Facial Recognition Market Potential Effect on Upcoming Future Growth, Competitive Analysis and Forecast 2029


Posted May 26, 2023 by NilamMMR

Facial Recognition Market size was valued at US$ 4.47 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 17.8% through 2022 to 2029, reaching nearly US$ 16.59 Bn.

 
Facial Recognition Market Overview :

The market overview of the Facial Recognition Market industry focuses on the detailed dynamics of the market, including aspects such as industry rivalry. The report provides comprehensive market revenue forecasts at the global, regional, segment, and national levels.

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Facial Recognition Market Report Scope and Research Methodology :

The research methodology employed in the report on the Facial Recognition market incorporates both primary and secondary research methods. Primary research involves data collection directly from the market via surveys, interviews, and observations. In contrast, secondary research entails gathering data from published sources, such as industry reports, company websites, and news articles.

The analysis provided in the report serves as a guide for stakeholders, investors, market players, and followers, as well as new entrants, by providing them with an overall view of the Facial Recognition market for formulating investment approaches and marketing tactics. The report utilizes a bottom-up approach to estimate the size of the Facial Recognition market, which involves aggregating data from individual segments to arrive at a total market size estimate.

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Facial Recognition Market Regional Insights :

The market is segmented by region into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Additionally, the report identifies the top countries in each region and provides market forecasts for each one.

Segmentation :

This is due to the fact that an increasing number of companies are focusing on enhancing their access control systems. A producer of authentication solutions, Precise Biometrics, for instance, announced a new product upgrade in November 2021. The company claims that face recognition-based physical access control systems now include liveness detection capabilities. These developments have expanded the adoption of technology for access control systems, which has raised sales.

An rising number of government and defence investments in implementing facial recognition technology for diverse tasks including border control and criminal identification are driving the use of face recognition technology products and services. Facial recognition is frequently used in airport immigration, attendance tracking, and surveillance since it simplifies identification and verification. As technology advances in several sectors drive companies to employ face recognition for faster manual processing and time savings, face recognition products and services are growing in popularity.

By examining market segments and projecting market size, the reports also aid in understanding the dynamics and organisational structure of the global facial recognition market. The research is an investor's guide because it provides a clear competitive analysis of the major companies by Product Type, Price, Financial Position, Product Portfolio, Growth Strategies, and Regional Presence in the Global Facial Recognition Market.

Key Players :

• NEC
• Aware
• Ayonix
• Keylemon
• Cognitec Systems
• Herta Security
• Nviso
• Techno Brain
• Neurotechnology
• 3M Company
• Daon
• Gemalto
• Animetrics
• Idemia
• Others

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Key questions answered in the Facial Recognition Market are:

What is Facial Recognition?
What are the factors driving the Facial Recognition Market growth?
What are the factors are limiting the Facial Recognition Market growth?
What was the Facial Recognition market size in 2021?
Which trends are expected to generate additional revenue for the Facial Recognition market growth?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Facial Recognition Market?
What growth strategies are the players considering to increase their foothold in the Facial Recognition Market?
Who held the largest market share in the Facial Recognition Market?
Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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Issued By MMR
Country India
Categories Internet
Tags facial recognition market trend , facial recognition market size , facial recognition market growth
Last Updated May 26, 2023