Facial Recognition System Market | Top Companies like 3M, Animetrics, Aware, Ayonix, Cognitec Systems, Daon, Gemalto NV, Herta Security, IDEMIA, KeyLemon S.A., NEC

The facial recognition system is a combination of hardware and software, which identifies and verifies a person by comparing and analyzing the facial patterns of a person using deep learning. Moreover, the facial recognition system is mainly used in security purposes, and also have application in different areas such as payment, access control, and others. The face recognition system uses four different steps to analyze and identify the person, which includes face detection, face alignment, feature extraction, and finally face recognition.

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Major players operating in the global face recognition system market include 3M, Animetrics, Aware, Inc., Ayonix Corporation, Cognitec Systems, Daon, Gemalto NV, Herta Security, IDEMIA, KeyLemon S.A., NEC Corporation, Neurotechnology, NVISO SA., Panasonic i-PRO Sensing Solutions Co., Ltd., and Techno Brain

Market Growth:

Maintaining information security in mobile devices has become increasingly important, owing to which some of the major mobile companies such as Apple Inc, Samsung Electronics, and OnePlus are focused on implementing face recognition system in their latest devices to protect and secure their user’s data. For Instance, in September 2017, Apple Inc launched iPhone X, which uses 3D facial recognition to unlock the phone and is considered to be more secured compared to the password unlock system.

Furthermore, the face recognition system market is expected to exhibit double-digit CAGR, as this system is evolving at a faster rate and is expected to be used for almost all security purposes in the near future, which is expected to drive the market growth over the forecast period. For instance, in August 2018, The Tokyo Organizing Committee of the Olympic and Paralympic Games (Tokyo 2020) announced to implement face recognition system at Olympic and Paralympic Games Tokyo 2020 to verify the identity of athletes, officials, other staff members, and media representatives for security and safety purpose.

Face recognition system find major application in public security using surveillance cameras to track the criminals. Moreover, growing concern regarding security threats has resulted to install face recognition systems in most public places such as airports, metro stations, open markets, country borders, and other public places, which helps to keep track of the criminals.

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Face Recognition System Market Taxonomy:

1. On the basis of technology:
-2D Facial Recognition
-3D Facial Recognition
-Facial Analytics

2. On the basis of the component:
-Hardware
-Software

3. On the basis of application:
-Security and Law Enforcement
-Payments
-Access Control
-Photo Indexing and Sorting
-Emotion Recognition
-Others (Robotics and eLearning)

4. On the basis of region:
-North America
-Europe
-Asia Pacific
-Latin America
-Middle East
-Africa

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