints
The fundamental dynamics that are explored in the report hold substantial influence over the Face Voice Biometrics market. The report further studies on the value, volume trends, and the pricing history of the market. In addition to it, various growth factors, restraints, and opportunities are also analyzed for the market to study the in-depth understanding of the market.
This report also analyzes the impact of Coronavirus COVID-19 on the Face Voice Biometrics industry.
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.
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 (2017-2025),” cites that by the end of 2025, the global face & voice biometrics market will have surged at a stellar 18.1% CAGR.
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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.
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.
The report also forecasts that revenue from sales of face biometric solutions in the global market will witness a rise from US$ 4.6 Bn in 2017 to an estimated US$ 17.7 Bn by 2025-end. Meanwhile, biometric solutions developed on voice recognition technologies are projected to create incremental opportunity of US$ 4.5 Bn between 2017 and 2025. The report also reveals higher demand for conventional type of face & voice biometrics, as opposed to mobile.
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 Arabia, 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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Major Highlights of the Face Voice Biometrics Market Report:
- The Face Voice Biometrics Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
- The report dives deeper into the market and explains the dynamic factors bolstering market growth.
- The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
- The report analyzes the Face Voice Biometrics Market presence across major regions of the world.
- It determines the production & consumption capacities and demand & supply dynamics of each regional market.
- The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
- It provides company overview and SWOT analysis of each of the market players.
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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