The global Biometrics-as-a-Service market garnered $1.42 billion in 2018, and is estimated to reach $5.37 billion in 2026, growing at a CAGR of 18.2% from 2019 to 2026
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The global voice cloning market is driven by factors such as rise in demand for personalized experiences across several industries, an increase in initiatives in voice cloning projects, and the rise in popularity of virtual assistants and chatbots.
Reduction in cost of connected devices and IoT traction among SMEs is expected to create lucrative opportunities for the expansion of the IoT in retail market globally.