North America Facial Recognition Market Statistics, Facts and Figures, Growth Overview, Size, SWOT Analysis Till 2028

North America Facial Recognition Market was valued at US$ 1,628.13 million in 2021 and is projected to reach US$ 3,907.98 million by 2028 with a CAGR of 13.3% from 2021 to 2028.

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.

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The report covers an in depth analysis of the key market players within the market

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

In this report, the market has been segmented on the basis of:

The North America facial recognition market is segmented on the basis of component, application, vertical, and country. Based on component, the market is bifurcated into software and services. In 2020, the software segment held a larger market share. The market for the software segment is further segmented into 2D facial recognition, 3D facial recognition, and facial analytics. In 2020, the 3D facial recognition segment held the largest market share.

The market for the services segment is subsegmented into training & consulting, integration and implementation, and support & maintenance. In 2020, the integration and implementation segment held the largest share of the market. Based on application, the North America facial recognition market is segmented into security & surveillance, access control, and others. In 2020, the security & surveillance segment held the largest market share. Based on vertical, the market is segmented into BFSI, retail and e-commerce, government, healthcare, education, automotive and transportation, and others.

Market Analysis and Insights: North America Facial Recognition Market

North America Facial Recognition Market report elaborates the market size, market characteristics, and market growth of the North America Facial Recognition industry, and breaks down according to the type, application, and consumption space of North America Facial Recognition . The report also conducted a PESTEL analysis of the industry to check the most influencing factors and entry barriers of the industry.

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Some of the key queries answered in this report:

-What can we estimate about the anticipated growth rates and also the North America Facial Recognition industry size by 2028?
-What will happen in the coming existing and emerging markets?
-Which are the five top players within thee North America Facial Recognition market?
-How can the North America Facial Recognition market change in the upcoming years?
-Which product and application will take a share of the North America Facial Recognition market?
-What will be the North America Facial Recognition Market was valued at US$ 1,628.13 million in 2021 and is projected to reach US$ 3,907.98 million by 2028 with a CAGR of 13.3% from 2021 to 2028. and size of the North America Facial Recognition market throughout the forecast period?
-What are the market opportunities and challenges two-faced by the key vendors?
-Who are the major competitors and what is their strategy?
-What are the barriers to entry for new players in the market?
-What would be the upcoming North America Facial Recognition market behaviour forecast with trends, challenges, and drivers for development?
-What business opportunities and dangers are faced by vendors in the market?
-Which would be North America Facial Recognition industry opportunities and challenges faced by most vendors in the market?
-What will be the outcomes of this market SWOT five forces analysis?
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