Facial Recognition Market Size With Major Prominent Vendors Like Cognitec Systems, Ayonix Corp, Animetrics, KeyLemon, Safran Identity and Security,Techno Brain, Aware

Market Overview:
According to New Market Research Report “Facial Recognition Market by Component, Technology and End User - Global Industry Analysis and Forecast to 2023”, published by Crystal Market Research (CMR), Attributable to these factors the Facial Recognition market is anticipated to reach approximately USD 8.96 billion by 2023 from USD 2.78 billion in 2014, while registering itself at a compound annual growth rate (CAGR) of 13.87% during the forecast period.

Top Most Players:
The Prominent players in the market are Cognitec Systems, Ayonix Corp, Animetrics, KeyLemon, Safran Identity and Security,Techno Brain, Aware, Gemalto, NEC and Herta Security. Based on geography, the market is split into North America, Europe, Asia Pacific and Rest of the world.

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The Facial Recognition Market is segmented as follows:
By Component:
Services
Software tools

By Technology:
Solution type
Databases
Facial recognition software and Software Development Kit (SDK)
Modeling and restructuring
Analytics solutions

By End User:
Enterprises
Government
Others

Market Analysis by Regions:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)
South America (Brazil, Argentina, Columbia and Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)

Facial Recognition is a biometric application which captures picture and uses it to recognize people by applying facial investigation and contrasting it with the current database. Facial recognition systems are regularly used for security purposes, particularly in the surveillance sector but as of late the usage of facial recognition in different applications has advanced. The facial recognition market is driven by the expanding criminal activities globally.

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Detail Table of Contents:
1.Introduction
2.Executive Summary
3.Market Overview
…
5.Facial Recognition Market, By Component
5.1.Introduction
5.2.Global Facial Recognition Sales, Revenue and Market Share by Component (2013-2018)
5.3.Services
5.4.Software tools
6.Facial Recognition Market, By Technology
6.1.Introduction
6.2.Global Facial Recognition Sales, Revenue and Market Share by Technology (2013-2018)
6.3.Solution Type
6.4.Databases
6.5.Facial recognition software and Software Development Kit (SDK)
6.6.Modeling and restructuring
6.7.Analytics solutions
7.Facial Recognition Market, By End User
To be continued…

With advancements in technology, facial recognition systems are currently being composed and delivered extensively. Rising criminal activities such as theft, terrorist attacks and data breaches have brought about rising requirement for secure confirmation solutions. The expanding requirement for upgraded surveillance and observing at public spots and the expanding usage of facial recognition technologies in enterprises, for example, the government is a major growth factor for this market. As the government offices possess sensitive data, it is imperative to install potent surveillance systems to avoid data breaches and attacks. Moreover, several benefits offered by facial recognition systems, such as, being a non-contact recognition systems makes it preferable over other recognition frameworks like fingerprint scanning, voice recognition or iris recognition systems. Nonetheless, high cost of implementation and low accuracy negatively affect the development of the market.

What Our Report Offer:

1) An extensive research study on the Global Facial Recognition Market, and its entire ecosystem, describes the market trends, drivers, restraints and opportunities of the Facial Recognition Market.

2) We provide you the longest possible market segmentation based on type of products, procedures and geography and describe the market share region wise.

3) The report gives a bird eyes view on the competitive landscape which includes mergers and acquisitions, collaborations, market strategies, and new product launches.

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About Crystal Market Research:
Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.

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