Facial Recognition Market 2021: Strategic Analysis and Key Technological Developments

The Facial Recognition Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Facial Recognition market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Facial Recognition market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Facial Recognition market.

The facial recognition market was valued at USD 4.84 billion in 2020, and it is projected to be valued at USD 12.75 billion by 2026, registering a CAGR of 17.6% over the forecast period from 2021 to 2026.

Get a Free Sample Copy of This Report:

https://www.marketinsightsreports.com/reports/02082592421/facial-recognition-market-growth-trends-covid-19-impact-and-forecasts-2021-2026/inquiry?Mode=namita

Top Leading Companies of Facial Recognition Market are - Panasonic Corporation, Gemalto NV (Thales Group), NEC Corporation, Cognitec Systems GmbH, Aware Inc., FacePhi Biometria SA, Animetrics Inc., Ayonix Corporation, Face First Inc., Idemia France SAS, Daon Inc. and others.

Industry News and Updates:

- June 2020 - Panasonic Corporation of North America and PopID, a Cali Group company, partnered to bring facial recognition ordering and payment processes to both the restaurant and retail industries. Under the terms of the agreement between the parties, PopID and PopPay will be fully integrated into the Panasonic ClearConnect Kiosk application, and Panasonic will have preferential rights in the kiosk market.

- May 2020 - NEC Corporation launched NeoFace Thermal Express to provide touchless screening. The new offering combines elevated body temperature (EBT) detection and personal protective equipment, such as face masks, and NeoFace biometrics on a scalable and modular platform with video and thermal analytics.

Key Market Trends:

Security and Law Enforcement is Expected to Hold Significant Share

- A wide range of high-end networks embedded with multi-directional cameras, combined with the development of commercial AI systems, allows a full replacement of the traditional facial security system. Panasonic uses its FacePRO facial recognition system for face matching and faces search feature to identify the faces that are difficult to recognize, with the help of standard video surveillance technology. Globally, increasing concerns over security, coupled with the increasing installments of advanced technology cameras in public places, such as schools, malls, etc., is expected to aid the market to grow exponentially, over the forecast period.

Asia-Pacific is Expected is Expected to Register Fastest Growth

- Asia-Pacific is the most prominent region for the adoption of facial recognition, owing to factors, such as technological development, rising in infrastructure growth, and the increasing application in numerous areas. Massive industrialization and the growing consumer electronics industry in the region highlight the exciting opportunities for the players in the market and the scope for significant growth. Furthermore, Cina has deployed facial recognition glasses for the country's police force, to spot citizens and tourists, and use real-time ID authentication to primarily fighting crimes during celebrations in the year. AliPay, China's biggest payment app, started a trial for the smile-to-pay feature at a branch of KFC in Southern China, which uses facial recognition to identify the customer and automatically charges them through the app.

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Facial Recognition Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Facial Recognition Market (%),2016 - 2026
- Facial Recognition Market Share, By Brand
- Facial Recognition Market Share, By Company
- Facial Recognition Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Facial Recognition Market Value Analysis & Forecast
- Promising Facial Recognition Development by Major Companies
- Detailed Facial Recognition Portfolio of the Major Companies
- Major Deals in the Facial Recognition Market
- Major Companies Analysis

Browse Full Report at:

https://www.marketinsightsreports.com/reports/02082592421/facial-recognition-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=namita

We Offer Customization on Report Based on Specific Client Requirement:

- Country Level analysis for any 5 countries of your choice.

- Competitive analysis of any 5 key market players.

- 40 analyst hours to cover any other data point.

Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com

About Us:

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.