Facial Recognition Market by Software Tools & Services – 2022
Facial recognition market categorizes the global market by component as software tools and services, by technology, by use case as emotion recognition, attendance tracking and monitoring, access control, law enforcement, by end-user, and by region.
(EMAILWIRE.COM, June 29, 2018 ) Services segment is expected to grow at the highest CAGR during the forecast period
Due to the growing awareness among enterprises about the features of facial recognition technologies and the rising need for a more secured biometric system, the demand for facial recognition system is said to be increasing globally. Facial recognition services play a vital role in face detection and recognition, and comprise training and consulting services and cloud-based facial recognition services. Facial recognition services are offered for governments, homeland security, military, retail, and healthcare.
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3D facial recognition technology segment is expected to have the largest market size by the end of the forecast period
The 3D facial recognition technology is independent of illumination, which enables it to capture high-quality images in uncontrolled environments, such as poorly lit and or completely dark areas. The 3D facial recognition model overcomes the drawbacks of the 2D facial recognition technology. The 3D facial recognition technologies have a high potential to analyze, identify, and verify the facial characteristics of individuals. The technologies are also used in application areas, such as cross-border monitoring, document verification, and identity management.
Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period
Factors such as huge investments from the government sector toward security and surveillance infrastructure, increased public awareness, and the emergence of sophisticated technologies backed by analytics are said to be driving the facial recognition market growth in APAC significantly. In addition, a high market growth is anticipated due to the technological advancements and mandatory regulations imposed by the government regulatory entities in the region to adopt the best-in-class technologies and standards.
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The facial recognition market report encompasses the competitive landscape, which presents the positioning of the 25 key facial recognition vendors based on their product offerings and business strategies. Some of these major vendors include Aware (US), NEC Corporation (Japan), Ayonix Corp. (Japan), Cognitec Systems (Germany), KeyLemon (Switzerland), nViso (Switzerland), Herta Security (Spain), Techno Brain (Kenya), Neurotechnology (Lithuania), Daon (US), Animetrics (US), 3M Company (US), IDEMIA (France), and Gemalto (Netherlands).
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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.
Due to the growing awareness among enterprises about the features of facial recognition technologies and the rising need for a more secured biometric system, the demand for facial recognition system is said to be increasing globally. Facial recognition services play a vital role in face detection and recognition, and comprise training and consulting services and cloud-based facial recognition services. Facial recognition services are offered for governments, homeland security, military, retail, and healthcare.
Download PDF Brochure - https://www.marketsandmarkets.com/pdfdownload.asp?id=995
3D facial recognition technology segment is expected to have the largest market size by the end of the forecast period
The 3D facial recognition technology is independent of illumination, which enables it to capture high-quality images in uncontrolled environments, such as poorly lit and or completely dark areas. The 3D facial recognition model overcomes the drawbacks of the 2D facial recognition technology. The 3D facial recognition technologies have a high potential to analyze, identify, and verify the facial characteristics of individuals. The technologies are also used in application areas, such as cross-border monitoring, document verification, and identity management.
Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period
Factors such as huge investments from the government sector toward security and surveillance infrastructure, increased public awareness, and the emergence of sophisticated technologies backed by analytics are said to be driving the facial recognition market growth in APAC significantly. In addition, a high market growth is anticipated due to the technological advancements and mandatory regulations imposed by the government regulatory entities in the region to adopt the best-in-class technologies and standards.
Request for Sample Pages - https://www.marketsandmarkets.com/requestsample.asp?id=995
The facial recognition market report encompasses the competitive landscape, which presents the positioning of the 25 key facial recognition vendors based on their product offerings and business strategies. Some of these major vendors include Aware (US), NEC Corporation (Japan), Ayonix Corp. (Japan), Cognitec Systems (Germany), KeyLemon (Switzerland), nViso (Switzerland), Herta Security (Spain), Techno Brain (Kenya), Neurotechnology (Lithuania), Daon (US), Animetrics (US), 3M Company (US), IDEMIA (France), and Gemalto (Netherlands).
For More Info - https://www.marketsandmarkets.com/Market-Reports/facial-recognition-market-995.html
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 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints 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.
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MarketsandMarkets™
Mr. Salgarkar
Tel: 1-888-600-6441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results