Global Facial Recognition Technology Market, By Technology (2D Facial Recognition, 3D Facial Recogn

Published Date: | Report Code : IT1939892

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Increasing demand from medical & healthcare and military & defense for various applications is expected to drive market growth of the facial recognition technology market during the forecast period. Facial recognition is a biometric technology used for confirmation and identification of an individual by comparing the facial features from a picture with the stored facial database. Currently, facial recognition technology is used for security and marketing purposes. For instance, bulletins have been designed with integrated software that is used to distinguish sex, age, and other characteristics. Facial recognition services are also used for the advisory of large-scale government and military projects. Additionally, it consists of information gathering, biometric security design, technology evaluation, and validation of biometric features. Nowadays, facial recognition technology is also used in mobiles as a security tool.

The global facial recognition technology market is growing with the increasing demand for advanced security and surveillance systems in the government and defense sectors. Moreover, increasing crime and terrorist activities are emphasizing on the need for facial recognition systems. Additionally, advancements in smartphone technology have resulted in the inclusion of facial recognition features in these gadgets.

Key Factors Impacting Market Growth:

  • Increased need for advanced surveillance and monitoring technology at public places
  • Increasing adoption of multimodal biometric systems
  • High investment from government to improve security
  • High set-up cost for facial recognition technology
  • Insufficient technology in the underdeveloped and remote region

Regional Outlook:

By region, the facial recognition technology market is estimated to be dominated by North America, Western Europe, and Asia Pacific during the forecast period. With technological advancements and cluster of global companies operating in these regions, these regions hold key to the growth and development of facial recognition technology market during the forecast period. Most of the leading companies have operations in these regions to cater the potential end users in the respective region. 

The North America facial recognition technology market is further segmented by US, Canada, and Mexico, whereas Germany, UK, France, Italy are estimated to be some of the major markets in Western Europe.  Asia Pacific region is segmented by China, Japan, South Korea, India and Australia. Middle East and Eastern Europe are estimated to be potential markets with growing demand during the forecast period. Major countries in these regions include Russia, UAE, Saudi Arabia, Israel, and others.

Companies Covered: NEC Corporation, Aware, Gemalto, Ayonix Face Technologies, Cognitec Systems GmbH, NVISO SA, Daon, StereoVision Imaging, Techno Brain, Neurotechnology, Innovatrics, id3 Technologies, IDEMIA, Animetrics, MEGVII, Idemia, Gemalto NV, Ayonix Corporation, Herta Security, Keylemon SA., Cross Match Technologies, ZK Software, Safran Group (Morpho S.A.), FaceFirst LLC, 3M Cogent Inc., and Animetrics Inc.

Market Segmentation:

By Technology:

  • 2D Facial Recognition
  • 3D Facial Recognition
  • Facial Analytics

By Component:

  • Software
  • Hardware
  • Services

By Application:

  • Law Enforcement
  • Border Security
  • Emotion Recognition
  • Attendance Tracking & Monitoring
  • Access Control
  • Homeland Security
  • Criminal Investigation
  • Identity Management
  • Physical Security
  • Intelligent Signage
  • Photo Indexing & Sorting
  • Business Intelligence
  • Others

By End User:

  • Government
  • Medical & Healthcare
  • Commercial
  • Military & Defense
  • Others

 By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Technology
    • By Component
    • By Application
    • By End User
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Technology
    • By Component
    • By Application
    • By End User
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Technology
    • By Component
    • By Application
    • By End User
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Technology
    • By Component
    • By Application
    • By End User
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Technology
    • By Component
    • By Application
    • By End User
  • Rest of the World
    • By Region (South America, Africa)
    • By Technology
    • By Component
    • By Application
    • By End User

Reasons to Buy This Report:

  • Market size estimation of the global facial recognition technology market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

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  • By Sub-segment
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