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Facial Recognition Market Size, Recent Trends and Regional Growth Forecast

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Mark Smith
Apr 29, 2021 11:43
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According to IMARC Group latest report titled” Facial Recognition Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market is currently witnessing strong growth. The global facial recognition market to exhibit moderate growth during the next five years.

Market Trends:

Facial recognition stands for biometric technology used for verifying the identity of an individual. This technology uses extensive learning algorithms to capture, examine and compare live captures/digital images and patterns with the stored faceprint repository for identification. Facial recognition eliminates the need for physical contact for verification, can be integrated with existing security infrastructure. It also offers an improved security level, enhanced data processing and facilitates automated authentication. As a result, facial recognition finds widespread applications for homeland security, identity management, criminal investigations, intelligent signage, and photo indexing and sorting.

Get a sample copy of this Report: https://www.imarcgroup.com/facial-recognition-market/requestsample

The global facial recognition market is primarily driven by growing incidences of cyberattacks, terrorist activities, and identity thefts. Furthermore, the increasing adoption of facial recognition across the corporate and commercial sectors to facilitate accurate identification of individuals is also bolstering the market growth. These systems are also utilized in the healthcare sector to replace passwords and provide healthcare providers quick access to their medical records. Additionally, with the sudden outbreak of the coronavirus infection, there is a rapid shift from fingerprint-based biometrics towards facial recognition systems to mitigate the risk of disease transmission. In the coming years, the rising integration of facial recognition solutions with drones, cloud-based surveillance systems, and mobile security devices is further expected to drive the global market.

Competitive Landscape with Key players:

The report has also analysed the competitive landscape of the market with some of the key players being.

  • 3M Company
  • Animetrics Inc.
  • Aware Inc.
  • Ayonix Corp­oration
  • Cognitec Systems GmbH
  • Daon Inc.
  • FaceFirst Inc.
  • FacePhi Biometria
  • IDEMIA (Advent International)
  • NEC Corporation
  • Safran Group
  • Thales Group

View Full Report with TOC & List of Figure: https://www.imarcgroup.com/facial-recognition-market

Facial Recognition Market Segmentation:

Our report has categorized the market based on Region, Component, Technology, Application and End Use Industry.

Market Breakup by Component:

  • Software
  • Services

Market Breakup by Technology:

  • 2D Facial Recognition
  • 3D Facial Recognition
  • Facial Analytics

Market Breakup by Application:

  • Emotion Recognition
  • Attendance Tracking and Monitoring
  • Access Control
  • Security and Surveillance
  • Others

Market Breakup by End Use Industry:

  • Retail and E-commerce
  • BFSI
  • Government and Defense
  • Automotive and Transportation
  • Media and Entertainment
  • Healthcare
  • Telecom and IT
  • Others

Market Breakup by Region:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East and Africa

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

We are updating our reports, If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Competitive landscape, etc. Click request free sample report, the report will be delivered to you in PDF format via email within 24 to 48 hours after the payment confirmation.

 

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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