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Facial Recognition Global Market Opportunities and Strategies to 2033

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    Report

  • 316 Pages
  • May 2024
  • Region: Global
  • The Business Research Company
  • ID: 5969569
This report describes and explains the facial recognition market and covers 2018-2023, termed the historic period, and 2023-2028, 2033F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.

The global facial recognition market reached a value of nearly $6.1 billion in 2023, having grown at a compound annual growth rate (CAGR) of 15.3% since 2018. The market is expected to grow from $6.1 billion in 2023 to $13.8 billion in 2028 at a rate of 17.7%. The market is then expected to grow at a CAGR of 15.9% from 2028 and reach $28.9 billion in 2033.

Growth in the historic period resulted from the growing importance of the surveillance industry, rise in incidence of robberies and crime rates, rise in data security breaches and growing number of internet users. Factors that negatively affected growth in the historic period was rise in privacy and security concerns.

Going forward, government support, increasing penetration of smartphones, growing e-commerce sector and rising urbanization will drive the growth. Factor that could hinder the growth of the facial recognition market in the future include high implementation cost.

The facial recognition market is segmented by technology into 2D, 3D and facial analytics. The 3D market was the largest segment of the facial recognition market segmented by technology, accounting for 50.5% or $3.1 billion of the total in 2023. Going forward, the facial analytics segment is expected to be the fastest growing segment in the facial recognition market segmented by technology, at a CAGR of 24.5% during 2023-2028.

The facial recognition market is segmented by application into emotion recognition, attendance tracking and monitoring, access control, security and surveillance and other applications. The access control market was the largest segment of the facial recognition market segmented by application, accounting for 36% or $2.2 billion of the total in 2023. Going forward, the security and surveillance segment is expected to be the fastest growing segment in the facial recognition market segmented by application, at a CAGR of 19% during 2023-2028.

The facial recognition market is segmented by end-user into retail and e-commerce, media and entertainment, banking, financial services and insurance (BFSI), automobile and transportation, telecom and information technology (IT), government, healthcare and other end-users. The retail and e-commerce market was the largest segment of the facial recognition market segmented by end-user, accounting for 22.2% or $1.4 billion of the total in 2023. Going forward, the healthcare segment is expected to be the fastest growing segment in the facial recognition market segmented by end-user, at a CAGR of 21% during 2023-2028.

North America was the largest region in the facial recognition market, accounting for 35% or $2.1 billion of the total in 2023. It was followed by Asia-Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the facial recognition market will be Middle East and Africa where growth will be at CAGRs of 24.7% and 24.4% respectively. These will be followed by Asia-Pacific and Eastern Europe where the markets are expected to grow at CAGRs of 21.5% and 18.8% respectively.

The global facial recognition market is fairly fragmented, with a large number of players operating in the market. The top ten competitors in the market made up to 10.93% of the total market in 2022. NEC Corporation was the largest competitor with 4.80% share of the market, followed by Thales Group with 2.26%, Microsoft Corporation with 1.21%, IDEMIA with 0.90%, Onfido Ltd. with 0.67%, Cognitec Systems GmbH with 0.37%, Kairos AR, Inc. with 0.31%, Ayonix Corporation with 0.14%, Daon Inc. with 0.14%, and Herta Security with 0.13%.

The top opportunities in the facial recognition market segmented by technology will arise in the 3D segment, which will gain $4.6 billion of global annual sales by 2028. The top opportunities in the facial recognition market segmented by application will arise in the access control segment, which will gain $2.8 billion of global annual sales by 2028. The top opportunities in the facial recognition market segmented by end-user will arise in the retail and e-commerce segment, which will gain $1.9 billion of global annual sales by 2028. The facial recognition market size will gain the most in the USA at $2 billion.

Market-trend-based strategies for the facial recognition market include integration of artificial intelligence (AI) in facial recognition to improve accuracy, use of background-check databases for better-informed decisions, strategic partnerships and collaborations among market players and innovative product launches with a focus on law enforcement investigations.

Player-adopted strategies in the facial recognition market include focus on strategic partnerships to better serve the industry and to strengthen their position and enhancing business operations and strengthening operational capabilities through new product developments and launches.

To take advantage of the opportunities, the analyst recommends the facial recognition companies to focus on AI integration in facial recognition, focus on background-check databases for enhanced facial recognition, focus on specialized products for law enforcement investigations, focus on 3D and facial analytics segments, expand in emerging markets, continue to focus on developed markets, focus on strategic partnerships for market expansion, provide competitively priced offerings, focus on strategic pricing strategies for market leadership, participate in trade shows and events, continue to use B2B promotions, prioritize technical webinars for thought leadership, focus on security and surveillance and access control segments and focus on healthcare and retail and e-commerce segments.

Table of Contents

1 Executive Summary
1.1 Facial Recognition - Market Attractiveness and Macro Economic Landscape
2 Table of Contents3 List of Tables4 List of Figures5 Report Structure
6 Market Characteristics
6.1 General Market Definition
6.2 Summary
6.3 Facial Recognition Market Definition and Segmentations
6.4 Market Segmentation by Technology
6.4.1 2D
6.4.2 3D
6.4.3 Facial Analytics
6.5 Market Segmentation by Application
6.5.1 Emotion Recognition
6.5.2 Attendance Tracking and Monitoring
6.5.3 Access Control
6.5.4 Security and Surveillance
6.5.5 Other Applications
6.6 Market Segmentation by End-User
6.6.1 Retail and E-Commerce
6.6.2 Media and Entertainment
6.6.3 Banking, Financial Services and Insurance (BFSI)
6.6.4 Automotive and Transportation
6.6.5 Telecom and Information Technology (IT)
6.6.6 Government
6.6.7 Healthcare
6.6.8 Other End-Users
7 Major Market Trends
7.1 Integration of Artificial Intelligence (AI) in Facial Recognition to Improve Accuracy
7.2 Use of Background-Check Databases for Better-Informed Decisions
7.3 Strategic Partnerships and Collaborations Among Market Players
7.4 Innovative Product Launches with a Focus on Law Enforcement Investigations
8 Facial Recognition Market - Macro Economic Scenario
8.1 COVID-19 Impact on the Facial Recognition Market
8.2 Impact of the War in Ukraine on the Facial Recognition Market
8.3 Impact of High Inflation on the Facial Recognition Market
9 Global Market Size and Growth
9.1 Market Size
9.2 Historic Market Growth, 2018-2023, Value ($ Million)
9.2.1 Market Drivers 2018-2023
9.2.2 Market Restraints 2018-2023
9.3 Forecast Market Growth, 2023-2028, 2033F Value ($ Million)
9.3.1 Market Drivers 2023-2028
9.3.2 Market Restraints 2023-2028
10 Global Facial Recognition Market Segmentation
10.1 Global Facial Recognition Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
10.2 Global Facial Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
10.3 Global Facial Recognition Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
11 Facial Recognition Market, Regional and Country Analysis
11.1 Global Facial Recognition Market, by Region, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
11.2 Global Facial Recognition Market, by Country, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12 Asia-Pacific Market
12.1 Summary
12.1.1 Market Overview
12.1.2 Region Information
12.1.3 Market Information
12.1.4 Background Information
12.1.5 Government Initiatives
12.1.6 Regulations
12.1.7 Regulatory Bodies
12.1.8 Major Associations
12.1.9 Taxes Levied
12.1.10 Corporate Tax Structure
12.1.11 Investments
12.1.12 Major Companies
12.2 Asia-Pacific Facial Recognition Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.3 Asia-Pacific Facial Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.4 Asia-Pacific Facial Recognition Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.5 Asia-Pacific Facial Recognition Market: Country Analysis
12.6 China Market
12.7 Summary
12.7.1 Market Overview
12.7.2 Country Information
12.7.3 Market Information
12.7.4 Background Information
12.7.5 Government Initiatives
12.7.6 Regulations
12.7.7 Regulatory Bodies
12.7.8 Major Associations
12.7.9 Taxes Levied
12.7.10 Corporate Tax Structure
12.7.11 Investments
12.7.12 Major Companies
12.8 China Facial Recognition Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.9 China Facial Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.10 China Facial Recognition Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.11 India Market
12.12 India Facial Recognition Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.13 India Facial Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.14 India Facial Recognition Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.15 Japan Market
12.16 Japan Facial Recognition Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.17 Japan Facial Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.18 Japan Facial Recognition Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.19 Australia Market
12.20 Australia Facial Recognition Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.21 Australia Facial Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.22 Australia Facial Recognition Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.23 Indonesia Market
12.24 Indonesia Facial Recognition Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.25 Indonesia Facial Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.26 Indonesia Facial Recognition Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.27 South Korea Market
12.28 South Korea Facial Recognition Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.29 South Korea Facial Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.30 South Korea Facial Recognition Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13 Western Europe Market
13.1 Summary
13.1.1 Market Overview
13.1.2 Region Information
13.1.3 Market Information
13.1.4 Background Information
13.1.5 Government Initiatives
13.1.6 Regulations
13.1.7 Regulatory Bodies
13.1.8 Major Associations
13.1.9 Taxes Levied
13.1.10 Corporate Tax Structure
13.1.11 Investments
13.1.12 Major Companies
13.2 Western Europe Facial Recognition Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.3 Western Europe Facial Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.4 Western Europe Facial Recognition Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.5 Western Europe Facial Recognition Market: Country Analysis
13.6 UK Market
13.7 UK Facial Recognition Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.8 UK Facial Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.9 UK Facial Recognition Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.10 Germany Market
13.11 Germany Facial Recognition Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.12 Germany Facial Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.13 Germany Facial Recognition Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.14 France Market
13.15 France Facial Recognition Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.16 France Facial Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.17 France Facial Recognition Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.18 Italy Market
13.19 Italy Facial Recognition Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.20 Italy Facial Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.21 Italy Facial Recognition Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.22 Spain Market
13.23 Spain Facial Recognition Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.24 Spain Facial Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.25 Spain Facial Recognition Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
14 Eastern Europe Market
14.1 Summary
14.1.1 Market Overview
14.1.2 Region Information
14.1.3 Market Information
14.1.4 Background Information
14.1.5 Government Initiatives
14.1.6 Regulations
14.1.7 Regulatory Bodies
14.1.8 Major Associations
14.1.9 Taxes Levied
14.1.10 Corporate Tax Structure
14.1.11 Investments
14.1.12 Major Companies
14.2 Eastern Europe Facial Recognition Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
14.3 Eastern Europe Facial Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
14.4 Eastern Europe Facial Recognition Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
14.5 Eastern Europe Facial Recognition Market: Country Analysis
14.6 Russia Market
14.7 Russia Facial Recognition Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
14.8 Russia Facial Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
14.9 Russia Facial Recognition Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
15 North America Market
15.1 Summary
15.1.1 Market Overview
15.1.2 Region Information
15.1.3 Market Information
15.1.4 Background Information
15.1.5 Government Initiatives
15.1.6 Regulations
15.1.7 Regulatory Bodies
15.1.8 Major Associations
15.1.9 Taxes Levied
15.1.10 Corporate Tax Structure
15.1.11 Investments
15.1.12 Major Companies
15.2 North America Facial Recognition Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
15.3 North America Facial Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
15.4 North America Facial Recognition Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
15.5 North America Facial Recognition Market: Country Analysis
15.6 USA Market
15.7 Summary
15.7.1 Market Overview
15.7.2 Country Information
15.7.3 Market Information
15.7.4 Background Information
15.7.5 Government Initiatives
15.7.6 Regulations
15.7.7 Regulatory Bodies
15.7.8 Major Associations
15.7.9 Taxes Levied
15.7.10 Corporate Tax Structure
15.7.11 Investments
15.7.12 Major Companies
15.8 USA Facial Recognition Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
15.9 USA Facial Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
15.10 USA Facial Recognition Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
15.11 Canada Market
15.12 Canada Facial Recognition Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
15.13 Canada Facial Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
15.14 Canada Facial Recognition Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16 South America Market
16.1 Summary
16.1.1 Market Overview
16.1.2 Region Information
16.1.3 Market Information
16.1.4 Background Information
16.1.5 Government Initiatives
16.1.6 Regulations
16.1.7 Regulatory Bodies
16.1.8 Major Associations
16.1.9 Taxes Levied
16.1.10 Corporate Tax Structure
16.1.11 Investments
16.1.12 Major Companies
16.2 South America Facial Recognition Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.3 South America Facial Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.4 South America Facial Recognition Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.5 South America Facial Recognition Market: Country Analysis
16.6 Brazil Market
16.7 Brazil Facial Recognition Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.8 Brazil Facial Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.9 Brazil Facial Recognition Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
17 Middle East Market
17.1 Summary
17.1.1 Market Overview
17.1.2 Region Information
17.1.3 Market Information
17.1.4 Background Information
17.1.5 Government Initiatives
17.1.6 Regulations
17.1.7 Regulatory Bodies
17.1.8 Major Associations
17.1.9 Taxes Levied
17.1.10 Corporate Tax Structure
17.1.11 Investments
17.1.12 Major Companies
17.2 Middle East Facial Recognition Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
17.3 Middle East Facial Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
17.4 Middle East Facial Recognition Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
18 Africa Market
18.1 Summary
18.1.1 Market Overview
18.1.2 Region Information
18.1.3 Market Information
18.1.4 Background Information
18.1.5 Government Initiatives
18.1.6 Regulations
18.1.7 Regulatory Bodies
18.1.8 Major Associations
18.1.9 Taxes Levied
18.1.10 Corporate Tax Structure
18.1.11 Investments
18.1.12 Major Companies
18.2 Africa Facial Recognition Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
18.3 Africa Facial Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
18.4 Africa Facial Recognition Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
19 Competitive Landscape and Company Profiles
19.1 Company Profiles
19.2 NEC Corporation
19.2.1 Company Overview
19.2.2 Products and Services
19.2.3 Business Strategy
19.2.4 Financial Overview
19.3 Thales S.A.
19.3.1 Company Overview
19.3.2 Products and Services
19.3.3 Business Strategy
19.3.4 Financial Overview
19.4 Microsoft Corporation
19.4.1 Company Overview
19.4.2 Products and Services
19.4.3 Business Strategy
19.4.4 Financial Overview
19.5 IDEMIA
19.5.1 Company Overview
19.5.2 Products and Services
19.5.3 Business Strategy
19.5.4 Financial Overview
19.6 Onfido Ltd.
19.6.1 Company Overview
19.6.2 Products and Services
19.6.3 Business Strategy
19.6.4 Financial Overview
20 Other Major and Innovative Companies
20.1 Cognitec Systems GmbH
20.1.1 Company Overview
20.1.2 Products and Services
20.2 Kairos AR, Inc.
20.2.1 Company Overview
20.2.2 Products and Services
20.3 Ayonix Corporation
20.3.1 Company Overview
20.3.2 Products and Services
20.4 Daon Inc.
20.4.1 Company Overview
20.4.2 Products and Services
20.5 Herta Security
20.5.1 Company Overview
20.5.2 Products and Services
20.6 FaceFirst Inc.
20.6.1 Company Overview
20.6.2 Products and Services
20.7 StereoVision Imaging, Inc
20.7.1 Company Overview
20.7.2 Products and Services
20.8 Innovatrics
20.8.1 Company Overview
20.8.2 Products and Services
20.9 Aware, Inc.
20.9.1 Company Overview
20.9.2 Products and Services
20.10 IntelliVision
20.10.1 Company Overview
20.10.2 Products and Services
20.11 FacePhi Biometría, S.A.
20.11.1 Company Overview
20.11.2 Products and Services
20.12 BioID
20.12.1 Company Overview
20.12.2 Products and Services
20.13 Clarifai, Inc.
20.13.1 Company Overview
20.13.2 Products and Services
20.14 Polaris Sensor Technologies, Inc.
20.14.1 Company Overview
20.14.2 Products and Services
20.15 ID3 Technologies
20.15.1 Company Overview
20.15.2 Products and Services
21 Competitive Benchmarking22 Competitive Dashboard
23 Key Mergers and Acquisitions
23.1 BigBear.ai Acquired Pangiam Intermediate Holdings LLC
23.2 Salto Acquired TouchByte
23.3 Assa Abloy Acquired Control ID
23.4 Salto Acquired Cognitec Systems
23.5 Axle AI Acquired Noscos
23.6 Pangiam Intermediate Holdings LLC Acquired Trueface
24 Opportunities and Strategies
24.1 Global Facial Recognition Market in 2028 - Countries Offering Most New Opportunities
24.2 Global Facial Recognition Market in 2028 - Segments Offering Most New Opportunities
24.3 Global Facial Recognition Market in 2028 - Growth Strategies
24.3.1 Market Trend Based Strategies
24.3.2 Competitor Strategies
25 Facial Recognition Market, Conclusions and Recommendations
25.1 Conclusions
25.2 Recommendations
25.2.1 Product
25.2.2 Place
25.2.3 Price
25.2.4 Promotion
25.2.5 People
26 Appendix
26.1 Geographies Covered
26.2 Market Data Sources
26.3 Research Methodology
26.4 Currencies
26.5 About the Analyst
26.6 Copyright and Disclaimer

Executive Summary

Facial Recognition Global Market Opportunities and Strategies to 2033 provides the strategists; marketers and senior management with the critical information they need to assess the global facial recognition market as it emerges from the COVID-19 shut down.

Reasons to Purchase:

  • Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • 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.
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  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.

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? The facial recognition market global 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 history and forecasts market growth by geography. It places the market within the context of the wider facial recognition market and compares it with other markets.

The report covers the following chapters:

  • Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by technology, by application and by end-user.
  • Key Trends - Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
  • Macro-Economic Scenario - The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the facial recognition market.
  • Global Market Size and Growth - Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
  • Regional and Country Analysis - Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
  • Market Segmentation - Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by technology, by application and by end-user in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
  • Regional Market Size and Growth - Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
  • Competitive Landscape - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
  • Other Major and Innovative Companies - Details on the company profiles of other major and innovative companies in the market.
  • Competitive Benchmarking - Briefs on the financials comparison between major players in the market.
  • Competitive Dashboard - Briefs on competitive dashboard of major players.
  • Key Mergers and Acquisitions - Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
  • Market Opportunities and Strategies - Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
  • Conclusions and Recommendations - This section includes recommendations for facial recognition market providers in terms of product/service offerings geographic expansion, marketing strategies and target groups next five years.
  • Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this 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; Thales Group; Microsoft Corporation; IDEMIA; Onfido Ltd

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

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; facial recognition indicators comparison.

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.

Companies Mentioned

  • NEC Corporation
  • Thales Group
  • Microsoft Corporation
  • IDEMIA
  • Onfido Ltd
  • Zartek
  • Compucare India Pvt. Ltd
  • Orasis Infotech Pvt. Ltd
  • Microtel Netlinks Pvt. Ltd
  • Schnell Infosystem Pvt. Ltd
  • Megvii (Face++)
  • SenseTime
  • CloudWalk Technology
  • Yitu Technology
  • Netposa Technologies Limited
  • Xiamen Meiya Pico Information Co.Ltd
  • Beijing Kuangshi Technology Co., Ltd
  • Dermalog Identification Systems GmbH
  • FacePhi
  • Precise Biometrics
  • Visionect
  • Tascent
  • Vision-Box
  • Aurora Computer Services Ltd
  • NtechLab
  • Speech Technology Center (STC)
  • TotalSoft
  • Romanian Software
  • Neurotechnology
  • Comarch
  • Kiwi Security
  • Delfi Technologies
  • Clearview AI
  • NEC Corporation of America
  • Amazon Rekognition
  • IBM
  • BioID
  • Rank One Computing
  • AnyVision
  • Oz Liveness (Oz Forensics)
  • Argos KYC
  • Akiyama
  • Applied Recognition
  • Corsight AI
  • Shufti Pro
  • Heyce Security Systems and Equipment Trading L.L.C
  • RecFaces
  • ACIX Middle East
  • Tektronix Technology Systems LLC
  • iiDENTIFii
  • Paycode
  • iPulse Systems
  • illation
  • Kenai
  • NEC XON
  • Fulcrum Biometrics Southern Africa (Pty) Ltd

Methodology

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Table Information