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Facial Recognition Global Market Report 2024

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    Report

  • 200 Pages
  • February 2024
  • Region: Global
  • The Business Research Company
  • ID: 5767576
The facial recognition market size has grown rapidly in recent years. It will grow from $6.15 billion in 2023 to $7.09 billion in 2024 at a compound annual growth rate (CAGR) of 15.3%. The growth observed in the historical period can be attributed to factors such as applications in security and surveillance, government initiatives for national security, the rise of smartphones and consumer electronics, and the implementation of biometric authentication in financial services.

The facial recognition market size is expected to see rapid growth in the next few years. It will grow to $12.88 billion in 2028 at a compound annual growth rate (CAGR) of 16.1%. The anticipated growth in the forecast period can be attributed to factors such as the adoption of privacy-preserving solutions, responses to the COVID-19 pandemic, enhanced security measures in airports and transportation, and the expanding use of biometrics in education. Major trends expected in the forecast period include the prevalence of contactless biometric authentication, improved accuracy through AI and deep learning, considerations for privacy and ethics, expansion in public safety and security applications, and ongoing responses to the challenges posed by the COVID-19 pandemic.

The facial recognition market is anticipated to experience growth due to the growing significance of the surveillance industry. The rise in cyberattacks, terrorist activities, and identity theft incidents worldwide has led to an increased focus on surveillance. Both private and public organizations are adopting facial recognition technology to enhance security through accurate individual identification for access control. The use of smart surveillance systems incorporating facial recognition is on the ascent. For example, in August 2021, the Singapore Minister for Home Affairs announced a plan to double the installation of police cameras by 2030, increasing from 90,000 to 200,000 police cameras across the island state. Consequently, the escalating importance of the surveillance industry is expected to drive the growth of the facial recognition market.

The facial recognition market is poised for growth due to the increasing incidence of robberies and crime rates. Robbery, defined as the criminal act of taking or attempting to take property from another person or entity by force, threat, or intimidation, has prompted law enforcement agencies to leverage facial recognition technology as a valuable tool in the fight against crime. This technology aids in the rapid identification, tracking, and apprehension of suspects by allowing for quick and accurate matching of facial features captured in surveillance footage or crime scenes. Such applications contribute to efforts aimed at enhancing public safety and preventing criminal activities. As an illustration, in February 2022, according to the New York City Police Department, the city experienced a 58.7% increase in overall index crime, rising from 5759 cases in 2021 to 9138 cases in 2022. Robbery cases specifically saw a 56% increase, climbing from 2099 in 2021 to 3762 in 2022. Therefore, the rising incidence of robberies and crime rates is a significant driver for the growth of the facial recognition market.

A noteworthy trend in the facial recognition market is the emergence of strategic partnerships. Companies are actively forming alliances with facial recognition firms to expand their market reach and capitalize on shared resources. For example, in May 2021, SAFR, a US-based provider of touchless biometrics solutions, entered into a partnership with Convergint Technologies. Through this collaboration, Convergint integrated SAFR's computer vision technology into its portfolio of integrated security solutions, offering clients in the United States a leading face recognition platform for live video intelligence. Convergint, based in Schaumburg, specializes in security and investigations. Similarly, in February 2021, Honeywell, a US-based multinational conglomerate providing smart building solutions, partnered with Idemia. This collaboration aims to develop solutions facilitating contactless engagement within a building, from vehicle recognition in parking garages to automatic elevator operations. Idemia, based in France, is a company offering identity and security solutions.

Major players in the facial recognition market are directing their focus towards technological innovation, with an emphasis on background-check databases to enhance the capabilities of facial recognition. A background-check database serves as a tool in the process of background verification, revealing information about an individual's past conduct. For example, in December 2022, Verify, a US-based company offering performance management solutions, introduced the world's first publicly available background-check database designed to support facial recognition. Known as Verify Faces, this service assists individuals in making more informed decisions about potential dating partners, coworkers, business associates, or any other interactions. It furnishes essential background information, including criminal and civil court reports, birthdate, address and phone number history, and social security number validation.

In June 2021, Pangiam, a US-based company specializing in technology-based security and travel services, disclosed the acquisition of Trueface for an undisclosed amount. This strategic move by Pangiam is geared towards enhancing the travel experience by providing faster, safer, and more personalized services through identity management, biometrics, and data labeling. Trueface, the acquired company, is based in the US and is known for its expertise in computer vision with a focus on facial recognition technology.

Major companies operating in the facial recognition market report are NEC Corporation, SenseTime Group Inc., Idemia Group S.A., Megvii Inc., CyberLink Corp., Ayasdi Inc., FacePhi S.L., Raydiant Inc., Paravision Inc., Aware Inc., FaceFirst Incorporated, Innovatrics Inc., Ayonix Corporation, Herta Security GmbH, Polaris Sensor Technologies Inc., Cognitec Systems GmbH, AURORA COMPUTER SERVICES LIMITED, Animetrics, Rank One Computing Inc., DeepVisionAI Inc., AnyVision Interactive Technologies Ltd., FaceTec Inc., BioID AG, Applied Recognition Inc., XRVision Pte Ltd., Tech5 S.A., Pangiam Trueface Corporation, Clearview AI Inc., Kairos AR Inc., Neurotechnology LLC, ImageWare Systems Inc., KeyLemon S.A., VicarVision B.V.

North America was the largest region in the facial recognition market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the facial recognition market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the facial recognition market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The facial recognition market primarily relies on three main technologies: 2D, 3D, and facial analytics. In 2D face recognition technology, a camera captures an image of the subject, which is then stored for subsequent use. Facial recognition finds applications in various areas, including emotion recognition, attendance tracking and monitoring, access control, as well as security and surveillance. This technology is predominantly utilized across different sectors such as retail and e-commerce, media and entertainment, banking, financial services and insurance (BFSI), automobile and transportation, telecom and information technology (IT), government, healthcare, and others.

The facial recognition market research report is one of a series of new reports that provides facial recognition market statistics, including facial recognition industry global market size, regional shares, competitors with a facial recognition market share, detailed facial recognition market segments, market trends and opportunities, and any further data you may need to thrive in the facial recognition industry. This facial recognition market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.


The facial recognition market includes revenues earned by entities by providing solutions that assist in controlling access to personal devices, homes, cars, offices, and other locations. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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Table of Contents

1. Executive Summary2. Facial Recognition Market Characteristics3. Facial Recognition Market Trends and Strategies
4. Facial Recognition Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Facial Recognition Market Size and Growth
5.1. Global Facial Recognition Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Facial Recognition Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global Facial Recognition Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. Facial Recognition Market Segmentation
6.1. Global Facial Recognition Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • 2D
  • 3D
  • Facial Analytics
6.2. Global Facial Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Emotion Recognition
  • Attendance Tracking and Monitoring
  • Access Control
  • Security and Surveillance
  • Other Applications
6.3. Global Facial Recognition Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Retail and E-commerce
  • Media and Entertainment
  • Banking
  • Financial Services and Insurance (BFSI)
  • Automobile and Transportation
  • Telecom and Information Technology (IT)
  • Government
  • Healthcare
  • Other End-Users
7. Facial Recognition Market Regional and Country Analysis
7.1. Global Facial Recognition Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Facial Recognition Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Facial Recognition Market
8.1. Asia-Pacific Facial Recognition Market Overview
Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Facial Recognition Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Facial Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Facial Recognition Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Facial Recognition Market
9.1. China Facial Recognition Market Overview
9.2. China Facial Recognition Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Facial Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Facial Recognition Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Facial Recognition Market
10.1. India Facial Recognition Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Facial Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Facial Recognition Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Facial Recognition Market
11.1. Japan Facial Recognition Market Overview
11.2. Japan Facial Recognition Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Facial Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Facial Recognition Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Facial Recognition Market
12.1. Australia Facial Recognition Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Facial Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Facial Recognition Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Facial Recognition Market
13.1. Indonesia Facial Recognition Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Facial Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Facial Recognition Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Facial Recognition Market
14.1. South Korea Facial Recognition Market Overview
14.2. South Korea Facial Recognition Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Facial Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Facial Recognition Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Facial Recognition Market
15.1. Western Europe Facial Recognition Market Overview
15.2. Western Europe Facial Recognition Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Facial Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Facial Recognition Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Facial Recognition Market
16.1. UK Facial Recognition Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Facial Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Facial Recognition Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Facial Recognition Market
17.1. Germany Facial Recognition Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Facial Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Facial Recognition Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Facial Recognition Market
18.1. France Facial Recognition Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Facial Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Facial Recognition Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Facial Recognition Market
19.1. Italy Facial Recognition Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Facial Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Facial Recognition Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Facial Recognition Market
20.1. Spain Facial Recognition Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Facial Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Facial Recognition Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Facial Recognition Market
21.1. Eastern Europe Facial Recognition Market Overview
21.2. Eastern Europe Facial Recognition Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Facial Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Facial Recognition Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Facial Recognition Market
22.1. Russia Facial Recognition Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Facial Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Facial Recognition Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Facial Recognition Market
23.1. North America Facial Recognition Market Overview
23.2. North America Facial Recognition Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Facial Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Facial Recognition Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Facial Recognition Market
24.1. USA Facial Recognition Market Overview
24.2. USA Facial Recognition Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Facial Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Facial Recognition Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Facial Recognition Market
25.1. Canada Facial Recognition Market Overview
25.2. Canada Facial Recognition Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Facial Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Facial Recognition Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Facial Recognition Market
26.1. South America Facial Recognition Market Overview
26.2. South America Facial Recognition Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Facial Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Facial Recognition Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Facial Recognition Market
27.1. Brazil Facial Recognition Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Facial Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Facial Recognition Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Facial Recognition Market
28.1. Middle East Facial Recognition Market Overview
28.2. Middle East Facial Recognition Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Facial Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Facial Recognition Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Facial Recognition Market
29.1. Africa Facial Recognition Market Overview
29.2. Africa Facial Recognition Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Facial Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Facial Recognition Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Facial Recognition Market Competitive Landscape and Company Profiles
30.1. Facial Recognition Market Competitive Landscape
30.2. Facial Recognition Market Company Profiles
30.2.1. NEC Corporation
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. SenseTime Group Inc.
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. Idemia Group S.A.
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. Megvii Inc.
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. CyberLink Corp.
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Facial Recognition Market Other Major and Innovative Companies
31.1. Ayasdi Inc.
31.2. FacePhi S.L.
31.3. Raydiant Inc.
31.4. Paravision Inc.
31.5. Aware Inc.
31.6. FaceFirst Incorporated
31.7. Innovatrics Inc.
31.8. Ayonix Corporation
31.9. Herta Security GmbH
31.10. Polaris Sensor Technologies Inc.
31.11. Cognitec Systems GmbH
31.12. AURORA COMPUTER SERVICES LIMITED
31.13. Animetrics
31.14. Rank One Computing Inc.
31.15. DeepVisionAI Inc.
32. Global Facial Recognition Market Competitive Benchmarking33. Global Facial Recognition Market Competitive Dashboard34. Key Mergers and Acquisitions in the Facial Recognition Market
35. Facial Recognition Market Future Outlook and Potential Analysis
35.1 Facial Recognition Market in 2028 - Countries Offering Most New Opportunities
35.2 Facial Recognition Market in 2028 - Segments Offering Most New Opportunities
35.3 Facial Recognition Market in 2028 - Growth Strategies
35.3.1 Market Trend-based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Facial Recognition Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on facial recognition market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
  • Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for facial recognition? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Report Scope

Markets Covered:
1) By Technology: 2D; 3D; Facial Analytics
2) By Application: Emotion Recognition; Attendance Tracking and Monitoring; Access Control; Security and Surveillance; Other Applications
3) By End-user: Retail and E-commerce; Media and Entertainment; Banking, Financial Services and Insurance (BFSI); Automobile and Transportation; Telecom and Information Technology (IT); Government; Healthcare; Other End-Users

Key Companies Mentioned: NEC Corporation; SenseTime Group Inc.; Idemia Group S.A.; Megvii Inc.; CyberLink Corp.

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes

Delivery Format: PDF, Word and Excel Data Dashboard

Companies Mentioned

  • NEC Corporation
  • SenseTime Group Inc.
  • Idemia Group S.A.
  • Megvii Inc.
  • CyberLink Corp.
  • Ayasdi Inc.
  • FacePhi S.L.
  • Raydiant Inc.
  • Paravision Inc.
  • Aware Inc.
  • FaceFirst Incorporated
  • Innovatrics Inc.
  • Ayonix Corporation
  • Herta Security GmbH
  • Polaris Sensor Technologies Inc.
  • Cognitec Systems GmbH
  • AURORA COMPUTER SERVICES LIMITED
  • Animetrics
  • Rank One Computing Inc.
  • DeepVisionAI Inc.
  • AnyVision Interactive Technologies Ltd.
  • FaceTec Inc.
  • BioID AG
  • Applied Recognition Inc.
  • XRVision Pte Ltd.
  • Tech5 S.A.
  • Pangiam Trueface Corporation
  • Clearview AI Inc.
  • Kairos AR Inc.
  • Neurotechnology LLC
  • ImageWare Systems Inc.
  • KeyLemon S.A.
  • VicarVision B.V.

Methodology

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