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Facial Recognition Market to Reach USD 19.73 Billion by 2030: Key Growth Insights

01-27-2025 03:27 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

Facial Recognition Market

Facial Recognition Market

๐…๐š๐œ๐ข๐š๐ฅ ๐‘๐ž๐œ๐จ๐ ๐ง๐ข๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ Growth

The ๐…๐š๐œ๐ข๐š๐ฅ ๐‘๐ž๐œ๐จ๐ ๐ง๐ข๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ was valued at USD 6.23 billion in 2023 and is anticipated to witness significant growth, reaching USD 19.73 billion by 2030. With a robust CAGR of 17.9% during the forecast period, the market is driven by advancements in AI-powered recognition technologies and increasing adoption across industries like security, retail, and healthcare. Governments and enterprises worldwide are integrating facial recognition systems to enhance security measures, streamline operations, and improve customer experiences, positioning this technology as a cornerstone of the digital transformation era.

๐„๐ฑ๐œ๐ข๐ญ๐ž๐ ๐ญ๐จ ๐๐ข๐ฏ๐ž ๐ข๐ง? ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ญ๐จ ๐ฎ๐ง๐œ๐จ๐ฏ๐ž๐ซ ๐ข๐ญ๐ฌ ๐œ๐จ๐ง๐ญ๐ž๐ง๐ญ๐ฌ: https://www.maximizemarketresearch.com/request-sample/2743/

๐Œ๐ž๐ซ๐ ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐€๐œ๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐…๐š๐œ๐ข๐š๐ฅ ๐‘๐ž๐œ๐จ๐ ๐ง๐ข๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ:

๐…๐š๐œ๐ข๐š๐ฅ ๐‘๐ž๐œ๐จ๐ ๐ง๐ข๐ญ๐ข๐จ๐ง ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ

Vietnam's Facial Recognition Market is witnessing growth fueled by the adoption of biometric systems in banking and government sectors. Collaborations like the partnership between FPT Corporation and local financial institutions are driving the implementation of facial recognition for secure transactions and identity verification.

๐…๐š๐œ๐ข๐š๐ฅ ๐‘๐ž๐œ๐จ๐ ๐ง๐ข๐ญ๐ข๐จ๐ง ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐

Thailand's push for digital transformation is accelerating the adoption of facial recognition technology. Companies such as NEC Thailand Ltd. are playing a pivotal role by providing advanced biometric solutions for public safety, particularly in urban surveillance projects and airport security.

๐…๐š๐œ๐ข๐š๐ฅ ๐‘๐ž๐œ๐จ๐ ๐ง๐ข๐ญ๐ข๐จ๐ง ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐‰๐š๐ฉ๐š๐ง

Japan remains at the forefront of technological innovation, with key players like NEC Corporation and Fujitsu driving advancements in facial recognition. The country is utilizing this technology extensively in retail, healthcare, and public security, including its use at the 2020 Tokyo Olympics to enhance safety and streamline operations.

๐…๐š๐œ๐ข๐š๐ฅ ๐‘๐ž๐œ๐จ๐ ๐ง๐ข๐ญ๐ข๐จ๐ง ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š

South Korea's facial recognition market is consolidating, with significant investments from global and domestic companies. Samsung SDS and LG CNS are key contributors, focusing on integrating AI-driven facial recognition into smart city initiatives and enterprise security systems.

๐…๐š๐œ๐ข๐š๐ฅ ๐‘๐ž๐œ๐จ๐ ๐ง๐ข๐ญ๐ข๐จ๐ง ๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž

Singapore is a hub for advanced technology, with facial recognition systems being a crucial component of its digital identity program, SingPass. Collaborations between government agencies and companies like ST Engineering are ensuring continuous innovation and widespread adoption of biometric solutions.

๐…๐š๐œ๐ข๐š๐ฅ ๐‘๐ž๐œ๐จ๐ ๐ง๐ข๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐”๐’

The United States leads the global facial recognition market, driven by investments in AI research and development. Companies such as Clearview AI and Amazon Web Services are at the forefront, providing cutting-edge facial recognition solutions for law enforcement, retail, and healthcare applications.

๐…๐š๐œ๐ข๐š๐ฅ ๐‘๐ž๐œ๐จ๐ ๐ง๐ข๐ญ๐ข๐จ๐ง ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž

Europe is experiencing a surge in demand for facial recognition systems, particularly in countries like Germany, the UK, and France. Companies like Thales Group are innovating in areas such as secure border management and smart payments, contributing to the market's steady growth in the region.

๐…๐š๐œ๐ข๐š๐ฅ ๐‘๐ž๐œ๐จ๐ ๐ง๐ข๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

by Component

Software Tools
Services

by Technology

Middleware
Facial Recognition Software and SDKs
Databases
Analytics Solution
Modelling and Restructuring

by Use Case

Access Control
Emotion Recognition
Law Enforcement
Attendance Tracking and Monitoring
Others

by End-User

Enterprises
Banking, Financial Services, and Insurance
Healthcare
Retail
Government
Homeland Security
Military
Other

๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐“๐จ๐๐š๐ฒ ๐Ÿ๐จ๐ซ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ: https://www.maximizemarketresearch.com/inquiry-before-buying/2743/

๐…๐š๐œ๐ข๐š๐ฅ ๐‘๐ž๐œ๐จ๐ ๐ง๐ข๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

1. Aware
2. Ayonix
3. Keylemon
4. Cognitec Systems
5. Herta Security
6. Nviso
7. Techno Brain
8. Neurotechnology
9. 3M Company
10. Daon
11. Gemalto
12. Animetrics
13. Idemia
14. Others

๐…๐จ๐ซ ๐๐ž๐ž๐ฉ๐ž๐ซ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ, ๐ฉ๐ž๐ซ๐ฎ๐ฌ๐ž ๐ญ๐ก๐ž ๐ฌ๐ฎ๐ฆ๐ฆ๐š๐ซ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/market-report/facial-recognition-market/2743/

๐Š๐ž๐ฒ ๐ช๐ฎ๐ž๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐š๐ง๐ฌ๐ฐ๐ž๐ซ๐ž๐ ๐ข๐ง ๐ญ๐ก๐ž ๐…๐š๐œ๐ข๐š๐ฅ ๐‘๐ž๐œ๐จ๐ ๐ง๐ข๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐š๐ซ๐ž:

What is Facial Recognition?
What is the growth rate of the Facial Recognition Market?
What was the Facial Recognition Market size in 2024?
What are the upcoming opportunities and trends for the Facial Recognition Market?
What are the different segments of the Facial Recognition Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Facial Recognition Market?
What segments are covered in the Facial Recognition Market?
Which are the factors expected to drive the Facial Recognition Market growth?
What growth strategies are the players considering to increase their presence in Copper?
Who are the leading companies and what are their portfolios in Facial Recognition Market?
Who are the key players in the Facial Recognition Market?
What is the CAGR at which the Facial Recognition Market will grow during the forecast period?

๐„๐š๐ ๐ž๐ซ ๐ญ๐จ ๐๐ข๐ฌ๐œ๐จ๐ฏ๐ž๐ซ ๐ฐ๐ก๐š๐ญ'๐ฌ ๐ฐ๐ข๐ญ๐ก๐ข๐ง? ๐’๐ž๐œ๐ฎ๐ซ๐ž ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ญ๐จ๐๐š๐ฒ: https://www.maximizemarketresearch.com/request-sample/2743/

๐Š๐ž๐ฒ ๐Ž๐Ÿ๐Ÿ๐ž๐ซ๐ข๐ง๐ ๐ฌ:

Past Market Size and Competitive Landscape (2018 to 2023)
Past Pricing and price curve by region (2018 to 2023)
Market Size, Share, Size & Forecast by different segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations

๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐œ๐ฎ๐ญ๐ญ๐ข๐ง๐ -๐ž๐๐ ๐ž ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐Ÿ๐ซ๐จ๐ฆ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ข๐ฌ ๐ง๐จ๐ฐ ๐ญ๐ซ๐ž๐ง๐๐ข๐ง๐ :

โ™ฆ Global Base Layer Market https://www.maximizemarketresearch.com/market-report/base-layer-market/122316/

โ™ฆ Running Apparel Market https://www.maximizemarketresearch.com/market-report/global-running-apparel-market/103733/

โ™ฆ Lip Balm market https://www.maximizemarketresearch.com/market-report/global-lip-balm-market/22777/

โ™ฆ Global Trash Bags Market https://www.maximizemarketresearch.com/market-report/global-trash-bags-market/34536/

โ™ฆ India Disposable Gloves Market https://www.maximizemarketresearch.com/market-report/india-disposable-gloves-market/24763/

โ™ฆ Global High Performance Polymer Market https://www.maximizemarketresearch.com/market-report/global-high-performance-polymer-market/104467/

โ™ฆ Educational Toy Market https://www.maximizemarketresearch.com/market-report/educational-toy-market/147976/

MAXIMIZE MARKET RESEARCH PVT. LTD.

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Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

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