Global Face Recognition Systems Market Size, Status and Forecast 2020-2026

This report studies the Face Recognition Systems market, a face recognition system is a computer application capable of identifying or verifying a person from a digital image or a video frame from a video source. One of the ways to do this is by comparing selected facial features from the image and a face database.
Currently, the market is primarily driven by robust technological advancements for development of efficient surveillance systems required by civil and government agencies. This is due to rising instances of criminal and terrorist activities and identification of fraud cases across the globe. Moreover, facial recognition systems that can scan images in all environmental conditions are being developed using 3D facial recognition technology. This would help overcome the barriers of 2D facial recognition technology that include light and pose deflections of the object. However, restrictions on users to share their personal details i.e. covert monitoring of an individual, is expected to hinder the market growth. Furthermore, increased adoption of facial recognition in web applications for picture tagging, social interaction, and others is expected to drive the demand for facial recognition in future.
Market Analysis and Insights: Global Face Recognition Systems Market
In 2019, the global Face Recognition Systems market size was US$ 685.8 million and it is expected to reach US$ 1648.8 million by the end of 2026, with a CAGR of 13.2% during 2021-2026.
Global Face Recognition Systems Scope and Market Size
Face Recognition Systems market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Face Recognition Systems market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.
Segment by Type, the Face Recognition Systems market is segmented into 2D Face Recognition, 3D Face Recognition, Thermal Face Recognition, etc.
Segment by Application, the Face Recognition Systems market is segmented into Emotion Recognition, Law Enforcement, Surveillance, and Monitoring, Others, etc.
Regional and Country-level Analysis
The Face Recognition Systems market is analysed and market size information is provided by regions (countries).
The key regions covered in the Face Recognition Systems market report are North America, Europe, China, Japan, Southeast Asia, India and Central & South America, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of revenue for the period 2015-2026.

Competitive Landscape

and Face Recognition Systems Market Share Analysis
Face Recognition Systems market competitive landscape provides details and data information by vendors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by player for the period 2015-2020. Details included are company description, major business, company total revenue and the revenue generated in Face Recognition Systems business, the date to enter into the Face Recognition Systems market, Face Recognition Systems product introduction, recent developments, etc.
The major vendors include NEC Corporation, Safran Group, Gemalto, Ayonix, Crossmatch Technologies, Aware Inc, etc.

This report focuses on the global Face Recognition Systems status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Face Recognition Systems development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.

The key players covered in this study


NEC Corporation
Safran Group
Gemalto
Ayonix
Crossmatch Technologies
Aware Inc
...

Market segment by Type, the product can be split into


2D Face Recognition
3D Face Recognition
Thermal Face Recognition

Market segment by Application, split into


Emotion Recognition
Law Enforcement, Surveillance, and Monitoring
Others

Market segment by Regions/Countries, this report covers


North America
Europe
China
Japan
Southeast Asia
India
Central & South America

The study objectives of this report are:


To analyze global Face Recognition Systems status, future forecast, growth opportunity, key market and key players.
To present the Face Recognition Systems development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by type, market and key regions.

In this study, the years considered to estimate the market size of Face Recognition Systems are as follows:
History Year: 2015-2019

Base Year:

2019

Estimated Year:

2020
Forecast Year 2020 to 2026
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

Frequently Asked Questions



This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

  • By product type
  • By End User/Applications
  • By Technology
  • By Region

The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.

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