The global market value of the face and voice biometric
market was valued at USD 1.9 billion in 2022, and a CAGR of 9.8% is expected
during the forecast period. Increasing demand for robust fraud detection and
prevention systems across the banking, financial services, and insurance
industries and the need to reduce authentication and identification costs are
driving the adoption of biometrics all over the world.
activities have increased with the digitization of the banking industry. The
rising demand for voice authentication in mobile banking systems is driving the
growth of the market.
COVID-19 has had a significant impact on the market due
to the need to minimize physical contact, which has surged the demand for
touchless biometric authentication methods like face and voice recognition.
With the shift towards remote work and increased digitization across
industries, there has been a growing need for secure and convenient authentication
solutions, further boosting the adoption of face and voice biometrics. However,
the widespread use of face masks has posed challenges for facial recognition
systems, leading to the development of more robust algorithms capable of
recognizing individuals. The increased use of biometric technologies has raised
concerns about privacy and data security.
With rising concern about data breaches and identity
theft, organizations are turning to biometric solutions as a more secure method
compared to traditional password-based systems. Advances in facial and voice
recognition algorithms, coupled with improvements in hardware such as
high-resolution cameras and microphones, are enhancing the accuracy and
reliability of biometric systems. Increased use of smartphones and other mobile
devices has fueled biometric authentication for unlocking devices, authorizing
payments, and accessing applications, driving demand for face and voice
The biggest advantage of biometric authentication is
that it eliminates the need to remember passwords or carry physical tokens.
This convenience factor is driving adoption in various industries, including
banking, healthcare, and retail. Integration of biometric authentication with
internet of things devices and artificial intelligence systems is opening up
new applications and use cases such as smart homes, connected cars, and
personalized health care. Increasing use of biometrics prevents fraud detection
and prevention, improving operational efficiency.
Medium Size Enterprises
and Customer Verification
Analysis, and criminal detection
Passphrase, and Personalized User Experience
Middle East and
Face and Voice
Biometric Market Type Segmentation
On the basis of the type, the face and voice biometric
market are segmented into active voice biometric and passive voice biometric.
Active voice biometrics involves capturing a person’s voice intentionally, such
as when they speak into a microphone for identification or authentication
purposes. Passive voice biometrics, on the other hand, involves the analysis of
a person’s voice without their knowledge. It includes analyzing recordings of
phone calls, videos, or other audio sources.
Increasing demand for passive
voice biometrics in security applications is driving the demand for them in the
market. Monitoring call center interaction for fraud detection and analyzing
surveillance footage for identifying and catching the criminal in an efficient
way. The increasing security threat is the driving force behind the market's
Face and Voice
Biometric Market Application Segmentation
On the basis of the applications, the face and voice
biometric market is segmented into authentication and customer verification,
transaction processing, access control, workforce management, risk and
emergency management, fraud detection and prevention, forensic voice analysis,
criminal detection, and others. Increasing security threats all over the world
are driving the growth of the market significantly. Authentication and customer
verification in various organizations are the leading segments and are expected
to dominate during the forecast period.
The increasing need for criminal
detection is driving the growth of the market significantly. Forensic voice
analysis is another key segment that is used to identify individuals based on
their unique vocal characteristics. It involves analyzing various aspects of a
person’s voice, such as pitch, tone, rhythm, and pronunciation, to create a
distinctive voiceprint. Criminal investigations and forensic voice analysis are
driving the growth of the market. This technique is often used in criminal
investigations, such as identifying suspects based on recorded audio evidence
or verifying the authority of voice recordings. Forensic voice analysis does
provide valuable clues and is driving the market towards a new height.
On the basis of the regions, the face and voice
biometric market is segmented into 5 parts: Asia Pacific, North America, Latin
America, Europe, and the Middle East and Africa. North America, due to the
technological advancements and presence of the major key companies, is driving
the growth in the market. Increasing demand for voice authentication in mobile
banking is driving the growth of the market significantly. The advent of
advanced technologies such as artificial intelligence and DNN is driving the
growth of the market.
The United States is one of the most advanced regions in
terms of biometric adoption and innovation. The region has a mature market with
widespread deployment of biometric authentication solutions across various
industries such as finance, healthcare, and government. High awareness of cyber
security risks is the key factor driving the growth of the market. Europe has a
well-established biometric market, and the need for data security and advanced
authentication methods are key drivers of growth in Europe’s biometric market.
Due to increasing population size, urbanization, and industrialization,
countries like China, Japan, India, and South Korea are emerging as key players
in the market. Growing demand for security solutions in the Asia-Pacific region
is driving the demand for voice and face biometrics significantly in the