Face, Voice Biometric-Technologies Market to Reach $2.9B by 2018

Non-intrusive features of face and voice biometrics technologies give them an edge
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Increasing security threats combined with the ease with which facial and voice data can be collected are driving the global face and voice biometric-technologies market, which is expected to reach $2.9 billion by 2018, says a report by Global Industry Analysts Inc., a market research firm.
The report—Face and Voice Biometrics, A Global Strategic Business Report—says increased terrorist attacks, racial and ethnic disturbances, campus violence, random shootouts, riots, burglary and physical assaults are contributing to the market growth of face and voice biometrics technologies.
However, it is the non-intrusive aspect of facial and voice biometric technologies that is giving those systems an edge over other biometric modalities, according to the report. In addition, of the biometric technologies facial biometrics recorded the fastest growing product segment with sales reaching a compound annual growth rate of 19 percent, according to the report.
Unlike other technologies such as vein pattern scanning, fingerprint identification or hand geometry, which require individuals make some contact with the reader or the system for the identification system to work, facial and voice recognition technologies can establish an individual’s identity even without any established contact between the person and the system, the report says. Rather, with the help of cameras and voice recorders just capturing someone’s image, or a voice sample, is enough to identify that person, the report says.
The report says face and voice biometric technologies are now being well accepted in the field of information security because of several success stories from governments and commercial enterprises, according to the research.
Of all the global markets, the United States remains the largest regional market for biometric technologies, but the Asian-Pacific market is the fastest growing regional market with sales producing a CAGR of about 28.5 percent, the report says.
In Europe, biometric technologies have survived the debt crisis largely because of the EU state’s plans to require biometric technology be part of citizens’ identifications documents, including passports, the report says. The reason most EU states want to require biometric technologies be part of identity documents is those states believe biometrics will strengthen cross border security and control fraud, the study says.
Click here for more information on the report.

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