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Global Facial Recognition Market

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Facial recognition is a computer application used in the identification or verification of individuals. It recognizes a person by comparing them to the stored facial database. It is a biometric tec – PowerPoint PPT presentation

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Title: Global Facial Recognition Market


1
Global Facial Recognition Market
  • Publish By
  • Accurize Market Research

2
Global Facial Recognition Market is Estimated to
Reach 17 Billion by 2025
  • Global facial recognition market report published
    by Accurize Market Research forecast that the
    global market is expected to reach 17 billion by
    2025 growing at a CAGR of 21.4 from 2017 to
    2025. By geography, Asia Pacific and North
    America are expected to grow at a CAGR of XX and
    XX, respectively, during the forecast period.
  • Request Sample https//www.accurizemarketresearch
    .com/report/facial-recognition-market/sample-reque
    st

3
Upsurgein the use of facial recognition
technologies in industries such as defense and
government across the globe to drive the growth
of the market
  • Upsurge in the use of facial recognition
    technologies in industries such as defense and
    government fuels the demand for the global facial
    recognition market. Moreover, rising demand for
    improved monitoring and surveillance at public
    places also boosts the growth of the market.

4
Market Segmentation
  • The global facial recognition market has been
    bifurcated on the basis of component, technology,
    application, and geography. The component type
    segment includes hardware and software.
    Technology segment is categorized as 2D facial
    recognition, 3D facial recognition, and facial
    analytics. Further, applications segment includes
    Homeland security, physical security, intelligent
    signage, criminal investigation, ID management,
    web application, business intelligence, photo
    indexing and sorting, and other application (VIP
    recognition, automotive and phone, PC banking
    login).
  • By geography the market is segmented into North
    America, Europe, Asia-Pacific and Rest of the
    World (RoW). The country wise analysis has been
    also covered under the scope of the report. North
    America covers the U.S., Canada, and Mexico
    wherein Europe covers UK, Germany, France, Italy,
    Russia, and Rest of Europe. China, Japan, India,
    South Korea, and Rest of Asia-Pacific are covered
    under the Asia-Pacific. Rest of the World (RoW)
    includes South America, Middle East, and Africa.

5
Software accounted for the largest market share
in the component segment", says Accurize
  • Bycomponent segment,software accounted for the
    largest market share in 2017, andis expected to
    grow with fastest CAGR in the component segment
    during the forecast period 2017 2025. Moreover,
    hardware dominated the component segment with
    largest market share in 2017.
  • 3D facial recognition accounted for the leading
    share in 2017, in the technology segment and is
    expected to continue its trend during the
    forecast period 2017 2025. The high growth is
    attributed to its high accuracy compared to 2D
    facial recognition in terms of recognizing facial
    features.

6
Homeland Security accounted for the largest
market share in the application segment", says
Accurize
  • By application segment, Homeland Security
    accounted for the largest market share in 2017,
    and In terms of growth, intelligent signage is
    likely to grow with fastest CAGR during the
    forecast period owing to its growing worries of
    security and use of marketing tactics to analyze
    the clients based on their gender, age, and other
    facial attributes.

7
North America dominated the global market with
the highest market share over the forecast
period", says Accurize
  • In 2017, North America generated the highest
    revenue accounting for 37 of the total market
    share. In terms of growth Asia-Pacific is
    expected to attain the fastest CAGR during the
    forecast period 2017 2025, owing to factors
    such as huge investments from the government
    sector toward security and surveillance
    infrastructure, increased public awareness, and
    mandatory regulations imposed by the government
    regulatory entities in the region.
  • Ask For Customized Report https//www.accurizemar
    ketresearch.com/report/facial-recognition-market/a
    sk-for-customization

8
Top players in the market
  • The key market players include 3M
  • Aware, Inc.
  • NEC Corporation
  • Cognitec Systems GmbH
  • Crossmatch
  • Nuance Communications Inc.
  • International Business Machines Corporation
    (IBM)
  • FaceFirst Inc.
  • Daon and
  • Animetrics Inc. among others.

9
Contact Us
  • Accurize Market Research Pvt. Ltd.
  • Email help_at_accurizemarketresearch.com
  • Contact No 1-339-368-6383
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