According to a new market research report launched by Inkwood Research, the Global Facial RecognitionMarketis expected to reach about $11.94 billion by 2028 in terms of revenue, with a CAGR of 14.41% during the forecast period.
Browse 31 market data Tables and 49 figures spread over 170Pages, along with in-depth analysis on Global Facial Recognition Market by Technology,End-User & by Geography
This insightful market research report by Inkwood Research focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. The report covers all the aspects of this comprehensive market, by assessing major geographies, and is a valuable asset for the existing players, new entrants, and future investors. The study presents a detailed market analysis, with inputs derived from industry professionals across the value chain.
Global Facial Recognition Market Scenario
Facial recognition is a software equipped with biometrics technology, which is used for the authentication and identification of people’s identity. The process operates by transmitting an individual’s facial features, extracted from the images stored in a database. The biometrics software is fast and secure, allowing businesses to verify their customers within seconds, and can also prevent from identity fraud threat. The most apparent use of facial recognition is that it can be used as a security pass in houses, as well as, businesses.
The global facial recognition market is witnessing tremendous growth due to a number of key drivers, which include a surge in the requirement of surveillance systems to enhanced safety and efficient security, rising adoption of facial recognition in the consumer electronics sector, advancements in technology in recognition systems. On the contrary, high error rates, lack of international standards, and privacy issues are some of the key factors hindering market growth over the forecast period.
The Global Facial Recognition Market report provides data tables and includes charts and graphs for visual analysis.
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Market Segmentation
Market by Technology
- 2D Facial Recognition
- 3D Facial Recognition
- Facial Analytics
Market by End-User
- Retail
- Healthcare
- Security and Law Enforcement
- Other End-Users
Report Highlights
– The report provides a detailed analysis of the current and future market trends, to identify the investment opportunities
– Market forecasts till 2028, using estimated market values as the base numbers
– Key market trends across the business segments, regions and countries
– Key developments and strategies observed in the market
– Market dynamics such as drivers, restraints, opportunities and other trends
– In-depth company profiles of key players and upcoming prominent players
– Growth prospects among the emerging nations through 2028
Companies Profiled
- PANASONIC CORPORATION
- ANIMETRICS INC.
- AWARE INC.
- CROSSMATCH
- FUJITSU
- GEMALTO NV (THALES GROUP)
- COGNITEC SYSTEMS GMBH
- FACEFIRST, INC.
- 3M
- AYONIX CORPORATION
- NEC CORPORATION
- IDEMIA FRANCE SAS
- DAON INC.
- FACEPHI BIOMETRIC SA
- NUANCE COMMUNICATIONS INC.
Related Reports
GLOBAL VIDEO ANALYTICS MARKET – Global video analytics market is estimated to grow at a CAGR of 20.61%.
GLOBAL IMAGE RECOGNITION MARKET – Global image recognition market is growing at a CAGR of 21% during the forecasted period.
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