Global Facial Recognition Market 2018-2025.
The major factors speculated to augment the markets are growing security requirements in government sectors for employee attendance and identification. Facial recognition is a biometric technology which provides high-level security for public and private sectors. It considers selected facial features and compares them with a database to provide authorization. Facial recognition system includes software, readers, and related database for providing accuracy along with security.
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The regional analysis of Global Facial Recognition Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North American region is the leading region across the world in terms of market share. Whereas, owing to countries viz. India, Indonesia, China, and Japan, the Asia Pacific region is expected to exhibit higher growth rate / CAGR over the forecast period 2018-2025.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Technology:
2D
3D
Facial Analytics
By Application:
Financial Services & Banking
Homeland Security
Government
Retail
Military
Others
By Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
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Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
The industry is seeming to be fairly competitive.
Some of the leading market players include:-
NEC Corporation, 3M Cogent, Aware Inc., Animetrics Inc., Precise Biometrics, Aurora Computer Services Ltd., Ayonix Inc., Nuance Communications, FaceFirst, Safran Group, and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Some Point from Table of Content:
Chapter 1. Global Facial Recognition Market Definition & Scope
1.1. Research Objective
1.2. Market Definition
1.3. Scope of The Study
1.4. Years Considered for The Study
1.5. Currency Conversion Rates
1.6. Report Limitation
Chapter 2. Research Methodology
2.1. Research Process
2.1.1. Data Mining
2.1.2. Analysis
2.1.3. Market Estimation
2.1.4. Validation
2.1.5. Publishing
2.2. Research Assumption
Chapter 3. Executive Summary
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The Global Facial Recognition Market will witness a healthy growth from 2016 to 2022, a research report suggests.
The risk of false matches presents on the other hand will challenge information technology sector based organizations functioning in the global facial recognition market.
Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/1250 Competitive Outlook: The global facial recognition market research report brings a comprehensive study of technology, hardware & software, and vertical market segments, regional analysis, and information technology vertical based company details of key players.
As the forecast period 2016 to 2022 will bring new opportunities for the market owing to the increasing disposable income and the increasing preference of consumers, the market is set to grow at a compound annual growth rate of 19.68% and is predicted to reach a value of US$8.93 billion by 2022.
With SWOT analysis of information technology sector based companies and Porter’s Five Force model analysis based findings, and understanding challenges such as the lack of developed infrastructure and the lack of R investments, companies in the information technology sector can change the way business is done.
To study the market, analysts have further segmented technology, hardware & software, and vertical into 2D recognition, 3D recognition, and thermal recognition on the basis of technology.
As per the report that has been recently published by Market Research Future (MRFR), the global facial recognition market is expected to witness significant expansion at a robust CAGR of over 19.68 % during the forecast period of 2016-2022 and reach USD 8.93 Bn by the end of the forecast period.Market Scenario:The facial recognition system is a technology used for the identification of individuals from digital images or video clips by comparison of selected facial features with the available database.
The vital application of facial recognition systems in military and defence sector owing to the proliferating terrorist activities and increasing crime rate and incorporation of facial recognition systems in various government and private organizations for security purposes are some of the major factors driving the global facial recognition market.The advancement in technology is facilitating the incorporation of facial recognition systems in various personal devices such as computers, laptops, and smartphones in order to maintain the user privacy and data security.
The rise in adoption of digital door lock systems which use facial recognition technology along with other biometrics such as fingerprint and retina scanning is positively impacting the expansion of the global facial recognition market.The increasing rate of home invasions, burglaries, and other major crimes is generating a dire need for facial recognition systems in all the regions of the world, leading to the growth of the global facial recognition market.
The widespread application of facial recognition systems in the consumer electronics sector is also proving to be a vital factor fuelling the expansion of the global facial recognition market.However, the high installation and maintenance cost and low penetration of advanced technology in underdeveloped regions of the world are likely to create prime hindrance in the expansion of the global facial recognition market during the forecast period.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/1250Market Segmentation:The global market for facial recognition has been segmented on the basis of technology, hardware and software, and verticals.
Based on technology, the facial recognition market is segmented into 2D recognition, 3D recognition, and thermal recognition.
Based on verticals, the facial recognition market is segmented into large organization, government, airports, home security, and others.Detailed Regional Analysis:Geographically, the global facial recognition market is segmented into four major regions such as North America, Europe, Asia Pacific, and the Middle East and Africa.
