The Global Facial Recognition Market accounted for USD 4.1 billion in 2016 growing at a CAGR of 15.48% during the forecast period of 2017 to 2024.
The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Complete report on Global Facial Recognition Market Research Report 2017-2024 spread across 350 Pages, profiling Top companies and supports with tables and figures
Market Definition: Global Facial Recognition Market
Facial Recognition is a biometric process of identifying an individual by capturing images and then comparing it with existing database. Facial recognition uses different biometric techniques for instance, fingerprint, length or width of the nose, shape of the cheekbones.
It is widely applicable in homeland security, and military banking, financial services, and insurance, healthcare, retail, and others. Increasing government deployment and increasing applications in numerous industry sectors may act as the major driver in the growth of facial recognition market.
On the other side, misinterpretation of emotions may hamper the market.
Global Facial Recognition Market, By Geography; Component (Software Tools, Services); Technology (Facial Recognition Software and SDK, Middleware, Databases, Modeling and Restructuring, Analytics Solutions); Use Case; Application Area- Industry Trends and Forecast to 2024
Major Market Drivers:
- Growing surveillance market
- Increasing government deployment
- Increasing applications in numerous industry sectors
- Interoperability concerns
- Misinterpretation of emotions
Key Questions Answered in Global Facial Recognition Market Report:-
Our Report offers:-
- What will the market growth rate, Overview and Analysis by Type of Global Facial Recognition Market in 2024?
- What are the key factors driving, Analysis by Applications and Countries Global Facial Recognition Market?
- What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Global Facial Recognition Market?
- Who are Opportunities, Risk and Driving Force of Global Facial Recognition Market?
- Who are the opportunities and threats faced by the vendors in Global Facial Recognition Market? Business Overview by Type, Applications, Gross Margin and Market Share
- What are the Global Facial Recognition Market opportunities, market risk and market overview of the Market?
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Top Key Players:
- NEC Technologies India Private Limited
- Aware, Inc.
- Ayonix corp.
- Cognitec Systems GmbH
- KeyLemon Ind.
- nViso SA.
- ZKTeco Inc.
- Aurora Computer Services Limited
- and others.
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Customize report of "Global Facial Recognition Market" as per customers requirement also available.
Global Facial Recognition Market is segmented on the basis of
- Use Case
- Application Area
Market Segmentations in Details:
On the basis of Component into software tools, and services.
On the basis of Technology, the global facial recognition market is segmented into facial recognition software and SDK, middleware, databases, modeling and restructuring, and analytics solutions.
On the basis of Use Case, the global facial recognition market is segmented into emotion recognition, law enforcement, surveillance, and monitoring, and others.
On the basis of Application Area, the global facial recognition market is segmented into government, enterprise, and consumer.
On the basis of Geography,
- North America
- South America
- Middle East & Africa
Company Share Analysis: Global Facial Recognition Market
The report for facial recognition market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others.
The report also measures technology life line curve and market time line to analyze and do more affective investments.
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