Growth Opportunity Assessment of Face and Voice Biometrics Market 2018 to 2025
Facial and voice biometrics technology recognize person without any physical contact with the help of system. This is done by comparing the captured image or voice of the person with previously stored data in the system of the same person. For this purpose, voice recorders and cameras are used. Biometrics technology helps to recognize and validate the identity of an individual through behavioral or physiological uniqueness. Conformist verification method includes personal identification cards, magnetic cards, keys, and passwords. This method is not so safe and can be stolen without taking much effort. Face and voice biometrics technology recognizes individual by analyzing signature, DNA, typing rhythm, iris, fingerprints, and so on. This technology is largely used in big organizations and conservative commercial, information security domain, and in customer interactive applications.
Growth in the face and voice biometrics market is owing to rising threat to security. Recently, threats related to security, such as physical attacks, campus violence, terroristic acts, riots, racial & ethnic unrests, random shoot-ups and burglary, are increasing. The demand of the face and voice biometrics market is increasing owing to the internet-based business such as online banking and others. Factors such as biometrics in smartphones, E-Passport Program, criminal identification, and others are anticipated to drive the global market. In addition, government support, increased use in the banking & healthcare, election administration, and supervision at public meetings will also boost the growth of the face and voice biometrics market in future. Considerable growth of biometrics technology in cloud computing space and e-commerce provide ample opportunities for face and voice biometrics market. Conversely, the high cost of systems and privacy interruption & maintenance threat of data restrain the market growth.
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On the basis of end-user, the face and voice biometrics market are segmented into consumer electronics, healthcare, transport and logistics, government, banking and financial firms, commercial safety and security, and others. The others segment further sub-segmented as home security and safety visa authentication services, defense, hospitality, retail, automobile, and gaming. Geographically, the global face and voice biometrics market are segmented as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The United States is one of the leading markets for the face and voice biometrics market. Asia Pacific represents a significant growth in the market, especially in emerging economies such as China, Japan, and India.
Some of the key players in the face and voice biometrics market are IrisGuard Inc., BIO-Key International Inc., 3M Cogent Inc., Cognitec Systems GmbH, IDTECK, DigitalPersona Inc., and Fujitsu Limited. Others key competitors are Suprema Inc., Accu-Time Systems Inc., NEC Corporation, Daon Inc., Lumidigm Inc., Morpho SA, RCG Holdings Ltd., and Siemens AG.
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Face and Voice Biometrics Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa