Global Facial Recognition Market Size is estimated to expand rapidly in coming years, at a CAGR of 17.58 % from 2018 to 2025. In 2017, the global market valuation was USD 3.5 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. A facial recognition system is a technology which is capable of identifying or verifying a person from a digital image or from an image source. Facial recognition system works by comparing selected facial features from given image with matching faces in the database. Facial recognition system has wider uses in artificial intelligence, security services and even in robotics. In recent years, it has also become popular as a commercial identification, marketing tool as well as advanced human-computer interaction, and video surveillance. Facial recognition market is expected to witness high growth during the forecast period owing to its increasing usage in both law enforcement and non-law enforcement applications. Geographically, North America is expected to be the highest growing region in the global market of facial recognition.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global facial recognition market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global facial recognition market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Segment Analysis

By Component Insights: On the basis of component, the global facial recognition market has been segmented into software, tools, and services. Among which services segment is expected to be the highest growing segment in the global market of facial recognition. Services are mostly used in areas such as governments, homeland security, military, retail, healthcare, and in many other industries.

By Application Area Insights: On the basis of application area, global facial recognition market has been segmented into financial services, emotion recognition, attendance tracking and monitoring, access control, law enforcement. Among which financial segment is expected to be the highest growing segment in the global market of facial recognition. Financial services segment uses facial recognition technology for transaction authentication, to know customers account history and for the validation of documents.

Regional Analysis

The global facial recognition market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. In terms of region North America is expected to witness high growth in upcoming time span due to high demand high level security from public and private sector. Increasing use of surveillance cameras in public places, facial biometric systems in companies and government organizations are the key reason behind market growth of global facial recognition systems. Asia Pacific region is expected to witness high growth in the market in upcoming time period. The important which is driving the growth of the market was the increasing demand for advanced security & surveillance systems in civil and government agencies to enhance safety and security. Moreover, the government is insisting to install facial recognition system at public places such as companies, hospitals, schools and tourist places to keep an eye on suspicious activities. Europe is anticipated to dominate the global facial recognition market over the projected period majorly owing to high demand of security services, better technological connectivity and rising concern of security.

Global Facial Recognition Market Size, Share Analysis By Region 2017

Global Facial Recognition Market Study Objective

1. To forecast the market size of facial recognition market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of facial recognition market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have a major impact on the growth of facial recognition market, such as drivers, restraints, challenges, and opportunities.

4. The regional analysis of facial recognition market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.

5. Strategic analysis of micro markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.

6. To provide detailed analysis of competitive and strategic developments in the facial recognition market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions

Key Players Landscape

NEC, Aware, Gemalto, Ayonix Face Technologies, Cognitec Systems GmbH, NVISO SA, Daon, StereoVision Imaging, Techno Brain, Neurotechnology, Innovatrics, id3 Technologies, IDEMIA, Animetrics, and MEGVII. are some of the key players in the market of facial recognition.

Global Facial Recognition Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.