Facial Recognition Market Growth Is Rising Rapidly Due To Technological Advancements And Their Applications – Industry Outlook By Technological Advancement, Key Players, Competitive Analysis Till 2025

Global Market For Facial Recognition is in the process of growth. In 2016, the FACE RECOGNITION market value reached USD 1.11 billion. The CAGR (Compound Annual Growth Rate) from 2017 to 2025 of the market is estimated at 23.1%, the highest of all biometric identification technology in terms of the growth rate.

A facial recognition system is a technology capable of identifying or verifying a person from a digital image or a video frame from a video source. There are multiple methods in which facial recognition systems work, but in general, they work by comparing selected facial features from given image with faces within a database. It is also described as a Biometric Artificial Intelligence based application that can uniquely identify a person by analyzing patterns based on the person's facial textures and shape.

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Facial recognition is a category of biometric software that maps an individual's facial features mathematically and stores the data as a face print. The software uses deep learning algorithms to compare a live capture or digital image to the stored face print in order to verify an individual's identity.

In the past, face recognition technology was mostly used in commercial applications such as airport automated border control e-gates and access control systems for businesses. It is not until Apple introduced Face ID, a facial recognition technology to unlock iPhones, face recognition technology has started to gain increasing market attention. This report provides an overview of the facial recognition market and identifies key market characteristics that are observed thus far to look for possible investment opportunities.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study.

Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

Points Covered in Table of Content:

Table of Contents
1. Foreword
2. Rapid Application Development to Drive Market Demand Growth
3. Diverse Competitive/Alternative Technologies Proliferating
3.1 Competitive Technology Continues to Evolve in Fast Response to Market Demands
4. US and Japan Have the Strongest R& D Strength, China Catching Up Fast
5. Tech Giants Initiate M& A Deals Worldwide
5.1 Facial Recognition is IT Investment Hotspot
6. Diverse Supply Chains and Blurrier Upper and Lower Boundaries
7. Applications Diversifies and Cross Industry Demand Gap Widens
8. Conclusion

Appendix
List of Figures
Figure 1 Global Facial Recognition Market Value, 2016 - 2025
Figure 2 Comparison of Biometric Identification Technologies
Figure 3 Patent Grants by Geographic Origin (In Order of Application Year)
Figure 4 The Top 10 Patent Applicants' Application Trends (In Order of Application Year)
Figure 5 Mergers and Acquisitions of the Global Facial Recognition Industry

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