Insights on the Facial Recognition Market to 2019 – Business Analysis, Market Key Restraints, Key Drivers, Growth Analysis And Segmental insights By 2026 | NEC (Japan), Aware (US), Gemalto (Netherlands)

Facial Recognition Market

The global facial recognition market is expected to grow at a CAGR of 17.1% during the forecast period, 2019–2026.

The 'Straits Research' report focuses on target groups of customers to help players effectively market their products and achieve strong sales in the Global Facial Recognition Market. It segregates useful and relevant market information as per the business needs of players. Readers are provided with validated and revalidated market forecast figures such as CAGR, Heavy Load Moving Skates market revenue, production, consumption, and market share. Our accurate market data equips players to plan powerful strategies ahead of time. The Facial Recognition report offers a deep geographical analysis where key regional and country-level markets are brought to light. The vendor landscape is also analyzed in-depth to reveal current and future market challenges and Facial Recognition business tactics adopted by leading companies to tackle them.

The growing number of cyber threats has taken the world by storm, where the traditional access method for digital identity is no longer safe. To secure the credentials, the influx of various biometrics recognition technologies essayed to bring forth an unbreachable system. Facial recognition is one of the technologies succoring the security and agility of personal digital identities. The technology uses biometrics to map the facial contours from a video or an image, analyzing information with the database that assists in verifying the personal identity. Facial recognition technology is employed across several application areas — airports, smartphones, social networking platforms, education institutes, and retail stores, among others. According to Symantec, the facial recognition market is expected to climb from USD 4 billion in 2017 to USD 7.7 billion in 2022, owing to its utilization in several fields from surveillance to marketing. The growing awareness regarding the facial recognition technology across the industry verticals are attributed to propel the demand for facial recognition technology market in the near future. For instance, in September 2019, the Norfolk Animal Care and Adoption Center partnered with Finding Rover to help in finding lost pets in Norfolk, Virginia.

The 3D facial recognition technology segment, among other technology segments, offers intricate details of facial contours. It provides improved identification and verification of facial expressions of an individual with cameras that sense depth using sensors at dark or low light areas. Thus, resulting in several organizations and companies embracing the technology. The emotion recognition segment, among other application area segments, is projected to hold a strong share in the global facial recognition market on account of its ability to track facial expressions for emotions — happiness, anger, and surprise, among others. Additionally, it also assists in other facial profiling viz. biometric image resolution for enhanced security purposes.

North America is expected to witness dynamic growth in the facial recognition market during the forecast period, 2019–2026. This is attributed to the presence of key players and burgeoning investments into facial recognition technology for innovation and research purposes. For instance, in August 2019, Texas A&M University researchers collaborated with MoodMe to enhance algorithms used in the company’s facial recognition analysis. Thus, by adopting AI and deep learning techniques, the researchers are strengthening the state-of-the-art algorithms in human facial analysis thereby boosting the regional facial recognition market.

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The Major Prominent Players Covered in this Report:
NEC (Japan), Aware (US), Gemalto (Netherlands), Ayonix Face Technologies (Japan), Cognitec Systems GmbH (Germany), NVISO SA (Switzerland), Daon (US), StereoVision Imaging (US), Neurotechnology (Lithuania), Animetrics (US), Leidos (US), and Smilepass (UK)

By Component, Software,Service
By Technology,2D Facial Recognition, 3D Facial Recognition, Facial Analytics
By Application Area, Emotion Recognition, Attendance Tracking and Monitoring, Law Enforcement, Others
By Industry, IT & Telecommunication, BFSI, Retail, Healthcare, Automotive, Government and Defense, Others

NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post the COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth rate of Steerable Medical Devices in these regions, from 2019 to 2026, covering:
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

View this report with a detailed description and TOC @ https://straitsresearch.com/report/facial-recognition-market/toc

Key Facial Recognition Market Trends:
- The report identifies, determines, and forecasts the Global Facial Recognition Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Facial Recognition Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Facial Recognition Market.

Key Questions Answered in The Report:
What will the Facial Recognition market growth rate?
What are the key factors driving the global Facial Recognition market?
Who are the key manufacturers in the Facial Recognition market space?
What are the market opportunities, market risk, and market overview of the Facial Recognition market?
What are sales, revenue, and price analysis of top manufacturers of the Facial Recognition market?
Who are the distributors, traders, and dealers of the Facial Recognition market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Facial Recognition Industry?
What are sales, revenue, and price analysis by regions of Facial Recognition industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

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