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Global Face Recognition Technology Market, Top key players are Nuance Communications, 3M, NEC, Cognitec Systems, Nviso, Herta Security, Crossmatch, Facefirst Inc

07-26-2021 03:40 PM CET | IT, New Media & Software

Press release from: INFINITY BUSINESS INSIGHTS

Global Face Recognition Technology Market, Top key players

Global Face Recognition Technology Market Report 2021 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2027 (Based on 2020 COVID-19 Worldwide Spread)

Face Recognition Technology Market research report is the new statistical data source added by Infinity Business Insights.

A Face recognition system is a technology that can match a human face from a digital image or a video frame against a database of faces. It works by identifying and measuring facial characteristics from a given image, and is generally used to verify users through ID verification services. Face recognition systems are less accurate than iris and fingerprint recognition as biometric technologies; they are extensively used due to their contactless nature. Advanced human-computer interface, video surveillance, and automatic picture indexing have all used facial recognition systems.

Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.

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Top key players @ Nuance Communications, 3M, NEC, Cognitec Systems, Nviso, Herta Security, Crossmatch, Facefirst Inc., Idemia, IBM, Gemalto, Keylemon, Animetrics, Ayonix, Neurotechnology, Daon, and Techno Brain

In the first half of 2020, the COVID-19 pandemic had an impact on market development. Various administrative agencies and governments imposed harsh lockdowns across the world in mid-2020, resulting in the shutdown of a few enterprises. In the mid-2020s, a shift in purchasing had a significant impact on market revenue.

The global Face Recognition Technology market size is projected to grow from USD Face Recognition Technology Market billion in 2020 to USD Face Recognition Technology Market billion by 2027, at a Compound Annual Growth Rate (CAGR) of Face Recognition Technology Market % during the forecast period. Several companies have recently entered the market, offering novel products and technology. Leading players in the market are launching new products, developing new strategies, collaborating with other firms, and merging with other companies to get a foothold in the market, which is expected to be influenced by numerous social, political, and economic variables.

This study focuses on the industry's top competitors and their strategic analyses for the coming years.

Market segment by Type, covers
2D Facial Recognition
3D Facial Recognition

Market segment by Application can be divided into
Homeland Security
Criminal Investigation
ID Management
Physical Security
Intelligent Signage
Photo Indexing and Sorting
Business Intelligence
Photo Indexing and Sorting

Reasons for Buying this Report
This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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About Us:
Infinity Business Insights is a market research company that offers market and business research intelligence all around the world. We are specialized in offering the services in various industry verticals to recognize their highest-value chance, address their most analytical challenges, and alter their work.
We attain particular and niche demand of the industry while stabilize the quantum of standard with specified time and trace crucial movement at both the domestic and universal levels. The particular products and services provided by Infinity Business Insights cover vital technological, scientific and economic developments in industrial, pharmaceutical and high technology companies.

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