Facial Recognition Market Report 2020 by Top Key Vendors , Business Model , Future Growth Forecast to 2028

Facial Recognition Market Size – USD 4.29 Billion in 2020, Market Growth – at a CAGR of 15.7%

VANCOUER, BC, CANADA, October 25, 2021 /EINPresswire.com/ — 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.

It offers key details about the recent product launches, technological advancements, supply and demand ratio, and regulatory framework. The report also offers details about market size, market share, revenue growth, and CAGR during the forecast period of 2021-2028.

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global hyper-converged infrastructure market this is 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

Research Methodology

Data triangulation and market breakdown

Research assumptions Research data including primary and secondary data

Primary data includes breakdown of primaries and key industry insights

Secondary data includes key data from secondary sources

Scope of the report: Facial Recognition Market

The study draws a forecast of the growth of the Facial Recognition Market by evaluating the market size, share, demand, trends, and gross revenue of the industry. It also focuses on the positions of the major companies against the competitive landscape and their individual share in the global market. The report segments the industry based on product type, application and end-use. It highlights the recent trends and technological developments in the sector that will potentially influence the industry. The research offers a detailed outlook of the trends observed in the market, the contributing factors, major stakeholders, key companies and prime areas that exhibit a potential for growth.

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The report also offers key insights about top companies in the market along with a thorough SWOT analysis, Porter’s Five Forces analysis, and feasibility analysis to offer competitive edge to the readers. The report focuses on the recent trends, major challenges and opportunities, and limitations pertaining to the ongoing pandemic.

Interpretation prospect:

The study offers both quantitative and qualitative analysis of the global Facial Recognition Market . The data is garnered through stringent primary and secondary research and further validated and verified through industry veterans and experts. The Facial Recognition Market report begins with basic information about the market, such as definitions, applications, classifications, value chain analysis, among others, to facilitate a better understanding among the readers.

The report presents an extensive analysis of the leading players with regards to their business portfolio, product portfolio, market share and size, global reach and position, revenue share, gross profit margins, and production and manufacturing capacity. The key players in the market are adopting various strategies such as mergers and acquisitions, joint ventures, collaborations, partnerships, research and development investments and product launches to gain robust footing in the market and enhance their product base.

Key Companies in the Facial Recognition 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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Region wise performance of the Facial Recognition Market industry

North America Facial Recognition Market forecast is expected to remain significantly positive in terms of revenue share between 2020 and 2028. In addition, North America Facial Recognition Market revenue share is expected to remain comparatively larger than that of other regional markets from 2020 to 2028.

Asia Pacific registered fastest revenue CAGR in 2020, and the Facial Recognition Market forecast is that this trend is expected to continue going ahead. Market forecast states that revenue share contribution from China, India, and South Korea is expected to remain robust till 2028.

Europe Facial Recognition Market forecast is positive currently, with revenue growth expected to remain steady between 2020 and 2028. Robust focus on research and development initiatives by major firms and changing trends and demographics in countries in the region are some factors expected to continue to support Facial Recognition Market growth.

Our Free Sample Report Includes:

2020 Updated Report Introduction, Overview, and In-depth industry analysis

COVID-19 Pandemic Outbreak Impact Analysis Included

Research Report (Inclusion of Updated Research)

Provide Chapter-wise guidance on Request

2020 Updated Regional Analysis with Graphical Representation of Size, Share & Trends

Includes Updated List of table & figures

Emergen Research has segmented the global facial recognition market on the basis of component, technology, application, end use, and region:
Component Outlook (Revenue, USD Billion; 2018–2028)

Hardware

Software

Technology Outlook (Revenue, USD Billion; 2018–2028)

2D Facial Recognition

3D Facial Recognition

Facial Analytics

Application Outlook (Revenue, USD Billion; 2018–2028)

Physical Security

ID Management

Criminal Investigation

Business Intelligence

Photo Indexing and Sorting

End use Outlook (Revenue, USD Billion; 2018–2028)

BFSI

IT & Telecommunication

Healthcare

Government

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Here are the questions we answer…

What are the future opportunities in store for the vendors operating in the Facial Recognition Market ?

What are the market opportunities and risks affecting the performance of the vendors in the global Facial Recognition Market ?

What does the competitive landscape look like?

Which emerging technologies are believed to impact the Facial Recognition Market performance?

Who are the distributors, traders and dealers of this market?

What are the sales and revenue estimations for the top manufacturers in this market over the projected timeline?

Table of Content

Chapter 1. Methodology & Sources

1.1. Market Definition

1.2. Research Scope

1.3. Methodology

1.4. Research Sources

1.4.1. Primary

1.4.2. Secondary

1.4.3. Paid Sources

1.5. Market Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2018-2028

Chapter 3. Key Insights

Chapter 4. Facial Recognition Market Segmentation & Impact Analysis

4.1. Facial Recognition Market Material Segmentation Analysis

4.2. Industrial Outlook

4.2.1. Market indicators analysis

4.2.2. Market drivers analysis

4.2.2.1. Increasing biometric technology

4.2.2.2. Technological advancement such as cloud based services

4.2.2.3. Rising focus on personalization of data

4.2.3. Market restraints analysis

4.2.3.1. Lack of knowledge and awareness among consumer

4.2.3.2. High implementation cost

4.2.3.3. Present challenging economic conditions due to the pandemic

4.3. Technological Insights

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.6. Competitive Metric Space Analysis

4.7. Price trend Analysis

4.8. Covid-19 Impact Analysis

Chapter 5. Facial Recognition Market By Component Insights & Trends, Revenue (USD Billion) Continued …

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Eric Lee
Emergen Research
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sales@emergenresearch.com
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