Press release
The Face Voice Biometrics Market To Ride On The Curve Of Innovation
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.
You can request sample here@ 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.
Get Methodology Report here@ https://www.persistencemarketresearch.com/methodology/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.
You can purchase this report here@ https://www.persistencemarketresearch.com/checkout/5093
Contact Us:
Persistence Market Research
Address - 305 Broadway, 7th Floor New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
About us:
Persistence Market Research, as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.
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 The Face Voice Biometrics Market To Ride On The Curve Of Innovation here
News-ID: 2665707 • Views: …
More Releases from Persistence Market Research
Stadium Lighting Market Soars as LED Replaces Metal Halide with Longer Lifespan …
The stadium lighting market is witnessing unprecedented growth, fueled by the global shift from traditional metal halide lights to energy-efficient LED lighting systems. Metal halide lights, which have dominated stadiums for decades, typically last around 6,000 hours and require frequent replacement, leading to high maintenance costs. In contrast, modern LED stadium lights offer superior durability, water resistance, and shockproof features, with lifespans extending up to 100,000 hours. These advancements are…
Global POS Machines Market Outlook: US$ 18 Bn to US$ 49 Bn by 2033
The Point-of-Sale (POS) machines market has been experiencing significant growth over the past decade, driven by rapid technological advancements and the increasing adoption of digital payment solutions. As of 2022, the global POS machines market was valued at US$ 18,221.3 Million, and it is forecasted to reach US$ 49,365.2 Million by 2033. The market is anticipated to grow at a CAGR of 9.6% from 2023 to 2033, highlighting its robust…
How 3D Scanners Are Transforming Design, Manufacturing, and Entertainment
The 3D scanners market is witnessing remarkable growth as industries increasingly adopt advanced digital solutions for product design, quality control, and cultural documentation. A 3D scanner is defined as a device that analyzes real-world objects to collect data on their shape and appearance, enabling the creation of highly accurate digital models. These models are widely used across applications like movie and video game production, industrial design, prosthetics, reverse engineering, prototyping,…
Intermodal Transport Market Poised for Growth at a Robust CAGR Over the Next Dec …
Overview of the Market
The intermodal transport market is witnessing significant growth globally due to increasing demand for efficient, cost-effective, and environmentally sustainable logistics solutions. Intermodal transport, which involves the seamless integration of multiple transportation modes such as rail, road, and sea, ensures faster and safer movement of goods while reducing operational costs. The market's growth is being driven by the rising adoption of advanced technologies, such as automated gate systems…
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…
