Please Wait.....
Report
Facial Recognition Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented by Technology (2D Facial Recognition, 3D Facial Recognition, Facial Analytics), By Application (Access Control, Attendance Tracking & Monitoring, Emotion Recognition, Security & Surveillance, Others), By End user (Retail & E-commerce, Media & Entertainment, BFSI, Automobile & Transportation, Telecom & IT, Government, Healthcare, and Others), By Region and Competition
Market Report (3 business days) I 2023-09-05 I 170 Pages I TechSci Research
Global Facial Recognition market is anticipated to witness a growth of steady CAGR in the forecast period 2024-2028. This can be ascribed to the increasing investments in research and development sector by Government and Defense industries. Also, growing demand for high efficiency and low-cost advanced facial recognition are expected to create lucrative growth during the forecasted period. Additionally, increasing demand for advanced video surveillance systems will drive the growth of the facial recognition market over the years. Similarly, increasing adoption of internet of things, rising penetration of smartphones and increasing application of physical security will further boost the growth of the market. Moreover, facial recognition can recognize a human face through technologically advanced AI-based software. Moreover, technological advancements such as Machine Learning (ML), Artificial Intelligence (AI), and cloud-based recognition systems will further drive the growth of the global facial recognition market. Growing acceptance by law enforcement agencies for recognizing facial recognition as a key solution to enhance security is also one of the major factors driving the growth of the market over the last few years.
Increasing Investments in Facial Recognition Technologies by Government and Defense Sectors
The growing investments in the facial recognition technologies by several government and defense forces are propelling the growth of facial recognition market due to increasing adoption of surveillance technologies across the world. Many enterprises, along with government, are including cutting-edge technologies as a solution to enhance security, customer verification, increasing learning engagement and improved accessibility for customers through visual impairments. The technology has been deployed by various security agencies like homeland security and federal and regional law enforcements. Businesses are investing heavily in their research and development for developing and deploying advanced applications by integrating with facial recognitions like biometrics to further secure their assets and resolute numerous criminal investigations which will further boost the growth of the market during the forecasted period.
Rising Demand for Advanced Video Surveillance Systems
The increasing usage of video surveillance systems by different industries and innovations happening related to video surveillance has encouraged the market growth over the years. Applications such as thermal security cameras, 360-degree security cameras, CCTV, and others is massively growing among the public and private sectors to enhance the security and safety. Enterprises are primarily using video surveillance systems in traffic management, crime prevention, and industrial process monitoring. As technology has become more accessible and easier to use, many office buildings have also begun implementing video surveillance to provide a safe and secure environment for staff and visitors. Furthermore, the increased need for smart camera systems, analytical software to record interviews and interrogations, broadening the scope of simulations and demonstrations, monitoring business procedures and consumer behaviour, and collecting data that aids in decision making are stimulating the growth of facial recognition in the global market.
Technological Advancements in Facial Recognition System
The growing prevalence and advancement of artificial intelligence (AI) and sensing and computing facilities are enabling the progress of facial recognition systems which will enhance the demand for facial recognition during the forecasted period. These systems use machine learning (ML) and artificial intelligence (AI) algorithms to identify and verify a person from the digital source. Advanced technologies like deep learning and conventional neural network (CNN) are being used to extract features from images to classify into different categories. Additionally, continuous advancements by the manufactures have created sophisticated technologies such as "spin off from terotechnology" to assist users via increasing the safety and security of crowded places. Furthermore, the growing requirement for less human interference during airport security check after the COVID 19 impact has enormously increased the demand for AI based facial recognition systems which has propelled the market growth of facial recognition in the forecasted period.
Market Segmentation
Global Facial Recognition market can be segmented by technology, application, end user and by region. Based on technology, the market can be divided into 2D facial recognition, 3D facial recognition, and facial analytics. Based on application, the market can be differentiated into access control, attendance tracking & monitoring, emotion recognition, security & surveillance, and others. Based on end-user, the market can be grouped into retail & e-commerce, media & entertainment, BFSI, automobile & transportation, telecom & IT, government, healthcare, and others. Regionally, North America dominated the market among Asia Pacific, Europe, Middle East & Africa, and South America.
Market Players
3M Cogent, Inc., NEC Corporation Pvt Ltd, Aware, Inc., IDEMIA Group, S.A.S., FacePhi Biometria SA, Onfido Holdings Ltd, Ayonix Corporation, Gemalto NV, Cognitec Systems GmbH, Id3 Technologies are some of the leading players operating in the Global Facial Recognition Market.
Report Scope:
In this report, the global facial recognition market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- Facial Recognition Market, By Technology:
o 2D Facial Recognition
o 3D Facial Recognition
o Facial Analytics
- Facial Recognition Market, By Application:
o Access Control
o Attendance Tracking & Monitoring Diagnostics
o Emotion Recognition
o Security & Surveillance
o Others
- Facial Recognition Market, By End User:
o Retail & E-commerce
o Media & Entertainment
o BFSI
o Automobile & Transportation
o Telecom & IT
o Government
o Healthcare
o Others
- Facial Recognition Market, By Region:
o North America
- United States
- Canada
- Mexico
o Europe
- France
- Germany
- United Kingdom
- Italy
- Spain
o Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
o South America
- Brazil
- Argentina
- Colombia
o Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Facial Recognition Market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
1. Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Executive Summary
4. Voice of Customer
5. Global Facial Recognition Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Technology (2D Facial Recognition, 3D Facial Recognition, Facial Analytics)
5.2.2. By Application (Access Control, Attendance Tracking & Monitoring, Emotion Recognition, Security & Surveillance, Others)
5.2.3. By End user (Retail & E-commerce, Media & Entertainment, BFSI, Automobile & Transportation, Telecom & IT, Government, Healthcare and Others)
5.2.4. By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)
5.3. By Company (2022)
5.4. Market Map
6. North America Facial Recognition Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Technology
6.2.2. By Application
6.2.3. By End user
6.2.4. By Country
6.3. North America: Country Analysis
6.3.1. United States Facial Recognition Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Technology
6.3.1.2.2. By Application
6.3.1.2.3. By End user
6.3.2. Canada Facial Recognition Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Technology
6.3.2.2.2. By Application
6.3.2.2.3. By End user
6.3.3. Mexico Facial Recognition Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Technology
6.3.3.2.2. By Application
6.3.3.2.3. By End user
7. Europe Facial Recognition Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Technology
7.2.2. By Application
7.2.3. By End user
7.2.4. By Country
7.3. Europe: Country Analysis
7.3.1. France Facial Recognition Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Technology
7.3.1.2.2. By Application
7.3.1.2.3. By End user
7.3.2. Germany Facial Recognition Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Technology
7.3.2.2.2. By Application
7.3.2.2.3. By End user
7.3.3. United Kingdom Facial Recognition Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Technology
7.3.3.2.2. By Application
7.3.3.2.3. By End user
7.3.4. Italy Facial Recognition Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value
7.3.4.2. Market Share & Forecast
7.3.4.2.1. By Technology
7.3.4.2.2. By Application
7.3.4.2.3. By End user
7.3.5. Spain Facial Recognition Market Outlook
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Value
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Technology
7.3.5.2.2. By Application
7.3.5.2.3. By End user
8. Asia-Pacific Facial Recognition Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Technology
8.2.2. By Application
8.2.3. By End user
8.2.4. By Country
8.3. Asia-Pacific: Country Analysis
8.3.1. China Facial Recognition Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Technology
8.3.1.2.2. By Application
8.3.1.2.3. By End user
8.3.2. India Facial Recognition Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Technology
8.3.2.2.2. By Application
8.3.2.2.3. By End user
8.3.3. Japan Facial Recognition Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Technology
8.3.3.2.2. By Application
8.3.3.2.3. By End user
8.3.4. South Korea Facial Recognition Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Technology
8.3.4.2.2. By Application
8.3.4.2.3. By End user
8.3.5. Australia Facial Recognition Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Technology
8.3.5.2.2. By Application
8.3.5.2.3. By End user
9. South America Facial Recognition Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Technology
9.2.2. By Application
9.2.3. By End user
9.2.4. By Country
9.3. South America: Country Analysis
9.3.1. Brazil Facial Recognition Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Technology
9.3.1.2.2. By Application
9.3.1.2.3. By End user
9.3.2. Argentina Facial Recognition Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Technology
9.3.2.2.2. By Application
9.3.2.2.3. By End user
9.3.3. Colombia Facial Recognition Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Technology
9.3.3.2.2. By Application
9.3.3.2.3. By End user
10. Middle East and Africa Facial Recognition Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Technology
10.2.2. By Application
10.2.3. By End user
10.2.4. By Country
10.3. Middle East and Africa: Country Analysis
10.3.1. South Africa Facial Recognition Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Technology
10.3.1.2.2. By Application
10.3.1.2.3. By End user
10.3.2. Saudi Arabia Facial Recognition Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Technology
10.3.2.2.2. By Application
10.3.2.2.3. By End user
10.3.3. UAE Facial Recognition Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Technology
10.3.3.2.2. By Application
10.3.3.2.3. By End user
11. Market Dynamics
11.1. Drivers
11.1.1. Increasing Investments in Facial Recognition Technologies by Government and Defense Sectors
11.1.2. Rising Demand for Advanced Video Surveillance Systems
11.1.3. Technological Advancements in Facial Recognition System
11.2. Challenges
11.2.1. High Implementation Cost and Lack of Accuracy
11.2.2. Lack of Knowledge and Awareness about the Advance Technology
12. Market Trends & Developments
12.1. Burgeoning Smartphone & Technology Penetration
12.2. Increasing Internet Penetration of Face Recognition Technology for Enhancing Security and Better Patient Health Monitoring
12.3. Rise in Need for Contactless Payments and Human Touch Point Reduction
12.4. Changing Business needs due to Covid-19 Driving Adoption
12.5. Increasing adoption of internet of things
13. Company Profiles
13.1.1. 3M Cogent, Inc.
13.1.1.1. Business Overview
13.1.1.2. Key Revenue and Financials
13.1.1.3. Recent Developments
13.1.1.4. Key Personnel
13.1.1.5. Key Product/Services
13.1.2. NEC Corporation Pvt Ltd
13.1.2.1. Business Overview
13.1.2.2. Key Revenue and Financials
13.1.2.3. Recent Developments
13.1.2.4. Key Personnel
13.1.2.5. Key Product/Services
13.1.3. Aware, Inc.
13.1.3.1. Business Overview
13.1.3.2. Key Revenue and Financials
13.1.3.3. Recent Developments
13.1.3.4. Key Personnel
13.1.3.5. Key Product/Services
13.1.4. IDEMIA Group, S.A.S.
13.1.4.1. Business Overview
13.1.4.2. Key Revenue and Financials
13.1.4.3. Recent Developments
13.1.4.4. Key Personnel
13.1.4.5. Key Product/Services
13.1.5. FacePhi Biometria SA
13.1.5.1. Business Overview
13.1.5.2. Key Revenue and Financials
13.1.5.3. Recent Developments
13.1.5.4. Key Personnel
13.1.5.5. Key Product/Services
13.1.6. Onfido Holdings Ltd
13.1.6.1. Business Overview
13.1.6.2. Key Revenue and Financials
13.1.6.3. Recent Developments
13.1.6.4. Key Personnel
13.1.6.5. Key Product/Services
13.1.7. Ayonix Corporation
13.1.7.1. Business Overview
13.1.7.2. Key Revenue and Financials
13.1.7.3. Recent Developments
13.1.7.4. Key Personnel
13.1.7.5. Key Product/Services
13.1.8. Gemalto NV
13.1.8.1. Business Overview
13.1.8.2. Key Revenue and Financials
13.1.8.3. Recent Developments
13.1.8.4. Key Personnel
13.1.8.5. Key Product/Services
13.1.9. Cognitec Systems GmbH
13.1.9.1. Business Overview
13.1.9.2. Key Revenue and Financials
13.1.9.3. Recent Developments
13.1.9.4. Key Personnel
13.1.9.5. Key Product/Services
13.1.10. Id3 Technologies
13.1.10.1. Business Overview
13.1.10.2. Key Revenue and Financials
13.1.10.3. Recent Developments
13.1.10.4. Key Personnel
13.1.10.5. Key Product/Services
14. Strategic Recommendations
15. About Us & Disclaimer
(Note: The companies list can be customized based on the client requirements.)
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security