Facial Recognition Market to display unparalleled growth over 2022-2030

by Kapil Desai
Posted: Dec 15, 2022

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. This 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

The research report on the Global Facial Recognition Market is formulated with insightful data that will help the established companies and new entrants to analyze the business trends and capitalize on investment strategies. The Facial Recognition Market is analyzed with an aim to provide assistance to the readers to gain maximum returns on the investment and to enable an informed decision-making process.

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This comprehensive study provides various aspects of business such as important definition, end use and total revenue generated across various regions. Besides this, researchers behind this study put in vigilant and persistent effort to keep a proximate attention on top performers of Facial Recognition Market industry. Import and export, demand and supply, gross margin, supply chain management and distribution channel are the other aspects examined during the research.

Facial Recognition Market : Competitive Landscape

Rising strategic collaborations between significant players of the Facial Recognition Market is expanding the market scope and is one of the key business strategies adopted by the prominent players. Manufacturers and vendors in emerging countries are actively investing in the market to develop advanced technology, which is, in turn, expected to drive the growth of the market over the projected period.

Some major players in the market research report include, NEC Corporation, Cognitec Systems, Aware Inc., FaceFirst Inc., Safran SA, Panasonic Corporation, Gemalto NV, Key Lemon Ltd., Ayonix Corporation, Face++

Key market aspects studied in the report:

Market Scope: The report explains the scope of various commercial possibilities in the global Facial Recognition market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.

Competitive Outlook: The leading companies operating in the Facial Recognition market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.

Report Objective: The primary objective of this report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Facial Recognition market.

Competitive Terrain:

The global Facial Recognition industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

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The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry. It also covers strategies adopted by prominent players such as mergers and acquisitions, collaborations, joint ventures, product launches, and brand promotions, among others. The report aims to offer the readers a holistic understanding of the relevant features of the industry.

Key Benefits of the Report:

Comprehensive analysis of the competitive scenario and its changing dynamics

Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis

In-depth 8-year analysis of the Global Facial Recognition Market

Critical understanding of the key market segments

Comprehensive analysis of the drivers, restraints, trends, and opportunities

Detailed regional analysis and extensive company profiling

Extensive assessment of current and emerging trends of the market

Facial Recognition Market Reports inquiry and request for customization @ https://www.emergenresearch.com/request-for-customization/640

Segments Covered in this report are:

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

Facial Recognition Market Segmentation based on Regions:

North America (U.S., Canada, Mexico)

Europe (Germany, U.K., France, Italy, Spain, Benelux, Rest of Europe)

Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)

Latin America (Brazil, Rest of Latin America)

Middle East & Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East & Africa)

Explore the Full Index of this Research Report 2021

Table of Content

Chapter 1. Methodology & Sources

Chapter 2. Executive Summary

Chapter 3. Key Insights

Chapter 4. Facial Recognition Market Segmentation & Impact Analysis

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

Chapter 6. Facial Recognition Market By Protection Type Insights & Trends Revenue (USD Billion)

Chapter 7. Facial Recognition Market By Zone Insights & Trends Revenue (USD Billion)

Chapter 8. Facial Recognition Market By Application Insights & Trends Revenue (USD Billion)

Chapter 9. Facial Recognition Market By End-Use Insights & Trends Revenue (USD Billion)

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About Emergen Research

Emergen Research is a Market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer Market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.