Press release
China Facial Recognition Market: Future Innovation Ways, Growth & Profit Analysis, Forecast By 2027 | key Players - Safran SA, NEC Corporation, FaceFirst Inc., Key Lemon Ltd., Ayonix Corporation, Face++
Global Facial Recognition Market is valued at USD 3621.4 Million in 2020 and expected to reach USD 11604.5 Million by 2027 with a CAGR of 18.1% over the forecast period.Scope of Global Facial Recognition Market Report:
Facial recognition is a method of confirming or identifying a person's character utilizing their face.
Facial recognition system can be utilized to distinguish individuals in photographs, recordings, or in real-time. Facial recognition is a classification of biometric security. Different types of biometric software incorporate fingerprint recognition, voice recognition, and eye retina or iris recognition.
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The innovation is generally utilized for security and law authorization; however, there is an expanding interest in different spaces of utilization. Facial recognition frameworks make use of computer algorithms to choose out explicit, one of kind details a couple of individuals' face.
Distance between eyes or state of the jaw, are then changed over into a numerical representation and compared with information on different faces gathered during a facial recognition database.
Commonly, facial recognition doesn't depend on a gigantic data set of photographs to decide a person's personality, it basically identifies and remembers one individual as the sole proprietor of the device, while restricting admittance to other people.
Key Players for Global Facial Recognition Market Report:
Some of the key players for global facial recognition market are Safran SA, NEC Corporation, Gemalto, Cognitec Systems, Aware Inc., Daon Inc., FaceFirst Inc., Key Lemon Ltd., Ayonix Corporation, Face++ and others.
The COVID-19 pandemic has shown a positive impact on the growth of facial recognition market. During COVID-19 pandemic, growing concern for sanitation the majority of the organizations is switching toward facial recognition system as a sterile choice to control the spread of infection.
The combination of artificial intelligence (AI), then again, is offering a successful solution by joining both facial recognition innovations alongside temperature detection. Moreover, with AI and infrared thermography, facial recognition frameworks are performing mask detection also. The interest for facial recognition systems has been expanded in both the private and government areas.
Global facial recognition market has been segmented into technology, component, vertical and region & country level. Based upon technology, the global facial recognition market is segmented into 2D recognition, 3D recognition, and thermal recognition. Based upon component, the market is divided into facial recognition software, analytics and other.
Based upon vertical, the global facial recognition market has been segmented into media & entertainment, retail & e-commerce, telecom & IT, automobile & transportation, government, healthcare and others.
Global Facial Recognition Market Segmentation:
By Technology:
• 2D Recognition
• 3D Recognition
• Thermal Recognition
By Component:
• Facial Recognition Software
• Analytics
• Others
By Vertical:
• Media & Entertainment
• Retail & E-commerce
• Telecom & IT
• Automobile & Transportation
• Government
• Healthcare
• Others
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Table of Content
Chapter 1 China Facial Recognition Market: Summary and Quantitative Analysis
1.1 Report Description
1.2 China Facial Recognition Market Revenue Overview
1.3 China Facial Recognition Market Revenue (USD Billion) and Growth (%) Rate, 2015- 2025
Chapter
2 China Facial Recognition Market: Overview and Qualitative Analysis
2.1 Executive Summary
2.2 Market Drivers
2.3 Market Restraints
2.4 Market Opportunities
2.5 Market Trends
2.6 China Facial Recognition Market: SWOT Analysis
2.7 China Facial Recognition Market: PEST Analysis
2.8 China Facial Recognition Market: Attractiveness Analysis
2.8.1 China Facial Recognition Market: Attractiveness Analysis by Type
2.8.2 China Facial Recognition Market: Attractiveness Analysis by Application
2.8.3 China Facial Recognition Market: Attractiveness Analysis by Regional
Chapter 3 Competitive Analysis
3.1 China Facial Recognition Market
3.1.1 China Facial Recognition Market Revenue (USD Billion), By Players 2018
3.1.2 China Facial Recognition Market Revenue Share (%), By Players 2018
Chapter 5 China Facial Recognition Market: By Types
5.1 China Facial Recognition Market Share (%), By Types, 2018
5.2 China Facial Recognition Market Revenue (USD Billion), By Types, 2015 – 2025
5.3 China Facial Recognition Market Revenue (USD Billion), T1,2015-2025
5.4 China Facial Recognition Market Revenue (USD Billion), T2,2015-2025
5.5 China Facial Recognition Market Revenue (USD Billion), T3,2015-2025
5.6 China Facial Recognition Market Revenue Share (%), By Types, 2015 – 2025
5.7 China Facial Recognition Market Revenue Market Share (%), By Types, 2015-2025
Chapter 6 CHINA Facial Recognition Market: By Application
6.1 China Facial Recognition Market Share (%), By Application, 2018
6.2 China Facial Recognition Market Revenue (USD Billion), By Application, 2015 – 2025
6.3 China Facial Recognition Market Revenue (USD Billion), A1, 2015-2025
6.4 China Facial Recognition Market Revenue (USD Billion),A2, 2015-2025
6.5 China Facial Recognition Market Revenue (USD Billion),A3, 2015-2025
6.6 China Facial Recognition Market Revenue Share (%), By Application, 2015 – 2025
6.7 China Facial Recognition Market Revenue Market Share (%), By Application, 2015-2025
Chapter 13 Market Research Findings & Conclusion
Chapter 14 Research Methodology
14.1 Research Process
14.2 Primary Research
14.3 Secondary Research
14.4 Market Size Estimates
14.5 Forecast Model
14.7 who is This Report For?
14.8 USP’s of Report
Increasing Importance of the Surveillance Industry, Growing Investment in Facial Recognition Technologies by the Government and Defense Sector and Rising Technological Advancement across Business Verticals Drive the Market Growth
The major factor drives the growth of global facial recognition market is increasing significance of the surveillance industry.
The increasing adoption of advanced video surveillance frameworks like 360 security cameras, CCTV, open air PTZ cameras, thermal security cameras, and others by the end-user to improve safety and security are increasing the demand for face recognition. Video surveillance systems are significantly utilized in applications such as crime prevention, traffic management and industrial processes monitoring.
Facial Recognition Market By Regional & Country Level:
North America
• U.S.
• Canada
Europe
• U.K.
• France
• Germany
• Italy
Asia Pacific
• China
• Japan
• CHINA
• Southeast Asia
Latin America
• Brazil
• Mexico
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, China or Asia.
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