Facial Recognition Market size was valued at US$ 4.47 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 17.8% through 2022 to 2029, reaching nearly US$ 16.59 Bn.

Facial Recognition Market Overview :

Maximize Market research, has market research report on “Facial Recognition Market“. The report on Facial Recognition Market provides an in-depth analysis of the industry. Key highlights of the report include the market size and the growth rate. Insights of the report covers the drivers, restraints, challenges & opportunities for Facial Recognition market growth.

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Facial Recognition Market Report Scope and Research Methodology :

The analysis of the Facial Recognition market utilized both primary and secondary research methods. Primary research involved the direct collection of data from the market through surveys, interviews, and observations. Secondary research involved the collection of data from published sources, such as industry reports, company websites, and news articles.

Dedicated study of the rivalry in the industry is covered, which includes market leaders, followers, and new entrants. Extensive primary research was conducted to acquire information and verify and confirm the crucial numbers arrived at after comprehensive Facial Recognition market engineering and calculations for market statistics; market size estimations, market forecasts, market breakdown and data triangulation. The secondary data was collected from the company’s annual reports, articles, paid and free databases, etc. To estimate the regional and global Facial Recognition market size, the bottom-up approach was used.

Facial Recognition Market Regional Insights :

The report provides a comprehensive analysis of growth drivers, constraints, future prospects, and competitive landscape across all regions. The market is segmented by geography into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report also highlights the leading countries in each region along with their respective market projections.

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Facial Recognition Market Segmentation :

by Component

• Software Tools
• Sevices

by Technology

• ddleware
• Facial Recognition Software and Sdk
• Databases
• Analytics Solution
• Modeling and Restructuring

by Use Case

• Access Control
• Emotion Recognition
• Law Enforcement
• Attendance Tracking and Monitoring
• Others

This is due to the fact that an increasing number of companies are focusing on enhancing their access control systems. A producer of authentication solutions, Precise Biometrics, for instance, announced a new product upgrade in November 2021. The company claims that face recognition-based physical access control systems now include liveness detection capabilities. These developments have expanded the adoption of technology for access control systems, which has raised sales.

 by End-Use

• Enterprises
• Banking, Financial Services, and Insurance
• Healthcare
• Retail
• Government
• Homeland Security
• Military

An rising number of government and defence investments in implementing facial recognition technology for diverse tasks including border control and criminal identification are driving the use of face recognition technology products and services. Facial recognition is frequently used in airport immigration, attendance tracking, and surveillance since it simplifies identification and verification. As technology advances in several sectors drive companies to employ face recognition for faster manual processing and time savings, face recognition products and services are growing in popularity.

 

Facial Recognition Market Key Players :

  • • NEC
    • Aware
    • Ayonix
    • Keylemon
    • Cognitec Systems
    • Herta Security
    • Nviso
    • Techno Brain
    • Neurotechnology
    • 3M Company
    • Daon
    • Gemalto
    • Animetrics
    • Idemia
    • Others

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Key questions answered in the Facial Recognition Market are:

  • What is Facial Recognition?
  • What are the global trends in the Facial Recognition Market?
  • What was the Facial Recognition Total Market size in 2022?
  • What is expected Facial Recognition Market size by 2029?
  • Who held the largest market share in Facial Recognition Market?
  • Who are the leading companies and what are their portfolios in Facial Recognition Market?
  • What are the major challenges that the Facial Recognition Industry could face in the future?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2021)
  • Past Pricing and price curve by region (2018 to 2021)
  • Industrial Manipulator Market Size, Share, Size & Forecast by different segment | 2022−2029
  • Industrial Manipulator Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
  • Industrial Manipulator Market Segmentation – A detailed analysis by Type, Application and Region
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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