Press release
Facial Recognition Market Poised to Witness a Significant Growth at CAGR of 21.27% by 2022
Facial Recognition Market
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The global facial recognition market is estimated to grow at a promising rate in upcoming years. North America is the leading region among Europe, Asia-Pacific and Rest of the world. Asia-Pacific is the fastest growing region which is estimated to show high growth during forecast period. Increasing technology adoption and increasing criminal activities in the region is expected to drive the growth of facial recognition market in the region. Whereas lack of technical awareness about facial biometrics process and benefits is the major reason behind slow growth in the region.
North America Facial Recognition Market is expected to reach USD 5.37 Billion by 2022 with a CAGR of 21.27%
Table of Contents
1. Info graphics Information
1.1 Global Facial Recognition Market, By Region, 2015 VS 2022 (USD Billion)
2. Introduction
3.Global Facial Recognition Market, By Region, Market Data
List of Tables
Table 1 Global Facial Recognition Market, By Region, 2015-2022 (USD Billion)
List of Figures
Figure 1 Global Facial Recognition Market, By Region, 2015-2022, (USD Billion)
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Browse similar research report of “Europe Facial Recognition Market Component Segment Outlook - Forecast to 2022”
The Facial Recognition Market statistical report, published by Market Research Future contains succinct information on the facial recognition market, segmented by component as hardware and software and forecast from 2015-2022. The various factors driving the facial recognition market are increasing criminal activities in government and non-government sector demanding for facial recognition technology solutions, increasing security measures at ATMs and other financial institutes, increasing implementation of facial recognition system at airports and super-markets, and high adoption of facial recognition by law enforcement agencies for better results in criminal investigations.
In Europe, facial recognition market by components, hardware component market has reached USD 0.38 billion market value in 2016 and is expected to reach USD 0.86 billion by 2022 whereas, software components are projected to be the fastest growing market with 20.41% CAGR and poised to reach USD 0.52 billion by 2022.
Hardware Facial Recognition Market by Component is expected to reach USD 0.86 Billion by 2022 with a CAGR of 14.61%
Browse Full Report @ https://www.marketresearchfuture.com/statistical-reports/europe-facial-recognition-component-market-2817 .
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