Global Facial Recognition Market - by Application, Technology, Component, and Region - Market Size, Demand Forecasts, Industry Trends and Updates (2018-2025)

  • ID: 4649552
  • Report
  • Region: Global
  • 124 pages
  • Oristep Consulting
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until Jan 31st 2019
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FEATURED COMPANIES

  • 3M
  • Ayonix
  • Crossmatch
  • Facefirst Inc.
  • Herta Security
  • Idemia
  • MORE
The facial recognition market has been growing with the need for better security measures. The recognition system recognizes people the same way a human brain does but the approach has differences. The process uses image and biometric matching processes for recognition. The facial recognition technology uses various processes like 2D, 3D or facial analytics depending on the method of implementation. Among these the 3D market holds the most significant share in the market due to its highly and most accurate face recognitions.

Demand Scenario

The global facial recognition market is USD 3.97 billion in 2018 and is estimated to reach USD 10.15 billion by 2025 at a CAGR of 14.35% during the forecasted period. The market demand for the process is huge as it simplifies as well as enhances the security mechanisms implemented at various processes. Owing to the accuracy and speed of the process, it has started to be widely accepted across the world.

Growth by Region

North America had the second highest share of the market in 2018 with a market share of slightly less than one-quarter. Being advanced in the field of technology North America has shown a significant interest in the field and a lot of progress has been made.

Asia Pacific covers around 16 % of the total market while being the fastest growing region during the forecasted period.

Drivers Vs. Constraints

The increased need for enhanced surveillance and monitoring at public places and the increase in use of facial recognition technologies in industries, such as the government are said to be driving the facial recognition market growth.

Some of the constraints regarding this technology are its demand for good cameras and lighting conditions. Earlier 2D technology was used for this process and due to it not being so efficient, it had to be replaced by 3D which makes it better and easier in low light and non-camera favorable conditions also.

Industry Structure and Updates

The need for security has got this technology growing a lot. A lot of research is being done to make the technology more efficient and huge new players are competing in the market to develop better and more efficient system. The various applications like homeland security, criminal investigation, ID management, physical security etc. have made the demand for this technology even more.

The market has been growing at a tremendous rate and the awareness on the benefits of using this technology is increasing. With this comes the need for a huge research and development in this technology.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • 3M
  • Ayonix
  • Crossmatch
  • Facefirst Inc.
  • Herta Security
  • Idemia
  • MORE
1. Research Methodology

2. Executive Summary

3. Market Overview
3.1. Definition
3.2. Industry Value Chain Analysis
3.3. Porter's 5 Forces
3.4. Regulations

4. Market Dynamics
4.1. Introduction
4.2. Drivers
4.3. Constraints
4.4. Trends

5. Global Facial Recognition Market Segmentation, Forecasts and Trends - by Application
5.1. Surveillance Systems
5.2. Home applications
5.3. Physical Security
5.4. Photo Indexing and Sorting
5.5. Others

6. Global Facial Recognition Market Segmentation, Forecasts and Trends - by Technology
6.1. 2D Facial Recognition
6.2. 3D Facial Recognition

7. Global Facial Recognition Market Segmentation, Forecasts and Trends - by Component
7.1. Scanners
7.2. Cameras
7.3. Handheld Devices
7.4. Integrated Devices

8. Global Facial Recognition Market Segmentation, Forecasts and Trends - by Region
8.1. North America
8.1.1. U.S.
8.1.2. Canada
8.2. Europe
8.2.1. UK
8.2.2. France
8.2.3. Germany
8.2.4. Italy
8.2.5. Others
8.3. Asia-Pacific
8.3.1. India
8.3.2. China
8.3.3. Japan
8.3.4. Australia
8.3.5. Others
8.4. Latin America
8.4.1. Brazil
8.4.2. Argentina
8.4.3. Mexico
8.4.4. Others
8.5. Middle East and Africa
8.5.1. South Africa
8.5.2. UAE
8.5.3. Saudi Arabia
8.5.4. Egypt
8.5.5. Others

9. Company Market Share Analysis

10. Company Profiles
10.1. 3M
10.2. IBM
10.3. Cognitec Systems
10.4. NEC
10.5. Ayonix
10.6. Nviso
10.7. Techno Brain
10.8. Keylemon
10.9. Neurotechnology
10.10. Crossmatch
10.11. Daon
10.12. Herta Security
10.13. Nuance Communications
10.14. Idemia
10.15. Animetrics
10.16. Facefirst Inc.
10.17. Gemalto
10.18. Others

11. Industry Structure

12. Industry M&As, Consolidations

13. Investment Opportunities

14. Global Facial Recognition Market - Road Ahead

15. Tables

16. Disclaimer
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  • 3M
  • IBM
  • Cognitec Systems
  • NEC
  • Ayonix
  • Nviso
  • Techno Brain
  • Keylemon
  • Neurotechnology
  • Crossmatch
  • Daon
  • Herta Security
  • Nuance Communications
  • Idemia
  • Animetrics
  • Facefirst Inc.
  • Gemalto
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
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