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Global Facial Recognition Market: By Type: 2D Facial Recognition, 3D Facial Recognition, Facial Analytics; By Application: Security and Law Enforcement, Healthcare, Retail, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; SWOT Analysis; Competitive Landscape; Industry Events and Developments

Global Facial Recognition Market Outlook

The global facial recognition market is expected to grow from USD 3.4 billion in 2020 to USD 7.3 billion by 2026, growing at a CAGR of 17% in the forecast period of 2021-2026.

 

Global Facial Recognition Market

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The increasing data security initiatives, the rising use of mobile devices, and the growing demand for fraud detection and prevention technologies are the major growth drivers of the global facial recognition market.

 

Properties and Applications

Facial recognition is a biometric application of the software that can uniquely identify or verify an individual by analysing and comparing patterns based on the facial contours of the individual. Facial recognition is used primarily for safety reasons, although interest in other applications of the product is also increasing.

 

Global Facial Recognition Market By Application

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The facial recognition market can be divided based on segments like types and applications.

The industry can be divided based on its types as:

  • 2D Facial Recognition
  • 3D Facial Recognition
  • Facial Analytics

The industry can be broadly categorised based on its application segments into:

  • Security and Law Enforcement
  • Healthcare
  • Retail
  • Others

The EMR report looks into the regional facial recognition markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

 

Global Facial Recognition Market BY Region

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Market Analysis

The section of financial services has invested strongly in technologies to improve services, including facial recognition-enabled biometrics solutions. During the forecast period, North America is anticipated to account for a significant industry share in the industry as it is a technologically developed region with a large number of early adopters of facial recognition and the existence of significant market players in the region. In this region, factors such as large-scale financed programs and tracking of worker access in buildings are driving the growth of the facial recognition market. In addition, the industry globally has been fuelled by the compulsory provisions enforced by public regulators to embrace the best-in-class techniques and standards.

 

Competitive Landscape

The report presents a detailed analysis of the following key players in the global facial recognition market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Panasonic Corporation 
  • Gemalto (OTCMKTS: GTOMY)  
  • NEC Corporation  
  • Cognitec Systems GmbH     
  • Aware Inc.    
  • Ayonix Face Technologies       
  • Nviso SA 
  • Daon 
  • Others 

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter's Five Forces models.

 

Key Questions Answered in the Report

  • How has the global facial recognition market performed in the previous years (2016-2020)?
  • What is the forecast assessment of the facial recognition market for 2021-2026?
  • What are the major drivers in the historical (2016-2020) and forecast (2021-2026) periods?
  • What are the major constraints in the historical (2016-2020) and forecast (2021-2026) periods?
  • What are the major demand indicators of the global facial recognition market?
  • What are the major price indicators of the global facial recognition market?
  • What are the price trends in the global facial recognition market?
  • What is the degree of competition in the global facial recognition market?
  • What are the major events and developments taking place within the global industry?

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
    1.1    Objectives of the Study
        1.1.1    Research Objective
        1.1.2    Key Findings of the Report
2    Research Methodology
    2.1    Data Extraction
    2.2    Data Corroboration
    2.3    Market Structure
    2.4    Assumptions
    2.5    Market Models
3    Introduction
    3.1    Market Outlook
    3.2    Key Industry Trends
    3.3    Market Scope and Segmentation
    3.4    Additional Insights
4    Executive Summary
    4.1    Key Market Developments
    4.2    Market Analysis
    4.3    Key Players
    4.4    Market Revenue and Growth
5    Market Dynamics
    5.1    Market Driver Analysis
    5.2    Market Restraint Analysis
    5.3    Industry Challenges
    5.4    Industry Opportunities
6    Global Facial Recognition Market Analysis
    6.1    Global Facial Recognition Historical Market (2016-2020) & Forecast (2021-2026)
    6.2    Global Facial Recognition Market Breakup by Type
        6.2.1    2D Facial Recognition
        6.2.2    3D Facial Recognition
        6.2.3    Facial Analytics
    6.3    Global Facial Recognition Market Breakup by Type: Historical Market (2016-2020) & Forecast (2021-2026)
        6.3.1    2D Facial Recognition
        6.3.2    3D Facial Recognition
        6.3.3    Facial Analytics
    6.4    Global Facial Recognition Market Breakup by Application
        6.4.1    Security and Law Enforcement
        6.4.2    Healthcare
        6.4.3    Retail
        6.4.4    Others
    6.5    Global Facial Recognition Market Breakup by Application: Historical Market (2016-2020) & Forecast (2021-2026)
        6.5.1    Security and Law Enforcement
        6.5.2    Healthcare
        6.5.3    Retail
        6.5.4    Others
    6.6    Global Facial Recognition Market Breakup by Region
        6.6.1    North America
            6.6.1.1    United States of America
            6.6.1.2    Canada
        6.6.2    Europe
            6.6.2.1    Germany
            6.6.2.2    United Kingdom
            6.6.2.3    France
            6.6.2.4    Italy
            6.6.2.5    Others
        6.6.3    Asia Pacific
            6.6.3.1    China
            6.6.3.2    Japan
            6.6.3.3    India
            6.6.3.4    ASEAN
            6.6.3.5    Others
        6.6.4    Latin America
            6.6.4.1    Brazil
            6.6.4.2    Argentina
            6.6.4.3    Mexico
            6.6.4.4    Others
        6.6.5    Middle East & Africa
            6.6.5.1    Saudi Arabia
            6.6.5.2    United Arab Emirates
            6.6.5.3    Nigeria
            6.6.5.4    South Africa
            6.6.5.5    Others
    6.7     Global Facial Recognition Market Breakup by Region: Historical Market (2016-2020) & Forecast (2021-2026)
        6.7.1    North America
            6.7.1.1    United States of America
            6.7.1.2    Canada
        6.7.2    Europe
            6.7.2.1    Germany
            6.7.2.2    United Kingdom
            6.7.2.3    France
            6.7.2.4    Italy
            6.7.2.5    Others
        6.7.3    Asia Pacific
            6.7.3.1    China
            6.7.3.2    Japan
            6.7.3.3    India
            6.7.3.4    ASEAN
            6.7.3.5    Others
        6.7.4    Latin America
            6.7.4.1    Brazil
            6.7.4.2    Argentina
            6.7.4.3    Mexico
            6.7.4.4    Others
        6.7.5    Middle East & Africa
            6.7.5.1    Saudi Arabia
            6.7.5.2    United Arab Emirates
            6.7.5.3    Nigeria
            6.7.5.4    South Africa
            6.7.5.5    Others
7    SWOT Analysis
    7.1    Overview
    7.2    Strengths
    7.3    Weaknesses
    7.4    Opportunities
    7.5    Threats
8    Porter’s Five Forces Analysis
    8.1    Overview
    8.2    Buyer’s Power
    8.3    Supplier’s Power
    8.4    New Entrants
    8.5    Degree of Rivalry
    8.6    Substitutes 
9    Competitive Landscape & Supplier Analysis
    9.1    Panasonic Corporation (TYO: 6752)
        9.1.1    Company Overview
        9.1.2    Financial Analysis
    9.2    Gemalto (OTCMKTS: GTOMY)
        9.2.1    Company Overview
        9.2.2    Financial Analysis
    9.3    NEC Corporation (TYO: 6701)
        9.3.1    Company Overview
        9.3.2    Financial Analysis
    9.4    Cognitec Systems GmbH
        9.4.1    Company Overview
        9.4.2    Financial Analysis
    9.5    Aware Inc.
        9.5.1    Company Overview
        9.5.2    Financial Analysis
    9.6    Ayonix Face Technologies 
        9.6.1    Company Overview
        9.6.2    Financial Analysis
    9.7    Nviso SA
        9.7.1    Company Overview
        9.7.2    Financial Analysis
    9.8    Daon 
        9.8.1    Company Overview
        9.8.2    Financial Analysis
    9.9    Others
10    Industry Events and Developments

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