Facial Recognition Market By Technology Outlook (2D, 3D, and Facial Analytics), By Application Outlook (Emotion Recognition, Attendance Tracking and Monitoring, Access Control, Security & Surveillance, and Others), By End-use Outlook (Retail & E-commerce, Media & Entertainment, BFSI, Automobile & Transportation, Telecom & IT, Government, Healthcare, and Others) By End User (Residential, Commercial, and Industrial) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East and America – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data and Forecasts 2022 – 2030

Report Code : BII 950 Jan-2022 Information & Technology Format : PDF Pages : 212

     



Facial Recognition Market Overview

Facial recognition alludes to a biometric innovation for recognizing faces and checking the personality of a person. Facial recognition programming and frameworks utilize profound learning calculations to catch, investigate and look at designs, live catches or advanced pictures to the put away face print vault to check the personality. It takes out the requirement for actual contact for confirmation, can be incorporated with existing security framework and offers a better degree of safety. It likewise empowers quicker information handling and works with mechanized validation.

Therefore, facial recognition finds broad applications for country security, criminal examinations character the board, astute signage and photograph ordering and arranging. The rising rates of cyberattacks, psychological oppressor exercises and personality robberies across the globe are one of the key elements driving the development of the market. Besides, the boundless use of brilliant observation frameworks, for example, multifaceted verification frameworks, is animating the market development. Facial recognition gives significant level security to public and private associations through precise distinguishing proof of people for access control.

Market Size

According to Business Intelligence Insights “Facial Recognition Market" is expected to grow from USD 3,919.50 million in 2021 to USD 13576.04 million by 2030, at a CAGR of 16.80% during the forecast period 2022-2030


Covid -19 Impact Analysis

The market for facial recognition has filled fundamentally as of late; be that as it may, attributable to the episode of the COVID-19 pandemic, the market encountered an abrupt blast in 2020. This is ascribed to state run administrations carrying out lockdowns across all the major nations. Following the recuperation from the COVID-19 pandemic, the facial recognition industry is estimated to witness substantial growth. Besides, the worldwide facial recognition market is impacted by a few industry patterns as of now, including the utilization of multi-sensor cameras and expanding concerns connected with online protection, IoT video investigation and man-made reasoning, and distributed computing.

Market Dynamics

•    Drivers

o    Increasing investments in facial recognition technologies by government and defense sectors
o    Growing adoption of cloud-based technology

•    Restraints

o    Difficulty in countering legal risks and eDiscovery
 

Segmentation Insights


By End-User :

In end use outlook category, the government category projected to witness the fastest growth

The developing number of government and guard interests in carrying out facial recognition innovation for different exercises, for example, line control and criminal recognizable proof, are driving the adoption of the facial recognition technology in the government sector. Facial recognition facilitates the course of ID and confirmation; consequently it is being taken on broadly for migration at air terminals and participation following and observing. The rising innovative headways across areas are empowering endeavors to embrace facial recognition devices and administrations for simpler manual handling and efficient.

By Technology:

In application outlook category the automated security and surveillance dominated the market with more than 28% of the market share

The security and surveillance segment should record a basic ascent over the measure time span as a result of the extended gathering of facial affirmation advancement in security and perception systems to have its execution in high-security areas. For instance, policing are using reconnaissance structures to find missing children or to uncover criminals' appearances. Moreover, business visionaries slant toward presenting facial recognition based security systems to screen people and recognize their appearances when they appear at their stores.

By Technology Outlook:
•    2D 
•    3D 
•    Facial Analytics

By Application Outlook:
•    Emotion Recognition 
•    Attendance Tracking and Monitoring 
•    Access Control 
•    Security & Surveillance
•     Others

By End-use Outlook:
•    Retail & E-commerce 
•    Media & Entertainment 
•    BFSI 
•    Automobile & Transportation 
•    Telecom & IT 
•    Government 
•    Healthcare 
•    Others

By Region:
•    North America

o    U.S.
o    Canada
•    Europe
o    Germany
o    U.K.
o    France
o    Italy
o    Spain
o    Rest of Europe
•    Asia Pacific
o    China
o    India
o    Japan
o    Rest of Asia Pacific
•    Latin America
o    Brazil
o    Mexico
o    Rest of Latin America
•    Middle East and Africa
o    UAE
o    South Africa
o    Rest of Middle East and Africa (MEA)

Key Players

•    Aware, Inc.; 
•    FacePhi.; 
•    NEC Corporation; 
•    IDEMIA; 
•    TECH5 SA; 
•    Onfido; 
•    Ayonix Corporation; 
•    Gemalto NV; 
•    Cognitec Systems GmbH; 
•    Fujitsu

Regional Insights

World map title will be here...

North America dominated the market with more than 33% of the market share

North America rules the facial recognition market and its piece of the pie will keep on extending during the conjecture time frame attributable to the rising reception of cutting edge and associated advances by the undertakings combined with rising infrastructural development of the observation business around here. Asia-Pacific then again will project the most elevated development rate during the forecast period. This is a direct result of fast innovative progressions in the field of data innovation and expanding infiltration of PDA and other customer strong items and rising digitization of arising economies.

Table

Report Attributes
Details
Market Size Value in 2021 USD 3,919.50 million
Market Size Value in 2030 USD 13576.04 million
Growth Rate +16.80%
Base Year 2021
Forecast Period 2022-2030
Historical Data 2018-2020
Forecast Units USD million
Countries Covered North America: U.S., Canada, Europe: Germany, U.K., France, Italy, Spain, Rest of Europe. Asia Pacific: China, India, Japan, Rest of Asia Pacific. Latin America: Brazil, Mexico, Rest of Latin America. Middle East and Africa: UAE, South Africa, Rest of Middle East and Africa (MEA)
Segments Covered By Technology Outlook, By Application Outlook, By End-use Outlook, By Region
Competitive landscape Leading companies, Competitive strategies and Consumer engagement scope
Customization is available If our report does not contain the information you require, you can contact our experts to have segments created for you. Please contact us at sales@businessintelligence-insights.com if you have any questions

 

Frequently Asked Questions (FAQ):

The Facial Recognition Market is predicted to grow at a 16.80% CAGR between 2022-2030.

According to Business Intelligence Insights “Facial Recognition Market" is expected to grow from USD 3,919.50 million in 2021 to USD 13576.04 million by 2030, at a CAGR of 16.80% during the forecast period 2022-2030

The automated security and surveillance dominated the market with more than 28% of the market share

North America dominated the market with more than 33% of the market share.

Key competitors in the Electric Vehicle Charging Infrastructure Market include Aware, Inc., FacePhi., NEC Corporation, IDEMIA, TECH5 SA, Onfido, Ayonix Corporation, Gemalto NV, Cognitec Systems GmbH & Fujitsu
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