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