Facial Recognition Market Size, Share Analysis by Semi and Fully Automated Types, Forecasts by 2028

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Facial Recognition Market Size Worth USD 13.87
Billion in 2028
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Rapid deployment of biometric technology, video
surveillance, and advancements in technology such
as cloud-based systems are some major factors
driving market growth
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Our Model
Market Analysis
Financial Analysis
Distribution Channel Analysis
Brand Analysis
Custom Market Intelligence
Competitor Analysis
Product Analysis
Custom Research
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Demand Analysis
Risk Analysis
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Business Plan Parameters
End Use Analysis
Demand Availability Analytics
Market Entry Strategy
Restructuring Revival
New Product Strategy
Product Planning / Strategy
SWOT Analysis
Marketing / Distribution Channel Feasibility
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Customer Identification Survey
Competitive Landscape / MA Feasibility
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Industries We Cater to
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Market Summary
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. This steady 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 Increasingly stringent government
regulations regarding biometric identity and
proof of citizenship and rising deployment of
video surveillance to monitor criminal activities
are factor increasing investments by governments
in facial recognition solutions and systems.
Continuous improvements in technology such as
Artificial Intelligence and increasing deployment
of drone surveillance are some other factors
boosting market growth. However, high
implementation costs and lack of knowledge and
awareness about these solutions are some factors
restrain growth of the facial recognition market
to a certain extent. Read More
https//www.emergenresearch.com/industry-report/fa
cial-recognition-market
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Market Summary
Some Key Findings From the Report In March 2021,
NEC Corporation, which is a market leader in the
integration of IT and network technologies,
announced commence trial for Face Express, which
is a new boarding procedure for international
departure flights using facial recognition
technology at Narita International Airport (NRT),
Narita International Airport Corporation (NAA),
Tokyo International Airport (Haneda Airport,
HND), and Tokyo International Air Terminal
Corporation (TIAT). Utilization of facial
recognition consist of advanced biometric
authentication technologies, Bio-Idiom. Request
Free Sample https//www.emergenresearch.com/requ
est-sample/640 Identity management segment
revenue growth rate is projected to incline
rapidly during the forecast period. Increasing
concerns regarding safety of home-based systems
and rising number of cases of cyber-criminal
activity are factor boosting market
growth. Government segment accounted for largest
revenue share in the facial recognition market in
2020, Increasing deployment of biometrics to
establish identity of citizens and increasing
digitalization of documents are factors further
supporting market growth. Key players in the
market include 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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Market Summary

• Component Outlook (Revenue, USD Billion
  20182028)
• Hardware
• Software
• Technology Outlook (Revenue, USD Billion
  20182028)
• 2D Facial Recognition
• 3D Facial Recognition
• Facial Analytics
• Application Outlook (Revenue, USD Billion
  20182028)
• Physical Security
• ID Management
• Criminal Investigation
• Business Intelligence
• Photo Indexing and Sorting
• Request customization of the report _at_
  https//www.emergenresearch.com/request-for-custom
  ization/640

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Parameter Details
Market Size Estimation Period 2020-2028
Base Year Considered 2020
Historical Data 2017-2019
Forecast Period 2021-2028
Quantitative Units Revenue in USD million CAGR from 2020 to 2028
Segments Covered Types, Application, End-Users, Regions more.
Countries Included The U.S., Germany, U.K., Italy, China, India, Japan, Brazil
Report Coverage Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
Regions Scope North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Customization Scope 10 hours of free customization expert consultation
Pricing and Purchase Options Explore Different Purchase Options Request for Discount to Avail New Year Discount
MARKET SEGMENTATION
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Regional Share Dynamics
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