Press release
Face Voice Biometrics Market Poised to Expand at 14.1% CAGR During 2017-2025
Request to View Sample of Research Report @ https://www.persistencemarketresearch.com/samples/5093
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:
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.
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.
To view TOC of this report is available upon request @ https://www.persistencemarketresearch.com/methodology/5093
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Face Voice Biometrics Market Poised to Expand at 14.1% CAGR During 2017-2025 here
News-ID: 1372109 • Views: …
More Releases from Persistence Market Research (PMR)
Virtual Desktop Infrastructure Market Unit Sales to Witness heightened Growth in …
As per findings of a new market research report by Persistence Market Research, the global virtual desktop infrastructure market reached a valuation of nearly US$ 3.5 Bn in 2019, and is anticipated to exhibit a CAGR of around 12% during the forecast period of 2020 to 2030.The adoption of BYOD allows employees to bring their own devices in the organization, which allows then to access company information and applications via virtual desktop infrastructure. With such a BYOD policy, both, employers…
Physician Scheduling Systems Market to Generate Profitable Avenues for Existing …
As per findings of a new market research report by Persistence Market Research, the global physician scheduling system market reached US$ 311 Mn in 2019 and is anticipated to exhibit a healthy CAGR of 14% during the forecast period of 2020 to 2030. Adoption of physician scheduling systems is increasing across the world, as physicians encounter difficulties with increasing administrative tasks and regulations, which affects their ability to offer patient care, and they struggle to sustain their practices. To combat administrative work…
Demand for Rfid Electronic Toll Collection System Market from Major End-use Sect …
Many toll collection systems have already been developed with RFID technology, which is used to verify the identity of vehicles. RFID technology can provide new capabilities as well as an efficient method to manage, analyze, and collect information of vehicles at toll plazas. RFID electronic toll collection lanes reduce the traffic at toll booths. Increasing number of RFID lane systems, resulting in increased demand for integration, support services, and maintenance,…
Smart Home Cloud Platform Market Unit Sales to Witness heightened Growth in the …
In a smart home, appliances such as ACs, TVs, geysers, and lights have the potential to communicate with a cloud server. The cloud server communicates with these smart devices by sending and receiving signals through smartphones, laptops, or voice-enabled digital assistant devices.A homeowner can make his/her existing home smart by integrating cloud-based technology with it. Cloud computing enables homeowners to remotely access their home appliances, even if they are miles…
More Releases for Face
Swap Face Video: The Future of Multi Face Swap Technology
In recent years, face-swapping technology has gained popularity, transforming the way people create videos and images. With advancements in artificial intelligence, users can now swap faces in videos with high accuracy and realism. The rise of multi face swap tools has made it easier to modify multiple faces in a single clip, revolutionizing content creation for entertainment, marketing, and social media.
What is Swap Face Video?
A https://www.vidwud.com/free-face-swap.html is a digitally altered…
Mango AI's Video Face Swapper Ensures Effortless Face Switching
AI face-swapping technology has emerged recently, enabling users to produce interesting, personalized videos for various purposes, such as marketing, education, and social media. Mango AI, a versatile AI video generator developed by Mango Animate, provides an AI-driven video face swapper (https://mangoanimate.com/ai/video-face-swap) that ensures smooth, accurate face replacements in videos. It meets the demand of all users with its advanced facial recognition and face-switching technology, making video creation easier.
This online video…
Graceful Aging with Face Yoga Insights from Face Yoga Method
The Face Yoga Method coaches confidently dispel the mystery of aging and demonstrate how Face Yoga can foster it. Ageless Week is launched to help individuals rediscover their confidence through Face Yoga.
Image: https://www.getnews.info/uploads/4022aec2abf67b7d9b13355bf1365917.jpg
The Face Yoga Method [https://faceyogamethod.com/], renowned for its innovative holistic approach to natural beauty and self-care, is thrilled to unveil Ageless Week, an empowering initiative designed to help individuals confidently embrace aging. Through expert-led sessions, the Face Yoga…
Face Swap Software Market Size in 2023 To 2029 | B612, Face Swap Booth, Face Swa …
The Face Swap Software research report covers market analysis and segmentation in terms of markets, geographic scope, years considered for the study, currency, pricing, research methodology, primary interviews with key opinion leaders, Face Swap Software market position grid, market challenge matrix, secondary sources, and assumptions. This reliable report plays a very major role in achieving high business growth and success in this competitive marketplace for this industry.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞…
87% Businesses still want face-to-face training
New survey* reveals how COVID-19 has changed business’ training priorities
Whilst 79% of businesses report their staff training has impacted by coronavirus, the pandemic hasn’t changed things as much as you might think.
We surveyed more than 100 businesses to find out what impact the lockdown had had on health and safety training. Read the results below.
Did COVID halt training completely?
It appears not. Although 79% said COVID-19 had interrupted their training…
First-Ever Face-to-Face Speed Dating
For Immediate Release Contact: Tom Andrews, 415/507-9962
FIRST-EVER MASKED FACE-TO-FACE SPEED DATING
Single Professionals of all ages are invited to emerge from their homes and meet new single…
