North America Facial Recognition Market Analysis & Forecast with Improving CAGR of 13.3 % during 2021-2028 | Fujitsu Limited, IDEMIA, NEC Corporation, Onfido

The facial recognition market in North America is expected to grow from US$ 1,628.13 million in 2021 to US$ 3,907.98 million by 2028; it is estimated to grow at a CAGR of 13.3% from 2021 to 2028.

Biometrics gained huge traction among intelligence agencies after the world witnessed several severe terrorist attacks in the past, e.g., the attack on World Trade Center on September 11, 2011, in the US. The data were collected through biometric, especially by military personnel in possibly high-threat nations. Facial recognition technologies have been deployed by federal and regional law enforcement departments, homeland security departments, and other security agencies across the region.

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These biometric systems help them solve different crime cases by facilitating the rapid identification of offenders. Furthermore, in the military sector, facial recognition systems are employed to identify individuals on the battlefield. The US military has spent more than US$ 4.5 million in the development of facial recognition technology that reads the heat patterns emitted by faces to identify specific people. In 2021, The US Army called for proposals to install a facial recognition security system at the entry points of all its bases. In addition, the government of Mexico is strengthening border control by automating the entry process by utilizing SITA's Automated Border Control kiosks to use biometric technology to verify passengers' identities and improve national security.

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Major Key players covered in this report:

• Aware Inc.
• Cognitec Systems GmbH
• Fujitsu Limited
• IDEMIA
• NEC Corporation
• Onfido
• Tech5
• Thales Group

North America Facial Recognition Market Segmentation -

The North America facial recognition market is segmented on the basis of component, application, vertical, and country. Based on component, the market is bifurcated into software and services. In 2020, the software segment held a larger market share. The market for the software segment is further segmented into 2D facial recognition, 3D facial recognition, and facial analytics. In 2020, the 3D facial recognition segment held the largest market share. The market for the services segment is subsegmented into training & consulting, integration and implementation, and support & maintenance. In 2020, the integration and implementation segment held the largest share of the market. Based on application, the North America facial recognition market is segmented into security & surveillance, access control, and others.

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The research on the North America Facial Recognition market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor's methodologies. The research also segments the North America Facial Recognition market on the basis of end user, product type, application, and demography for the forecast period 2021-2028. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the North America Facial Recognition market.

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