openPR Logo
Press release

Facial Recognition Market Size, Share, Emerging Trends, Top Players with Strategies and Forecast 2028

02-09-2023 12:01 PM CET | IT, New Media & Software

Press release from: The Insight Partners

Facial Recognition Market

Facial Recognition Market

According to The Insight Partners latest market study on "Facial Recognition Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Component, Application, and Vertical," the market was valued at US$ 5,012.71 million in 2021 and is projected to reach US$ 12,670.22 million by 2028; it is expected to grow at a CAGR of 14.2% from 2021 to 2028. Also, evaluates the future impact of the propellants and limits on the market. This report provides a detailed overview of key factors in the Real-Time Payments Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development.

You Can Get a Sample Copy of This Report @ https://www.theinsightpartners.com/sample/TIPRE00003385/?utm_source=openPR&utm_medium=10642

The report segments the global Market as follows

By Component (Software, Hardware, and Services)
By Application (Security & Surveillance, Access Control, and Others)
By Vertical (BFSI, Retail & Ecommerce, Government, Healthcare, Education, Automotive & Transportation, and Others)

Facial recognition technologies have been deployed by federal and regional law enforcement departments, homeland security departments, and other security agencies across the world. These biometric systems help them solve different crime cases by facilitating the rapid identification of offenders, which is contributing to the growth of the facial recognition market. 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 on 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. Thus, increasing deployment of facial recognition technology by governments drives the facial recognition market growth.

The Key Players in The Global Market Are: 

Tech5
IDEMIA
Aware Inc.
Cognitec Systems GmbH
Ayonix Corporation
Fujitsu Limited
Onfido
NEC Corporation
Thales Group
Face PHI

Have Question? Speak to Analyst at: https://www.theinsightpartners.com/speak-to-analyst/TIPRE00003385?utm_source=openPR&utm_medium=10642  

Due to rising concerns for hygiene, many companies are shifting toward facial recognition as an alternative to avoid the spread of novel coronavirus. In many countries, law enforcement and organization have moved from legacy systems to facial recognition solutions to reduce the overall spread of the virus infection. In addition, the integration of artificial intelligence (AI) offers a practical solution by combining both facial recognition technology and temperature detection. During the COVID-19 outbreak in China, authorities used facial recognition, combined with infrared cameras, to recognize infected people.

Also, Chinese intelligent interaction company, Hanwang Technology, developed a facial recognition technology that can identify people wearing masks in the country. Also, the application of thermal camera checks through facial recognition systems is adopted by healthcare systems across the world. Adopting facial recognition technology by Q4 2021 will be a common phenomenon among various sectors worldwide

Purchase a copy of Facial Recognition Market research report @ https://www.theinsightpartners.com/buy/TIPRE00003385/?utm_source=openPR&utm_medium=10642

Answers that the report acknowledges:

Market size and growth rate during forecast period.
Key factors driving the Market.
Key market trends cracking up the growth of the Market
Challenges to market growth.
Key vendors of Facial Recognition Market
Detailed SWOT analysis.
Opportunities and threats face by the existing vendors in Global Market
Trending factors influencing the market in the geographical regions.
Strategic initiatives focusing the leading vendors.
PEST analysis of the market in the five major region

Contact Us:
If you have any queries pertaining to the report or would like further information, feel free to reach out to us at-
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

ABOUT US:

The Insight Partners is a one stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialist 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.

Our research model is very simple. We believe in client servicing and delivering best quality to our customers. Through our research content, we are making sure that our customers get value of their money along with better quality data and analysis

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Facial Recognition Market Size, Share, Emerging Trends, Top Players with Strategies and Forecast 2028 here

News-ID: 2922926 • Views:

More Releases from The Insight Partners

RF Front End Module Market Emerging Technological Growth, Future Growth and Business Opportunities 2031
RF Front End Module Market Emerging Technological Growth, Future Growth and Busi …
The RF front end module market size is projected to reach US$ 7.58 billion by 2031 from US$ 3.89 billion in 2024. The market is expected to register a CAGR of 10.3% during 2025-2031. The "RF Front End Module Market" forecast 2031 report analyses the present and future competitive scenario of the analytics industry. RF Front End Module Market report offers an in-depth analysis on segments including top companies, products,
Collagen Supplements Market Demand Analysis and Projected huge Growth by 2031
Collagen Supplements Market Demand Analysis and Projected huge Growth by 2031
The "Collagen Supplements Market" forecast 2031 report analyses the present and future competitive scenario of the analytics industry. Collagen Supplements Market report offers an in-depth analysis on segments including top companies, products, applications, revenue and regions. a number of topics including likewise market share, drivers, trends and methods. This report additionally offers insights into the latest growth and trends. It encapsulates key aspects of the market, with focus on leading
Refrigeration Coolers Market Research Report Explores the Trade Trends for the Forecast 2031
Refrigeration Coolers Market Research Report Explores the Trade Trends for the F …
The Refrigeration Coolers Market is expected to register a CAGR of 6.4% from 2025 to 2031, with a market size expanding from US$ 4.50 billion in 2024 to US$ 7.48 billion by 2031. The "Refrigeration Coolers Market" forecast 2031 report analyses the present and future competitive scenario of the analytics industry. Refrigeration Coolers Market report offers an in-depth analysis on segments including top companies, products, applications, revenue and regions. a number
Unlocking Opportunities in the SGP Interlayer Films Market: Market Forecast, Key Players & Strategies
Unlocking Opportunities in the SGP Interlayer Films Market: Market Forecast, Key …
In the world of advanced glazing, SGP interlayer films represent a high-performance ionic interlayer inserted between glass panes. Thanks to superior strength, clarity, and safety characteristics, SGP films are gaining traction in applications from architecture to automotive safety. The Insight Partners forecasts the global SGP Interlayer Films Market to grow at a 6% CAGR between 2025 and 2031. This press release examines how market participants are strategizing for growth, whom the

All 5 Releases


More Releases for Facial

Facial Palsy Market Grows on Advancements in Neurorehabilitation and Facial Rean …
The global facial palsy market is on the rise, driven by increasing awareness of neurological disorders, a growing aging population, and significant advancements in diagnostic and therapeutic technologies. Facial palsy, which affects the muscles of the face, can result from various causes, with the most common being Bell's palsy, stroke, or trauma. This market offers an intriguing landscape of opportunities and challenges, supported by new treatment techniques, rehabilitation services, and
Facial Water Spray Market
A new market study is released on Facial Water Spray Market with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. At present, the market is developing its presence. The Research report presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data. The research study provides estimates for
Facial Recognition Market by Technology (2D Facial Recognition, 3D Facial Recogn …
Facial recognition technologies include 2D, 3D, and facial analytics. The 3D facial recognition technology segment holds a significant share in thefacial recognition market, owing to its high accuracy in terms of recognizing facial features as compared to the 2D facial recognition technology. This segment is expected to witness the fastest growth rate during the forecast period. 2D technology is also widely used due to its low installation cost and operational
Facial Injectables Market : Enhanced longevity of the effects to augment demand …
The North America facial injectables market features a largely monopolistic landscape with only one company holding dominating share. Transparency Market Research (TMR) notes that Allergan Plc. accounts for a lion’s share of 62.0% in the market. The dominant stronghold the company has in the market derives its strength from its robust brand value of its facial injectable offering such as Juvederm and Botox (Botulinum toxin). The Botox is anticipated to
Facial Injectable Market Application: Facial Surgery, Facial Uplift
Learning Objectives: • To provide detailed analysis of the market structure along with forecast for the next 10 years of the various segments and sub-segments of the Facial Injectable market • To provide insights about factors affecting the market growth • To analyze the Facial Injectable market based on various factors- price analysis, supply chain analysis, porters five force analysis etc. • To provide historical and forecast revenue of the market segments and sub-segments with respect
Facial Recognition Market By Technology Type - 2D Facial Recognition, 3D Facial …
Albany, NY, 22nd FEB : This research report provides analytical insights on the ‘global facial recognition market’. The market overview section of the report emphasizes on the market dynamics and trends, which include the drivers, restraints, and opportunities that influence the current nature and future growth of the market. The market estimates have been analyzed by keeping in mind the several factors, which affect the market including but not limited