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Face & Voice Biometrics Market : Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports
Face & Voice Biometrics Market 2029The global Face and Voice Biometrics market was valued at US$ 5897.8 million in 2022 and is anticipated to reach US$ 10760 million by 2029, witnessing a CAGR of 10.5% during the forecast period 2023-2029. Key drivers of the market include the growing adoption of voice and face biometric systems in the BFSI sector for effective fraud detection and taking corrective measures. It leads to lower identification and authentication costs. The widespread application in government agencies, healthcare, and other industries for improved customer satisfaction, shorter handling time, and increased ROI will propel the growth of the face and voice biometrics market during the review period. Moreover, the option of providing choice, flexibility, touchless authentication, and gradual technological advancements will boost the market growth in the upcoming years.
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Face & Voice Biometrics Market Share Analysis
Based on application, the BFSI sector is expected to dominate in the face and voice biometrics market share during the forecast period.
Based on region, North America will provide huge scope for growth in the face and voice biometrics market share with the US as the most lucrative market. On the other hand, Canada will grow at the highest CAGR of 13% in the upcoming years.
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Face & Voice Biometrics Market Segmentation
Face & Voice Biometrics Market By Type
• Face Biometrics
• Voice Biometrics
Face & Voice Biometrics Market By Application
• Banking, Financial Services & Insurance (BFSI)
• Government & Law Enforcement
• Military & Defense
• Healthcare
• Commercial
• IT & Telecom
• Others
Face & Voice Biometrics Market By Company
• 3M Cogent (USA)
• NEC Corporation of America (USA)
• AcSys Biometrics Corp. (Canada)
• AGNITiO S.L. (Spain)
• Cognitec Systems GmbH (Germany)
• Nuance Communications(USA)
• Eurotech S.P.A (Italy)
• Ivrnet Inc. (Canada)
• Kimaldi Electronics, S.L. (Spain)
• National Security Resources (USA)
• Neurotechnology (Lithuania)
• PSP Security Co. Ltd (Hong Kong)
• SAFRAN Group (France)
• Sensible Vision (USA)
• Sensory(USA)
• Suprema(Korea)
• VoiceTrust eServices(Canada)
• VoiceVault(USA)
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