This report includes data collected from market leaders across the value chain and has been evaluated in detail. Considering various sections of the report, information on the growth of this particular market during the mentioned forecast period is stated in detail. Drivers, constraints, trends, impact and development are one of the many key parts of the report.
Facial recognition is a biometric technology used for authentication and identification of individuals by comparing the facial features from an image with the stored facial database. It is expected to witness robust growth during the forecast period owing to its increasing usage in both law enforcement and non-law enforcement applications.
Moreover, facial recognition is widely preferred over other biometric technologies, such as voice recognition, skin texture recognition, iris recognition, and fingerprint scanning, due to its non-contact process and easy deployment (using cameras and existing monitoring devices).
On the basis of end user, global market is segmented into government, enterprises and others (automotive, public places,.).
Amongst these segments, government held the largest market share in terms of revenue and it is also anticipated to be the fastest growing market in terms of CAGR. This rapid and fast paced growth is attribute to the increasing need to tighten territorial and cross border security.
Increasing terrorist attacks and other criminal activities has driven the adoption of facial recognition in Homeland Security, and military and defense sectors.
3M, Animetrics, Aware, Inc., Ayonix corp., Cognitec Systems GmbH, Crossmatch, Daon, FaceFirst, Gemalto NV, Herta Security, IBM Corporation, IDEMIA, KeyLemon Ind., NEC Corporation, Neurotechnology, Nuance Communications, Inc., nViso SA., Techno Brain, amongst others.
Global facial recognition market, in terms of revenue, which was estimated at US$ 3405.3 million in 2017, is expected to reach US$ 8363.3 million in 2022
The regions which have been studied in depth are North America, Europe, Asia Pacific, Middle East & Africa and Latin America. This helps gain better idea about the spread of this particular market in respective regions.
A list of leading manufacturers have been given prime value to ensure their strategies are understood in this particular market.
This report defines the specifications, applications, classifications of Facial Recognition market and explains the industrial chain structure in detail. Recent policies and developments are researched in depth to help enhance this report.
A detailed cost structure is examined and prices are coated by labors, raw material supplier and others. An insight about demand supply chain is also mentioned in detail.
The research report has been compiled using primary and secondary research methodologies to help the readers gain an accurate assessment of the global market. The publication discusses the rising demand for technological advancements due to booming infrastructure across the globe.
The report also puts forth the changing perspective of the consumers that are anticipated to influence the trajectory of the overall market.
The report examines in detail the impact of the key drivers, restraints and the major trends that govern consumer choices of the past and the future on market’s overall development over the report’s forecast period. The research publication also examines the cost structure of the key products available in the Global Facial Recognition Market with respect to the profit gained by manufacturers, as well as the regulations affecting it.
Table of Contents:
Global Facial Recognition Market Research Report 2018-2021
Chapter 1 Facial Recognition Market Overview
Chapter 2 Global Economic Impact
Chapter 3 Competition by Manufacturers
Chapter 4 Production, Revenue (Value) by Region (2018-2021)
Chapter 5 Supply (Production), Consumption, Export, Import by Regions (2018-2021)
Chapter 6 Production, Revenue (Value), Price Trend by Type
Chapter 7 Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Market Forecast (2018-2021)
Chapter 13 Appendix
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