DUBLIN--(BUSINESS WIRE)--Nov 8, 2019--

The Face and Voice Biometrics market worldwide is projected to grow by US$14 Billion, driven by a compounded growth of 18.6%

Face Biometrics, one of the segments analyzed and sized in this study, displays the potential to grow at over 19.1%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$13.3 Billion by the year 2025, Face Biometrics will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 19.9% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$529 Million to the region's size and clout in the next 5 to 6 years. Over US$669.6 Million worth of projected demand in the region will come from the rest of the European markets. In Japan, Face Biometrics will reach a market size of US$950.8 Million by the close of the analysis period.

As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 18.2% over the next couple of years and add approximately US$2.4 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.

Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include:

  • Apple, Inc.
  • Atos SA
  • Cognitec Systems GmbH
  • FaceFirst LLC
  • Gemalto NV
  • ImageWare Systems, Inc.
  • M2SYS Technology
  • NEC Corporation
  • Nuance Communications, Inc.

Key Topics Covered:

1. Market Overview

2. Focus on Select Players

3. Market Trends & Drivers

4. Global Market Perspective

For more information about this report visit https://www.researchandmarkets.com/r/xedo69

Laura Wood, Senior Press Manager

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SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 11/08/2019 08:35 AM/DISC: 11/08/2019 08:35 AM

Copyright Business Wire 2019.