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Face and Voice Biometrics - Global Market Trajectory & Analytics

  • ID: 2498171
  • Report
  • April 2021
  • Region: Global
  • 293 Pages
  • Global Industry Analysts, Inc
Global Face and Voice Biometrics Market to Reach $22.7 Billion by 2027

Amid the COVID-19 crisis, the global market for Face and Voice Biometrics estimated at US$7.2 Billion in the year 2020, is projected to reach a revised size of US$22.7 Billion by 2027, growing at a CAGR of 17.8% over the period 2020-2027. Face Biometrics, one of the segments analyzed in the report, is projected to record 18.2% CAGR and reach US$15.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Voice Biometrics segment is readjusted to a revised 17% CAGR for the next 7-year period.

The U.S. Market is Estimated at $2.1 Billion, While China is Forecast to Grow at 17.1% CAGR

The Face and Voice Biometrics market in the U.S. is estimated at US$2.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.9 Billion by the year 2027 trailing a CAGR of 17.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15.8% and 15.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13.1% CAGR.

Select Competitors (Total 107 Featured):
  • Apple, Inc.
  • Atos SA
  • Cognitec Systems GmbH
  • FaceFirst LLC
  • Gemalto NV
  • ImageWare Systems, Inc.
  • M2SYS Technology
  • NEC Corporation
  • Nuance Communications, Inc.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • REST OF EUROPE
  • ASIA-PACIFIC
  • REST OF WORLD
IV. COMPETITION
  • Total Companies Profiled: 107
Note: Product cover images may vary from those shown
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