Growth of Facial Recognition Market are scheduled to accelerate at a high CAGR of 17% to reach a value of USD 13 billion by 2028 during Forecast Period from 2019 to 2028.
Facial Recognition Market Overview
Rapid development of the IT sector positively effects the market as novel solutions are launched by the key industry players. Strategic moves and developments such as partnerships, agreements, collaborations, and mergers provides a competitive edge to the Facial Recognition market.
The global Facial Recognition market is segmented created on component, deployment model, organization size, industry vertical, and geography.
However, high dependency on the internet and the concerns for cloud security restrain the Facial Recognition market growth in the market. Moreover, the rising adoption of cloud-based services by small and medium enterprises across the world is likely to deliver beneficial opportunities for the market to grow.
To allow the next wave of growth, technology companies should rededicate their efforts to improving transparency, agility, collaboration, sustainability, and digital innovation. Involving demand estimation, new product development and entry strategies, marketing and distribution strategies in the high-risk arena of new enlargements by helping you identify unmet needs.
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Facial Recognition Market Players
Following are the major Companies of Market - FacePhi, Aware, NEC Corporation, TECH5, IDEMIA, Gemalto NV, Ayonix Corporation, and Cognitec Systems GmbH and others
Market Segmentation:
Facial Recognition Market by Technology Segment, 2019-2028, (in USD million)
3 D Facial Recognition
2 D Facial Recognition
Facial Analytics
Facial Recognition Market by Application Segment, 2019-2028, (in USD million)
Emotion Recognition
Attendance Tracking and Monitoring
Access Control
Security & Surveillance
Facial Recognition Market by End-Use Industry Segment, 2019-2028, (in USD million)
Law Enforcement
Health Care
Retail
Other End Users
Key geographies evaluated in this report are:
- North America
- S
- Canada
- Europe
- France, Germany, Italy, Spain, and the UK
- Eastern Europe
- CIS
- APAC
- China
- India
- Japan
- Australia
- Others
- Latin America
- Argentina
- Brazil
- Others
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Table of Content
- Introduction
- Research Methodology
- Executive Summary
- Market Insights
- Market Dynamics
- Technology Overview
- Facial Recognition- Market segmentation
- Key Vendor Profiles
- Investment Analysis
- Future of the Global Cloud Collaboration Market
Reasons to Purchase this Report:
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors.
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
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