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COVID-19 Impact on Facial Recognition Market Size & Growth Analysis Report, 2019-2025

12-30-2020 07:00 AM CET | IT, New Media & Software

Press release from: Orion Market Reports

COVID-19 Impact on Facial Recognition Market Size & Growth

The global facial recognition market size was valued at $3.4 billion in 2019 and is expected to grow at a CAGR of 14% from 2019 to 2025. The technology is improving, evolving and expanding at an explosive rate. Technologies such as biometrics are used extensively to enhance security. It is used in a variety of applications such as access control and attendance tracking. Biometrics are universal, unique, and measurable, so they can be used to provide security solutions.

A full report of COVID-19 Impact on Facial Recognition Market is available at: https://www.orionmarketreports.com/covid-19-impact-on-facial-recognition-market/43110/

Impact on the Covid-19 Face Recognition Market:

• With increasing hygiene concerns, most companies are turning to facial recognition systems as a hygiene alternative to stop the spread of the novel coronavirus.
• On the other hand, the integration of artificial intelligence (AI) combines facial recognition technology with temperature sensing to provide an effective solution. In addition, through AI and infrared thermal imaging, the facial recognition system also performs mask detection.
• Demand for facial recognition systems has increased both in the government and in the private sector.

Facial Recognition Market Segmentation:

By Technology

• 2D Facial Recognition
• 3D Facial Recognition
• Facial Analytics

By Component

• Hardware (Scanners, Cameras, Handheld Devices, Integrated Devices)
• Software

By Application

• Homeland Security
• Criminal Investigation
• ID Management
• Physical Security
• Intelligent Signage
• Web Application
• Business Intelligence
• Photo Indexing and Sorting
• Others (VIP Recognition, Automotive and Phone, PC & Banking Login)

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by COVID-19Impact on Facial Recognition Market Report

• What was the COVID-19 Impact on Facial Recognition Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2019-2025).
• What will be the CAGR of COVID-19 Impact on Facial Recognition Market during the forecast period (2019-2025)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2019-2025)?
• Which manufacturer/vendor/players in the COVID-19 Impact on Facial Recognition Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

Media Contact:

Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404

About Us:

Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.

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