Facial recognition Market size was valued at USD 5.03 Billion in 2021, growing at a CAGR of 19.50% from 2022 to 2032: Evolve Business Intelligence

The global Facial recognition market size was valued at USD 5.03 Billion in 2021 growing at the CAGR of 19.50% from 2022 to 2032. Evolve Business Intelligence provides an in-dept research study that contains the ability to focus on the major market dynamics in several region across the globe. Moreover, a details assessment of the market is conducted by our analysts on various geographic including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa to provide clients with opportunity to dominate the emerging markets. The Facial recognition market study includes growth factors, restraining factors, challenges, and Opportunities which allows the businesses to assess the market capability of the industry. The report delivers market size from 2020 to 2032 with forecast period of 2022 to 2032. The report also contains revenue, production, sales consumption, pricing trends, and other factors which are essential for assessing any market.

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Key Highlights:
• The global Facial recognition market size was valued at USD 5.03 Billion in 2021 growing at the CAGR of 19.50% from 2022 to 2032.
• North America dominated the market in 2021
• Asia Pacific is expected to grow at a highest CAGR from 2022 to 2032

Key Players
The Facial recognition market report gives comprehensive information about the company and its past performance. The report also provide a detail market share analysis along with product benchmarking with key developments.

The key players profiled in the report are:
● NEC Corporation
● Cognitech System GmbH (Cognitech Systems)
● Aware, Inc (Aware)
● Ayonix Corporation (Ayonix)
● Neurotechnlogy
● Animetrics
● NVISO SA

The Global Facial recognition Logistic report also includes information on company profiles, product descriptions, revenue, market share data, and contact details for several regional, global, and local companies. Due to increased technological innovation, R&D, and M&A operations in the sector, the market is becoming more popular in particular niche sectors. Additionally, a large number of regional and local vendors in the Facial recognition market provide specialised product offerings according to geographical regions in keeping with the global manufacturing footprint. Due to the reliability, quality, and technological modernity of the worldwide suppliers, it is difficult for the new market entrants to compete.

COVID Impact
In terms of COVID 19 impact, the Facial recognition market report also includes the following data points:
● COVID19 Impact on Facial recognition market size
● End-User/Industry/Application Trend, and Preferences
● Government Policies/Regulatory Framework
● Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
● Opportunity in the Facial recognition market

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Scope of the Report:
Market Segment By Component:
o Software
o Hardware
o Integrated Devices
o Handheld Devices
o Scanners
o Cameras

Market Segment By Technology:
o Facial analytics
o 2D Facial Recognition
o 3D Facial Recognition

Market Segment By End User Industry:
o Government
o Healthcare
o BFSI
o Security and Law Enforcement
o Retail and E-commerce
o Telecom and IT
o Automobile and transportation
o Media and Entertainment
o Others

Market Segment By Application:
o Access control
o Emotion Recognition
o Security & Surveillance
o Attendance Tracking and Monitoring
o Others

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Key Region/ Countries Covered
● North America (US, Canada, Mexico)
● Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
● Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
● Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of MEA)
● Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

Reasons to Buy this Report:
• Detail analysis of the impact of market drivers, restraints, and oppotunities
• Competitive Intelligence providing the understanding about the ecosystem
• Details analysis of Total Addressable Market (TAM) of your products
• Investment Pockets and New Business Opportunities
• Demand-supply gap analysis
• Strategy Planning

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About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging the pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
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