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Global Facial Recognition Market 2019-2025

  • ID: 4901063
  • Report
  • January 2020
  • Region: Global
  • Orion Market Research Private Limited
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FEATURED COMPANIES

  • Accenture PLC
  • BioID GmbH
  • Fujitsu Ltd.
  • HYPR Corp.
  • Innovatrics s.r.o.
  • NVISO SA
  • MORE
Global Facial Recognition Market Size, Share & Trends Analysis Report by Type (2D Facial Recognition and 3D Facial Recognition), By End-User (BFSI, Government and Defense, Retail, Healthcare, and Others), and Forecast period 2019-2025.

The global facial recognition market is expected to grow at a significant CAGR of 14.2% during the forecast period. The increasing application of facial recognition in intelligent signage and physical security, along with the technological advancements that include 3D-based recognition systems and cloud-based services are the key factors to drive the growth of the global facial recognition market. Technological advancement in facial recognition systems with its application in mobile security is anticipated to provide huge opportunities to the facial recognition market.

The global facial recognition market is segmented on the basis of type and end-user. Based on the type, the market is bifurcated into 2D facial recognition and 3D facial recognition. 3D facial recognition is expected to hold a significant share in the market. 3D facial recognition is being widely adopted by various government bodies and enterprises due to its ability to identify and verify different facial expressions even in low light and completely dark areas. Further, on the basis of end-user, the market is segmented into BFSI, government and defense, retail, healthcare, and others.

The study of the global facial recognition market report geographically covers the analysis of four major regions including North America (the US and Canada), Europe (UK, Italy, Germany, Spain, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and the Rest of the World (RoW). North America holds the major share in the facial recognition market due to the presence of major market players. In addition, the region is an early adopter of advanced technologies and hence well-established ICT infrastructure. Asia-Pacific is the fastest-growing region in the facial recognition market, owing to the increasing penetration of smartphones.

Some of the key players of the facial recognition market include NEC Corp., Aware Inc., Inc., Fujitsu ltd., Nuance Communication, Inc., ImageWare Systems, Inc., Smilepass Ltd., BioID GmbH, Accenture PLC, and others. The new product launch and product development are the core focus of these major market players. Moreover, the key players of the facial recognition market are actively adopting organic or inorganic market activities to increase their market share. For instance, in November 2018, Ayonix entered into a partnership with Ipsidy, to offer a new biometric security system.

Research Methodology

The market study of the global facial recognition market is incorporated by extensive primary and secondary research. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The research team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. the analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to the reports.

Secondary Sources Include:
  • Financial reports of companies involved in the market.
  • Whitepapers, research-papers, and news blogs.
  • Company websites and their product catalog.
The report is intended for facial recognition software vendors, IT firms, software vendors, cloud-based services vendors, companies working on advanced technologies, BFSI, defense, government, IT and Telecommunication company and their related software companies for the overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation:

1. Global Facial Recognition Market Research and Analysis by Type
2. Global Facial Recognition Market Research and Analysis by End-User

The Report Covers:
  • Comprehensive research methodology of the global facial recognition market.
  • This report also includes a detailed and extensive market overview with key analyst insights.
  • An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
  • Analysis of regional regulations and other government policies impacting the global facial recognition market.
  • Insights about market determinants which are stimulating the global facial recognition market.
  • Detailed and extensive market segments with regional distribution of forecasted revenues.
  • Extensive profiles and recent developments of market players.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Accenture PLC
  • BioID GmbH
  • Fujitsu Ltd.
  • HYPR Corp.
  • Innovatrics s.r.o.
  • NVISO SA
  • MORE
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography

2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations

3. Competitive Landscape
3.1. Competitive Dashboard
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Aware, Inc.
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
3.3.2. NEC Corp.
3.3.2.1. Overview
3.3.2.2. Financial Analysis
3.3.2.3. SWOT Analysis
3.3.2.4. Recent Developments
3.3.3. Nuance Communications, Inc.
3.3.3.1. Overview
3.3.3.2. Financial Analysis
3.3.3.3. SWOT Analysis
3.3.3.4. Recent Developments
3.3.4. ImageWare Systems, Inc.
3.3.4.1. Overview
3.3.4.2. Financial Analysis
3.3.4.3. SWOT Analysis
3.3.4.4. Recent Developments
3.3.5. Fujitsu Ltd.
3.3.5.1. Overview
3.3.5.2. Financial Analysis
3.3.5.3. SWOT Analysis
3.3.5.4. Recent Developments

4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities

5. Market Segmentation
5.1. Global Facial Recognition Market by Type
5.1.1. 2D Facial Recognition
5.1.2. 3D Facial Recognition
5.2. Global Facial Recognition Market by End-Users
5.2.1. BFSI
5.2.2. Government and Defense
5.2.3. Retail
5.2.4. Healthcare
5.2.5. Others

6. Regional Analysis
6.1. North America
6.1.1. US
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World

7. Company Profiles
7.1. Accenture PLC
7.2. Aware, Inc.
7.3. Ayonix Corp.
7.4. BioID GmbH
7.5. Cognitec Systems GmbH
7.6. Daon, Inc.
7.7. Fujitsu Ltd.
7.8. Fulcrum Biometrics, LLC
7.9. Gemalto NV
7.10. HYPR Corp.
7.11. id3 Technologies
7.12. IDEMIA France
7.13. Innovatrics s.r.o.
7.14. NEC Corp.
7.15. Neurotechnology
7.16. NVISO SA
7.17. Nuance Communications Inc.
7.18. SmilePass Ltd.
7.19. StereoVision Imaging, Inc.
7.20. Techno Brain Group
Note: Product cover images may vary from those shown
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  • Accenture PLC
  • Aware, Inc.
  • Ayonix Corp.
  • BioID GmbH
  • Cognitec Systems GmbH
  • Daon, Inc.
  • Fujitsu Ltd.
  • Fulcrum Biometrics, LLC
  • Gemalto NV
  • HYPR Corp.
  • id3 Technologies
  • IDEMIA France
  • Innovatrics s.r.o.
  • NEC Corp.
  • Neurotechnology
  • NVISO SA
  • Nuance Communications Inc.
  • SmilePass Ltd.
  • StereoVision Imaging, Inc.
  • Techno Brain Group
Note: Product cover images may vary from those shown
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