Global Facial Recognition Market| Industry Trends Report 2024Posted by Sonika on July 29th, 2019 The Facial Recognition Market is projected to grow at a CAGR of 16.5%. The global facial recognition market size to grow at a Compound Annual Growth Rate (CAGR) of 16.6% during the forecast period Global Facial Recognition Market size to grow from USD 3.2 billion in 2019 to USD 7.0 billion by 2024, at a CAGR of 16.6% during 2019–2024. The rising need for surveillance has become one of the major factors to drive the facial recognition market. The advent of new technologies, such as high-definition Closed Circuit Television (CCTV) and high-resolution 3D facial recognition technologies, along with iris recognition and emotion detection, has enhanced the facial recognition market. However, integration of new facial recognition technologies with the existing legacy system is limiting the growth of facial recognition solutions in the market. Government and defense sector among verticals to gain maximum traction during the forecast period Increasing need of facial recognition-enabled biometrics solutions for identity management, border management, and homeland and military security management have fueled government organizations to largely implement facial recognition technologies. Additionally, government-owned large-scale programs, such as smart cities and smart transportation, need the adoption of facial recognition solutions. Request a free sample copy of Facial Recognition Market Report @ https://www.bharatbook.com/marketreports/sample/reports/420171 3D facial recognition software tools to hold the largest market size during the forecast period Asia Pacific to grow at the highest CAGR during the forecast period In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. The breakup profiles of the primary participants are as follows: The report includes the study of the key players offering facial recognition solutions. It profiles major vendors in the global facial recognition market including NEC (Japan), Aware (US), Gemalto (Netherlands), Ayonix Face Technologies (Japan), Cognitec Systems GmbH (Germany), NVISO SA (Switzerland), Daon (US), StereoVision Imaging (US), Techno Brain (Kenya), Neurotechnology (Lithuania), Innovatrics (Slovakia), id3 Technologies (France), IDEMIA (France), Animetrics (US), and MEGVII (China). Research coverage The report would help the market leaders and new entrants in the global facial recognition market in the following ways: Browse our full report with Table of Contents : https://www.bharatbook.com/marketreports/facial-recognition-market-by-component-software-tools-and-services-application-area-emotion-recognition-attendanc/420171 About Bharat Book Bureau: Bharat Book is Your One-Stop-Shop with an exhaustive coverage of 4,80,000 reports and insights that includes latest Market Study, Market Trends & Analysis, Forecasts Customized Intelligence, Newsletters and Online Databases. Overall a comprehensive coverage of major industries with a further segmentation of 100+ subsectors. Contact us at: Bharat Book Bureau Like it? Share it!More by this author |