The global facial recognition market is expected to grow from USD 3.4 billion in 2019 to USD 7.3 billion by 2025, growing at a CAGR of 17% in the forecast period of 2020-2025. 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.
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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.
The facial recognition market can be divided based on segments like types and applications.
The industry can be divided based on its types as:
The industry can be broadly categorised based on its application segments into:
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.
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.
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:
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:
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
2.5 Market Models
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 (2015-2019) & Forecast (2020-2025)
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 (2015-2019) & Forecast (2020-2025)
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
6.5 Global Facial Recognition Market Breakup by Application: Historical Market (2015-2019) & Forecast (2020-2025)
6.5.1 Security and Law Enforcement
6.6 Global Facial Recognition Market Breakup by Region
6.6.1 North America
22.214.171.124 United States of America
126.96.36.199 United Kingdom
6.6.3 Asia Pacific
6.6.4 Latin America
6.6.5 Middle East & Africa
188.8.131.52 Saudi Arabia
184.108.40.206 United Arab Emirates
220.127.116.11 South Africa
6.7 Global Facial Recognition Market Breakup by Region: Historical Market (2015-2019) & Forecast (2020-2025)
6.7.1 North America
18.104.22.168 United States of America
22.214.171.124 United Kingdom
6.7.3 Asia Pacific
6.7.4 Latin America
6.7.5 Middle East & Africa
126.96.36.199 Saudi Arabia
188.8.131.52 United Arab Emirates
184.108.40.206 South Africa
7 SWOT Analysis
8 Porter’s Five Forces Analysis
8.2 Buyer’s Power
8.3 Supplier’s Power
8.4 New Entrants
8.5 Degree of Rivalry
9 Regional Price Analysis
9.1 North America Historical Price Trends (2015-2019) & Forecast (2020-2025)
9.2 Europe Historical Price Trends (2015-2019) & Forecast (2020-2025)
9.3 Asia Pacific Historical Price Trends (2015-2019) & Forecast (2020-2025)
9.4 Latin America Historical Price Trends (2015-2019) & Forecast (2020-2025)
9.5 Middle East & Africa Historical Price Trends (2015-2019) & Forecast (2020-2025)
10 Competitive Landscape & Supplier Analysis
10.1 Panasonic Corporation (TYO: 6752)
10.1.1 Company Overview
10.1.2 Financial Analysis
10.2 Gemalto (OTCMKTS: GTOMY)
10.2.1 Company Overview
10.2.2 Financial Analysis
10.3 NEC Corporation (TYO: 6701)
10.3.1 Company Overview
10.3.2 Financial Analysis
10.4 Cognitec Systems GmbH
10.4.1 Company Overview
10.4.2 Financial Analysis
10.5 Aware Inc.
10.5.1 Company Overview
10.5.2 Financial Analysis
10.6 Ayonix Face Technologies
10.6.1 Company Overview
10.6.2 Financial Analysis
10.7 Nviso SA
10.7.1 Company Overview
10.7.2 Financial Analysis
10.8.1 Company Overview
10.8.2 Financial Analysis
11 Events and Developments
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