Global Face and Voice Biometrics Market to Reach $63 Billion by 2030
The global market for Face and Voice Biometrics estimated at US$17.5 Billion in the year 2022, is projected to reach a revised size of US$63 Billion by 2030, growing at a CAGR of 17.4% over the analysis period 2022-2030. Face Biometrics, one of the segments analyzed in the report, is projected to record 18% CAGR and reach US$42.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Voice Biometrics segment is readjusted to a revised 16.2% CAGR for the next 8-year period.The U.S. Market is Estimated at $5.1 Billion, While China is Forecast to Grow at 16.4% CAGR
The Face and Voice Biometrics market in the U.S. is estimated at US$5.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$10.6 Billion by the year 2030 trailing a CAGR of 16.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.5% and 13.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 10.7% CAGR.Select Competitors (Total 52 Featured) -
- Apple, Inc.
- Atos SA
- Cognitec Systems GmbH
- FaceFirst LLC
- Gemalto NV
- ImageWare Systems, Inc.
- M2SYS Technology
- NEC Corporation
- Nuance Communications, Inc.
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Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIII. MARKET ANALYSISCANADAITALYREST OF EUROPEREST OF WORLDIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Apple, Inc.
- Atos SA
- Cognitec Systems GmbH
- FaceFirst LLC
- Gemalto NV
- ImageWare Systems, Inc.
- M2SYS Technology
- NEC Corporation
- Nuance Communications, Inc.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 382 |
Published | May 2024 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD | $ 12 Billion |
Forecasted Market Value ( USD | $ 37.6 Billion |
Compound Annual Growth Rate | 17.7% |
Regions Covered | Global |