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Report explores the facial recognition market with 13.9% CAGR growth by 2023

Aware (US), NEC Corporation (Japan), Ayonix Corp. (Japan), Cognitec Systems (Germany), KeyLemon (Switzerland), nViso (Switzerland), Herta Security (Spain), Techno Brain (Kenya), Neurotechnology (Lithuania), Daon (US), Animetrics (US), 3M Company (US), IDEMIA (France), and Gemalto (Netherlands)are some of the companies profiled in the report.

The global facial recognition market is expected to grow from USD 4.05 billion in 2017 to USD 7.76 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 13.9% during forecast period.

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The key players in the Facial Recognition Market include – Aware (US), NEC Corporation (Japan), Ayonix Corp. (Japan), Cognitec Systems (Germany), KeyLemon (Switzerland), nViso (Switzerland), Herta Security (Spain), Techno Brain (Kenya), Neurotechnology (Lithuania), Daon (US), Animetrics (US), 3M Company (US), IDEMIA (France), and Gemalto (Netherlands)

The facial recognition market has been segmented on the basis of components (software tools and services), technology, use cases, end-users, and regions. The facial recognition software tools include 2D facial recognition, 3D facial recognition, and thermal face recognition.

The services segment includes training and consulting services, and cloud-based facial recognition services. The technologies segment includes facial recognition software and Software Development Kit (SDK), middleware, databases, modeling and restructuring, and analytics solution.

On the basis of use cases, the facial recognition market is divided into emotion recognition, attendance tracking and monitoring, access control, and law enforcement. On the basis of end-users, the facial recognition market is segmented into government, enterprises, and other end-users.

The other end-users segment includes casinos, public places, automotive, mobile application, and home security systems. The government sector is further segmented as Homeland Security and military, while the enterprises sector is subsegmented into Banking, Financial Services, and Insurance (BFSI), healthcare, and retail.

Finally, on the basis of regions, the facial recognition market is segmented into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America.

Facial Recognition Market spread across 153 pages, profiling 14 companies and supported with 82 tables and 37 figures; Get More Details on Facial Recognition Market by Industry @ www.rnrmarketresearch.com/contact…name=95791

The global facial recognition market is expected to grow from USD 4.05 billion in 2017 to USD 7.76 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 13.9% during forecast period. The 3D facial recognition software tool analyzes, identifies, and verifies the facial characteristics of individuals with high potential.

The 3D facial recognition technology uses 3D geometric features of the human face, which are compared with the images stored in the database. The increased need for enhanced surveillance and monitoring at public places and the increase in use of facial recognition technologies in industries, such as the government are said to be driving the facial recognition market growth.

Get Facial Recognition Market by Component (Software Tools and Services), Technology, Use Case (Emotion Recognition, Attendance Tracking and Monitoring, Access Control, Law Enforcement), End-User, and Region - Global Forecast to 2022 @ www.rnrmarketresearch.com/contact…name=95791

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