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.
The latest market intelligence report on the Facial Recognition Market aims at exploring the unknown and coming up with solutions to the potential threats and challenges faced by the Facial Recognition Market for the forecast period, 2020 – 2028 The report considers COVID-19 as a key contributor to the dynamically altered market scenario. The report also covers changing trends and market dynamics due to the pandemic and provides an accurate impact analysis of the crisis on the overall market.
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global Facial Recognition 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
Report Scope:
The report provides a holistic overview of the market with an in-depth examination of the key aspects of the industry including factors driving the growth of the industry, regulatory framework, technological and product advancements, and lucrative growth prospects. The report studies the Facial Recognition Market according to the impact of the pandemic and offers a present and future impact assessment. Moreover, the report also covers analysis of the factors affecting the supply and demand dynamics of the Facial Recognition Market .
Top key players :
NEC Corporation, Cognitec Systems, Aware Inc., FaceFirst Inc., Safran SA, Panasonic Corporation, Gemalto NV, Key Lemon Ltd., Ayonix Corporation, and Face++.
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Radical Highlights of the Facial Recognition Market Report:
Comprehensive overview of the Facial Recognition Market along with analysis of the changing dynamics of the market
Growth Assessment of various market segments throughout the forecast period
Regional and global analysis of the market players, including their market share and global position
Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
Impact of the technological developments and R&D advancements on the Facial Recognition Market
Information about profit-making strategies and developmental strategies of major companies and manufacturers
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Our Free Sample Report Includes:
Updated Report Introduction, Overview, and In-depth industry analysis
COVID-19 Pandemic Outbreak Impact Analysis Included
Provide Chapter-wise guidance on Request
Updated Regional Analysis with Graphical Representation of Size, Share & Trends
Includes Updated List of table & figures
Key Questions Answered in This Report:
How has the global Facial Recognition Market performed so far and how will it perform in the coming years?
What are the key regional markets?
What has been the impact of COVID-19 on the global Facial Recognition Market ?
What is the breakup of the market based on the technology?
What is the breakup of the market based on the component?
What is the breakup of the market based on the wavelength?
What is the breakup of the market based on the application?
What is the breakup of the market based on the vertical?
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Segmentation :
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
Regional Analysis Covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2028
Chapter 3. Key Insights
Chapter 4. Facial Recognition Market Segmentation & Impact Analysis
4.1. Facial Recognition Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increasing biometric technology
4.2.2.2. Technological advancement such as cloud based services
4.2.2.3. Rising focus on personalization of data
4.2.3. Market restraints analysis
4.2.3.1. Lack of knowledge and awareness among consumer
4.2.3.2. High implementation cost
4.2.3.3. Present challenging economic conditions due to the pandemic
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Facial Recognition Market By Component Insights & Trends, Revenue (USD Billion)Continued ….
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.
