Face and Voice Biometrics Market Growth, Size, Trends, Demand, Revenue and Future Outlook

Face and Voice Biometrics Market Size- By Type, By Technology, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Face and Voice Biometrics Market Size- By Type, By Technology, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Published: Feb 2024 Report ID: IACT2426 Pages: 1 - 231 Formats*:     
Category : Information & Communications Technology
Face and Voice Biometrics Market Introduction and Overview 

According to SPER Market Research, the Global Face and Voice Biometrics Market is estimated to reach USD 60.88 billion by 2033 with a CAGR of 21.41%.

The report includes an in-depth analysis of the Global Face and Voice Biometrics Market, including market size and trends, product mix, Applications, and supplier analysis. With a face-voice biometric system, a person can be recognized by the technology without ever making physical contact. This technology compares a person's voice and image to information from the system and stored data. This technology compares the individual with the stored data using cameras and voice recorders. The market for face-voice biometrics has grown significantly in importance and demand in recent years. This system determines a person's identity based on their uniqueness and previously stored data. Face-voice biometrics are becoming more and more necessary due to factors like growing security risks.   

  • 2021: The most recent version of Auraya's voice biometric ArmorVox 17.9.2 was released. It was equipped with extraordinary, enhanced features, as well as extra biometric scoring choices, in order to identify and stop fraudulent activity.  
  • 2021: Aculab has integrated with the ForgeRock Trust Network platform to enable rapid user identification and verification through distinctive voiceprints. Aculab's AI-driven voice biometric solutions will enable ForgeRock customers to experience a password-free experience.   
Face and Voice Biometrics Market
Market Opportunities and Challenges

Opportunities-  The demand for voice and face biometrics has increased due to the rise of online transactions and e-commerce. These biometric systems are thought to be more dependable and safe than smartcards, PINS, or passwords. Voice biometrics will be used in the future to handle issues related to user security, enabling secure communication with digital assistants for bill payment purposes or the bank. Spanish banks like BBVA are actively implementing voice-enabled interfaces, like "Blue," to enable customers to interact with their systems, utilize their services, and authenticate themselves. 

Challenges- The need for reliable and practical biometric authentication methods has grown due to the rise in online transactions and e-commerce payments. Thus, issues with sensitive data privacy and the storage of so much personal data are becoming a major problem for companies in the face and voice biometrics market or service providers.

Face and Voice Biometrics Market


Market Competitive Landscape
Due to the small number of well-established companies offering secure, scalable face and voice biometric services, the market as a whole is highly consolidated. However, in recent years, new regional players have emerged as a result of growing concerns expressed by many national governments regarding data storage and privacy. Some of the key players are –Atos SE, Apple Inc., Cognitec Systems GmbH, FaceFirst, ImageWare Systems Inc., NEC Corporation, Nuance Communications, Inc., Morpho (Safran), M2SYS Technologies. 

Scope of the Report:
 Report Metric Details
 Market size available for years 2019-2033
 Base year considered 2022
 Forecast period 2023-2033
 Segments coveredBy Type, By Technology , By End User
 Regions coveredNorth America, Asia-Pacific, Latin America, Middle East & Africa and Europe
 Companies CoveredBP PLC, Exxon Mobil Corporation, Gazprom Neft PJSC, Neste Oyj, Repsol SA, Royal Dutch Shell PLC, Total SA.
COVID-19 Impact on Global Face and Voice Biometrics Market
Because people are growing weary of touch, the COVID-19 pandemic has gained popularity in biometrics, especially in contactless biometrics. Robust digital authentication and fraud prevention have become critical as long as businesses are operating remotely. Simultaneously, mask use is reducing the accuracy of facial recognition biometrics. Voice has therefore become a useful authentication method. Voice biometric systems record a person's unique voice characteristics, such as cadence, rhythm, inflexion, tempo, sound pattern, and rhythm, as a "Voiceprint." In order to prevent voice verification, the generated voiceprint is encrypted and stored. Because voice biometric technology is more accurate, easier to use, and has lower execution costs than ever before, it is poised to revolutionize the industry.   

Key Target Audience
  • Consumers 
  • Enterprises and Corporate Organizations
  • Financial Institutions
  • Healthcare Industry   
  • Retail and E-commerce
  • Smart Cities and IoT
  • Others
Our in-depth analysis of the Face and Voice Biometrics Market includes the following segments:
By Type:
  • Conventional
  • Mobile
  • By Technology:
  • Face Biometrics
  • Voice Biometrics
  • By End User:
  • Banking
  • Commercial Uses
  • Financial Services and Insurance
  • Government Departments
  • Healthcare Services
  • IT & Telecom Companies
  • Law Enforcement Agencies
  • Military and Defense Sector
  • Key Topics Covered in the Report
    • Global Face and Voice Biometrics Market Size (FY’2023-FY’2033)
    • Overview of Global Face and Voice Biometrics Market
    • Segmentation of Global Face and Voice Biometrics Market By Type (Conventional and Mobile.)
    • Segmentation of Global Face and Voice Biometrics Market By Technology (Face Biometrics and Voice Biometrics.)
    • Segmentation of Global Face and Voice Biometrics Market By End User (Banking, Commercial Uses, Financial Services and Insurance, Government Departments, Healthcare Services, IT & Telecom Companies, Law Enforcement Agencies and Military and Defense Sector.)
    • Statistical Snap of Global Face and Voice Biometrics Market
    • Expansion Analysis of Global Face and Voice Biometrics Market
    • Problems and Obstacles in Global Face and Voice Biometrics Market
    • Competitive Landscape in the Global Face and Voice Biometrics Market
    • Impact of COVID-19 and Demonetization on Global Face and Voice Biometrics Market
    • Details on Current Investment in Global Face and Voice Biometrics Market
    • Competitive Analysis of Global Face and Voice Biometrics Market
    • Prominent Players in the Global Face and Voice Biometrics Market
    • SWOT Analysis of Global Face and Voice Biometrics Market
    • Global Face and Voice Biometrics Market Future Outlook and Projections (FY’2023-FY’2033)
    • Recommendations from Analyst
    1. Introduction
    1.1. Scope of the report
    1.2. Market segment analysis

    2. Research Methodology
    2.1. Research data source
    2.1.1. Secondary Data
    2.1.2. Primary Data
    2.1.3. SPER’s internal database
    2.1.4. Premium insight from KOL’s
    2.2. Market size estimation
    2.2.1. Top-down and Bottom-up approach
    2.3. Data triangulation

    3. Executive Summary

    4. Market Dynamics
    4.1. Driver, Restraint, Opportunity and Challenges analysis
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunities
    4.1.4. Challenges
    4.2. COVID-19 Impacts of the Global Face and Voice Biometrics Market

    5. Market variable and outlook
    5.1. SWOT Analysis
    5.1.1. Strengths
    5.1.2. Weaknesses
    5.1.3. Opportunities
    5.1.4. Threats
    5.2. PESTEL Analysis
    5.2.1. Political Landscape
    5.2.2. Economic Landscape
    5.2.3. Social Landscape
    5.2.4. Technological Landscape
    5.2.5. Environmental Landscape
    5.2.6. Legal Landscape
    5.3. PORTER’s Five Forces 
    5.3.1. Bargaining power of suppliers
    5.3.2. Bargaining power of buyers
    5.3.3. Threat of Substitute
    5.3.4. Threat of new entrant
    5.3.5. Competitive rivalry
    5.4. Heat Map Analysis

    6. Competitive Landscape
    6.1. Global Face and Voice Biometrics Market Manufacturing Base Distribution, Sales Area, Product Type 
    6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Face and Voice Biometrics Market

    7. Global Face and Voice Biometrics Market, By Type (USD Million)
    7.1. Global Face and Voice Biometrics Market Value Share and Forecast, By Type, 2023-2033 
    7.2. Conventional 
    7.3. Mobile

    8. Global Face and Voice Biometrics Market, By Technology (USD Million)
    8.1. Global Face and Voice Biometrics Market Value Share and Forecast, By Technology, 2023-2033 
    8.2. Face Biometrics 
    8.3. Voice Biometrics

    9. Global Face and Voice Biometrics Market, By End User (USD Million)
    9.1. Global Face and Voice Biometrics Market Value Share and Forecast, By End User, 2023-2033 
    9.2. Banking 
    9.3. Commercial Uses
    9.4. Financial Services and Insurance
    9.5. Government Departments
    9.6. Healthcare Services
    9.7. IT & Telecom Companies 
    9.8. Law Enforcement Agencies
    9.9. Military and Defense Sector

    10. Global Face and Voice Biometrics Market Forecast, 2019-2033 (USD Million)
    10.1. Global Face and Voice Biometrics Market Size and Market Share

    11. Global Face and Voice Biometrics Market, By Type, 2019-2033 (USD Million)
    11.1. Global Face and Voice Biometrics Market Size and Market Share By Type (2019-2026)
    11.2. Global Face and Voice Biometrics Market Size and Market Share By Type (2027-2033)

    12. Global Face and Voice Biometrics Market, By Technology, 2019-2033 (USD Million)
    12.1. Global Face and Voice Biometrics Market Size and Market Share By Technology (2019-2026)
    12.2. Global Face and Voice Biometrics Market Size and Market Share By Technology (2027-2033)

    13. Global Face and Voice Biometrics Market, By End User, 2019-2033 (USD Million)
    13.1. Global Face and Voice Biometrics Market Size and Market Share By End User (2019-2026)
    13.2. Global Face and Voice Biometrics Market Size and Market Share By End User (2027-2033)

    14. Global Face and Voice Biometrics Market, By Region, 2019-2033 (USD Million)
    14.1. Global Face and Voice Biometrics Market Size and Market Share By Region (2019-2026)
    14.2. Global Face and Voice Biometrics Market Size and Market Share By Region (2027-2033) 
    14.3. Asia-Pacific
    14.3.1. Australia
    14.3.2. China
    14.3.3. India
    14.3.4. Japan
    14.3.5. South Korea
    14.3.6. Rest of Asia-Pacific
    14.4. Europe
    14.4.1. France
    14.4.2. Germany
    14.4.3. Italy
    14.4.4. Spain
    14.4.5. United Kingdom
    14.4.6. Rest of Europe
    14.5. Middle East and Africa
    14.5.1. Kingdom of Saudi Arabia 
    14.5.2. United Arab Emirates
    14.5.3. Rest of Middle East & Africa
    14.6. North America
    14.6.1. Canada
    14.6.2. Mexico
    14.6.3. United States
    14.7. Latin America
    14.7.1. Argentina
    14.7.2. Brazil
    14.7.3. Rest of Latin America

    15. Company Profile
    15.1. Atos SE
    15.1.1. Company details
    15.1.2. Financial outlook
    15.1.3. Product summary 
    15.1.4. Recent developments
    15.2. Apple Inc.
    15.2.1. Company details
    15.2.2. Financial outlook
    15.2.3. Product summary 
    15.2.4. Recent developments
    15.3. Cognitec Systems GmbH
    15.3.1. Company details
    15.3.2. Financial outlook
    15.3.3. Product summary 
    15.3.4. Recent developments
    15.4. FaceFirst
    15.4.1. Company details
    15.4.2. Financial outlook
    15.4.3. Product summary 
    15.4.4. Recent developments
    15.5. ImageWare Systems, Inc.
    15.5.1. Company details
    15.5.2. Financial outlook
    15.5.3. Product summary 
    15.5.4. Recent developments
    15.6. NEC Corporation
    15.6.1. Company details
    15.6.2. Financial outlook
    15.6.3. Product summary 
    15.6.4. Recent developments
    15.7. Nuance Communications, Inc.
    15.7.1. Company details
    15.7.2. Financial outlook
    15.7.3. Product summary 
    15.7.4. Recent developments
    15.8. Morpho (Safran)
    15.8.1. Company details
    15.8.2. Financial outlook
    15.8.3. Product summary 
    15.8.4. Recent developments
    15.9. M2SYS Technologies
    15.9.1. Company details
    15.9.2. Financial outlook
    15.9.3. Product summary 
    15.9.4. Recent developments
    15.10. Others 
     
    16. List of Abbreviations

    17. Reference Links

    18. Conclusion

    19. Research Scope

    SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

    The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

    SPER-Methodology-1

    SPER-Methodology-2

    SPER-Methodology-3


    Frequently Asked Questions About This Report
    Face and Voice Biometrics Market is projected to reach USD 60.88 billion by 2033, growing at a CAGR of 21.41% during the forecast period.
    Face and Voice Biometrics Market grew in Market size from 2022. The Market is expected to reach USD 60.88 billion by 2033, at a CAGR of 21.41% during the forecast period.
    Face and Voice Biometrics Market CAGR of 21.41% during the forecast period.
    Face and Voice Biometrics Market size is USD 60.88 billion from 2023 to 2033.
    Face and Voice Biometrics Market Segment is covered By Type, By Technology , By End User.
    The North America is anticipated to have the highest Market share in the Face and Voice Biometrics Market.
    The key players in the Market include Companies Covered Atos SE, Apple Inc., Cognitec Systems GmbH, FaceFirst, ImageWare Systems Inc., NEC Corporation, Nuance Communications, Inc., Morpho (Safran), M2SYS Technologies.
    This technology compares a person's voice and image to information from the system and stored data. This technology compares the individual with the stored data using cameras and voice recorders.
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