1. technology and computing

Global Market for Face & Voice Biometrics Poised to Reach
US$ 24 Bn Value by 2025-End
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.
Key drivers for growth in adoption of face & voice biometrics include:
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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 denselypopulated 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.
Download Report Table of Content, Figures, and Tables @
http://www.persistencemarketresearch.com/market-research/face-voice-biometrics-market/toc
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.
A sample of this report is available upon request @
http://www.persistencemarketresearch.com/samples/5093
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.
Governments will be the largest end-users of face & voice biometrics in the world, while revenues
from military & defense and law enforcement agencies will register speedy growth at 19.6% CAGR
during the forecast period. The report has also profiled leading developers of face & voice biometric
solutions as key players in the global market, and they include 3M Cogent, Inc., Apple, Inc.., NEC
Corporation, ImageWare System, Inc., Cognitec Systems GmbH, Atos SE, Morpho (Safran),
Nuance Communications, Inc., FaceFirst, M2SYS Technologies.
Browse Complete Report @ http://www.persistencemarketresearch.com/market-research/facevoice-biometrics-market.asp
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