Facial Recognition Market Analysis, Size, Share, Growth, Trends, and Forecast
Market Size and Growth
- The global Facial Recognition Market size was valued at USD 5.21 Billion in 2022.
- It is projected to reach USD 21.56 Billion by 2031, growing at a CAGR of 17.1% during the forecast period (2023-2031).
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Regional Analysis
- North America is the leading region in the facial recognition market, driven by technological advancements and high consumer adoption rates.
- Asia-Pacific is the fastest-growing regional market, with significant growth due to rapid industrialization and urbanization.
Key Players
- Aware Inc.
- Ayonix Corporation
- Cognitec Systems GmbH
- FacePhi
- Fujitsu
- Gemalto NV
- IDEMIA
- NEC Corporation
- Onfido
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Market Segmentations
- By Component: Software, Service
- By Technology: 2D Facial Recognition, 3D Facial Recognition, Facial Analytics
- By Application Area: Emotion Recognition, Attendance Tracking and Monitoring, Law Enforcement, Others
- By Industry: IT Telecommunication, BFSI, Retail, Healthcare, Automotive, Government and Defense, Others
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Report Features
- Comprehensive industry overview
- In-depth company profiles
- Customized reports and analyst assistance
- Facial recognition market insights
- Regional and country-specific reports
FAQs
- Recent brand-building initiatives by key players
- Companies that have broadened their focus by engaging in long-term societal initiatives
- Strategies adopted by firms to remain resilient during the pandemic
- Global trends in the facial recognition market
- Factors influencing the final price of facial recognition devices
Scope
- Impact of COVID-19 on the industry
- Industry chain analysis
- Impact of the Middle East crisis on the market
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