Global Facial Recognition Market Outlook on Key Growth Trends and Forecast Until 2025 By Aware, Inc., Safran, Animetrics, Daon, Ayonix corp., Cognitec Systems GmbH, KeyLemon Ind & Others
Facial Recognition market research report gives a comprehensive perspective of the Facial Recognition market in addition to examinations the market dependent on present industry circumstances; market demands, and business methodologies used by market players. The report investigates crucial development factors, production procedures, industry drivers, limitations, most recent market patterns, just as circumstances and difficulties for novices and built up players in the business. The analytical stage starts with a similar investigation of top driving players in the market pursued by organization profile, contact data, item presentation and cost structure, limit and market methodologies.
The Global Facial Recognition Market accounted for USD 4.1 billion in 2016 growing at a CAGR of 15.48% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Major Market Competitors:
Some of the major players of the global facial recognition market are 3M, NEC Technologies India Private Limited, Aware, Inc., Safran, Animetrics, Daon, Ayonix corp., Cognitec Systems GmbH, KeyLemon Ind., nViso SA., ZKTeco Inc., Aurora Computer Services Limited, Crossmatch, FaceFirst, and others.
Major market drivers & restraints:
Growing surveillance market
Increasing government deployment
Increasing applications in numerous industry sectors
Misinterpretation of emotions
Table of Contents
5.Global, By Component
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The global facial recognition market is segmented on the basis of component into software tools, and services. The software tools segment is further sub segmented into 2D facial recognition, 3D facial recognition, and thermal face recognition. The services segment is further sub segmented into training and consulting services, and cloud-based facial recognition services.
On the basis of technology, the global facial recognition market is segmented into facial recognition software and SDK, middleware, databases, modeling and restructuring, and analytics solutions.
On the basis of use case, the global facial recognition market is segmented into emotion recognition, law enforcement, surveillance, and monitoring, and others.
On the basis of application area, the global facial recognition market is segmented into government, enterprise, and consumer. The government segment is further sub segmented into homeland security, and military. The enterprise segment is further sub segmented into banking, financial services, and insurance, healthcare, retail, and others.
On the basis of geography, the global facial recognition market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
Company Share Analysis: The report for facial recognition market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.
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Reasons to Purchase this Report
Current and future of facial recognition structural heart devices market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
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