Global Facial Recognition Market Research Report by Forecast to 2022

Global Facial Recognition Market Research Report by Forecast to 2022

Global Facial Recognition Market Research Report by Forecast to 2022

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Global Facial Recognition Market Research Report by Forecast to 2022

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Global Facial Recognition Market Research Report by Forecast to 2022

Summary

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Global Facial Recognition Market Research Report by Forecast to 2022

Facial recognition in the true sense is popping up just everywhere no wonder it has resulted in the mushrooming demand for the global facial recognition market which is expected to touch a robust 19.68% CAGR during the predicted years (2016-2022). It is a means to recognize the human face with the help of technology. In fact, facial recognition has taken the world by storm and doing amazing things with regards to security. Right from retail establishments to airports, this technology is taking the experience of employees and customers to new heights. Some of its unique advantages include touch-less scan, ability of capturing from a distance, non-invasiveness and higher universality compared to fingerprints as well as other biometric identifiers.

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Global Facial Recognition Market Research Report by Forecast to 2022

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Global Facial Recognition Market Research Report by Forecast to 2022

Major Key Players: •

Safran SA (France)

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NEC Corporation (Japan)

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Cognitec Systems (Germany)

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Aware Inc. (U.S)

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Daon Inc. (U.S.)

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Gemalto (Netherlands)

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FaceFirst Inc. (U.S.)

Segmentation: •

Based on technology, it is segmented into thermal recognition, 3D recognition and 2D recognition. Of these, the 3D recognition segment has the largest market share owing to 3D recognition systems higher accuracy and 3D technology advancements.

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Based on hardware and software, the facial recognition market is segmented into software and analytics. Of these, the software segment is predicted to have maximum market share owing to increasing need of companies for saving resources from any unauthorized access and rising data breaches.

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Based on verticals, it is segmented into home security, airports, government, large organization and others. Of these, the government vertical is predicted to have maximum market share touching the highest CAGR over the predicted years.

Regional Analysis: Based on region, the facial recognition market covers growth opportunities and latest trends across North America, Europe, Asia Pacific and the Middle East and Africa. Of these, North America heads the

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Global Facial Recognition Market Research Report by Forecast to 2022 facial recognition market due to prompt adoption of the facial recognition technology in different sectors both non-government and government and rising utilization of electronic devices which comes with this technology by people present in this region.

In Europe, the facial recognition market is projecting a noteworthy growth owing to brisk technological developments and extensive pool of players in this region. In the APAC region the facial recognition market is showing the fastest growth owing to the rising development for 3D technology development coupled with higher adoption of the facial recognition systems especially for the region’s security purposes. In the Middle East and African region, the market is seeing a steady growth owing to minimal penetration of technological advancements in the region’s remote and underdeveloped areas.

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Global Facial Recognition Market Research Report by Forecast to 2022

share by application.

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