Revenue from the government end use industry segment in the global face and voice biometric market was valued at US$ 629.7 Mn in 2012 and US$ 1,152.0 Mn in 2016, representing a CAGR of 16.3% from 2012 to 2016. According to forecasts, the government segment is slated to witness an increase in revenue from close to US$ 1.7 Bn in 2017 to more than US$ 6 Bn by the end of 2025, representing a CAGR of 18.3% from 2017 to 2025.
Currently, in emerging economies several opportunities are offered to foreign direct investors for investing in improving the infrastructure and standards of face and voice biometrics. To study further about the overall market expanse for face and voice biometrics, a latest report has been included to the massive database of Market Research Reports Search Engine (MRRSE).
This research study it titled “Face and Voice Biometric Market: Global Industry Analysis 2012 – 2016 and Forecast 2017 – 2025”. The report encloses useful data about the market overview, value chain analysis and opportunity analysis.
Further, details regarding Y-o-Y growth rate as well as forecasted rise in the coming years is also mentioned in this well-analyzed report.
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In this modern high tech era, passwords and PINS to acquire access to systems has been mellowed down by newer technology such as face and voice biometrics recognition. The effectiveness of face and voice biometrics is seen in the field of computers, scientific instruments, electrical machinery etc.
The first section of the report talks about the market definition and parent market overview. In addition to this, the face and voice biometrics market view point is enclosed which includes, macroeconomic factors and opportunity analysis.
The global market is segregated into several regions which are carefully studied in this report based on several factors, including key regulation, regional market drivers, trends, and restraints. The prime regions for face and voice biometrics are North America, Latin America, Europe, MEA, and APAC.
Further, the intelligent study also presents segmentation on the basis of technology, type, and end user industry. Face and voice biometrics are the focused technologies, with the popular types highlighted to be, conventional and mobile.
The key end user industries include banking, financial services & insurance (BFSI), government, law enforcement, healthcare, military & defense, commercial and IT & telecom. Among these, it has been noted the government segment is expected to witness an increase in revenue from a mark close to US$ 1.7 Bn in 2017 to more than US$ 6 Bn by the end of 2025; this represents a CAGR of 18.3% during the forecast period (2017-2025).
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As the report concludes, the readers can access information about the competition landscape. This includes the various company profiles operating in the global face and voice biometrics market.
Data related to financials, strategy as well as recent developments for the targeted companies are wisely managed in this report. The major leaders from the sector include 3M Cogent, Inc., Apple, Inc., Cognitec Systems GmbH, FaceFirst etc.
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