Press release
The Facial Recognition Market to become a breeding ground for investors in coming years
Global Facial Recognition market is further estimated to grow at a CAGR of XX% from 2018 to reach USD XX Billion by the year 2023. North America region holds the highest market share in 2017 and Asia-Pacific considered as the fastest growing market in the forecasted period. At a country level, the U.S is projected to grow strongly in the coming years.
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Drivers:
Growing requirement for improved Monitoring and Surveillance in public places
Restraints:
Incompatibility anxieties
Opportunities:
Rising adoption of smartphone
Challenges:
Illumination complications
The Global Facial Recognition Market is segmented on the basis Component, Use, Technology, End-User, and Region. The major shares of the market come from Law Enforcement, by Use type in Global Facial Recognition Market. On the other hand, Analytic Solutions, by Technology Type for this market is expected to grow at highest CAGR during the year 2018-2023.
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Key Benefits for Stakeholders
Facial recognition solutions/services providers,
System integrators, Application developers,
Application end-users,
Government and Regulatory Bodies.
By Component
Software
Services
By Use
Law enforcement
Emotion recognition
Access control
Attendance tracking and monitoring
Others
By Technology
Solution
Facial recognition software and Software Development Kit (SDK)
Modeling and restructuring
Databases
Analytics solutions
By End-User
Enterprises
Government
Others
By Region
North America
Europe
Asia-Pacific
RoW
Key Market Players
NEC Corporation
KeyLemon Ind.
Aware, Inc.
Neurotechnology
Cognitec Systems GmbH
Techno Brain
NVISO SA.
Ayonix Corporation
Herta Security
Daon
(A brief overview of 10 companies is also provided in the report.)
Detailed customization is also available for you. Further, if the report listed above does not meet your key requirements. Our customized research report will analytically cover the required market information you need which will help you to plan your business decisions.
Genesis Market Insights (GMI), is a subsidiary of Genesis Management & Market Research Pvt.Ltd. (GMMR) having a strong experience both in primary and secondary market research serving small to large scale enterprises across globe. Established in 1993, GMMR has become a recommended brand for Market Research for various international and MNC Corporations with its strong data foundation. With its exhaustive research capabilities, strong analytics services and in house data validation tools, GMMR has delivered actionable, reliable and all-inclusive Market Research Reports. GMMR is growing strongly for last 2 decades with most of the clients providing repeat business for their trust on the data quality and recommendations for decision making. Genesis provides strategic plan for project execution and any operational support to help them grow their revenues. Company have faith on us to find new revenue streams, and minimizing market risks. We have accomplished our proficiency by being present in the world's 130+ most promising markets for over 20 years.
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