Global Facial Recognition Market Size, Trends & Growth Opportunity, By Technology (2D , 3D and Facial Analytics), By Application (Access Control and security & surveillance), Region and Forecast till 2027
Report ID : QR1001241 | Industries : Information and Communication Technology | Published On :October 2021 | Page Count : 246Global Facial Recognition Market
Facial recognition is defined as a method of confirming/identifying a person's character utilizing their face. This system can be utilized to distinguish individuals in photographs, recordings/ in real-time. Facial recognition is a classification of biometric security.
Various types of biometric software incorporate voice recognition, fingerprint recognition, and eye retina or iris recognition. The innovation is generally used for security & law authorization; however, there is an expanding interest in different spaces of utilization. Facial recognition system frameworks make use of computer algorithms to choose out explicit, one of kind details a couple of individuals' faces.
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Market Drivers
The increase in investments in facial recognition technologies by government and defense sectors. Governments across the planet are finance a big quantity of their resources within the adoption of face recognition technologies, among that the USA and China is thought of because the leading adopters. China is taken into account jointly of the foremost adopters and exporters of face recognition tools. the govt. within the country adopted police work technologies, that is one in every of the most reasons for the expansion of the face recognition market within the region.
Market Restraints
Difficulty in countering legal risks and eDiscovery can propel the market. Facial recognition technology is employed across business verticals starting from aid and retail to government and defense. Federal and police departments conjointly use automatic face recognition technologies to catch suspected criminals in several cases.
Market Segmentation
Globally market is segmented into Technology outlook and Application outlook. Technology outlook is classified into 2D, 3D and Facial Analytics. The 3D segment led the facial recognition market in 2020, accounting for over 36% share of the global revenue. The advent of advanced technologies such as cloud-based solutions & facial analytics is expected to fuel the market growth. 3D recognition systems are preferred over 2D systems in high-security spaces, such as airports Whereas Application outlook is classified into Access Control and security & surveillance. The security & surveillance segment is expected to record significant CAGR over the forecast period due to the increase adoption of facial recognition technology in security and surveillance systems to have its implementation in high-security areas. The access control segment led the market in 2020, accounting for over 37 percent share of the global revenue. This is due to a rising number of companies focusing on enhancing their access control systems.
Regional Analysis
Globally, facial recognition market can be segmented into North America, Europe, Asia Pacific (APAC), Middle East and Africa, Latin America. APAC region to grow with fastest growing CAGR during the forecast period. APAC includes big as well as developing economies, like China, Japan, India. The increasing number of investments in security & surveillance, due to high criminal activities, leads to increased public awareness. Since long, China has used facial recognition technology & built a giant database for facial identification of its population of more than 1.3 billion.
Key Players
The global facial recognition market is largely dominated by a hand-full of companies which are Aware, Inc.; FacePhi.; NEC Corporation; IDEMIA; TECH5 SA; Onfido; Ayonix Corporation; Gemalto NV; Cognitec Systems GmbH; Fujitsu.
Industry development
In August 2020, Microsoft Azure had updated its facial recognition solution. Microsoft’s Azure supports a hybrid architecture that empowers businesses so that they can control their data & provide flexibility and cost savings for running workloads & applications.
Global Facial Recognition Market Segmentation
Technology Segment
- 2D
- 3D
- Facial Analytics
Application Segment
- Access Control
- Security & Surveillance
By region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Key Questions Addressed by the Report?
- What does facial recognition means?
- What are the top trends that are impacting facial recognition market?
- What are the major drivers of the facial recognition market?
Global Facial Recognition Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Facial Recognition Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
5 Global Facial Recognition Market, By Technology
5.1 Y-o-Y Growth Comparison, By Technology
5.2 Global Facial Recognition Market Share Analysis, By Technology
5.3 Global Facial Recognition Market Size and Forecast, By Technology
5.3.1. 2D
5.3.2. 3D
5.3.3 Facial analytics
6 Global Facial Recognition Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Facial Recognition Market Share Analysis, By Application
6.3 Global Facial Recognition Market Size and Forecast, By Application
6.3.1 Access Control
6.3.2 Security & Surveillance
7. Global Facial Recognition Market, By Region
7.1 Global Facial Recognition Market Share Analysis, By region
7.2 Global Facial Recognition Market Share Analysis, By Region
7.3 Global Facial Recognition Market Size and Forecast, By Region
8. North America Facial Recognition Market Analysis and Forecast (2021- 2027)
8.1 Introduction Market Share Analysis, By Region
8.2 North America Facial Recognition Market Share Analysis, By Technology
8.3 North America Facial Recognition Market Size and Forecast, By Application
9.5 North America Facial Recognition Market Size and Forecast, By Country
8.5.1 U.S.
8.5.2 Canada
8.5.3 Mexico
9. Europe Facial Recognition Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 Europe Facial Recognition Market Share Analysis, By Technology
9.3 Europe Facial Recognition Market Size and Forecast, By Application
9.5 Europe Facial Recognition Market Size and Forecast, By Country
9.5.1 Germany
9.5.2 France
9.5.3 UK
9.54. Rest of Europe
10. Asia Pacific Facial Recognition Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Asia Pacific Facial Recognition Market Share Analysis, By Technology
10.3 Asia Pacific Facial Recognition Market Size and Forecast, By Application
10.5 Asia Pacific Facial Recognition Market Size and Forecast, By Country
10.5.1 China
10.5.2 Japan
10.5.3 India
10.5.4. Rest of Asia Pacific
11. Latin America Facial Recognition Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Latin America Facial Recognition Market Share Analysis, By Technology
11.3 Latin America Facial Recognition Market Size and Forecast, By Application
11.5 Latin America Facial Recognition Market Size and Forecast, Country
11.5.1. Brazil
11.5.2. Rest of Latin America
12. Middle East Meal Kit Delivery Services Market Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Middle East Facial Recognition Market Share Analysis, By Technology
12.3 Middle East Facial Recognition Market Size and Forecast, By Application
12.5 Middle East Facial Recognition Market Size and Forecast, By Country
12.5.1. Saudi Arabia
12.5.2. UAE
12.5.3. Egypt
12.5.4 Kuwait
12.5.5. South Africa
13 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
14 Company Profiles
14.1 Aware, Inc.
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2. FacePhi
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. NEC Corporation
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 IDEMIA
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 TECH5 SA
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Onfido
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Ayonix Corporation
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Gemalto NV
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Cognitec Systems GmbH
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Fujitsu
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
15.11.6 Key Strategies
15.12.6 Key Strategies