Latest added Facial Recognition Market research study by MarketDigits offers detailed product outlook and elaborates market review till 2026. The market Study is segmented by key regions that is accelerating the marketization. At present, the market is sharping its presence and some of the key players in the study are Gemalto NV, Ayonix Face Technologies, Cognitec Systems, NVISO SA., Daon, StereoVision Imaging, Techno Brain., Neurotechnology, Innovatrics. The study is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources.
This report studies the Facial Recognition Market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the Facial Recognition Market by companies, region, type and end-use industry.
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Scroll down 100s of data Tables, charts and graphs spread through Pages and in-depth Table of Content on ” Global Facial Recognition Market By Technology (2D and 3D Face Recognition, Facial Analyst), Component (Hardware, Software), Application (Homeland Security, Criminal Investigation, ID Management, Physical Security, Intelligent Signage, Web Application, Business Intelligence, Photo Indexing and Sorting), End Users (Government & Transportation, Military & Defense, BSFI, Retail, Hospitality), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026″. Early buyers will get 10% customization on study.
To Avail deep insights of Facial Recognition Market Size, competition landscape is provided i.e. Revenue Analysis (M $US) by Company (2018-2020), Segment Revenue Market Share (%) by Players (2018-2020) and further a qualitative analysis is made towards market concentration rate, product/service differences, new entrants and the technological trends in future.
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Market Analysis: Global Facial Recognition Market
Global facial recognition market is set to witness a healthy CAGR of 17.10% in the forecast period of 2019 to 2026. The report contains data of the base year 2018 and historic year 2017. This rise in the market can be attributed due to rising demand for surveillance systems for enhancing safety and security
Few of the major competitors currently working in the global facial recognition market are NEC Technologies India Private Limited, Aware, Inc., Gemalto NV, Ayonix Face Technologies, Cognitec Systems GmbH, NVISO SA., Daon, StereoVision Imaging, Inc., Techno Brain., Neurotechnology, Innovatrics, id3 Technologies, IDEMIA, Animetrics, Crunchbase Inc., Aurora Computer Services Limited, Nuance Communications, Inc., FaceFirst
Market Definition: Global Facial Recognition Market
Facial recognition is a technology which is used to recognize human face for different purposes. Facial recognition system uses biometrics software to match facial features or information from the recorded database. It is easy to integrate with existing security features. Facial recognition is generally used for security purposes. Facial recognition is also defined as an application based on biometric artificial intelligence that can define an individual uniquely by analyzing patterns based on the facial textures and shape of the individual.
Facial Recognition Market Restraints:
- Lack of accuracy is somewhere hindering the market growth
- High implementation cost of facial recognition technology hinder the market growth
Research Methodology: Global Facial Recognition Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by MarketDigits team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Facial Recognition Market Drivers:
- Government initiatives are expected to contribute in driving the market growth
- Increasing demand for surveillance systems to enhance safety and security is increasing the adoption of facial recognition systems
- Increasing adoption of facial recognition in consumer electronics are fueling the market growth
- Mandatory regulations imposed by government for the adoption of technology is driving the market growth
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved
The Facial Recognition market research report makes an organization armed with data and information generated by sound research methods. This market analysis helps to get up to date about various segments that are relied upon to observe the rapid business development amid the estimate forecast frame. This market research report offers an in-depth overview of product specification, technology, product type and production analysis considering major factors such as revenue, cost & gross margin. Facial Recognition market report plays very essential role when it is about achieving an incredible growth in the business.
Facial Recognition Market Reports – Table of Contents
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
- Assumptions and Research Methodology
- Executive Summary: Global Facial Recognition Market
- Market Overview
4.3. Market Dynamics
4.4. Porter’s Five Force Analysis
- Key Insights
5.1. Technological Advancements
5.2. Pricing Analysis
5.3. Recent Developments
- Global Facial Recognition Market Analysis and Forecast, By Product
- Global Facial Recognition Market Analysis and Forecast, By Detector
- Global Facial Recognition Market Analysis and Forecast, By Technology
- Global Facial Recognition Market Analysis and Forecast, By Application
- Global Facial Recognition Market Analysis and Forecast, By End-user
- Global Facial Recognition Market Analysis and Forecast, By Region
- North America Facial Recognition Market Analysis and Forecast
- Europe Facial Recognition Market Analysis and Forecast
- Asia Pacific Facial Recognition Market Analysis and Forecast
- Latin America Facial Recognition Market Analysis and Forecast
- Middle East & Africa Facial Recognition Market Analysis and Forecast
- Competitive Landscape
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