Facial Recognition Market Size, Revenue Analysis, Industry Outlook, Forecast, 2020-2028
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
Increasingly stringent government regulations regarding biometric identity and proof of citizenship and rising deployment of video surveillance to monitor criminal activities are factor increasing investments by governments in facial recognition solutions and systems. Continuous improvements in technology such as Artificial Intelligence and increasing deployment of drone surveillance are some other factors boosting market growth. However, high implementation costs and lack of knowledge and awareness about these solutions are some factors restrain growth of the facial recognition market to a certain extent.
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Our sample copy includes a brief analysis of the Facial Recognition market, the List of Tables and Figures, the market’s competitive scenario and geographical segmentation, and product innovation and future developments based on a sought-after research methodology. Therefore, it serves as a comprehensive framework of the global Facial Recognition market dynamics and comprises a critical study of consumers’ journeys, the current and emerging market avenues, and strategic initiatives undertaken by companies to enable readers to gain meaningful insights into the market.
Regional Outlook:
The report offers a comprehensive analysis of the current growth opportunities for various regions of the Facial Recognition market. It gauges the revenue shares of these regions over the forecast timeline. Furthermore, the report analyzes the year-on-year growth rate of these regions over the forecast duration. The leading geographic regions encompassed in the report include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Outlook:
The latest research report is inclusive of a precise summary of the intensely competitive landscape of the global Facial Recognition market. It offers a systematic presentation of the company profiles of the leading market players. This section of the report analyzes the effective initiatives undertaken by these players for business expansion in the long run. In addition, this section highlights the key developments and financial positions of these companies to explain the overall market scenario. The company profiles of the established and new players have been assessed using certain effective analytical tools, such as Porter’s Five Forces analysis and SWOT analysis.
Leading companies operating across the global Facial Recognition market:
· NEC Corporation
· Cognitec Systems
· Aware Inc.
· FaceFirst Inc.
· Safran SA
· Panasonic Corporation
· Gemalto NV
· Key Lemon Ltd.
· Ayonix Corporation
· Face++
· Others
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Emergen Research has segmented the global facial recognition market on the basis of component, technology, application, end use, and region:
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 End use Outlook (Revenue, USD Billion; 2018–2028)
BFSI IT & Telecommunication Healthcare Government Request a customized sample of the report @ https://www.emergenresearch.com/request-for-customization/640
Regional Outlook (Revenue, USD Billion; 2018–2028)
North America U.S. Canada Mexico Europe Germany France U.K. BENELUX Switzerland Rest of Europe Asia Pacific China Japan South Korea India Rest of APAC Latin America Brazil Rest of LATAM Middle East & Africa Saudi Arabia UAE South Africa Turkey Rest of MEA Request a discount on the report @ https://www.emergenresearch.com/request-discount/640
Global Facial Recognition Market – Table of Contents:
Market Summary:
Product Outlook:
Production, by product type Revenue, by product type Price, by product type 3. Application Outlook:
Consumption, by application Market Share, by application 4. Geographical Breakdown:
Production, by region Revenue, by region Consumption, by region 5. Manufacturers’ Overview:
Production Locations and Areas Served Product Launch, Application, and Specification Production, Revenue, Ex-factory Price, and Gross Margin Key Businesses Thank you for reading our report. In case of further queries regarding the report or inquiry about its customization, please connect with us. We will ensure your report is well-suited to your requirements.
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