Facial Recognition Market to see 14.2% CAGR over 2021-2028 | Research Reports, Growth Opportunity and Regional Analysis

Facial Recognition Market Research Report comprises comprehensive industry information and changing Facial Recognition market trends in the industry that allows users to spot the pin-point analysis of the market along with revenue, development and profit during the forecast period. Facial Recognition market research report gives in-depth info about a specific market, industry, products, and customer's situation within a geographic location. The report helps in scrutinizing the market trends, competitive landscape, key competitors, economical changes, industry size & outlook. It explains market opportunities and also highlights the positive side or negative side prospects for the particular industry, market, or product. By observing consumer preferences, companies can develop their products and services and take hold of huge competitive area. To have global perspective for international business, study of market statistics provided through this global Facial Recognition market report is very vital.

The facial recognition market is projected to reach US$ 12,670.22 million by 2028 from US$ 5,012.71 million in 2021; it is expected to grow at a CAGR of 14.2% from 2021 to 2028.

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List of Companies operating in this report are:
• Tech5
• IDEMIA
• Aware Inc.
• Cognitec Systems GmbH
• Ayonix Corporation
• Fujitsu Limited
• Onfido
• NEC Corporation
• Thales Group
• Face PHI

Based on device, the facial recognition market is segmented into security & surveillance, access control, and others. The security & surveillance segment held the largest market share in 2021.

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 worldwide through biometric, especially by military personnel in possibly high-threat nations. Governments of various countries, such as the US and China, are investing in the adoption of facial recognition technologies. China is one of the significant adopters and exporters of facial recognition tools.

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Several market forces such as drivers and restraints and political, social, economic and technological advancements help shape up the industry in specific manner. All such forces are studied in detail to arrive at a market forecast which can help build the investment strategies in Facial Recognition market.

Regional and Country-wise Analysis:
• North America (U.S., Canada, Mexico)
• Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS)
• Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)
• Latin America (Brazil, Rest of Latin America)
• The Middle East and Africa (Turkey, GCC, Rest of the Middle East and Africa)

Essential points covered in Facial Recognition market report are:-
• What will the market size and the growth rate be in 2028?
• What are the key growth stimulants of Facial Recognition market?
• What are the key market trends impacting Facial Recognition market valuation?
• What are the challenges to market proliferation?
• Who are the key vendors in the Facial Recognition market?
• Which are the leading companies contributing to Facial Recognition market valuation?
• What was the market share held by each region in 2028?
• What is the estimated growth rate and valuation of Facial Recognition market in 2028?

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For More Details:
Security Orchestration Market: https://www.marketwatch.com/press-release/security-orchestration-market-growing-at-a-cagr-of-288-with-key-business-strategies-leading-players-and-forecast-2027-2022-12-20?mod=search_headline

AIOps Platform Market: https://www.marketwatch.com/press-release/aiops-platform-market-are-expected-to-grow-at-a-cagr-of-322-reaching-usd-28312-bn-by-2028-the-insight-partners-2022-12-20?mod=search_headline

Log Management Market: https://www.marketwatch.com/press-release/log-management-market-size-is-projected-to-reach-usd-521667-mn-by-2028-growing-at-a-cagr-of-128-2022-12-20?mod=search_headline

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About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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