Press release
United States Facial Recognition Market 2021 Competitive Insights and Precise Outlook - Panasonic Corporation, Gemalto NV (Thales Group), NEC Corporation
The United States Facial Recognition Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.The United States Facial Recognition Market is expected to reach a CAGR of 14.3% during the forecast period (2020-2025).
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Top Leading Companies of United States Facial Recognition Market are Panasonic Corporation, Gemalto NV (Thales Group), NEC Corporation, Cognitec Systems GmbH, Aware Inc., Clearview AI Inc., Animetrics Inc., Ayonix Corporation, Face First Inc., Idemia France SAS, Daon Inc., BioID Inc. and others.
Industry News and Updates
January 2020 - FaceFirst, the leading U.S. computer vision company, announced that its SDK (Software Development Kit) will now be available, enabling developers of security and identity verification products to incorporate advanced facial recognition and other video analytics into their solutions with just a few lines of code.
- November 2019 - NEC Corporation announced the conclusion of a global cybersecurity agreement with the International Criminal Police Organization (INTERPOL). This alliance will replace an existing contract that was formed in 2014. The combination of INTERPOL's international network with NEC's cutting-edge cybersecurity solutions will help the investigation and analysis of complex and sophisticated crime at the international level. This partnership with an international body will help the company to create more opportunities for facial recognition solutions as well.
Key Market Trends
Increasing Demand for Surveillance Systems to Enhance Safety and Security
- The demand for surveillance as part of access control is on the rise in the private sector, the level of authentication offered by facial recognition in the space is driving the demand. Enterprises are using technology as a means to ensure only authorized individuals get into facilities such as bank vaults, training centers, board rooms, server rooms, and other sensitive locations.
- Moreover, the most significant facial recognition surveillance system in the region is operated by the FBI. The FBI's ID system maintains a facial recognition database with images of more than 117 million Americans. The FBI conducts, on average, 4,055 searches every month to identify individuals with facial recognition systems. _The US Customs and Border Protection is using a facial recognition system to identify and stop criminals and terrorists at the border. Its new facial comparison biometric system looks at the traveler and compares them to the passport photo.
Regional Outlook of United States Facial Recognition Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.
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What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
Analytical Tools: The United States Facial Recognition Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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