Companies after COVID-19 Impact on Facial Recognition Market | MarketsandMarkets

[56 Pages Report] COVID-19 related major factors (drivers, restraints, opportunities, and challenges) influencing the trends in the facial recognition market.

Posted on 2020-11-04 by MarketsandMarkets in Technology // 0 Comments

Northbrook, IL 60062, USA, 2020-Nov-04 — According to a research report “COVID-19 Impact on Facial Recognition Market by Component (Software Tools and Services), Vertical (BFSI, Government & Defense, Retail & E-commerce, Healthcare, Education, Automotive, and Others), and Region – Global Forecast to 2021″ published by MarketsandMarkets, the global facial recognition market is projected to grow from USD 3.8 billion in 2020 to USD 4.5 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 17.1% during the forecast period. COVID-19 impact on enterprises and economies is transforming the way businesses are operated and delivered worldwide. Public and private sector organizations are taking drastic measures to mitigate the impact of COVID-19 pandemic on regular business conditions, such as remote work culture, ensuring the safety of their workforce through social distancing within the premises.

Browse in-depth TOC on “COVID-19 Impact on Facial Recognition Market”

6 – Tables

21 – Figures

56 – Pages

The major vendors profiled in the global facial recognition market include NEC (Japan), Aware (US), Gemalto (Netherlands), Ayonix (Japan), Idemia (France), Cognitec (Germany), Nvviso SA (Switzerland), Daon (US), Stereovision Imaging (US), Neurotechnology (Lithuania), Innovatrics (Slovakia), id3 Technologies (France), Herta Security (Spain), Megvii {Face++} (China), FaceFirst (US), Sightcorp (Netherlands), FacePhi (Spain), and SmilePass (UK), Aimbraine {Biocatch} (London), Fulcrum Biometrics (Texas).

These players have adopted various growth strategies, such as partnerships, agreements, and collaborations, and new product launches further to expand their presence in the global facial recognition market. Partnerships, new product launches, acquisitions, and product enhancements have also been the dominating strategies adopted by the major players from 2018 to 2020, which has helped them innovate their offerings and broaden their customer base.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=185628151

NEC partnered with software developers in New Zealand to develop NEC iQuarantine, a facial recognition mobile app, which people can be used for location tracking, identity verification through biometrics, symptom monitoring of COVID-19, triage, case escalation, and case intervention. It offers self-assessment to the citizens and guides them on daily monitoring, capturing, and update of the centralized system. In March 2020, Mark Ikeno, CEO, NEC Corporation of America, announced that the health of his firm’s customers, partners, employees, and their families is important. Hence, NEC would adopt guidance from the US Center for Disease Control. NEC reduced staff strength in the Bay Area, and only business-critical functions were allowed.

Moreover, the majority of the employees are suggested to work remotely. Similarly, in Europe, NEC implemented several precaution measures in accordance with guidance by the government and the World Health Organization (WHO) to protect employees, customers, partners, and businesses in the region. NEC, partnered with VeriTrans, to provide facial recognition technology for a cashless payment trial for 7-Eleven Japan. In Japan, NEC has also implemented facial recognition solutions for its employees, and employees can now even havemasks and sunglasses on while entering or exiting the premise.

Request for Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=185628151

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Matched content

Editor’s pick