Unlike other technologies such as vein pattern scanning, fingerprint identification or hand geometry, all of which demand individuals to be identified to make some contact with the reader or the system, facial and voice recognition technologies can establish an individual’s identity even without any established contact between the person and the system, just by capturing image or voice samples of the person with the help of security cameras and voice recorders respectively. The non-intrusive features of these technologies give it an edge over other biometric modalities.
The growing success of such face and voice biometric applications has led to their greater acceptance in information security, particularly voice biometrics. Now, voice recognition systems are becoming a mainstream commercial user authentication technology, achieving significant adoption in a range of customer-facing applications.
In Europe, biometric technologies have been used extensive to implement biometric identification systems for citizens such as biometric passports or other identity cards. Now, biometrics will also play an important role in trade facilitation by enhancing operational security and optimizing trade flows. Adoption potential of biometric solutions therefore remains high in commercial shipping and international trade.
On the flip side, consumer, residential, and enterprise biometrics, which are largely used for physical access control is however feeling the heat of the debt crisis. In the United States, the ongoing futile debt ceiling negotiations and the still hanging thereat of sequestration cuts is injecting uncertainty, especially in the military biometrics space where sequestration cuts can rip US defense budgets and bring in changes in defense budget priorities. The scenario can bring changes in the market prospects for portable biometric devices, such as those utilized by overseas military troops to verify terrorist profiles and identify detainees in war zones and access control biometrics for accessing military base and campuses, by reducing defense equipment procurement budgets.
In the upcoming years, as the BRIC countries slowdown highlighting the popping of the BRIC bubble, the CIVETS countries are poised to emerge into the next cluster of developing markets to turbo-charge future growth in the market. Characterized by burgeoning economies, increase in foreign investments, fast paced urbanization, rise in new business establishments, presence of large relatively untapped private security markets and increase in crime rates, CIVETS is forecast to witness increased adoption of security systems, particularly biometric technologies like face and voice biometrics.
As stated by the new market research report on Face and Voice Biometrics, the US continues to remain the largest regional market accounting for a majority share in global sales. Asia-Pacific currently is the fastest growing regional market with sales in the region waxing at a CAGR of about 28.5% over the analysis period. Face Biometrics represents the fastest growing product segment with sales waxing at a CAGR 19% over the analysis period.
Major players in the global marketplace include 3M Cogent, AcSys Biometrics Corp., Cognitec Systems GmbH, Eurotech S.P.A, Ivrnet Inc., Kimaldi Electronics, S.L., National Security Resources, NEC Corporation of America, Neurotechnology, Nuance Communications, Inc., PSP Security Co., Ltd., SAFRAN Group, Sensible Vision, Sensory Inc., Suprema Inc., and VoiceVault Inc., among others.
The research report titled “Face and Voice Biometrics: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, mergers, acquisitions and other strategic industry activities.
More details on this report on the biometrics market is available here.