The global facial recognition market size was valued at $3.4 billion in 2019 and is expected to grow at a CAGR of 14% from 2019 to 2025. The technology is improving, evolving and expanding at an explosive rate. Technologies such as biometrics are used extensively to enhance security. It is used in a variety of applications such as access control and attendance tracking. Biometrics are universal, unique, and measurable, so they can be used to provide security solutions.
A full report of COVID-19 Impact on Facial Recognition Market is available at: https://www.orionmarketreports.com/covid-19-impact-on-facial-recognition-market/43110/
Impact on the Covid-19 Face Recognition Market:
• With increasing hygiene concerns, most companies are turning to facial recognition systems as a hygiene alternative to stop the spread of the novel coronavirus.
• On the other hand, the integration of artificial intelligence (AI) combines facial recognition technology with temperature sensing to provide an effective solution. In addition, through AI and infrared thermal imaging, the facial recognition system also performs mask detection.
• Demand for facial recognition systems has increased both in the government and in the private sector.
Facial Recognition Market Segmentation:
By Technology
• 2D Facial Recognition
• 3D Facial Recognition
• Facial Analytics
By Component
• Hardware (Scanners, Cameras, Handheld Devices, Integrated Devices)
• Software
By Application
• Homeland Security
• Criminal Investigation
• ID Management
• Physical Security
• Intelligent Signage
• Web Application
• Business Intelligence
• Photo Indexing and Sorting
• Others (VIP Recognition, Automotive and Phone, PC & Banking Login)
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
