Business & Finance

Facial Recognition Market Global Demand, Growth, Opportunities, Top Key Players and Forecast to 2026 | Exclusive Research Report by GMI Research

Facial Recognition is a technology that helps in capturing the face images, having a non-contacting nature, the feature of capturing image from distance without any physical interaction with the person being identified. It uses biometric to identify the facial features from an image or video, detecting the image and providing a code for further matching process. Facial Recognition has vast application in the field of security and can be implemented as a functionally independent application.

The factors responsible for driving the growth of facial recognition market includes non-contact nature, the images can be captured from a distance and improved level of security measure for time tracking. Cost effective and less processing period in capturing and identifying images unlike other biometric techniques are also some features responsible for bolstering the growth of facial recognition market in the forecast period 2019-2026. Increasing adoption in mobile platforms, deployment in security services and easy to integrate ability are some drivers that fuels the growth of facial recognition market.

Moreover, technological advancements in this system are further expected to drive the facial recognition market by 2026. Factors restraining the growth of facial recognition market includes their unreliability, inefficiency and the lack of effectiveness in terms of facial expressions, these get affected by the intensity of illumination due to their ability of identifying the object only in the case of favourable lighting conditions.

Various notable players in the facial recognition market include Aware Inc., Gemalto NV, NEC Corporation, Cognitec Systems GmbH, Animetrics Inc., Nuance Communications Inc., Ayonix Face Technologies, nViso SA, Daon Inc. and Idemia among others.

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The Global Facial Recognition Market has been segmented on the basis of Component, Technology, Industry and Geography. Based on component market is categorized into hardware and software. On the basis of technology market is categorized into 2D facial recognition, 3D facial recognition and facial analytics. Based on industry market is categorized into aviation, government& public sector, banking & financial services and others and by geography.

Key questions answered in this research report:
1- At what pace is facial recognition market growing? What will be the growth trend in the future?
2- What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
3- What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the facial recognition market?
4- What are the various application areas and how they are poised to grow?

Market Segmentation
By Component
• Hardware
• Software

By Technology
• 2D Facial Recognition
• 3D Facial Recognition
• Facial Analytics

By Industry
• Aviation
• Government &private sector
• Banking& financial services
• Others

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By Geography
• North America
As a part of the customization
◦ By Component
◦ By Technology
◦ By Industry
◦ US
◦ Canada

• Europe
As a part of the customization
◦ By Component
◦ By Technology
◦ By Industry
◦ UK
◦ Germany
◦ France

• APAC
As a part of the customization
◦ By Component
◦ By Technology
◦ By Industry
◦ India
◦ Japan
◦ Rest of APAC

• ROW
As a part of the customization
◦ By Component
◦ By Technology
◦ By Industry
◦ Brazil
◦ South Africa

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