Skip to main content

Global Facial Recognition Market to Grow at a CAGR of 14.0% (2016-2024)

According to Goldstein Research, global facial recognition market is expected to reach USD 9.75 billion by 2024, growing at a CAGR of 14.0% over the forecast period 2016-2024. The growing demand of surveillance and security system majorly from the civil government sectors on the back of rising criminal cases is driving the growth of global facial recognition market. Global facial recognition market segmentation has been done on the basis of the component, technology, application, end user and geography. Government sector accounted for largest market share for the application of facial recognition system. It is followed by enterprise sector, witnessing the increasing installation of facial recognition system for tracking and monitoring purpose. Global facial recognition market is largely dominated by North America with 45.5% market share in 2016 on the back of improving criminal investigation. Further, Asia-Pacific region is expected to grow at a CAGR of 14.6% over the forecast period.

Market Segmentation

On the basis of our in-depth analysis, Global Facial Recognition Market can be segmented as follows:

By Component

o   Software
o   Hardware
§  Scanners
§  Cameras
§  Handheld Device
§  Integrated Device
Services
§  Training & Consulting Service
§  Cloud Based Facial Recognition Services

By Technology

o   Facial recognition software and Software Development Kit (SDK)
o   Solution type
o   Databases
o   Modeling and restructuring
o   Analytics solutions

By Application

o   Emotion recognition
o   Attendance tracking and monitoring
o   Access control
o   Law enforcement
o   Others (robotics and eLearning)

By End-User

o   Government
§  Homeland Security
§  Military
o   Enterprises
§  Banking, Financial Services, and Insurance
§  Healthcare
§  Retail
o   Other end-users (casinos, public places, automotive, mobile application, and home security systems)

By Region

o   North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o   Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o   Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o   Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o   Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o   Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

Send us Sample Request @ https://www.goldsteinresearch.com/request-sample/global-facial-recognition-market

 “Global Facial Recognition Market Outlook 2024” contains a detailed overview of the global facial recognition market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by component, technology, application and end-user.

Further, for the in-depth analysis, Global Facial Recognition Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Aware, NEC Corporation, Ayonix Corp., Cognitec Systems, KeyLemon, nViso, Herta Security, Techno Brain, Neurotechnology, Daon, Animetrics, 3M Company, IDEMIA, Gemalto, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global facial recognition market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

Browse full report @ https://www.goldsteinresearch.com/report/global-facial-recognition-market

About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.
Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear-cut forecasts. Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on hardware and ICT reports to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in the vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

Contact for more Info:
Steve Blade
(Global Sales Head)
USA: + 1-646-568-7747
Canada:  1-437-886-1181
UK: +44-203-318-6627              
sales@goldsteinresearch.com
www.goldsteinresearch.com


Comments

Post a Comment

Popular posts from this blog

Changing Diagnostic Paradigms With The Revolution In Point Of Care Testing

A recurring theme in healthcare is that the  diagnostics industry  is on the cusp of a major transformation that will see an evolved role for point-of-care (POC) tests that can be run at the bedside, in doctors’ offices, at pharmacies or in people’s homes. This industry tends to transform with the computing revolution rendering many types of mainframe computers obsolete, as the price of manufacturing POC tests drops and the potential for running multiplex tests in miniature expands. Point of Care Testing (POCT) Devices Market Shift to Self Care Diagnosis Emphasis of care has shifted from the prevention and early detection of disease to the ability to get involved and diagnose themselves. Dominant area in POC is glucose monitoring, which require self-monitor and diagnose as diabetes patients needs to be regularly test themselves means that the ease of access to, and functionality of, POC testing is perfectly suited to their conditions. Portability: Trend in POC...
Post a Comment
Read more

India Nutrition Supplement Market Report 2019-2035 by Goldstein Market Intelligence

Goldstein Market Intelligence announces the publication of its research report titled India Nutrition Supplement Market, 2021 . The report contains up to date financial data derived from varied research sources to present unique and reliable analysis. Assessment of major trends with potential impact on the market during the next eight years, including a deep dive analysis of market segmentation which comprises of sub markets, regional and country level analysis. The report provides a comprehensive outlook about the market share along with strategic recommendations based on the emerging segments. A sample PDF of the report is available at: bit.ly/3wAc3Zn According to the report, major driver in India Nutrition Supplement Market is the economic inequality. Due to the low social status of some population groups, their diet often lacks in both quality and quantity.  Detailed Chapter on India Nutrition Supplement Market is included in the report available at: bit.ly/3sZ5Wf6 ...
Post a Comment
Read more

Coronavirus Treatment Market Report 2019-2035 by Goldstein Market Intelligence

Goldstein Market Intelligence announces the publication of its research report titled Coronavirus Treatment Market , 2021 . The report contains up to date financial data derived from varied research sources to present unique and reliable analysis. Assessment of major trends with potential impact on the market during the next eight years, including a deep dive analysis of market segmentation which comprises of sub markets, regional and country level analysis. The report provides a comprehensive outlook about the market share along with strategic recommendations based on the emerging segments. A sample PDF of the report is available at: bit.ly/3t7Nr8m According to the report, major driver in Coronavirus Treatment Market is the increase in the rate of communicable diseases, increasing disposable income in emerging and developing countries, increasing number of hospitals, and rising health hygiene of individuals across geographies. Technological advancement and innovation about resp...
Post a Comment
Read more