Market Overview:
The global face and voice biometrics market is expected to grow at a CAGR of over 16% during the forecast period from 2018 to 2030. The increasing demand for security and safety measures across different industries is one of the primary factors driving the growth of this market. Additionally, the rising adoption of cloud-based solutions and big data analytics is also propelling the growth of this market. However, concerns related to data privacy and security are restraining its growth to some extent. On the basis of type, face biometrics held a larger share in 2017 and it is expected to maintain its dominance during the forecast period as well. This can be attributed to its growing popularity among various end users owing to its ease-of-use and accuracy levels. However, voice biometrics is projected to witness higher CAGR during 2018–2030 due its advantages such as tamper resistance, convenience & scalability, etc.
Product Definition:
Face and voice biometrics are the use of facial recognition and voice recognition software to identify individuals. These technologies can be used for security purposes, such as unlocking a phone or computer with a fingerprint scan, or for verifying identity, such as when logging into a bank account. Face and voice biometrics are important because they are unique identifiers that cannot be easily faked or stolen like passwords can be. They provide an extra layer of security for individuals and organizations.
Face Biometrics:
Face biometrics is a new emerging trend in the field of security authentication. It uses facial features to verify the identity of individuals. The primary factor driving this technology is growing need for safety and security purposes across various sectors such as banking, government, military & defense, healthcare and IT services among others. Face biometrics also has significant potential in mobile payments industry which enables banks to validate customers’ identity before allowing them to make transactions using their bank cards or smartphones.
Voice Biometrics:
Voice biometrics is a technology that uses the voice as a means of authentication and identification. It helps in providing security to an application or system by identifying whether the user is authentic or not. The voice biometrics market has been growing at a significant pace, owing to its increasing demand across various applications such as healthcare, banking & finance, telecom sector among others.
Application Insights:
The banking, financial services and insurance (BFSI) segment dominated the market in 2017. The growing adoption of biometrics authentication solutions for identity proofing is one of the key factors driving this growth. The face and voice-based authentication solutions help in eliminating manual processes that are currently followed by banks to verify customers' identity. This helps in reducing counter frauds and increasing operational efficiency across organizations.
The government & law enforcement application segment is expected to witness significant growth over the forecast period owing to various regulations being imposed on businesses across all sectors by governments around the world for ensuring safety at workplaces, online transactions, data protection as well as preventing or deterring crime against humanity including human trafficking, slavery etcetera.
Regional Analysis:
The North American regional market dominated the face and voice biometrics market in 2016. The growth can be attributed to the presence of a large number of prominent service providers, such as FaceFirst, Inc.; RecogniFaces; and Veooh Biometric Solutions Ltd., in this region. These companies are focusing on expanding their operations across North America by acquiring new companies or partnerships. For instance, in May 2017, FaceFirst Corporation announced its partnership with CIVCO Paymentech Inc., to provide face-based payment technology for merchants throughout the U.S.
Asia Pacific is expected to emerge as one of the fastest-growing regions over the forecast period owing to increasing government initiatives pertaining to security infrastructure at country levels coupled with growing adoption at a domestic level within various countries including China and India among others).
Growth Factors:
- Increasing demand for convenience and security in consumer electronics
- The increasing demand from the BFSI sector for authentication and fraud prevention
- Proliferation of connected devices and the Internet of Things (IoT)
- Growing need for biometric solutions in healthcare and government sectors
- Rising awareness about the benefits of biometric technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Face and Voice Biometrics Market Research Report
By Type
Face Biometrics, Voice Biometrics
By Application
Banking, Financial Services & Insurance (BFSI), Government & Law Enforcement, Military & Defense, Healthcare, Commercial, IT & Telecom, Others
By Companies
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)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
147
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Face and Voice Biometrics Market Report Segments:
The global Face and Voice Biometrics market is segmented on the basis of:
Types
Face Biometrics, Voice Biometrics
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Banking, Financial Services & Insurance (BFSI), Government & Law Enforcement, Military & Defense, Healthcare, Commercial, IT & Telecom, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- 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)
Highlights of The Face and Voice Biometrics Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Face Biometrics
- Voice Biometrics
- By Application:
- Banking, Financial Services & Insurance (BFSI)
- Government & Law Enforcement
- Military & Defense
- Healthcare
- Commercial
- IT & Telecom
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Face and Voice Biometrics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Face and voice biometrics are technologies that use facial features or vocal patterns to uniquely identify a person.
Some of the major companies in the face and voice biometrics market are 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).
The face and voice biometrics market is expected to register a CAGR of 16%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Face and Voice Biometrics Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Face and Voice Biometrics Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Face and Voice Biometrics Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Face and Voice Biometrics Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Face and Voice Biometrics Market Size & Forecast, 2018-2028
4.5.1 Face and Voice Biometrics Market Size and Y-o-Y Growth
4.5.2 Face and Voice Biometrics Market Absolute $ Opportunity
Chapter 5 Global Face and Voice Biometrics Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Face and Voice Biometrics Market Size Forecast by Type
5.2.1 Face Biometrics
5.2.2 Voice Biometrics
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Face and Voice Biometrics Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Face and Voice Biometrics Market Size Forecast by Applications
6.2.1 Banking
6.2.2 Financial Services & Insurance (BFSI)
6.2.3 Government & Law Enforcement
6.2.4 Military & Defense
6.2.5 Healthcare
6.2.6 Commercial
6.2.7 IT & Telecom
6.2.8 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Face and Voice Biometrics Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Face and Voice Biometrics Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Face and Voice Biometrics Analysis and Forecast
9.1 Introduction
9.2 North America Face and Voice Biometrics Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Face and Voice Biometrics Market Size Forecast by Type
9.6.1 Face Biometrics
9.6.2 Voice Biometrics
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Face and Voice Biometrics Market Size Forecast by Applications
9.10.1 Banking
9.10.2 Financial Services & Insurance (BFSI)
9.10.3 Government & Law Enforcement
9.10.4 Military & Defense
9.10.5 Healthcare
9.10.6 Commercial
9.10.7 IT & Telecom
9.10.8 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Face and Voice Biometrics Analysis and Forecast
10.1 Introduction
10.2 Europe Face and Voice Biometrics Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Face and Voice Biometrics Market Size Forecast by Type
10.6.1 Face Biometrics
10.6.2 Voice Biometrics
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Face and Voice Biometrics Market Size Forecast by Applications
10.10.1 Banking
10.10.2 Financial Services & Insurance (BFSI)
10.10.3 Government & Law Enforcement
10.10.4 Military & Defense
10.10.5 Healthcare
10.10.6 Commercial
10.10.7 IT & Telecom
10.10.8 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Face and Voice Biometrics Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Face and Voice Biometrics Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Face and Voice Biometrics Market Size Forecast by Type
11.6.1 Face Biometrics
11.6.2 Voice Biometrics
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Face and Voice Biometrics Market Size Forecast by Applications
11.10.1 Banking
11.10.2 Financial Services & Insurance (BFSI)
11.10.3 Government & Law Enforcement
11.10.4 Military & Defense
11.10.5 Healthcare
11.10.6 Commercial
11.10.7 IT & Telecom
11.10.8 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Face and Voice Biometrics Analysis and Forecast
12.1 Introduction
12.2 Latin America Face and Voice Biometrics Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Face and Voice Biometrics Market Size Forecast by Type
12.6.1 Face Biometrics
12.6.2 Voice Biometrics
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Face and Voice Biometrics Market Size Forecast by Applications
12.10.1 Banking
12.10.2 Financial Services & Insurance (BFSI)
12.10.3 Government & Law Enforcement
12.10.4 Military & Defense
12.10.5 Healthcare
12.10.6 Commercial
12.10.7 IT & Telecom
12.10.8 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Face and Voice Biometrics Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Face and Voice Biometrics Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Face and Voice Biometrics Market Size Forecast by Type
13.6.1 Face Biometrics
13.6.2 Voice Biometrics
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Face and Voice Biometrics Market Size Forecast by Applications
13.10.1 Banking
13.10.2 Financial Services & Insurance (BFSI)
13.10.3 Government & Law Enforcement
13.10.4 Military & Defense
13.10.5 Healthcare
13.10.6 Commercial
13.10.7 IT & Telecom
13.10.8 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Face and Voice Biometrics Market: Competitive Dashboard
14.2 Global Face and Voice Biometrics Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 3M Cogent (USA)
14.3.2 NEC Corporation of America (USA)
14.3.3 AcSys Biometrics Corp. (Canada)
14.3.4 AGNITiO S.L. (Spain)
14.3.5 Cognitec Systems GmbH (Germany)
14.3.6 Nuance Communications(USA)
14.3.7 Eurotech S.P.A (Italy)
14.3.8 Ivrnet Inc. (Canada)
14.3.9 Kimaldi Electronics, S.L. (Spain)
14.3.10 National Security Resources (USA)
14.3.11 Neurotechnology (Lithuania)
14.3.12 PSP Security Co. Ltd (Hong Kong)
14.3.13 SAFRAN Group (France)
14.3.14 Sensible Vision (USA)
14.3.15 Sensory(USA)
14.3.16 Suprema(Korea)
14.3.17 VoiceTrust eServices(Canada)
14.3.18 VoiceVault(USA)
