The global facial recognition market size was valued at $3.4 billion in 2019 and is expected to grow at a CAGR of 13.78 % from 2019 to 2025. Face recognition images with saved face database. It is expected to witness strong growth over the forecast period as usage increases in law enforcement and non-law enforcement applications. In addition, facial recognition is widely preferred over other biometric technologies such as voice recognition, skin texture recognition, iris recognition and fingerprint scanning due to its contactless process and easy deployment (using cameras and conventional monitoring devices). Currently, this technology is primarily used for security and marketing purposes. For example, billboards are designed with integrated software used to provide targeted advertising by identifying gender, age and ethnicity.
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The following players are covered in this report:
- Aware
- NEC
- Ayonix
- Cognitec Systems
- Keylemon
- Nviso
- Herta Security
- Neurotechnology
- Daon
- Animetrics
- Gemalto
Facial Recognition Market Segmentation by Type
- 2D Facial Recognition
- 3D Facial Recognition
- Thermal Face Recognition
Facial Recognition Market Segmentation by Application
- Emotion Recognition
- Attendance Tracking And Monitoring
- Access Control
- Law Enforcement
- Others
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Scope of the Report
The research study analyses the global Facial Recognition industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Facial Recognition Market Report
1. What was the Facial Recognition Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2019-2025).
What will be the CAGR of Facial Recognition Market during the forecast period (2019-2025)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2019-2025).
4. Which manufacturer/vendor/players in the Facial Recognition Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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