Facial Recognition Market Competitive Outlook | 3M, Techno Brain., Cognitec Systems GmbH, Aware, KeyLemon Ind., Neurotechnology, Alphabet, Gemalto NV, IDEMIA

The Global Facial recognition market study with 100+ market data Tables, Pie Chat, Graphs & Figures is now released by RFM. The Facial recognition market report presents a complete assessment of the Market covering future trend, current global growth factors, attentive opinions, facts, and industry validated market data forecast till 2029.

Delivering the key insights pertaining to this industry, the Facial recognition market report provides an in-depth analysis of the latest trends, present and future business scenario, market size and share of global leading key Players such as 3M, Techno Brain., Cognitec Systems GmbH, Aware, KeyLemon Ind., Neurotechnology, Alphabet, Gemalto NV, IDEMIA, Ayonix Corporation, NVISO SA., NEC Corporation, HID Global Corporation, FaceFirst, Xid Techonologies., Hi-Tech Facial Recognition and many others.


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Facial recognition market is expected to reach USD 15487.35 million by 2029 in the forecasted period of 2020-2029 with a substantial CAGR of 17.08%. The high adoption of IoT devices and rising need to assess the health of aging assets also propel the growth of the NDT Market and inspection market.

The key factor which is driving the market in the forecasted period is a technological improvement in non-destructive testing. In addition, the growing industrialization and urbanization trend and the fast IoT deployment fuel demand. The increasing complexity of NDT systems, however, will impede market growth. Nonetheless, potential convergence of new technologies will expand the demand in the coming years.

Key Developments in the Market:
In December 2019, Nets, a European digital payment firm, have conducted a facial recognition project in Denmark on payments for up to 1,000 employees. The system would require up to 1000 people at 25 companies in the Kokkenes Kokkens Cafeteria to link their faces with an ID card for their employees and to pay for their lunch. Company officials said face recognition offers a number of unique identity verification features similar to other biometric approaches.

Facial recognition market Scope and Market Size

Facial recognition market has been segmented on the basis of components, applications, and verticals.

On the basis of components, the Facial recognition market is segmented into hardware, software tools and services.

Based on applications, facial recognition market is segmented into emotion recognition, attendance tracking and monitoring, access control, law enforcement, others.

On the basis of technology the facial recognition market is segmented into middleware, modelling and restructuring, facial recognition software and SDK (Software Development Kit), databases, and analytics solutions.

Basis of verticals, the Facial recognition market is segmented into BFSI, government and defence, retail and e-commerce, healthcare, education, automotive, others.

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On the basis of region, the Facial recognition market is segmented into North America and South America, Asia Pacific, Europe and Middle East and Africa.

Facial recognition market competitive landscape provides details by competitors. Details included are company overview which includes Company focus, business segment, product categories, revenue generated, and global presence. Facial recognition market report also provides information on recent financials and R&D expenditures over the years from 2020 to 2029.

Major Table of Contents: Facial Recognition Market

1 Facial Recognition Market Overview

2 Manufacturers Profiles

3 Global Facial Recognition Market Competition, by Players

4 Global Facial Recognition Market Size by Regions

5 North America Feed Antibiotics Revenue by Countries

6 Europe Facial Recognition Market Revenue by Countries

7 Asia-Pacific Facial Recognition Market Revenue by Countries

8 South America Facial Recognition Market Revenue by Countries

9 Middle East and Africa Revenue Facial Recognition Market by Countries

10 Global Facial Recognition Market Segment by Type

11 Global Facial Recognition Market Segment by Application

12 Global Facial Recognition Market Size Forecast

13 Research Findings and Conclusion

14 Appendix

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Key Insights in the Facial Recognition Market report:

Complete and distinct analysis of the market drivers and restraints
Key market players involved in this industry
Detailed analysis of the market segmentation
Competitive analysis of the key players involved

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