Global Facial Recognition Market SWOT Analysis to 2027 Lead By 3M, AmpleTrails, ANIMETRICS, Cognitec Systems, Daon, Gemalto NV, IBM, NEC, Nuance Communications, Recognition Technologies
Facial recognition is a process of identification of human face using technology, and face recognition map is a special feature which stores the data mathematically as a face print. The facial recognition systems are used in high-quality devices such as smartphones and cameras as an option for authentication and identification. The facial recognition market is harnessed by the factors such as increasing usage of facial recognition in law enforcement application, and increasing integration of facial recognition technologies in smartphones. However, the lack of accuracy and high cost of solutions are the primary factor that might hinder the growth of facial recognition market.
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Some of the leading players in market:
Cognitec Systems GmbH
Nuance Communications, Inc.
Recognition Technologies, Inc.
The report aims to provide an overview of facial recognition market with detailed market segmentation by technology, component, application and geography. The global facial recognition market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Facial recognition market players and offers key trends and opportunities in the facial recognition market.
The global facial recognition market is segmented on the basis of technology, component, and application. Based technology, the market is segmented as 2D facial recognition, 3D facial recognition, and facial analytics. On the basis of the component the market is segmented as software, hardware, and services. On the basis of application the market is divided into identity management, law enforcement, border security, others.
The report analyzes factors affecting facial recognition market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Facial recognition market in these regions.
The report also includes the profiles of key facial recognition companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
Reason to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Facial Recognition Market
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global Facial Recognition Market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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