Face Recognition Systems Market Next Big Thing | Safran, Gemalto, Ayonix
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 recognition systems that can scan images in all environmental conditions are being developed using 3D facial recognition technology. This would help overcome the barriers of 2D facial recognition technology that include light and pose deflections of the object. However, restrictions on users to share their personal details i.e. covert monitoring of an individual, is expected to hinder the market growth. Furthermore, increased adoption of facial recognition in web applications for picture tagging, social interaction, and others is expected to drive the demand for facial recognition in future.
The global facial recognition market is analyzed on the basis of parameters such as type of technology, end-use industry and geographic regions. Of the different technology types, the 2D facial recognition technology segment contributed a significant revenue share ?about 59.67%? in the global market in 2016. This is due to the adoption and acceptance of 2D facial recognition technology in surveillance, which is primarily due to its low cost and easy installation using existing cameras. The market for 3D facial recognition technology, that offers better and accurate results, is expected to record steady growth as compared to 2D technology. Furthermore, the facial recognition market is witnessing development of facial analytics systems that help generate descriptive metadata about a given face, apart from simple identification. This has resulted in the use of facial recognition technique as both identification and authentication tools.
In 2018, the global Face Recognition Systems market size was 530 million US$ and it is expected to reach 1430 million US$ by the end of 2025, with a CAGR of 13.2% during 2019-2025.
Face Recognition Systems Market Overview:
If you are involved in the Face Recognition Systems industry or intend to be, then this study will provide you comprehensive outlook. It’s vital you keep your market knowledge up to date segmented by Emotion Recognition, Law Enforcement, Surveillance, and Monitoring & Others, , 2D Face Recognition, 3D Face Recognition & Thermal Face Recognition and major players. If you want to classify different company according to your targeted objective or geography we can provide customization according to your requirement.
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Face Recognition Systems Market: Demand Analysis & Opportunity Outlook 2025
Face Recognition Systems research study is to define market sizes of various segments & countries by past years and to forecast the values by next 5 years. The report is assembled to comprise each qualitative and quantitative elements of the industry facts including: market share, market size (value and volume 2014-19, and forecast to 2025) which admire each countries concerned in the competitive examination. Further, the study additionally caters the in-depth statistics about the crucial elements which includes drivers & restraining factors that defines future growth outlook of the market.
Important years considered in the study are:
Historical year – 2014-2019 ; Base year – 2019; Forecast period** – 2020 to 2025 [** unless otherwise stated]
The segments and sub-section of Face Recognition Systems market are shown below:
The Study is segmented by following Product Type: 2D Face Recognition, 3D Face Recognition & Thermal Face Recognition
Major applications/end-users industry are as follows: Emotion Recognition, Law Enforcement, Surveillance, and Monitoring & Others
Some of the key players/Manufacturers involved in the Market are – NEC Corporation, Safran Group, Gemalto, Ayonix, Crossmatch Technologies & Aware Inc
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If opting for the Global version of Face Recognition Systems Market analysis is provided for major regions as follows:
• North America (USA, Canada and Mexico)
• Europe (Germany, France, the United Kingdom, Netherlands, Russia , Italy and Rest of Europe)
• Asia-Pacific (China, Japan, Australia, New Zealand, South Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Colombia, rest of countries etc.)
• Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Nigeria and South Africa)
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Key Answers Captured in Study are
Which geography would have better demand for product/services?
What strategies of big players help them acquire share in regional market?
Countries that may see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
How feasible is market for long term investment?
What opportunity the country would offer for existing and new players in the Face Recognition Systems market?
Risk side analysis involved with suppliers in specific geography?
What influencing factors driving the demand of Face Recognition Systems near future?
What is the impact analysis of various factors in the Global Face Recognition Systems market growth?
What are the recent trends in the regional market and how successful they are?
Read Detailed Index of full Research Study at @ https://www.htfmarketreport.com/reports/1676633-global-face-recognition-systems-market-7
There are 15 Chapters to display the Global Face Recognition Systems market.
Chapter 1, About Executive Summary to describe Definition, Specifications and Classification of Global Face Recognition Systems market, Applications [Emotion Recognition, Law Enforcement, Surveillance, and Monitoring & Others], Market Segment by Types 2D Face Recognition, 3D Face Recognition & Thermal Face Recognition;
Chapter 2, objective of the study.
Chapter 3, to display Research methodology and techniques.
Chapter 4 and 5, to show the Face Recognition Systems Market Analysis, segmentation analysis, characteristics;
Chapter 6 and 7, to show Five forces (bargaining Power of buyers/suppliers), Threats to new entrants and market condition;
Chapter 8 and 9, to show analysis by regional segmentation[United States, Europe, China, Japan, Southeast Asia, India & Central & South America ], comparison, leading countries and opportunities; Regional Marketing Type Analysis, Supply Chain Analysis
Chapter 10, to identify major decision framework accumulated through Industry experts and strategic decision makers;
Chapter 11 and 12, Global Face Recognition Systems Market Trend Analysis, Drivers, Challenges by consumer behavior, Marketing Channels
Chapter 13 and 14, about vendor landscape (classification and Market Ranking)
Chapter 15, deals with Global Face Recognition Systems Market sales channel, distributors, Research Findings and Conclusion, appendix and data source.
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia or Oceania [Australia and New Zealand].
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