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The facial recognition market is forecasted to grow by USD 11.81 billion during 2023-2028, accelerating at a CAGR of 22.2% during the forecast period. The report on the facial recognition market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing instances of identity threats, rising popularity of facial recognition, and adoption of 3d facial recognition technology.
The facial recognition market is segmented as below:
By Application
- Identification
- Verification
By Technology
- 3D
- 2D
- Facial analytics
By End-user
- Media & entertainment
- BFSI
- Automobile & transportation
- Others
By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
The report on the facial recognition market covers the following areas:
- Facial Recognition Market sizing
- Facial Recognition Market forecast
- Facial Recognition Market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Technology
8 Market Segmentation by End-user
9 Customer Landscape
10 Geographic Landscape
11 Drivers, Challenges, and Opportunity/Restraints
12 Competitive Landscape
13 Competitive Analysis
14 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global facial recognition market: Amazon.com Inc., ASSA ABLOY AB, Aware Inc., Ayonix Pty Ltd., Cognitec Systems GmbH, Daon Inc., Facebanx, FaceFirst Inc., Fujitsu Ltd., IDEMIA France SAS, Ipsidy Inc., Luxand Inc., Microsoft Corp., NEC Corp., Precise Biometrics AB, Safran SA, Suprema Inc., Synaptics Inc., Thales Group, and Veridium IP Ltd..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is technological advances and emergence of facial analytics."
According to the report, one of the major drivers for this market is the increasing instances of identity threats.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Amazon.com Inc.
- ASSA ABLOY AB
- Aware Inc.
- Ayonix Pty Ltd.
- Cognitec Systems GmbH
- Daon Inc.
- Facebanx
- FaceFirst Inc.
- Fujitsu Ltd.
- IDEMIA France SAS
- Ipsidy Inc.
- Luxand Inc.
- Microsoft Corp.
- NEC Corp.
- Precise Biometrics AB
- Safran SA
- Suprema Inc.
- Synaptics Inc.
- Thales Group
- Veridium IP Ltd.
