Facial Recognition Market by Technology (2D Facial Recognition, 3D Facial Recognition and Facial Analytics), Component (Hardware and Software) and Application (Homeland Security, Criminal Investigation, ID Management) by 2022
Facial Recognition Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $9.6 billion by 2022, registering a CAGR of 21.3% during the period 2016-2022. Facial recognition is a biometric technology that selects facial features of an individual and compares them with an available database to provide identification and authorization. North America is expected to dominate the market throughout the forecast period, owing to the high expenditure on security systems by government agencies in the region.
Download report sample at: www.alliedmarketresearch.com/request-sample/794#utm_source=as_opr
North America offers lucrative opportunities for market growth, exhibiting a huge demand of facial recognition technology for homeland security and criminal investigation. However, Asia-Pacific is expected to be the fastest growing region, owing to wide use of facial recognition technology in countries such as China, Japan and Australia across various sectors such as defense, law enforcement, physical security, and retail.
Among the component segments, hardware accounted for the maximum revenue share in 2015, owing to high cost of 2D and 3D cameras. The facial recognition software market is estimated to grow at a CAGR of 23.9% during the forecast period. Development of effective and efficient facial recognition software applications is expected to drive this market.
Facial recognition is primarily used for security purposes, the major ones being homeland security, criminal investigation, ID management, and physical security. However, in the recent years, this technology is also being increasingly used for targeted advertising and marketing purposes, particularly in the retail sector. This is accomplished through the use of intelligent signage; a digital signage solution with facial recognition capabilities, which enables the retailers to offer tailored messages to the buyers. In the year 2015, homeland security contributed the highest revenue share, accounting for around 21% of the overall market revenue. From a growth perspective, intelligent signage is likely to be the most prominent application of facial recognition, anticipated to witness the highest CAGR of 25.1% during the forecast period.
For purchase enquiry at: www.alliedmarketresearch.com/purchase-enquiry/794#utm_source=as_opr
Some of the leading players in the facial recognition market include Cognitec Systems GmbH, NEC Corporation, FaceFirst, Inc., and 3M amongst others. These players have adopted product development, acquisitions, agreements, and partnerships as their key strategies to strengthen their market position and expand their geographical presence. For instance, in 2015, Cognitec Systems GmbH launched and incorporated a superior version of the face recognition algorithm B9 in FaceVACS-DBScan, one of the its leading facial recognition products.
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free: +1-800-792-5285
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Facial Recognition Market by Technology (2D Facial Recognition, 3D Facial Recognition and Facial Analytics), Component (Hardware and Software) and Application (Homeland Security, Criminal Investigation, ID Management) by 2022 here
News-ID: 1593103 • Views: 283
More Releases from Allied Market Research
Overview Membrane Technology for Food and Beverage Processing Market Size, Share …
Membranes are natural or manufactured substances used for separation. They commonly serve the purpose of filter pads. Membranes, which are semi-permeable in nature (allow only selective compounds/substances to flow pass them) are easy to manufacture. These are gaining popularity in the process industry where purity of products is highly desired. Membranes are available in every shape and size and are required in numerous devices right from the water filter at
Cooking Appliances Market is Predicted to Grow High CAGR from 2019 to 2026
The cooking appliance include products such as microwaves, ovens, cook tops, and range hoods. Modern cooking appliance are used to provide ease to chefs. Also, with rapid depletion of natural resources such as LPG, and other petroleum products, there is an urgent need to use efficient and eco-friendly cooking appliances in kitchen. Key players are developing advance cooking appliances in order to increase their market share, and on the same
Power Bank Market Insights with Statistics and Growth Prediction 2018 to 2025
The growth of the global power bank market is driven by rising in demand for smartphones across the globe and an increase in sales of power banks on online portals & e-commerce websites. However, factors such as emerging trends of wireless charging and improved battery capacity of electronic devices hamper market growth. On the other hand, the development of solar & hydrogen fuel-based power banks and an increase in the
Shale Gas Market 2022 | Business Analysis and Evolutionary Growth
Shale gas is emerging as an ideal energy source, owing to its abundance, low carbon footprint and comparatively low price than conventional energy source such as natural gas, coal, nuclear and hydro. However, the issue of water scarcity due to the hydraulic fracturing technique may hamper its production. Moreover, the unstructured regulatory framework in the European countries may dampen its producers to some extent. The global shale gas consumption is
More Releases for Facial
INTRODUCING THE FIRE & ICE FACIAL!
Dr. John A. Perrotti, top New York City plastic surgeon is thrilled to introduce the Fire & Ice Facial. Known in Hollywood as the Red Carpet Facial, this one of a kind facial has one of a kind results! Limited time offer only $149! The FIRE & ICE Facial reduces fine lines and wrinkles and smooths, softens, and encourages cellular renewal with two innovative masques. Get the same results as a quality
Global Home Facial Steamer Market Research Report
This report studies the global Home Facial Steamer market status and forecast, categorizes the global Home Facial Steamer market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other regions. Get sample copy of the report: https://www.marketdensity.com/contact?ref=Sample&reportid=71695 Table of Contents: Table of Contents Global Home Facial Steamer Market Research Report 2018 1 Home Facial Steamer Market Overview
Global Facial Recognition Market
Global Facial Recognition Market – Global Industry Analysis and Forecast (2017-2026) _ by Component, by Technology, by Use Case, by End-Use, and by Geography Global Facial Recognition Market is expected to grow from US$ 3.32 Bn in 2017 to US$ 12.20 Bn by 2026, at a CAGR of 13.9% between 2017 and 2026. (Detailed analysis of the market CAGR is provided in the report) The facial recognition system is bio-metric technology or
Global Facial Injectable Market – Forecast, 2013-2021
Facial Injectable Market Wiseguyreports.Com Adds “Facial Injectable Market -Market Demand, Growth, Opportunities, Manufacturers, Analysis of Top Key Players and Forecast to 2022” To Its Research Database. Description: Facial Injectable products, also known as dermal fillers are products that help in trending applications such as bioengineering or facial rejuvenation. With age, facial skin is bound to lose subcutaneous fat naturally and
Facial Injectable Market Application: Facial Surgery, Facial Uplift
Learning Objectives: • To provide detailed analysis of the market structure along with forecast for the next 10 years of the various segments and sub-segments of the Facial Injectable market • To provide insights about factors affecting the market growth • To analyze the Facial Injectable market based on various factors- price analysis, supply chain analysis, porters five force analysis etc. • To provide historical and forecast revenue of the market segments and sub-segments with respect
Facial Recognition Market, by Technology Type (2D Facial Recognition,3D Facial R …
The global facial recognition market was valued at US$ 1,307.0 Mn in 2014 and is expected to grow at a CAGR of 9.5% from 2015 to 2022. Currently, the market is primarily driven by robust technological advancements for development of efficient surveillance systems required by civil and government agencies. This is due to rising instances of criminal and terrorist activities and identification of fraud cases across the globe. Moreover, facial