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North America Facial Recognition Market is expected to reach US$ 3,907.98 million by 2028 with CAGR of 13.3% | Business Market Insights

07-07-2022 08:52 AM CET | Media & Telecommunications

Press release from: Business Market Insights

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.

View Full Report @ https://www.businessmarketinsights.com/reports/north-america-facial-recognition-market?utm_source=OpenPR&utm_medium=10405

The North America Facial Recognition Market research report by Business Market Insights includes Market segmentation and overlays shadow upon the leading market players highlighting the favourable competitive landscape and trends prevailing over the years. This study provides information about the sales and revenue during the historic and forecasted period of 2022 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the North America Facial Recognition market growth.

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. 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. Thus, increasing deployment of facial recognition technology by government is driving the market growth.

Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis - https://www.businessmarketinsights.com/sample/TIPRE00029035?utm_source=OpenPR&utm_medium=10405

Companies Profiled in this report includes:
• Aware Inc.
• Cognitec Systems GmbH
• Fujitsu Limited
• IDEMIA
• NEC Corporation
• Onfido
• Tech5
• Thales Group

North America Facial Recognition Market: Competitive Landscape
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, during the forecast period of 2022 to 2028.

By Component
• Software
• Services

By Application
• Security & Surveillance
• Access Control
• Others

By Vertical
• BFSI
• Retail and E-commerce
• Government
• Healthcare
• Education
• Automotive and Transportation
• Others

Immediate delivery of our off-the-shelf reports and prebooking of upcoming studies, through flexible and convenient payment methods - https://www.businessmarketinsights.com/buy/single/TIPRE00029035?utm_source=OpenPR&utm_medium=10405

Contact us:

If you have any questions about this report or would like further information, please contact us:

Contact person: Sameer Joshi
Email: sales@businessmarketinsights.com
Phone: +16467917070

About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.

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