report published by Infinium Global Research on the facial recognition market
provides an in-depth analysis of segments and sub-segments in the global as well
as regional facial recognition market. The study also highlights the impact of
drivers, restraints, and macro indicators on the global and regional facial
recognition market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecast and dollar values of the global
facial recognition market. According to the report, the global facial
recognition market is projected to grow at a CAGR of 17.61% over the forecast
period of 2019-2025.
recognition system is a technology capable of verifying and identifying an
individual by video source or digital image. It is used in various platforms
such as computer applications, mobile phones and other forms of technology.
adoption of emerging technologies and innovation in the products, such as
3D imaging and scanning fuels the growth of the global facial recognition
market. Growing demand for the surveillance systems for improving safety and
security is the major driving factor for the growth of the global facial
recognition market. As an increased number of data breach cases and data theft
boost the growth of the market. Increasing demand for intelligent signage and
advance physical security are the factor driving the growth of the global
facial recognition market. On the other hand, high cost for implementation of
facial recognition software and hardware along with concerns related to
cyber-attacks may hamper the growth of the global facial recognition market.
Furthermore, increasing demand for mobile security and drone creates an
opportunity for the growth of the global facial recognition market.
North America region dominates by the largest market share in the Facial
Recognition market due to strong fraud detection and prevention systems in
major industry verticals as well as growing awareness for the document
verification. An increasing number of people for the business travel which
requires proper documentation and detection of fraud, theft, and terrorists for
the safety of passenger boost the growth in the region. In North America, The U.S. dominates the market followed by Canada and Mexico. Asia Pacific region is
expected to boost the growth of the Facial Recognition market in the forecast
period. In the Asia Pacific, China holds the largest market share followed by
Japan and India. A growing number of smartphone user and increasing awareness
for the enhanced data security and safety systems boost the growth of the
market in the Asia-Pacific region.
The report on The global facial recognition market covers segments such as component, technology,
and application. On the basis of component, the sub-markets include hardware,
and software. On the basis of technology, the sub-markets include 2D facial
recognition, and 3D facial recognition. On the basis of application, the
sub-markets include attendance tracking and monitoring, law enforcement, and
provides profiles of the companies in the market such as NEC Corporation, The
3M Company, Cognitec Systems GmbH, Aware, Inc., Daon, Inc., Gemalto N.V.
(Thales Group), Animetrics, Inc., Nuance Communications, Inc., FaceFirst, Inc.,
and Other Companies.
provides deep insights into the demand forecasts, market trends, and micro and
macro indicators. In addition, this report provides insights into the factors
that are driving and restraining the growth in this market. Moreover, The
IGR-Growth Matrix analysis given in the report brings an insight into the
investment areas that existing or new market players can consider. The report
provides insights into the market using analytical tools such as Porter's five
forces analysis and DRO analysis of the facial recognition market. Moreover, the
study highlights current market trends and provides forecast from 2019-2025. We
also have highlighted future trends in the market that will affect the demand
during the forecast period. Moreover, the competitive analysis given in each
regional market brings an insight into the market share of the leading players.