Facial Recognition Market Forecasts: 13.9% Compound Annual Growth Rate (CAGR) to 2022

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The Global Facial Recognition Market is expected to grow from US$ 4.05 Billion in 2017 to US$ 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.

Top Key Players in the “Facial Recognition Market” include are
• 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)
• Gemalto (Netherlands)

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Facial recognition software and services are predominantly applied at the premises where enforcement, surveillance, and monitoring of the facial detection law is needed. Facial recognition technologies are capable of recognizing faces in real-time using webcam; providing accurate gender information; detecting age, mood, and other features; and searching faces from the database.

Among the 5 regions, North America is expected to have the largest market size in the facial recognition market during the forecast period. The North American region has shown increased investments in the market, and several vendors have evolved to cater to the rapidly growing market. A considerable growth is expected in the region during the forecast period. Major initiatives taken for the growth of the facial recognition technology have their origin in this region.

The Target Audience of the Facial Recognition Market report are:
• Facial recognition solutions/services vendors
• Government agencies
• Application developers
• IT managers
• Application end-users
• System integrators

Access Complete report on Facial Recognition Market spread across 153 Pages, profiling 14 companies and supported with tables and figures. Buy Research at https://www.reportsnreports.com/purchase.aspx?name=246678 .

Research Coverage:
The facial recognition industry 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

List of Tables
1 United States Dollar Exchange Rate, 2014–2016
2 Global Facial Recognition Market Size and Growth Rate, 2015–2022 (USD Billion, Y-O-Y %)
3 Market Size By Component, 2015–2022 (USD Million)
4 Market Size By Software Tool, 2015–2022 (USD Million)
5 2D Facial Recognition: Market Size By End-User, 2015–2022 (USD Million)
6 2D Facial Recognition: Market Size By Region, 2015–2022 (USD Million)
7 3D Facial Recognition: Market Size By End-User, 2015–2022 (USD Million)
8 3D Facial Recognition: Market Size By Region, 2015–2022 (USD Million)
9 Thermal Face Recognition: Market Size By End-User, 2015–2022 (USD Million)
10 Thermal Face Recognition: Market Size By Region, 2015–2022 (USD Million)
…and more

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