Global Facial Recognition Market Set for Rapid Growth - Emergen Research

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Rapid deployment of biometric technology, video surveillance, and advancements in technology such as cloud-based systems are some major factors driving market growth

The report provides an in-depth analysis of the competitive landscape, along with company profiling of key players involved in the global Facial Recognition market. The authors of the report make sure to equip readers with a thorough evaluation of the vendor landscape and inform them of the current and future changes that can be expected. The competitive analysis offered in the report inspects the market share, gross margin, product portfolio, consumption, market status, and technologies of leading players controlling a significant portion of the global Facial Recognition market.

The global facial recognition market size is expected to reach USD 13.87 Billion at a steady CAGR of 15.7% in 2028, according to latest analysis by Emergen Research. This steady market revenue growth can be attributed to rising need for physical security, increasing deployment and use of biometric devices, and rising deployment of 5G technology. Rising demand for electronic devices such as mobile phones, wearable devices, smart devices, and increase in technology adoption such as cloud-based technology and IoT is expected to continue to fuel growth of the global facial recognition market going ahead

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Competitive Outlook:

This section of the report performs a thorough investigation into the intensely competitive landscape of the global Facial Recognition market, highlighting the leading manufacturers, strategic initiatives adopted by them, the existing growth prospects, market positions, and market shares held by each participant.  The report further emphasizes the developmental strategies undertaken by these companies, including product innovation, new product launches, and technological upgradation. Moreover, the report studies the notable business events observed in this industry, such as mergers acquisitions, joint ventures, partnerships, corporate deals, and brand promotions.  The key industry participants include:

Key Companies Profiled in the Report are

NEC Corporation, Cognitec Systems, Aware Inc., FaceFirst Inc., Safran SA, Panasonic Corporation, Gemalto NV, Key Lemon Ltd., Ayonix Corporation, Face++

Report Highlights:

  • Besides offering a vivid depiction of the global Facial Recognition business sphere and its fundamental operations, the latest report provides the industrial chain analysis and list down the current and future market trends and growth opportunities.
  • The report includes information on the present and historical market scenarios, which helps forecast the market conditions over the next eight years (2020-2027).
  • The report scrutinizes the salient factors influencing the growth of the market in the near future.
  • The strategic marketing recommendations, crucial information related to the new market entrants, and expansion plans of various businesses are poised to provide the reader with a competitive edge in the market.

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The report analyzes the market based on different categories such as product types, end-user applications, and leading geographical regions. It offers key insights into the factors that are expected to influence the growth of the segments and sub-segments.

Facial Recognition Market Segmentation:

  • Component Outlook (Revenue, USD Billion; 2018–2028)

    • Hardware
    • Software
  • Technology Outlook (Revenue, USD Billion; 2018–2028)

    • 2D Facial Recognition
    • 3D Facial Recognition
    • Facial Analytics
  • Application Outlook (Revenue, USD Billion; 2018–2028)

    • Physical Security
    • ID Management
    • Criminal Investigation
    • Business Intelligence
    • Photo Indexing and Sorting

Key Geographies Profiled in the Report:

  • North America(the U.S., Mexico, and Canada)
  • Asia Pacific(China, Japan, India, and Rest of Asia Pacific)
  • Europe(the U.K., France, Germany, and Rest of Europe)
  • Latin America(Brazil and Rest of Latin America)
  • Middle East Africa(GCC Countries and Rest of Middle East Africa)

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