Global Facial Recognition Market to Grow at a CAGR of 14.0% (2016-2024)

New York, USA, 2018-Dec-01 — /EPR Network/ —

According to Goldstein Research, Facial Recognition Market is expected to reach USD 9.75 billion by 2024, growing at a CAGR of 14.0% over the forecast period 2016-2024. The growing demand of surveillance and security system majorly from the civil government sectors on the back of rising criminal cases is driving the growth of global facial recognition market. Global facial recognition market segmentation has been done on the basis of the component, technology, application, end user and geography. Government sector accounted for largest market share for the application of facial recognition system. It is followed by the enterprise sector, witnessing the increasing installation of the facial recognition system for tracking and monitoring purpose. Global facial recognition market is largely dominated by North America with 45.5% market share in 2016 on the back of improving criminal investigation. Further, the Asia-Pacific region is expected to grow at a CAGR of 14.6% over the forecast period.

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Market Segmentation

On the basis of our in-depth analysis, Global Facial Recognition Market can be segmented as follows:

By Component

• Software
• Hardware
• Scanners
• Cameras
• Handheld Device
• Integrated Device
• Services
• Training & Consulting Service
• Cloud Based Facial Recognition Services

By Technology

• Facial recognition software and Software Development Kit (SDK)
• Solution type
• Databases
• Modeling and restructuring
• Analytics solutions

By Application

• Emotion recognition
• Attendance tracking and monitoring
• Access control
• Law enforcement
• Others (robotics and eLearning)

By End-User

• Government
• Homeland Security
• Military
• Enterprises
• Banking, Financial services, and Insurance
• Healthcare
• Retail
• Other end-users (casinos, public places, etc.)

By Region

• North America Facial Recognition Market Analysis, 2016-2024
• Global Facial Recognition Market Analysis, 2016-2024
• Middle East And Africa Facial Recognition Market Analysis, 2016-2024
• Latin America Facial Recognition Market Analysis, 2016-2024
• Asia Pacific Facial Recognition Market Analysis, 2016-2024
• Rest Of The World Facial Recognition Market Analysis, 2016-2024

 

“Global Facial Recognition Market Outlook 2024” contains a broad overview of the global facial recognition market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by component, technology, application, end-user, and geography.

 

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The Global Facial Recognition Market Report highlights the competitive outlook of major global players that includes business strategies, product portfolio, revenue distribution, financial analysis, R&D activities, and investments. The comprehensive analysis of the facial recognition market report is drafted as per the clients to help them in assessing their business strategies in a competitive environment.

Major players of the global facial recognition market analyzed in the report are Aware, NEC Corporation, Ayonix Corp., Cognitec Systems, KeyLemon, nViso, Herta Security, Techno Brain, Neurotechnology, Daon, Animetrics, 3M Company, IDEMIA, Gemalto, etc.

Further, Global Facial Recognition Market Report encompasses the key factors driving the growth of the market, opportunities in the market and the factors posing threats & challenges to the market. The Facial RecognitionMarket Outlook also comprises the market dynamics, risk analysis, SWOT analysis, USP analysis, BPS Analysis & market attractiveness. Report further also includes the expert analysis and remarks showcasing the complete overview of the market based on intensive analysis of political, economic, social, technological, environmental & legal factors of each region in the market.

Global Facial Recognition Market is driving on the basis of advancement in the given below industries

 

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AIS Market

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